Vendor Risk Management Specialist

About this job opportunity Our Vision To be the world's most trusted global payroll partner, simplifying pay for all employees. Our Mission Empowering global workforces with seamless, compliant, and innovative payroll and payment solutions, enabling businesses to thrive in a connected world. Our People Our fundamental beliefs at CloudPay are built on core values of professionalism, passion, empowerment, innovation, and teamwork. We value our employees and strive to create a great workplace where everyone is valued, heard, inspired, and encouraged to bring their authentic selves to work. We're committed to providing an excellent employee experience through fulfilling projects, empowerment to make a difference, and an environment that inspires innovation. What makes this role exciting CloudPay is looking for a highly motivated Vendor Risk Management Specialist to support the rapid expansion of the company. The Vendor Risk Management Specialist is responsible for assessing, monitoring, and mitigating third-party risks associated with vendors, suppliers, and service providers. This role ensures that all vendors meet internal compliance standards and external regulatory requirements, contributing to the overall third-party risk management framework of CloudPay. Main responsibilities Conduct initial and ongoing risk assessments of vendors against information security best practices, data privacy and regulatory compliance requirements. Collaborate with procurement, legal, technology, and business functions to evaluate third-party risks. Maintain and update the vendor risk register and ensure vendor documentation is current and complete. Support the vendor onboarding process by reviewing vendor evaluation questionnaires, due diligence reports, and compliance checks. Monitor vendor performance and compliance with contractual obligations. Conduct periodic virtual and onsite audits of high-risk vendors, compiling findings and associated remediation plans promptly. Collaborate with vendors to monitor remediation plans from audits to closure. Proactively monitor regulatory requirements and adjust vendor risk procedures accordingly. Assist in developing and maintaining policies, procedures, and training related to vendor risk management. Report and escalate significant vendor risks to senior leadership and suggest mitigation strategies. *This role follows hybrid work arrangement with 4x/month RTO in Makati. Work schedule is Monday to Friday, 3PM to 12MN. Experience needed for this role Essential: Sound level of knowledge and experience in vendor risk management Knowledge of regulatory frameworks and risk management methodologies. Strong analytical and project management skills Excellent communication skills to build relationships internally and with vendors Proficiency in risk assessment tools, Microsoft Excel, and GRC platforms. Preferred Internal Auditor ISO/IEC 27001:2022, CISSP, CISM, CRISC, CISA, PCI-DSS certification, or other relevant certifications preferred. Familiarity with IT security terminologies Experience working in a global technology company Experience of working in payroll, payments/ financial services About you and Our core values Taking ownership, working with integrity and respect Being a team player is key to our culture Solution and customer focused Great initiative with the goal for excellence in achieving results Dedicated to developing and always looking for continuous improvements Be creative, be committed, be engaged and enjoy what you do Philippines Package and Benefits Competitive Salary Competitive vacation allowance Calm app Sick Leave EAP Group Life Insurance, HMO Employee Referral Program De Minimis Benefit WFH Allowance Mid-Year Bonus 13th Month Pay Regularization Bonus, 1st Year Anniversary Bonus Bereavement Leave Paid Volunteering days Study Leave Marriage Leave CloudPay is committed to being an equal opportunities employer. #LI-PC #LI-HYBRID The CloudPay culture is built upon on five core values, from which we develop our service, our technology and our business strategies. Our fundamental beliefs are a promise to our employees, customers and partners, built on the core values of professionalism, passion, empowerment, innovation, and teamwork. Glassdoor