Third Party Risk Analyst

As a Third Party Risk Analyst at Experian, your primary responsibilities will include conducting risk assessments, ensuring compliance with the Global Third Party Management Policy, and collaborating with vendor management teams to evaluate third parties. You will also perform oversight activities to mitigate risks and ensure third parties are compliant with necessary regulations like FCRA and GLBA. This role requires a comprehensive understanding of third-party compliance oversight.

To qualify for the Third Party Risk Analyst position at Experian, it is beneficial to have an academic background though a university degree isn’t essential. A minimum of 3 years of experience in Third Party Risk or internal audit is required, along with knowledge of relevant laws and regulations such as FCRA, GLBA, and UDAAP. Understanding risk control frameworks is also crucial for successfully navigating this role.

As a Third Party Risk Analyst at Experian, you can enjoy a range of benefits including medical, life, and dental insurance, paid time off, and an annual performance bonus. You will also have access to an Education Reimbursement program, Flex Work or Work-from-Home options, and numerous wellness initiatives aimed at supporting work/life balance in a truly inclusive environment.

Experian prides itself on a vibrant culture characterized by diversity and inclusion, making it a unique workplace for Third Party Risk Analysts. The company fosters collaboration and innovation while maintaining a strong focus on employee wellbeing, professional development, and recognizing achievements. Experian has received multiple accolades such as being listed among the World's Best Workplaces™ and is committed to enabling every employee to bring their whole self to work.

Experian offers significant support for career development for Third Party Risk Analysts, including access to educational resources and opportunities for continuous learning. The company encourages professional growth through mentorship programs, training sessions, and a strong internal referral program, allowing employees to learn from one another and advance their careers within a global network.

When defining and assessing risk in third-party operations, it’s crucial to evaluate the likelihood of a risk and its potential impact on the organization. Consideration should also include compliance with federal regulations and internal policies. Highlight your analytical skills and experience with risk assessments, and provide examples of how this has been applied or how you would approach it in the Third Party Risk Analyst role.

Discuss your familiarity with key regulatory frameworks relevant to third-party compliance, such as FCRA and GLBA. Provide specific examples from your previous roles that illustrate how you successfully ensured compliance within vendor relationships. Highlight your analytical abilities and any proactive strategies you employed while monitoring compliance or mitigating risks.

Describe any risk assessment tools or methodologies you have utilized, such as risk matrices or compliance checklists. Talk about how you apply these in real-world contexts, along with any enhancements you've made to existing assessment processes. This showcases not only your technical skills but your ability to innovate and improve operations.

When handling non-compliance issues, it’s important to approach the situation with a clear framework for resolution. Explain how you would identify the issue, conduct an investigation, communicate with the vendor, and implement corrective actions. Emphasize the importance of maintaining compliance while also fostering a collaborative relationship with the vendor.

Outline a systematic approach for conducting due diligence, starting from initial vetting processes to ongoing compliance checks. Discuss the importance of thorough background checks, financial evaluations, and adherence to regulatory requirements in your strategy. Underscore how these processes are essential for effective risk management as a Third Party Risk Analyst.

Provide a concrete example of a previous experience where you identified a significant risk, detailing your analytical approach and the steps you took to address it. Explain how your actions prevented potential impacts to your organization and what compliance measures were implemented as a result. This will demonstrate your proactive abilities and successful risk management.

Discuss the methods you use to stay informed about regulatory changes, such as subscribing to industry publications, attending webinars, or being part of professional organizations. Highlight how you integrate this knowledge into your role and ensure third-party compliance, illustrating that you understand the importance of regulatory awareness in risk assessment.

Express your understanding of the key components of Experian's Global Third Party Management Policy and how they apply to risk management. If possible, reference specific guidelines or principles that align with effective oversight in third-party relationships, showing that you've done your homework and are committed to alignment with company standards.

Share an example that illustrates your collaborative problem-solving capabilities. Describe how you worked across different departments, facilitated discussions, and developed strategies to mitigate risks effectively. Highlight the importance of collaboration in understanding the broader impacts of third-party risk on the organization.

Discuss key attributes, such as analytical thinking, attention to detail, strong communication skills, and a thorough understanding of compliance frameworks. Emphasize the need for adaptability and collaborative spirit as these qualities are critical for succeeding in the dynamic environment at Experian as a Third Party Risk Analyst.