Vendor Risk Management Officer

Ayala Avenue, Makati, Philippines | Full-time

A bit about the role

Avaloq has created a centralized Global Vendor Risk Management (VRM) unit in order to identify, evaluate, manage and mitigate risks associated with our third parties across various risk areas.

The Vendor Risk Manager will work closely with other members of the VRM team to organize and execute the TP risk assessment process. In addition to working with established processes, a key outcome for this position will be to gain a broad understanding of Avaloq’s supplier base, with a view to developing into the position into that of a professional risk analyst capable of conducting supplier risk reviews independently and efficiently.

In general, he/she is responsible for the collection, analysis and reporting operational data and risk metrics in support of the VRM unit and its business unit partners. This professional will gather sufficient strategic, technical and operational information from internal business units and external third party to ultimately understand and communicate the current risks, business challenges and issues. In addition, this professional will gather due diligence on selected vendors and prepare reports on Third Party activities to all participants.

The Vendor Risk Manager will be also in charge of contributing to the maintenance and continuous improvement of the global VRM framework.

Your key tasks

  • Organize the execution of yearly and on demand Vendor Risk Assessment activities.
  • Plan, organize and follow up of the annual execution.
  • Create the report for management and relevant committees as a result of VRA campaigns.
  • Monitor to significant events and risks related to third parties
  • Perform risk-based due diligence on Avaloq’s third parties to address potential vulnerabilities across various risk areas: Cyber Security, Data Privacy, Financial Health, Business Continuity, Disaster Recovery, Operational Risk, Reputational Risk, among others. Moreover, on-site visits or telephone interviews can be performed on key vendors.
  • Work with stakeholders in the various Business risk areas to complete assessments and execute remediation plans where applicable. Establishing relationships with vendors to implement good collaboration.
  • Collect, develop and analyze Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs).
  • Collect data and provide quantitative analysis of current state, new objectives, supporting metrics and measures, and contribute to proposed solutions.
  • Maintain and expand Third Party Risk Management framework.
  • Improve reporting on TPM risk events
  • Collaborate internally with various stakeholders (Partner management, Procurement, Risk, Data Privacy, Security, Business Continuity

A bit about you

  • University Degree in Economics, Engineering, Information Technology or equivalent subjects
  • 5+ years of work experience in Risk Management or Procurement area in a bank, financial institution, or consulting company, preferably with a focus on governance and risk management
  • Strong problem solving, organizational and time management skills. IT and MS Office suite skills are strongly recommended
  • Demonstrates the ability to influence others through strong written and verbal communication, maintaining cooperative relationships at all levels of the organization, despite differing perspectives

It would be a real bonus if you have

  • Risk Management/Information Security certifications
  • Any GRC tool experience or certification
  • Knowledge in Power BI
  • Experience with internal control frameworks
  • PMP certification

Additional information

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices.
In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self.
We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way.
Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.


Annual bonus

At Avaloq we work hard to remain an industry leading provider and we love to reward our colleagues with a share of that success with an annual bonus, you will even remain eligible for annual bonus while you do the hardest job of your life – taking care of your children during parental leave.

Flexible working

We understand that fitting your life around your job can be challenging which is why in most roles we offer flexible working to allow you to thrive both in and out of work.

Instant recognition

We love to see people thriving in their roles and we have an instant recognition scheme at Avaloq to help managers reward the great work our colleagues deliver with a gift to say thanks.

Access to Udemy for professional and personal learning

We think it is important to learn and grow professionally, but if you are someone who likes to learn outside of work we give you access to online learning for both professional and personal learning, with over 210,000 courses to choose from.

A bit about us

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 10 countries, and more than 160 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues.

We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.

Ready to take your career to the next level?

I'm interested