Vendor Risk Manager

United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Technology, PaymentsIndustries

Requirements

Candidates should have 5+ years of relevant Third-Party Risk Management experience, with a focus on Vendor Risk Management, ideally within Payments, FinTech, Consulting, and/or SaaS-based technology companies. Experience in regulatory or regulatory-adjacent industries/environments and an understanding of the regulatory requirements governing Vendor Risk Management in the Payments, FinTech, and/or Banking industries is required. Proven ability to design, develop, implement, and refine Vendor Risk Management programs, conduct risk assessments, and thrive in a fast-paced environment with a high volume of work is essential. The ability to operate without pre-defined processes and excellent interpersonal and communication skills are also necessary.

Responsibilities

The Vendor Risk Manager will lead and manage the company’s Third-Party Risk Management (TPRM) program for Vendors. Responsibilities include designing, developing, implementing, and refining the VRM policy, standards, and procedures. This role involves evaluating vendor risks, implementing controls, and facilitating the resolution of escalated vendor-related issues. The manager will oversee the vendor side of the procure-to-pay system, partner with SMEs and Compliance teammates, establish vendor monitoring processes, and be a critical partner in vendor onboarding and offboarding. Additionally, the role requires curating vendor inventories, establishing metrics and reporting for program performance, and communicating market insights to drive VRM strategies.

Skills

Vendor Risk Management

Third-Party Risk Management (TPRM)

Risk Assessment

Risk Mitigation

Policy Development

Procedure Development

Control Environment Management

Vendor Onboarding

Vendor Offboarding

Procure-to-Pay Systems

Privacy Risk

Security Risk

Legal Risk

Compliance Risk

Cross-functional Collaboration

Strategic Thinking

Problem Solving

Marqeta

Card issuing and payment processing solutions

About Marqeta

Marqeta provides modern card issuing and payment processing solutions in the fintech sector. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs, such as expense management and consumer payments. The service operates through an open API, enabling clients to integrate Marqeta's capabilities into their own applications. This flexibility sets Marqeta apart from competitors, as it caters to a diverse range of clients, including financial institutions and tech companies. The company generates revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. Marqeta's ability to quickly adapt to the growing demand for digital payments, especially during the COVID-19 pandemic, has contributed to its significant presence in the market.

Oakland, CaliforniaHeadquarters

2010Year Founded

$526.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program

Risks

Class action lawsuit may harm Marqeta's reputation and investor confidence.

Increased regulatory scrutiny could raise compliance costs for Marqeta.

EWA platforms might disrupt Marqeta's traditional card issuing model.

Differentiation

Marqeta's open API platform allows for highly customizable payment solutions.

The company operates in 40 countries, offering a global card issuing platform.

Marqeta's cloud-based infrastructure enables instant access to scalable payment systems.

Upsides

Partnership with Slope taps into the growing Buy Now, Pay Later market.

Demand for flexible working capital solutions boosts Marqeta's embedded finance offerings.

Smarter AI models enhance Marqeta's payment processing capabilities.

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