Third-Party Risk Management Senior Analyst

2 weeks ago


Buffalo, United States CareerBuilder Full time

Essential Functions
Work directly with business line relationship managers to gain an understanding of the third-party relationships for a subset of third-party engagement inventory.
Gain expertise of all inherent risk assessment questions and consult Relationship Owners to achieve accurate risk assessment results.
Communicate with internal third-party Relationship Managers to facilitate the completion of inherent and control assessment questionnaires and submission of documentation needed to support the third-party engagement risk assessment. Provide appropriate guidance and advice to Relationship Managers and Third Parties by drawing out useful information, asking appropriate questions, and analyzing feedback.
Facilitate the coordination of the third-party control assessments across network of Risk Domain Experts (e.g., Information Security, Business Resiliency, Compliance, Technology) to support the timely review of third-party controls and determine residual risk.
Monitor and execute TPRM Risk Analyst workflow activities within GRC system.
Consult stakeholders, including Relationship Managers, Risk Domain Experts and Legal, on their required TPRM activities, escalating non-adherence to the TPRM Manager.
Seek out methods and resources for Relationship Managers to monitor third-party performance.
Assist TPRM Manager in the establishment of processes and procedures for Relationship Managers, Risk Domain Experts and Legal, to comply with due diligence and ongoing monitoring requirements.
Ensure third-party documentation is accurate, organized, and complete within Governance, Risk, and Compliance (GRC) platform and maintain documentation and records supporting the completion of third-party risk assessments.
Query and analyze data from the GRC platform and other sources to construct meaningful risk reports that highlight material inherent and residual risks identified in the third-party risk assessments and clearly socialize risks to the corresponding business Relationship Managers, Risk Domain Experts and Legal.
Provide support to Relationship Managers in developing strategies to ensure third-party risks are appropriately managed and mitigated.
Escalate material risks to management timely and effectively to support the development of risk management strategies (e.g., data breach, service failure, bankruptcy).
Monitor and oversee resolution of third-party control deficiencies, identified throughout the TPRM risk assessment process.
Establish a working knowledge of business processes and associated products and services with an understanding of how third-party services are utilized to achieve business goals and objectives. Make recommendations to management regarding operational and organizational process improvements.

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