Lokesh Devarajan
Vendor Management Associate
Chennai
Summary
Results-driven Senior Specialist with extensive experience in third-party risk management, supplier onboarding, and operational risk analysis. Proven ability to manage high-stakes risk monitoring processes, ensuring compliance and process efficiency. Adept at identifying and mitigating risks while delivering superior service to corporate and financial sector clients. Seeking a challenging role where I can leverage my expertise in risk management and process optimization to drive business success.
Overview
13
13
years of professional experience
4
4
Certifications
Work History
Vendor Management Associate
Deutsche Bank Group
12.2024 - Current
- Ultimately, I am responsible for the risks associated with the service received.
- Acted as the primary contact point and managed the service provider relationship.
- Handling inherent risk questionnaires, which involve several risk domains such as information security risk, compliance risk, operational risk, BCP risk, reputational risk, financial crime risk, and strategic risk.
- Performed multiple risk assessments and due diligence on service provider entities, guided by the central TPRM team.
- Ensuring all the regulatory requirements are met by both service providers and consumers.
- Continuously monitored service provider performance and compliance with contractual and policy requirements.
- Ensured contractual compliance and adherence to industry regulatory standards.
- Ensure that risk assessments need to be completed before signing the contract, in accordance with the VRM policy.
- Collaborated with internal and external stakeholders to assess and mitigate vendor-related risks.
- Handing the Service Governance Meeting with the vendor and stakeholders on required frequencies.
Senior Analyst
TransUnion
05.2022 - 12.2024
- Handling IT & Non-IT Procurement and making sure to place the orders
- Frequently work with vendors & Stakeholders for contract and pricing negotiations
- Dealing with negotiation with suppliers frequently based on the requirements of the stakeholders.
- Ensure to obtain supporting documents like MNDA, Master agreement, Statement of Work, Quotation or any other legal agreement for review and signature.
- Ensure risk assessments need to be completed before signing the contract in accordance with the VRM policy.
- Will create a contract and make sure it has been reviewed and executed.
- Using DocuSign tool and coordinate with onsite contract manager &vendor to sign the contract within TAT.
- Mediated between vendors and the accounts payable team to quickly resolve in correct invoicing.
- TransUnion is an American consumer credit reporting agency across globally.
Business Support Consultant
Wells Fargo
01.2020 - 01.2022
- Collaborated with Legal, Compliance, Security, IT, and Finance teams for third-party risk considerations
- Conducted third-party risk assessments and recommended remediation
- Managed Inherent Risk Questionnaires across multiple risk domains
- Scheduled calls with Engagement Managers and Business users for assessments
- Handled risk acceptance and mitigation for high-risk ratings
- Performed independent quality checks on IRQs
- Coordinated engagement exit activities per TPR policy
- Managed performance metrics and scheduled business review meetings with vendors
Subject Matter Expert
Accenture
01.2016 - 01.2020
- Placing the orders through Coupa system.
- Coordinate the smooth flow of goods and services and worked on the AP related queries.
- Follow up and communicate with supplier till the Purchase Order is issued to completion.
- Auditing the PO's based on the buyer to make 100% accuracy.
- Based on the compliance questions answered by the requester in PR, need to work with the, Legal, Compliance, security, IT, and finance to ensure consideration of third-party risk within their own risk domain framework
- Performs third party risk assessments, identifies issues and/or control gaps, and recommends remediation initiatives.
- Assist in the reporting of vendor risk management activities and maintaining the standard operating procedures (SOPs)
- Using DocuSign tool and coordinate with onsite contract manager &vendor to sign the contract within TAT.
- Working with vendors to register in the supplier portal which avoid the duplication of orders/invoices.
- Performing regular quality audit and maintaining the Internal error log to ensure that client deliverables with 100% quality.
- Accenture is a global professional services company with leading capabilities in digital, cloud and security.
- Silicon Valley Bank is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group.
- Project Name: Silicon Valley Bank
Senior Office
Wipro
01.2013 - 01.2016
- Issued Purchase Order (PO) to suppliers who are in the Commodity List based on customer requests.
- Will work with vendor and stakeholders for order status and delivery related queries
- Maintaining and updating the BPA catalog for Non-IT and ICC for IT products.
- As workload manager analyzing the inflow volume of requisitions and assigned to the team of 40 members.
- Handled all the Procurement and Accounts payable related quires.
- Wipro Limited is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies.
- Boeing is now ranked as the second-largest aerospace and defense manufacturer company in the world.
- Project Name: The Boeing Company
Education
Bachelor of Science - Computer Application
Madras University
Chennai, India 04.2001 -
Skills
Third Party Risk Management (TPRM)
Vendor Screening & Onboarding
Contract Review/Drafting/Execution
DocuSign CLM
IT & Non IT Procurement
Strategic Sourcing & Negotiation
Coupa
SAP Material Management (MM)
Certification
SAP Material Management (MM module)
Strength
- Vision: Always making sure there are clearly set aims & that the team is on the right track.
- Influence: Able to establish influence over the team when needed and drive it toward success.
Timeline
Vendor Management Associate
Deutsche Bank Group
12.2024 - Current
Senior Analyst
TransUnion
05.2022 - 12.2024
Business Support Consultant
Wells Fargo
01.2020 - 01.2022
Subject Matter Expert
Accenture
01.2016 - 01.2020
Senior Office
Wipro
01.2013 - 01.2016
Bachelor of Science - Computer Application
Madras University
04.2001 -