Analyst - Third Party Risk Management - job 17 of 19

As the Analyst - Third Party Risk Management at Visa, you will be responsible for executing end-to-end third party risk assessments, collaborating with various stakeholders, and regularly reporting on supplier risk profiles. You will also triage assessments and support change management initiatives to enhance risk management practices. Your role will play a crucial part in maintaining compliance and optimizing procedures across the organization.

To thrive as an Analyst - Third Party Risk Management at Visa, candidates should have experience in third party risk assessment, strong analytical skills, and the ability to communicate effectively with diverse teams. Leadership and problem-solving capabilities are also essential. Familiarity with project management and strategic thinking will support your success in this role.

In the role of Analyst - Third Party Risk Management at Visa, you will actively support change management by driving initiatives that improve risk management practices. This includes developing training programs for stakeholders and ensuring the successful adoption of new technologies and processes, thereby promoting a culture of continuous improvement within the organization.

As the Analyst - Third Party Risk Management at Visa, you will cultivate professional relationships with internal stakeholders, business partners, and key representatives from acquired entities. This collaboration is crucial to ensure effective risk assessment processes and regulatory compliance, allowing you to foster a strong network that supports organizational goals.

Key skills for the Analyst - Third Party Risk Management at Visa include excellent analytical abilities, strong communication and negotiation skills, and effective leadership qualities. Familiarity with project management principles, strategic thinking, and problem-solving will also empower you to excel in this role while navigating the challenges of vendor risk management.

When answering this question, detail your specific experiences with conducting risk assessments. Highlight your methodical approach and any tools or frameworks you’ve utilized, elaborating on the outcomes of these assessments and how they contributed to regulatory compliance.

Discuss your strategies for managing workload effectively. You may mention techniques such as categorizing risks by severity, using project management tools, or collaborating with team members to ensure that all assessments are completed without compromising quality.

Outline a specific instance where you led a change management project. Talk about the challenges you faced, your strategy for engaging stakeholders, and the positive results that emerged from the initiative, showcasing your leadership and management skills.

Share your approach to tailoring communication for different audiences. Focus on how you simplify complex data into actionable insights and how you choose metrics that resonate with leadership to facilitate informed decision-making.

Be specific about the software or methodologies you've used for risk management. Discuss how these tools helped streamline your process and the advantages they provide in evaluating third-party relationships.

Use this opportunity to highlight your analytical and problem-solving skills. Explain how you identified the risk, the decision-making process you followed, and the actions you took to mitigate it, emphasizing teamwork and communication along the way.

Reflect on a multifaceted challenge such as evolving regulations or supplier compliance. Discuss how you remain proactive, adjust your strategies, and ensure that your organization stays ahead of potential risks.

Talk about your systematic approach to understanding and monitoring regional regulatory requirements. You can elaborate on actions such as developing compliance checklists, conducting regular audits, or collaborating with legal teams to uphold standards.

Emphasize the importance of collaboration in risk management. Share how you engage both internal and external stakeholders to ensure a comprehensive understanding of risk and compliance requirements, which ultimately leads to more robust assessments.

Reflect on Visa's mission, values, and the impact of its work in the financial ecosystem. Convey your enthusiasm for being part of an innovative team that drives security and compliance in vendor management, aligning your goals with the vision of the company.