Third Party Risk Associate

Job Summary:

The Third Party Risk Associate will support the Third Party Risk Management (TPRM) team in conducting third party due diligence, vetting proposed business partners, and identifying third party related risk for the global enterprise.

In this role, you will use foundational understanding of cybersecurity controls and privacy best practices as it relates to third party partners.

 

The Third Party Risk Associate will partner with the business to understand third party (including technology, professional services, strategic partners, etc.

third parties) use cases and conduct relevant and risk-based due diligence to develop risk assessments.

The Third Party Risk Associate will audit the team’s documentation for compliance with policy and procedures and maintain up to date information within the third-party risk application.

Responsibilities

Essential Functions:


* Use a risk-based approach when evaluating third parties


* With leader support, be able to articulate and explain third party’s potential risk to business stakeholders


* Communicate effectively identified risks and escalate as necessary


* Complete annual reviews based on the risk assessment findings and the risk matrix


* Escalate changes in use case to leader to determine if any additional due diligence is required


* Build relationships with strategic partners and Subject Matter Experts


* Audit the TPRM process and refine the process based on feedback from partners


* Manage the annual review report


* Track risks and remediations through the Risk Register


* Ability to understand third party risk terms as it relates to Cybersecurity, Privacy, and AI


* Complete compliance/sanction screenings for customer and client requests


* Provide a description of risks to customers that is easily digestible and impactful


* Create SOPs to document TPRM processes

Qualifications

Minimum Education and/or Experience:


* Bachelor’s degree in Business Administration, Management, Risk, IT, Cybersecurity, Procurement, or related field


* 0-3 years of work experience

Skills/Abilities:


* Must have excellent verbal and written communication skills


* Ability to issue spot real time


* Interpersonal skills


* Must be highly organized and detail oriented


* MS Office and Excel experience


* Analytical and problem solving skills


* Continuous drive towards process improvement and efficiency


* Must have intellectual curiosity

Benefits Overview:

Benefits are subject to change and may be subject to specific elections, plan, or program terms.  This role is eligible for the following:


* Medical, dental & vision


* Hospital plans


* 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available


* Life Insurance (Company paid Basic Life and AD&D as well as voluntary Life & AD&D for the employee and dependents)


* Company paid Short and long-term disability
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