Senior Manager, Third Party & Contract Risk
Core
Leads the third-party and contract risk function, ensuring supplier engagements align with corporate policies, risk tolerance, and regulatory expectations.
Role type
Senior Manager, Third-Party & Contract Risk
Builds
Enterprise-wide visibility and accountability for supplier risk and contract compliance
Domain
Hospitality / Risk Management & Compliance
Deliverable
dashboards & analysis
Required skills
Third-party risk management, contract risk, indemnity clauses, insurance language, policy and SOP development, risk tiering, exception management, audit protocols, CLM systems, COI tracking, stakeholder engagement
Preferred skills
Master's degree in related discipline
Technologies
CLM systems
Responsibilities
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.
Seniority
Senior, hands-on IC with leadership responsibilities
