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Essential Duties & Responsibilities:
As the Director of Risk Management you will play a vital role in managing and optimizing supplier and operational programs that improve the bottom line and protect the organization in various risk areas. Your responsibilities will include designing, developing and implementing risk strategic policies and procedures to assess, onboard, monitor, and optimize third-party relationships and ensure our supply chain is resilient. You will collaborate with cross-functional teams and stakeholders to drive these improvements, lead the change management, streamline processes, and ensure compliance to enhance financial & business performance.
Third-Party Relationship Management:
Oversee the end-to-end lifecycle of third-party relationships, from initial vendor selection and due diligence to ongoing performance monitoring and evaluation. Establish strong partnerships with vendors, managing contracts, and service level agreements to ensure the organization's needs are met effectively.
Procedures, Policies and Audits:
Ensure third-party risk management practices adhere to company policies and comply with relevant required regulations and standards. Work with cross-functional teams to ensure any issues or findings are addressed timely and then governed. Ensure policies and procedures stay current, accurate and complete.
Performance Monitoring and Evaluation:
Mature and digitalize risk / compliance performance metrics and key performance indicators (KPIs) to measure performance against contractual obligations, service level agreements, risk resiliency, and compliance requirements. Conduct vendor performance reviews, identify areas for improvement, and implement any corrective actions necessary.
• Bachelor's degree in business, risk management, finance, supply chain or a related field (advanced degree preferred).
Experience in risk management, procurement, compliance or supplier governance, with at least 5 years in leadership and 10 years in work experience
• Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.
• Strong knowledge of industry best practices and emerging trends in third-party management, risk resiliency, governance processes, regulatory requirements and ability to work with cross-functional teams to increase resiliency within WD and with WD suppliers.
• Strategic thinker with the ability to build and execute strategic plans and articulate vision to others, including executives.
Skills:
Compensation & Benefits Details
You will be eligible to be considered for bonuses under either Western Digital’s Short Term Incentive Plan (“STI Plan”) or the Sales Incentive Plan (“SIP”) which provides incentive awards based on Company and individual performance, depending on your role and your performance. You may be eligible to participate in our annual Long-Term Incentive (LTI) program, which consists of restricted stock units (RSUs) or cash equivalents, pursuant to the terms of the LTI plan. Please note that not all roles are eligible to participate in the LTI program, and not all roles are eligible for equity under the LTI plan. RSU awards are also available to eligible new hires, subject to Western Digital’s Standard Terms and Conditions for Restricted Stock Unit Awards.
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