Senior Manager, Third Party & Contract Risk

MGM ResortsLas Vegas, Nevada

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Overview

Schedule

Full-time

Career level

Director

Remote

On-site

Benefits

Health Insurance

Disability Insurance

Paid Community Service Time

Job Description

Las Vegas, Nevada

The SHOW comes alive at MGM Resorts International

Have you ever wondered what it would be like to work in a place full of excitement, diversity, and entertainment? Are you enthusiastic about being a team player in one of the most fascinating industries in the world? At MGM Resorts, we seek individuals like YOU to create unique and show-stopping experiences for our guests.

THE JOB:

The Seni0r Risk Manager- Third Party & Contract Risk leads the third-party and contract risk function, ensuring supplier engagements align with corporate policies, risk tolerance, and regulatory expectations. The Senior Risk Manager oversees the development and enforcement of risk frameworks related to insurance, indemnity, and supplier performance, driving enterprise-wide visibility and accountability. The role partners cross-functionally with Legal, Sourcing, ESG, and Compliance to identify risk exposure, ensure due diligence, and support responsible supplier decision-making.THE DAY-TO-DAY:

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. Provide training and guidance to internal stakeholders on risk policy adherence, due diligence, and escalation procedures.

THE IDEAL CANDIDATE:

7+ Years of prior relevant experience in third-party risk management, insurance, compliance, or vendor governance in a large or regulated organization
Deep understanding of contract risk, indemnity clauses, and insurance language
Experience managing policies and SOPs related to vendor risk and compliance frameworks
Familiarity with CLM systems, COI tracking, and audit protocols
Strong cross-functional communication and stakeholder engagement skills
Bachelor's Degree in Risk Management, Supply Chain, Business Administration, Legal Studies, or a related field- Preferred
Master's Degree in a related discipline- Preferred

THE PERKS & BENEFITS:

Wellness incentive programs to help you stay healthy physically and mentally
Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more
Free parking on and off shift
Health & Income Protection benefits (for eligible employees)
Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community

VIEW JOB DESCRIPTION:

https://mgmresorts.marketpayjobs.com/ShowJob.aspx?EntityID=2&jobcode=12725

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FAQs About Senior Manager, Third Party & Contract Risk Jobs at MGM Resorts

What is the work location for this position at MGM Resorts?

This job at MGM Resorts is located in Las Vegas, Nevada, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at MGM Resorts?

Employer has not shared pay details for this role.

What employment applies to this position at MGM Resorts?

MGM Resorts lists this role as a Full-time position.

What experience level is required for this role at MGM Resorts?

MGM Resorts is looking for a candidate with "Director" experience level.

What benefits are offered by MGM Resorts for this role?

MGM Resorts offers following benefits: Health Insurance, Disability Insurance, Paid Community Service Time, Career Development, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at MGM Resorts?

You can apply for this role at MGM Resorts either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.