What are the responsibilities and job description for the Senior Manager, Third Party & Contract Risk position at MGM Resorts International Operations, Inc.?
Las Vegas, Nevada The SHOW comes alive at MGM Resorts International Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests. THE JOB: The Seni0r Risk Manager - Third Party & Contract Risk leads the third-party and contract risk function, ensuring supplier engagements align with corporate policies, risk tolerance, and regulatory expectations. The Senior Risk Manager oversees the development and enforcement of risk frameworks related to insurance, indemnity, and supplier performance, driving enterprise-wide visibility and accountability. The role partners cross-functionally with Legal, Sourcing, ESG, and Compliance to identify risk exposure, ensure due diligence, and support responsible supplier decision-making. THE DAY-TO-DAY: Own and enforce the Third-Party Risk Management (TPRM) Program for Supply Chain, including policy, risk tiering, and exception management. Monitor supplier performance, incidents, and compliance with ongoing risk monitoring protocols. Draft and update enterprise policies and SOPs related to supplier and contract risk. Develop dashboards and risk reports to ensure executive-level visibility and proactive issue resolution. Support audits and regulatory inquiries involving vendor risk governance or contract compliance. Serve as the primary point of contact for escalated risk issues, policy breaches, and mitigation plans. Maintain and govern MGM’s third-party risk classification system and oversight workflows. Oversee contract risk assessments, COI requirements, and resolution of insurance and indemnity gaps in partnership with Legal and Risk Management. Review and approve contracts for insurance, indemnity, and regulatory risk requirements. Facilitate root cause analysis and resolution of third-party risk incidents. Lead quarterly risk reporting and provide summaries to senior management and compliance leaders. Collaborate with category and sourcing teams to embed risk mitigation strategies into procurement processes. Develop and maintain policy documentation, risk assessment templates, and supplier scorecards. Ensure completion of COI tracking, incident escalation, and corrective action implementation. Lead cross-functional risk working sessions with stakeholders from Legal, Compliance, and ESG. Train Business Units on policy expectations and execution of risk assessment and monitoring. Provide training and guidance to internal stakeholders on risk policy adherence, due diligence, and escalation procedures. THE IDEAL CANDIDATE: 7 Years of prior relevant experience in third-party risk management, insurance, compliance, or vendor governance in a large or regulated organization Deep understanding of contract risk, indemnity clauses, and insurance language Experience managing policies and SOPs related to vendor risk and compliance frameworks Familiarity with CLM systems, COI tracking, and audit protocols Strong cross-functional communication and stakeholder engagement skills Bachelor's Degree in Risk Management, Supply Chain, Business Administration, Legal Studies, or a related field - Preferred Master's Degree in a related discipline - Preferred THE PERKS & BENEFITS: Wellness incentive programs to help you stay healthy physically and mentally Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more Free parking on and off shift Health & Income Protection benefits (for eligible employees) Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community VIEW JOB DESCRIPTION: https://mgmresorts.marketpayjobs.com/ShowJob.aspx?EntityID=2&jobcode=12725 Are you ready to JOIN THE SHOW? Apply today! At MGM Resorts, we exist to entertain the human race and provide an unforgettable escape. From delivering excellence for our guests to building and sustaining our communities, you can join our diverse teams of world-class talent and thrive in our collaborative environment. Our iconic MGM Resorts brands offer everyone a wide variety of exciting career opportunities with access to unlimited growth. Be part of a unique world filled with anticipation, entertainment and unparalleled experiences — combined with competitive rewards and exclusive perks. Together, we will use our meaningful relationships to continue to build our authentic culture. We know the importance of respecting each other’s differences. We embrace and leverage our diversity to achieve best-in-class experiences and create stronger ties with our employees, guests, suppliers and community partners. We stay committed to taking strong, principled stands on equality to better unify our world. MGM Resorts International develops, builds and operates unique destination resorts designed to provide a total resort experience, including first-class accommodations and dining, world-class entertainment, state-of-the-art meeting and convention facilities, and high-quality retail and gaming experiences. We know the importance of respecting each other’s differences. We embrace and leverage our diversity to achieve best-in-class experiences and create stronger ties with our employees, guests, suppliers and community partners. We stay committed to taking strong, principled stands on equality to better unify our world. MGM Resorts International believes in providing opportunity for every employee to grow, develop and succeed in a work environment where you can be your best. We encourage you to explore our job opportunities. If you are an individual with a disability and need a reasonable accommodation for any part of the application process, or in order to perform the essential functions of a position, please contact us at talent@mgmresorts.com We are an Equal Opportunity Employer. We are also committed to protecting the privacy of visitors to our employment application site, including the protection of any personal information provided to us. For more information about MGM Resorts International, including our privacy policy and commitment to diversity and inclusion, please visit http://www.mgmresorts.com/careers. For California residents, also see our California Privacy Notice that describes the categories of personal information and sensitive personal information we collect and provides certain details about our processing of that information.