Sr. Vendor Risk Management Consultant (Due Diligence) at Target

Minneapolis, Minnesota, United States

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$71,000 – $128,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Passion for learning the business, collaborating with others, and building relationships with senior leaders and key business partners
Ability to work autonomously with a healthy work-life balance in a dynamic and fast-paced retail environment
Expertise in understanding, evaluating, and mitigating risks associated with third-party partnerships across the vendor lifecycle (planning, due diligence, contracting, ongoing monitoring, and termination)
Deep knowledge of Target’s business models and operations to facilitate growth and provide guidance on legal and risk-based challenges
Understanding of the entirety of the TPRM Intake and Risk Assessment process with the ability to support intake processing in TPRM systems

Responsibilities

Conduct due diligence on prospective third parties and reassess on a risk-based schedule, evaluating reputation, experience, and financial health to assign risk tiers (high/medium/low)
Deliver expert risk analysis and clear, actionable insights to Target Relationship Managers (RMs), outlining potential business impacts and mitigation strategies
Lead risk assessment meetings with RMs to explain results and advise on interpretation and next steps
Contribute to the creation of executive risk profiles for Target’s most critical third parties
Support large Ongoing Monitoring program

Skills

Vendor Risk Management

Third Party Risk Management

Due Diligence

Compliance

Risk Assessment

Ethics

Security

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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