Vendor Management Specialist - Oversight at Vanguard

Malvern, Pennsylvania, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Risk ManagementIndustries

Requirements

Prior vendor oversight, vendor assessment, sourcing, and third-party risk management experience
Procurement and enterprise supplier management experience is a plus
Familiarity with industry-leading third-party risk management, vendor oversight, and supplier management processes
Foundational cybersecurity and risk knowledge with a desire to build on this acumen
Comprehensive understanding and experience working with and/or assessing industry-leading cybersecurity, physical security, fraud, and risk management vendors, along with related toolsets and professional services firms
Five years of related work experience
Undergraduate degree or equivalent combination of training and experience

Responsibilities

Lead business reviews for critical and high-risk suppliers to drive improvements and minimize risk exposures
Identify and analyze potential risk exposures captured in third party assessment, SOC reports, control assessments, and penetration tests
Perform detailed analyses to support the evaluation of the financial, operational, and performance reputation of vendors, ensuring they are suitable partners for the organization
Oversee and supervise the ongoing financial, operational, performance, and risk health of a subset of risk and security vendors
Lead the acquisition, management, and maintenance for cybersecurity, risk management, and enterprise resiliency vendors with moderate to high scope and complexity
Analyze data to perform comparative evaluations of vendors, ensuring Vanguard acquires the highest value and expected return for its investment in vendor contracts
Contribute to the development of RFPs for specific services or products and invite vendors to respond with proposals
Assist in resolving conflicts and problems that have been referred by others and provide guidance to less seasoned crew
Participate in special projects and perform other duties as assigned
Manage GR&S vendors through the full third-party lifecycle, including due diligence and selection, negotiations and onboarding, and ongoing monitoring and management
Collaborate closely with GR&S Product Owners to evaluate vendor performance and third-party risks such as security, privacy, business continuity, and financial health

Skills

Vendor Management

Third-Party Risk Management

Due Diligence

Vendor Assessment

Sourcing

Procurement

Supplier Management

Cybersecurity

Risk Management

Physical Security

Fraud Prevention

Vanguard

Client-owned investment management firm offering low-cost funds

About Vanguard

Vanguard provides financial services with a focus on investment management. The company offers a variety of products, including mutual funds, exchange-traded funds (ETFs), individual retirement accounts (IRAs), and 401k rollovers, aimed at individual investors, financial advisors, and institutions. Vanguard's unique ownership structure means it is owned by its funds, which are in turn owned by the clients, allowing it to prioritize the needs of its investors over external shareholders. This model enables Vanguard to offer low-cost investment options, as it primarily earns revenue through management fees that are generally lower than industry standards. Additionally, Vanguard provides personalized investment advisory services, charging fees based on the assets managed. The company's goal is to help clients grow their wealth and achieve their financial objectives through effective investment strategies, while maintaining a competitive performance track record.

Kline Township, PennsylvaniaHeadquarters

1975Year Founded

SECONDARYCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Best-in-class medical, dental & vision coverage

Onsite health clinic & fitness center

Health Smart Rewards program

Vanguard Retirement Savings Plan

Education Benefits

PTO

Family Planning Benefist

Parental leave

Personal development opportunities

Volunteer Time Off

Risks

Competition from AI-driven platforms like Writer challenges Vanguard's traditional advisory services.

Vanguard's stake in Steelcase exposes it to the volatile furniture market.

New active bond ETFs may struggle in a low-yield environment with increasing competition.

Differentiation

Vanguard is client-owned, aligning its interests with investors, unlike traditional firms.

The firm offers low-cost investment products, making it attractive to cost-conscious investors.

Vanguard's ownership structure allows it to focus on long-term investor value.

Upsides

Vanguard's new active bond ETFs offer diversified, low-cost fixed income options.

The acquisition of Steelcase shares diversifies Vanguard's portfolio into the furniture industry.

Launching the International Dividend Growth Fund appeals to investors seeking sustainable dividend growth.

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