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Third-Party Risk Assessment Specialist

2 months ago

Fort Worth, Texas, United States ScaleneWorks People Solutions LLP Full time

Position Overview:

We are seeking a dedicated Third-Party Risk Assessment Specialist to join our dynamic team at ScaleneWorks People Solutions LLP. This role is essential in ensuring the security and compliance of our vendor relationships.

Key Responsibilities:

  • Conduct thorough evaluations of third-party vendors to identify and assess potential risks.
  • Review contracts, service level agreements (SLAs), and other legal documents to ensure adherence to our risk management policies and regulatory standards.
  • Collaborate with various departments to gather insights and assess overall risk exposure related to vendor partnerships.
  • Engage in discussions with vendors to identify effective risk mitigation strategies and controls.
  • Monitor vendor performance to ensure compliance with contractual obligations.
  • Provide guidance to business units on selecting and managing third-party vendors.
  • Maintain comprehensive documentation of risk assessments and compliance activities.
  • Stay informed on industry trends and regulatory changes affecting third-party risk management.

Decision-Making Authority:

  • Deliver vendor risk assessment findings to IT and business leaders to inform future vendor relationships.
  • Identify and escalate critical risks to senior management.
  • Facilitate discussions with vendors and business owners to develop risk mitigation strategies.
  • Determine the necessary level of ongoing monitoring for each vendor relationship.

Communication:

  • Report to the Manager of Third-Party Risk Management, providing updates on daily operations and activities.
  • Engage with business owners to review risk exposure and communicate vendor risks.
  • Collaborate with Legal and Privacy teams to ensure compliance with relevant laws and regulations.
  • Work alongside IT Vendor Management to align cybersecurity practices with vendor management policies.
  • Coordinate with cybersecurity product teams to support the identification and remediation of gaps in third-party cybersecurity assessments.

Qualifications:

  • Education: Bachelor's degree in computer science, information systems, risk management, or a related field.
  • Experience: 1-3 years in cyber risk management, vendor management, audit, compliance, or information security.
  • Familiarity with regulatory requirements and industry best practices related to third-party risk management.
  • Experience in conducting vendor risk assessments and identifying potential risks.
  • Knowledge of cybersecurity frameworks and regulations.

Preferred Skills:

  • Experience in contract negotiation and vendor management.
  • Familiarity with industry-specific regulations and their cybersecurity requirements.
  • Ability to work independently and collaboratively with cross-functional teams.
  • Strong analytical and problem-solving skills.

We look forward to welcoming a proactive and detail-oriented professional to our team.