Analyst - Third Party Risk Management - job 7 of 19

As an Analyst - Third Party Risk Management at Visa, you'll primarily focus on completing comprehensive third-party risk assessments for acquired entities and ensuring regulatory compliance. You'll work closely with internal stakeholders to guide them through the assessment process while regularly reporting on supplier risk profiles. Your role will also involve supporting change management initiatives to enhance risk management practices and providing necessary training for stakeholders.

To excel in the Analyst - Third Party Risk Management role at Visa, you'll need experience in third-party risk assessments, strong strategic thinking skills, and proficiency in analytical problem solving. Excellent communication, negotiation, and leadership capabilities are essential, along with a solid foundation in project management to successfully drive initiatives and ensure stakeholder engagement.

Collaboration is a cornerstone of the Analyst - Third Party Risk Management position at Visa. You'll be expected to work with various internal stakeholders and acquire entity partners, facilitating the third-party risk assessment process and ensuring successful onboarding. Building strong relationships and open lines of communication with these groups will be vital in effectively managing risk profiles and driving organizational change.

In the Analyst - Third Party Risk Management role at Visa, you'll be responsible for driving change management initiatives that aim to enhance third-party risk management practices. This includes developing strategies for implementing new processes and technologies while ensuring stakeholder adoption through training and support. Your influence will be crucial in promoting a culture of continuous improvement within the organization.

Success in the Analyst - Third Party Risk Management role at Visa hinges on several key skills including critical thinking, effective leadership, and adept project management. Furthermore, your analytical abilities must be sharp to conduct thorough risk assessments and communicate findings clearly. Strong negotiation and interpersonal skills will also enable you to work collaboratively with various stakeholders across the organization.

In your response, detail your relevant experience conducting third-party risk assessments, emphasizing your understanding of the processes involved and how you've contributed to risk management strategies in your previous roles.

Discuss your approach to prioritization, perhaps mentioning techniques like triaging based on urgency, stakeholder needs, or regulatory requirements to ensure efficient workflows in risk assessment management.

Provide a specific example of a process improvement you've initiated, detailing the problem you identified, the steps you took to enhance the process, and the outcome achieved as a result.

Outline your strategies for ensuring compliance, such as staying updated on industry regulations, developing compliance checklists, and collaborating with legal and compliance teams to uphold standards.

Discuss your communication techniques with stakeholders, emphasizing the importance of clarity, regular updates, and collaboration through tailored approaches that meet the needs of various parties.

Outline your approach to conflict resolution, highlighting the importance of active listening, seeking common ground, and providing data-driven insights to support your position during discussions.

Mention any specific tools or software you have experience with, including how you've utilized them for tracking projects, reporting metrics, or facilitating communication between teams involved in risk management.

Share your methods for keeping current with industry trends, such as subscribing to relevant publications, attending webinars/conferences, and networking with professionals in the risk management space.

Elaborate on your experience training teams, including the topics covered, your approach to making the training engaging, and how you assessed the effectiveness of the training provided.

Reflect on contemporary challenges in third-party risk management, possibly discussing regulatory changes, the complexity of global supply chains, or evolving threat landscapes, and propose your thoughts on addressing these challenges.