Third Party Risk Management Senior Analyst
4 weeks ago
Overview:
This is a Third Party Risk Management Senior Analyst role, reporting do Lead of TPRM.
Responsibilities:Program Development and Implementation
- Work with the Lead of TPRM on developing and implementing a robust global third-party risk management program
- Partner with stakeholders and subject matter experts to build strong relationships and effective third-party risk management processes
- Gather a full inventory of third parties and work on remediation and participate in change management process and data clean up
- Assist in identifying and evaluating risk areas across the firm's operational activities and contribute to the development of processes and controls to mitigate such risks.
Program Governance and Execution
- Manage day-to-day third-party risk management process
- Review and challenge Inherent Risk Questionnaire responses
- Validate Due Diligence Assessments along with Due Diligence artifacts for accuracy and completeness
- Conduct ongoing monitoring of third parties
- Participate in third party performance management process
- Ensure terminations are executed in line with the process
- Provide regular reporting and status updates on third-party risk program, ensuring transparency and accountability at all levels of the organization.
- Manage an inventory of third parties and fourth parties, ensuring compliance with internal policies and regulatory requirements.
Qualifications:
Required Qualifications
- Strong understanding of regulatory requirements and industry best practices related to third-party/vendor risk management on global level.
- Experience in developing and implementing a robust Third-Party Risk Management program
- Knowledge of developing policies, procedures, guides for assessors and relationship managers
- Experience with Contract Management and reviews
- Proficiency in Microsoft Office Suite (Word, Advanced Excel, PowerPoint) and experience with third party/vendor risk management platforms
Skills and Requirements
- Bachelors degree
- 2-5 years of experience in third party / vendor risk management, preferably in financial services
- Experience working with and managing teams of high-performing individuals in fast paced environment
- Strong written, verbal, and oral communication skills
- Ability to work cross functionally and influence others
- Strong process and project management skills
- Proficiency to work independently with minimal supervision and manage multiple priorities in a fast-paced environment.
- Ability to adjust positively to quick-changing priorities and shifting goals
- Ability to travel approximately 20%, including internationally
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