Third party risk analyst

Overview :The Third Party Risk Management Analyst will support efforts to assess and mitigate third-party risk by supporting and performing the Supplier Due Diligence process within Global Procurement & Third Party Management.This role will help to enhance supplier due diligence processes, manage operational aspects of established due diligence processes and perform other third party risk related functions as needed.Responsibilities :• Performs third-party risk evaluations and supplier due diligence processes through our enterprise risk assessment tool• Researches and consults with internal experts to understand and document risks identified through risk evaluations and due diligence processes• Analyzes and anticipates market trends regarding commercially available supplier due diligence and risk tools and systems• Supports and creates third party risk reporting and key risk metrics, and assists with coordinating and communicating third-party risk results and reports to stakeholders to inform business decisions• Serves as an initial reviewer and checkpoint of basic contractual risk compliance with the line of business• Develops business intelligence dashboards or templates for due diligence activities to inform decision-making and facilitate risk monitoring among categories of suppliers• Maintains and monitors third-party profiles and risk workspaces within our third party risk tool• Identifies and communicates third-party risks to business owners and other stakeholders during the Sourcing process and Category planning Participates in special projects and assessments pertaining to third-party risk and due diligence• Escalates issues or risks internally when appropriate• Partners with stakeholders, matrix partners, and other subject matter experts to continuously improve our third party risk processes• Analyze financial health of companies as needed during the risk diligence process• Maintains and promotes TPRM related policies, SOPs, and procedures and communicates changes to these documents effectively to the larger procurement or stakeholder community• Recommends changes and improvements as needed to sourcing and vendor management processes across procurement that may improve third party risk mitigationQualifications :• Knowledge of third-party risk management, due diligence, and KYS (Know your Supplier) concepts, TPRM best practices and related industry best practices• Ability to comprehend third-party financial statements and interpret their meaning or risk for internal stakeholders• Identify markers within an organization that contribute to increased financial or other risk• Demonstrate basic project management and documentation skills to manage multiple parallel workstreams• Ability to compile reports, summaries, and presentations to communicate findings to key stakeholders within the business• Strong analytical abilities and critical thinking skills• Experience working with D&B Data and Insights ideal• College degree in Third Party Risk, Finance, Accounting, or Supply Chain Management preferredLast updated : 2024-11-14