Supplier Risk Management Transformation Consultant

Location: McLean, VA

Position Overview
Are you someone who has experience in conducting supplier risk management and due diligence assessments? Do you have a thorough understanding of mitigating supplier risks in the operational, financial, reputational, governance, and regulatory domains? Do you have a clear understanding on inherent risks and residuals risks? Are you familiar with operating and design effectiveness of controls? Do you not only understand or have a passion to learn more about these processes but also demonstrate a track record of making things better through process design and improvement strategies? If you have these skills as well as knowledge of supplier risk management best practices and are interested in rolling-out best-in-class supplier risk management program, then please apply to join Freddie Mac’s growing Enterprise Supply Chain team. You will be an instrumental member of our team, which is dedicated to delivering actionable insights to our business partners and senior level executives across Freddie Mac. The ideal person for this role has a risk management and finance background, thrives in a fast-paced environment, and is driven with a strong analytical mindset to develop creative solutions to solve problems and enhance the organization’s capabilities. This person also is self-motivated, demonstrates strong interpersonal skills, can communicate effectively, is proficient with the project management tools as well as Microsoft Office Suite (Excel, PowerPoint, Word, Visio, SharePoint), and is excited to engage in activities to continuously improve and develop professionally.

Your Work Falls into Three Primary Categories:

Organizational Skills
• Conduct supplier due diligence activities prior to contract award and periodically thereafter to determine specific risks presented by each supplier and conduct necessary investigations after reviewing evaluation results in the financial, reputational, governance, and regulatory risk domains
• Develop summary risk packages by deriving insights from evaluation results, analyzing these metrics to benchmark the results across their respective category, and distilling feedback to extract and summarize the most critical information at an executive summary level
• Evaluate supplier inherent threats and utilize advanced analytical skills to create, review, and evaluate key risk indicators, including historical trends and performance
Communication Skills
• Ability to communicate at all levels of the organization and have excellent ability to encourage, motivate, negotiate, and drive issues to closure
• Strong business writing capability to summary key insights, trends, and provide substantive recommendations that drive better-informed decision making for our stakeholders
• Customer service skills that enable successful outcomes from all perspectives
• Manage challenging stakeholders and suppliers with professionalism
• Empowered to make sound business decisions and ability to influence others to gain better business outcomes
• Strong ability to work with diverse teams and prioritize tasks
Attention to Detail
• Provide insight on transformational topics that help mature the supplier risk management program.
• Lead transformation programs to successfully implement the initiatives on the Third Party Risk Program roadmap
• Able to juggle competing priorities to drive successful outcomes, adapting quickly in an agile environment that’s continuously evolving and changing
• Highly organized to maintain, review, and validate supplier evaluations to provide a holistic picture of the risks posed by engaging 3rd party suppliers
• Effective prioritization by balancing detail with response time to ensure we are meeting both quality and timing commitments
• Create, analyze, and coordinate the reporting of supplier evaluation metrics throughout a supplier’s lifecycle
• BA degree (Business, Finance, or Economics degree); Master's degree or MBA a plus
• 4-6 years of related work experience
• Exceptional interpersonal and communication skills (including listening, written and oral communication), work well in a team environment, able to work in diverse environments, and adhere to highest ethical standards
• Highly organized with focus on execution, problem solving, automation, and improving processes
• Experience with control directives, inherent risk, residual risk, controls monitoring, third party assessments, and program implementation.
• Experience providing detailed analytics and summary reporting of key metrics
• Ability to parse contractual and policy documentation quickly and effectively
• Applies critical thinking and professional judgement to determine supplier risks and appropriate actions to mitigate associated risks
• Capable of analyzing information and building executive dashboards with visualizations that summarize key metrics and insights
• Strong analytical mindset and determined to solve problems by developing creative solutions
• Ability to lead, influence, collaborate, and partner with ESC leaders, business partners, and suppliers to achieve desired business outcomes.
• Able to work in a remote environment, as needed
Keys to Success in this Role
• Familiar with supplier risk management concepts
• Change leadership with experienced track-record in transforming processes
• Ability to work with and collaborate across teams to develop creative ways to improve business outcomes
• Continuous improvement mindset that drives for best-in-class performance with a holistic view of process, technology, and data