Job Title: Vendor Risk Senior Professional Location: OH - Columbus What you'll do: The major focus of the 3rd Party Management program is to ensure our external providers are performing to the same high standards that Western Alliance Bank holds itself accountable to including client service, quality, control, regulatory compliance, business resiliency and protection of information. This role will be responsible for supporting the 3rd Party Management program for a portfolio of Services providers supporting select business functions - e.g., Technology, Lending, Banking, Corporate Functions. This professional will be responsible for the full 3rd party lifecycle including risk assessment, due diligence and ongoing monitoring. This professional will also be responsible for managing select 3rd party relationships with a particular focus on Critical / High Risk relationships. This individual will partner with service requestors within the Business, the second line 3rd party risk management program, and other key stakeholders to ensure that the management of risk are effectively identified, monitored, and mitigated to achieve business objectives. This role will also include understanding and dissemination of regulatory requirements and reporting to key internal stakeholders. Additionally, this professional will situationally support vendor selection activities in partnership with service requestors. This includes a formal strategic sourcing methodology and engagement with the marketplace for Requests for Information (RFI), Requests for Proposal (RFP), and Requests for Quote (RFQ) in accordance with company procedures. What we are looking for: What you will do: Third-Party Portfolio Management: Adhere to 3rd Party Risk Management guidelines through the execution of policies and procedures throughout the lifecycle of a third-party vendor relationships. Ensure strong oversight of vendor risks and provide insight on existing and potential risks. Provide initial and on-going due diligence review on third party vendors to ensure risk are identified and applicable standards. Third-Party Supplier QBR and Scorecard: Conduct Quarterly Business Reviews and ensure scorecards are structured to allow proper oversight and monitoring of the third party that commensurate with the level of risk and complexity of the relationship. Partners with Business Units and Vendor partners on corrective action or remediation efforts including Performance Improvement Plans. General Sourcing and Negotiations: Develop and bring best practices into the RFP process. Host RFP events such as serviceproduct demonstrations, question-answer sessions, elimination round conversations, and contract award scenarios. Facilitate contract review and negotiation between the Supplier, Business Sponsors, and Legal. Redline general business terms for SLA performance, pricing, discounts, risk of loss, and payment. Mentor-Leader: As an experienced individual contributor provide mentorship, education, and guidance on best practice approaches with other levels on the team. Be comfortable in a highly visible role and a proponent of challenge or change. Partner with Business Sponsors and Key Stakeholders: Assist line of business (LOB) supplier sponsors. Provide advisory services around selection and negotiation strategies. Provide spend intelligence and optimization opportunities within a sub-set of suppliers or categories of spend. Help the LOB define periodic business review objectives, and performance scorecards to guide such business reviews. Act as a primary liaison with Supplier Account Teams, VMS Risk Assessment, Project Management, Legal and Finance. Assist in budgetary costing for proposed business cases. Perform other duties as assigned, including assisting with regulatory compliance risk assessments and related infrastructure enhancements What you will need: Bachelor's degree in Supply Chain, Busi