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Third Party Risk Management Analyst

Job ID: 25-08413
Job Title: Third Party Risk Management Analyst
Location: Preferred location: Lehi, UT. Also open for remote within US. (MST,PST,EST)
Duration: 7 months
Contract Type: W2 only
Pay Rate: $95.07/Hour
 
Job Duties:
  • Conduct risk reviews and identify potential vulnerabilities across a variety of risk domains for client’s third-party ecosystem
  • Assist in project delivery of the TPRM module within Global Source to Pay transformation effort, including organizing the TPRM requirements, design & test the future state workflows
  • Assist with the offboarding of client’s third parties no longer in use
  • Support the risk acceptance/mitigation governance process
  • Monitor the completion of risk mitigation activities by vendors and business owners
  • Own and manage various actions and task queues that will result from risk management and mitigation activities
  • Perform quality control & audit checks over TPRM program and third party or business owner responses
  • Provide inputs to help optimize risk review and due diligence processes to enable efficiency and scale operations
  • Seek opportunities to improve knowledge, skills, and performance by reviewing knowledge base content, practicing skills and being receptive to coaching and constructive feedback
  • Perform ad-hoc project-based work, including reporting and analyses as the need arises
 
Required Skills:
Business Insight and Analysis:
  • Familiarity with TPRM and governance concepts
  • Ability to serve as a change agent for the TPRM function across the organization
  • Ability to analyze large datasets and uncover insights that lead to process improvements
  • Ability to prioritize without oversight and to structure and deliver business optimization projects
 
Problem Solving Skills:
  • Demonstrate ‘critical thinking’: i.e. to analyze complex risk management issues, make decisions and solve problem self-sufficiently without management oversight
  • Passionate about rapid value creation through quick wins and long-term balanced value creation.
  • A strong change manager with the tenacity to follow through to closure
 
Communication Skills:
  • Being a good communicator is essential to the role as we look to paint exciting visuals for overall project designs and operating models to influence partners and leadership. As such having good interpersonal relationship skills, with an ability to influence a broad organization is key. Being able to deal with ambiguity and work on your own initiative is a key success factor in this role.
 
Education:
  • Bachelor’s degree in business, finance or related field; master’s degree is a plus
  • Minimum of 2-5 years’ experience in audit, risk management or compliance
  • Experience conducting audits, compliance or risk assessments, including ongoing monitoring of risk mitigation plans
  • Understanding of risk principles, concepts, and best practices, including risk assessment methodologies and reporting processes
  • Familiarity with third party risk management lifecycle
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