Analyst - Third Party Risk Management - job 4 of 19

As the Analyst - Third Party Risk Management at Visa, your main responsibilities will include conducting comprehensive third-party risk assessments, supporting change management initiatives, and facilitating the onboarding of supplier portfolios for acquired entities. You will work collaboratively with various stakeholders to navigate the third-party risk assessment process and regularly report on supplier risk profiles. Your goal is to ensure effective risk management and compliance with regulatory standards, making your role pivotal in maintaining Visa's reputation.

To excel as an Analyst - Third Party Risk Management at Visa, strong analytical skills are essential, along with experience in third-party risk assessment. Candidates should possess strategic thinking capabilities, problem-solving skills, and effective communication and negotiation abilities. Leadership and team management experience are also valuable, as you will be collaborating closely with various internal stakeholders to drive change and improve practices within the organization.

While specific educational requirements can vary, a degree in finance, business, or a related field is typically preferred for the Analyst - Third Party Risk Management position at Visa. Additionally, prior experience in risk management, compliance, or related analytical roles is highly advantageous. Familiarity with project management principles and third-party risk frameworks is also beneficial to thrive in this role.

In the Analyst - Third Party Risk Management position at Visa, you'll experience a hybrid work model, which means that you'll be expected to work both remotely and in the office. The specifics of your in-office days will be communicated by your Hiring Manager. This flexible arrangement allows for a balanced work-life dynamic while still enabling you to collaborate closely with your team and stakeholders.

The Analyst - Third Party Risk Management role at Visa opens the door to numerous growth opportunities within the company. By honing your skills in risk assessment and compliance, you'll be well-equipped to advance into senior analyst positions or management roles. Visa values continuous improvement and offers pathways for professional development, training, mentorship, and the chance to take on more complex projects as you progress in your career.

When asked about the third-party risk assessment process, you should describe the phases you would take, including initial identification of third parties, risk evaluation, and determining necessary controls. Highlight your experience with stakeholder collaboration, data analysis, and reporting key metrics, providing a clear picture of your structured approach to risk management.

In a fast-paced environment, prioritizing assessments can be achieved by evaluating the risk levels and urgency of each case. Discuss your ability to triage assessments based on these factors, along with effective time management techniques and communication skills that will ensure timely completion of high-priority tasks while keeping stakeholders informed.

When answering this question, you may want to discuss specific change management strategies, such as training sessions, stakeholder engagement, and clear communication of benefits. Reflecting on your past experiences of driving change within teams, outlining specific examples will demonstrate your capability to lead successful initiatives.

Ensure to highlight your understanding of relevant regulations and compliance frameworks pertinent to third-party risk management. Discuss any tools or methodologies you utilize to ensure adherence to these standards, as well as your experience in maintaining documentation and conducting audits to validate compliance throughout the assessment process.

For this question, share a specific example that illustrates your analytical skills and problem-solving abilities. Discuss the challenging aspects of the assessment, the actions you took to overcome obstacles, and the successful outcomes achieved. This response showcases your capability to handle complex situations effectively.

Effective communication is crucial during assessments. Provide examples of methods you use to keep stakeholders informed, such as regular updates, meetings, and collaborative workshops. Emphasize your adaptability in communication styles to meet stakeholder preferences and enhance cooperation.

Emphasize that analytical thinking is fundamental as an Analyst - Third Party Risk Management. Discuss how you use analytical tools and data interpretation to identify risk factors, assess supplier profiles, and make informed decisions. Illustrate this by sharing a scenario where your analytical skills led to a significant discovery or improvement.

Handling disagreements requires diplomacy and effective communication. Discuss your approach to resolving conflicts, such as active listening, addressing concerns directly, and working collaboratively to find common ground. This shows your teamwork skills and your ability to foster a positive working environment.

Share your passion for risk management and why you find third-party risk assessments important for organizational success. Discuss how your values align with Visa’s goals and how you want to contribute to maintaining a secure and compliant business environment. This underscores your commitment to the role.

Discuss your career aspirations within Visa and how you see the Analyst role helping you achieve these goals. Express your interest in not only becoming an expert in third-party risk management but also taking on additional responsibilities or leadership positions to contribute to Visa’s mission in the future.