Analyst - Third Party Risk Management - job 19 of 19

As an Analyst - Third Party Risk Management at Visa, your primary responsibilities include executing comprehensive third-party risk assessments, collaborating with stakeholders through the risk assessment process, and reporting on supplier risk profiles. Additionally, you will be involved in supporting change management initiatives and assisting in the onboarding of suppliers from acquired entities, ensuring that all regulatory compliance requirements are met.

To be considered for the Analyst - Third Party Risk Management role at Visa, candidates should ideally possess experience in third-party risk assessment, strategic thinking capabilities, and strong problem-solving skills. Proficiency in communication and negotiation, along with analytical and project management skills, is also essential to perform effectively in this vibrant environment.

The Analyst - Third Party Risk Management role at Visa plays a crucial part in safeguarding the organization by ensuring effective risk management and regulatory compliance. By conducting thorough risk assessments, the analyst helps identify potential vulnerabilities, which contributes to Visa's overarching goal of maintaining a secure and reliable service environment for its stakeholders.

Certainly! In the Analyst - Third Party Risk Management position at Visa, you'll drive change management initiatives aimed at improving third-party risk management practices. This involves developing and executing strategies that ensure the successful implementation of new processes and technologies, along with providing necessary training and support to various stakeholders.

The Analyst - Third Party Risk Management role at Visa offers a hybrid work environment, allowing you the flexibility of remote work while also requiring some in-office collaboration. The specifics of in-office days will be confirmed by the hiring manager, enabling a work-life balance that accommodates both personal and professional needs.

In an interview for the Analyst - Third Party Risk Management position, you should mention specific tools, such as risk assessment software or methodologies like NIST or ISO standards. Highlight how you have utilized these tools to streamline the risk assessment process, identify risk factors, and ensure compliance.

When answering this question, share your approach to prioritization based on urgency and impact. Discuss tools like project management software, and mention how you assess risk levels and cooperate with team members to prioritize important assessments effectively.

Be prepared to share a specific example highlighting your leadership and problem-solving skills. Discuss the context, your approach to managing the change, strategies for communication, and the positive outcomes that resulted from your efforts.

In answering this question, emphasize the importance of clear, engaging communication. Describe how you tailor your message based on your audience's expertise and concerns and provide examples of how you've effectively conveyed complex risk assessments to diverse stakeholders.

When addressing this question, illustrate your knowledge of relevant regulations and compliance frameworks. Mention how you assess third-party suppliers against these guidelines and provide examples of successful partnerships where compliance was achieved.

Discuss your systematic approach to information gathering, including reviewing documentation, conducting interviews with stakeholders, and utilizing data analytics tools. Highlight how this thorough groundwork helps ensure comprehensive risk assessments.

Talk about specific training sessions you've conducted, focusing on your ability to simplify complex concepts. Highlight your communication style and ability to tailor content to your audience, ensuring everyone feels empowered and informed about risk management practices.

When responding, mention specific resources you use, such as industry news, webinars, or professional groups. Stress the importance of continuous learning in the ever-evolving landscape of risk management and illustrate how this knowledge has benefited your work.

In your answer, outline the steps you take to assess the volume and complexity of the assessments. Discuss how you categorize them based on predetermined criteria and how you communicate with team members to assign assessments to ensure timely reviews.

Explain the metrics you utilize to evaluate success, such as reduction in risk exposure, compliance rates, or stakeholder feedback. Emphasize the importance of having measurable outcomes to iterate and improve future risk management strategies.