Analyst - Third Party Risk Management - job 18 of 19

The Analyst - Third Party Risk Management at Visa is tasked with completing thorough third-party risk assessments, supporting organizational changes, and ensuring compliance for acquired entities. This entails executing end-to-end reviews across business portfolios, collaborating with internal stakeholders, and reporting on supplier risk profiles.

To qualify for the Analyst - Third Party Risk Management position at Visa, candidates should have experience in third-party risk assessments, strong analytical and communication skills, and a knack for strategic thinking. Project management experience and leadership capabilities are also essential.

The Analyst - Third Party Risk Management plays a crucial role in driving change initiatives within the organization. They develop and execute strategies that enhance third-party risk management practices, ensuring that new processes and technologies are successfully adopted throughout Visa.

For the Analyst - Third Party Risk Management at Visa, the supplier onboarding process involves collaborating with acquired entity stakeholders, training them on the onboarding and assessment procedures, and ensuring that all regulatory compliance requirements are met based on the location of the acquired entities.

Success in the Analyst - Third Party Risk Management role at Visa requires strong analytical and problem-solving skills, a capacity for leadership and team management, and effective communication and negotiation abilities. Strategic thinking and project management skills are also vital for this role.

In answering this question, highlight specific instances where you've conducted risk assessments. Discuss the frameworks you used and the outcomes of those assessments. Showing your understanding of risk management principles is key.

Describe your approach to prioritization, focusing on urgency and impact. You can mention tools or methodologies you use to stay organized and ensure that all assessments are completed on time.

Share a specific example of a change initiative you led. Focus on the strategies you used, how you engaged stakeholders, and the results of that change. Measurable outcomes (like efficiency improvements) can make your answer stand out.

Emphasize clarity and conciseness in your communication. Discuss how you would tailor your approach based on the audience, using visual aids or reports when necessary to make the information easily digestible.

Explain your approach to staying updated on regulatory changes, which might include continuous learning, collaboration with compliance teams, and regular monitoring of legal guidelines relevant to third-party engagements.

Detail specific change management methodologies you've utilized in the past. Discuss how you evaluated the need for change and your efforts to ensure buy-in from team members and stakeholders.

Talk about your interpersonal communication skills and strategies such as active listening and regularly updating stakeholders. Provide examples of how these relationships enhanced your assessment outcomes.

Mention specific metrics you track, such as compliance rates, risk scores from audits, and feedback from stakeholders. Discuss how these metrics help guide decision-making and risk management practices.

Discuss your conflict resolution skills, emphasizing your ability to remain calm and focused on finding solutions. Provide an example if possible on how you've navigated such situations successfully.

Share a detailed account of a specific project, focusing on your project management skills, the objectives, the challenges faced, and the successful outcomes. This will illustrate your ability to manage complex projects effectively.