What are the responsibilities and job description for the Vendor Risk Assessment Coordinator position at ProSearch?
Are you passionate about risk management and ready to play a critical role in protecting a fast-growing Portland firm? We are currently seeking a contract to hire Vendor Risk Assessment Coordinator for one of our growing FinTech clients in Southern Maine.
This individual will be responsible for managing and coordinating the risk evaluation process for third-party vendors, suppliers, and service providers. This role ensures vendors meet the organization’s security, compliance, operational, and financial standards. The coordinator will act as the liaison between internal stakeholders (procurement, legal, compliance, IT security, and business units) and vendors to identify, assess, and mitigate potential risks.
Responsibilities:
- Vendor Risk Management
- Conduct initial and ongoing risk assessments of vendors.
- Review vendor security, compliance, financial stability, and operational controls.
- Maintain a centralized and up to date vendor risk management database and documentation.
- Due Diligence & Compliance
- Coordinate vendor due diligence activities, including questionnaires, audits, and certifications.
- Ensure vendors comply with regulatory requirements
- Track and monitor vendor performance
- Stakeholder Coordination
- Work closely with procurement, legal, IT security, and compliance teams to align vendor risk management with business needs.
- Create and share reporting to stakeholders and assist in developing mitigation plans.
- Support contract reviews by highlighting vendor risk considerations.
- Monitoring & Reporting
- Maintain records of vendor risk assessments and remediation activities.
- Prepare regular reports and dashboards for leadership on vendor risk posture.
- Escalate high-risk vendors and issues requiring senior management review.
Qualifications
- Education: Bachelor’s degree
- Experience: 2–4 years in vendor management, risk management, risk assessment, compliance, procurement, or a related field.
- Skills & Competencies:
- Knowledge of third-party risk management frameworks and methodologies.
- Familiarity with regulatory standards and compliance requirements.
- Strong analytical, organizational, and documentation skills.
- Excellent communication and stakeholder management abilities.
- Proficiency with GoogleSuite (GoogleSheets)
Preferred Qualifications
- Experience with MS Excel
- Prior experience with Coupa
Key Competencies
- Detail-oriented and methodical approach to risk assessment.
- Ability to manage multiple deadlines simultaneously.
- Strong problem-solving and critical-thinking skills.
- Collaborative mindset with ability to influence across departments.
This position is a contract to hire role. Training will be 4-5 days onsite in Portland and then will require 1- 2 days onsite in Portland. Monday-Friday, 8-5. $32-36 /hr, depending on experience. This is a great opportunity for a candidate looking to expand their risk experience!
Job Type: Temporary
Pay: $32.00 - $36.00 per hour
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
Ability to Commute:
- Portland, ME 04101 (Required)
Work Location: Hybrid remote in Portland, ME 04101
Salary : $32 - $36