Analyst - Third Party Risk Management - job 3 of 19

As an Analyst - Third Party Risk Management at Visa, your main responsibilities will include executing end-to-end third-party risk assessments, collaborating with internal stakeholders, and reporting supplier risk profiles. You'll also drive change management initiatives and support the onboarding of supplier portfolios for their acquired entities, ensuring that all processes meet compliance expectations.

To qualify for the Analyst - Third Party Risk Management role at Visa, candidates should have experience in third-party risk assessment, strong analytical and project management skills, and proficient communication abilities. Strategic thinking and problem-solving competencies are vital, along with experience in stakeholder collaboration and training.

The Analyst - Third Party Risk Management position at Visa plays a crucial role in ensuring compliance by validating supplier arrangements, executing risk assessments, and maintaining regulatory standards based on the location of acquired entities. Your insights will help develop strategies that enhance compliance across the organization.

In the Analyst - Third Party Risk Management role at Visa, you will be responsible for driving organizational change initiatives aimed at improving risk management practices. This includes developing and executing change management strategies and providing training to stakeholders to ease the transition to new processes and technologies.

The work environment for an Analyst - Third Party Risk Management at Visa is hybrid, allowing for collaboration both in the office and remotely. This flexibility supports a dynamic teamwork atmosphere where you will regularly interact with various internal stakeholders while engaging in key risk management practices.

When answering this question, focus on specific examples from your previous roles where you conducted third-party risk assessments. Highlight the methodologies you used and the outcomes achieved, as well as how you collaborated with teams to ensure effective analysis.

Demonstrate your ability to design and deliver tailored training sessions by outlining how you would assess the training needs of different stakeholders and create materials that are engaging and informative. Providing examples of past successful training sessions can strengthen your response.

Use the STAR method (Situation, Task, Action, Result) to detail a specific instance where you led a change initiative. Explain the challenges you faced, how you approached the change management process, and what the outcomes were, emphasizing your strategic thinking skills.

Discuss your approach to communication, emphasizing active listening, clarity, and responsiveness. Share specific methods you use to keep stakeholders informed and engaged, as well as how you adapt your communication style to different audiences.

Explain your process for prioritizing tasks based on urgency and impact, and how you communicate with stakeholders to manage expectations. Providing a real-life example where you effectively navigated conflicting priorities can further illustrate your abilities.

Share examples of how you utilize analytical tools and approaches to assess risks and analyze data trends in third-party relationships. Mention specific software or methodologies you are familiar with that enhance your analytical capabilities.

Discuss key performance indicators (KPIs) and metrics that provide insight into supplier risk, such as compliance rates, incident response times, and assessment timelines. Explain why these metrics are crucial for stakeholders to understand risk at a glance.

Illustrate your problem-solving strategies by detailing a specific instance where you encountered a significant risk management challenge and how you addressed it. Emphasize your critical thinking skills and willingness to collaborate with others to find solutions.

Highlight the importance of strong leadership in fostering a culture of risk awareness and compliance. Discuss how effective leaders engage their teams, set clear expectations, and drive initiatives to mitigate risks proactively.

Detail your process for staying updated on regulatory changes and how you would implement these within the risk management framework. Mention specific tools or resources you rely on to ensure ongoing compliance.