Third Party Risk Management Specialist

4 weeks ago


Lowell, Massachusetts, United States Ultimate Software Full time
About the Role:

The Third Party Risk Analyst will serve as a trusted advisor for internal UKG business stakeholders, identifying, assessing, and mitigating risks related to third-party relationships and services. Risks include information security, privacy, financial, business resiliency, and more.

This role demands an organized, action-oriented team player with the ability to prioritize daily work and support on multiple initiatives simultaneously; strong communication and customer focus is required.

  • Supports the Third-Party Risk Management program, providing support to Business Partners and Procurement department during vendor selection and contract negotiation processes.
  • Identifies risks with prospective services and products and works with Business Partners to factor the risk into the vendor selection process.
  • Works to gain process efficiencies and performs monthly analysis on team metrics.
  • Supports the Third-Party Risk Management team in daily operations.
  • Periodically reassesses Third Parties based on risk and/or a material change in the utilization of that Third Party.
  • Identifies third parties for ongoing monitoring to ensure reviews are performed in a timely manner.
  • Assesses risk associated with third-party partner and vendor relationships, focusing on the third party's ability to demonstrate existence of information security controls, privacy controls and ability to support critical business functions of the company.
  • Advises Business Partners on appropriate implementation of information security and privacy controls for new third-party services, leveraging a combination of these controls and the Third Party's security and privacy programs to maintain UKG's information security and privacy posture.
  • Partners with Procurement and Legal departments during contractual negotiations to provide consultation on security and privacy clauses included in third party agreements.
  • Identifies risks associated with a Third Party and tracks those risks as necessary for future assessment.
  • Administers the company's Vendor Risk Management (VRM) platform which supports the Third-Party Risk program. Responsibilities include access management, configuration changes and report generation.
About You:

We're looking for a highly skilled and experienced Third Party Risk Analyst to join our team. The ideal candidate will have a strong background in third-party risk management, information security governance, enterprise risk, and/or related functions.

  • 3+ years of related work experience in third-party risk, information security governance, enterprise risk, and/or related functions.
  • BS/BA degree in Enterprise Risk Management, Information Security, Computer Information Systems/Management Information Systems or related discipline or equivalent experience.
  • Experience administering Process Unity VRM tool or similar platform.
  • Proficiency in comprehending the dynamics of third-party relationships, including vendors, partners, suppliers, and contractors.
  • Knowledge of the risks associated with external entities that interact with an organization's systems or process confidential information.
  • Ability to assess risks across various dimensions (such as information security, privacy, business continuity, financial, etc.).
  • Understanding of data privacy and cybersecurity regulations (such as GDPR, CCPA, DORA, etc.).
  • Knowledge of business continuity planning and disaster recovery and ability to evaluate third-party capabilities in maintaining business resiliency.
  • Knowledge of security practices in cloud environments (such as data encryption, access controls, and compliance with regulations).
  • Familiarity with Software as a Service (SaaS) and potential risks.
  • Experience with information security management frameworks such as AT101 SOC 2, ISO, ITIL, COBIT, NIST to include development of policies, process, and procedures within the environment.


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