Analyst - Third Party Risk Management - job 10 of 19

As an Analyst in Third Party Risk Management at Visa, your key responsibilities will include conducting end-to-end third-party risk assessments, collaborating with internal stakeholders, and reporting on supplier risk profiles. You'll also support change management initiatives and train stakeholders on new processes to ensure the seamless onboarding of suppliers from acquired entities.

To be considered for the Analyst - Third Party Risk Management role at Visa, candidates should have experience in third-party risk assessments, strong leadership and communication skills, and a strategic mindset. Additionally, qualifications in analytical thinking and project management would be beneficial in excel in this role.

In the Analyst - Third Party Risk Management role at Visa, you’ll drive key organizational change initiatives designed to enhance third-party risk management practices. By developing change management strategies and providing training to stakeholders, you'll facilitate the successful adoption of new technologies and processes.

Critical skills for an Analyst - Third Party Risk Management position at Visa include strong analytical abilities, strategic thinking, excellent communication and negotiation skills, and effective project management proficiency. These competencies will enable you to execute third-party assessments and drive impactful changes.

The Analyst - Third Party Risk Management position at Visa is a hybrid role, meaning you will have the flexibility of remote work combined with in-office days. The specifics of your in-office schedule will be confirmed by your Hiring Manager.

When answering this question, highlight specific examples of third-party risk assessments you've conducted. Discuss the methodologies you used, any challenges faced, and how you ensured compliance throughout the process.

To answer this, demonstrate your organizational skills. Discuss the methods you use to prioritize tasks, such as using project management tools, assessing impact versus urgency, and how you communicate with stakeholders during busy periods.

When responding, focus on your experience with change management strategies. Mention specific techniques you've used, such as stakeholder engagement, training sessions, and feedback loops to ensure successful implementation.

Share your understanding of relevant regulations and how you've integrated compliance checks into your assessment processes. Discuss your method for keeping abreast of changing regulations and the importance of aligning assessments accordingly.

For this question, come prepared with a concrete example. Explain the situation, the risk identified, the actions you took to address it, and the outcome of your mitigation efforts to showcase your problem-solving capability.

Emphasize the importance of clear, concise communication with stakeholders throughout the risk management process. Share examples of how effective communication has helped in aligning objectives and facilitating smooth assessments.

Discuss how you measure outcomes and performance metrics. Talk about regular review processes, feedback from stakeholders, and adapting strategies based on past performance to continuously improve.

This is an opportunity to demonstrate your industry knowledge. Mention current trends like increasing regulatory scrutiny or evolving supplier landscapes, and how they impact third-party risk management, showing your awareness of the broader context.

Explain your approach to stakeholder engagement, outlining the importance of regular updates, transparency in communication, and building trust. Discuss how these relationships help you gather information and facilitate smoother assessments.

Mention any relevant tools you have experience with, such as risk assessment software, project management platforms, or data analytics tools. Explain how these technologies enhance your efficiency and the quality of risk assessments.