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Analyst - Third Party Risk Management - job 15 of 19

This is a fulltime position at Visa for Visa’s Third-Party Lifecycle Management team.  The Analyst, Third Party Risk Program, will complete third-party risk assessments for acquired entities, support change management, validate supplier arrangements to ensure program and regulatory compliance expectations. This role involves partnering with key stakeholders to ensure effective risk management, regulatory compliance, and continuous improvement across the organization. In this role, you are expected to:

Complete End-to-End Third-Party Risk Assessments:

  • Execute end to end third party reviews across various business portfolios.
  • Collaborate with internal stakeholders and business partners to walk them through third-party risk assessment process.
  • Periodically report on supplier risk profiles to various internal business stakeholders.
  • Triage TLMP assessments to various team members based on volume and portfolio owner assignment.
  • Regularly report key risk metrics to senior leadership and stakeholders.

Support Change Management

  •    Drive organizational change initiatives to improve third party risk management practices.
  •    Develop and execute change management strategies to ensure successful adoption of new processes and technologies.
  •    Provide training and support to stakeholders to facilitate change.

3Support TLMP Acquired Entity Supplier Onboarding:

  • Collaborate with Acquired Entity stakeholders to onboard their supplier portfolio.
  • Connect with various Acquired Entity stakeholders to train appropriately on onboarding and assessment process.
  • Triage AE assessment volume to appropriate assessors.
  • Maintain regulatory compliance dependent on Acquired Entity location.

Key Competencies:

  • Third Party Risk Assessment Experience
  • Strategic Thinking
  • Problem Solving
  • Leadership and Team Management
  • Communication and Negotiation
  • Analytical Skills
  • Project Management

This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.

Average salary estimate

$75000 / YEARLY (est.)
min
max
$60000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Analyst - Third Party Risk Management, Visa

Are you ready to take on an exciting role as an Analyst in Third Party Risk Management with Visa? Located in the vibrant city of Atlanta, this full-time position on Visa’s Third-Party Lifecycle Management team offers you the chance to make a significant impact. In this role, you'll dive into the world of third-party risk assessments for acquired entities and support crucial change management initiatives. Collaborating with stakeholders across the organization, you'll ensure that supplier arrangements align with program and regulatory compliance expectations. A typical day involves executing end-to-end third-party reviews, validating supplier risk profiles, and reporting key risk metrics to senior leadership. Your strategic thinking and analytical skills will come in handy as you develop change management strategies to enhance risk management practices. Plus, you’ll have the opportunity to train and support stakeholders throughout this transformative process. By joining Visa, you’ll be part of a dynamic team that thrives on problem-solving and leadership, making continuous improvements a reality. If you possess a background in third-party risk assessments, project management, and effective communication, we’d love to hear from you! This hybrid role offers flexibility, with in-office expectations to be confirmed by your Hiring Manager. Become a key player in shaping Visa's future in third-party risk management!

Frequently Asked Questions (FAQs) for Analyst - Third Party Risk Management Role at Visa
What are the main responsibilities of an Analyst in Third Party Risk Management at Visa?

As an Analyst in Third Party Risk Management at Visa, your core responsibilities include executing comprehensive third-party risk assessments, collaborating with internal stakeholders on the assessment process, and reporting on supplier risk profiles to relevant business teams. You’ll also be tasked with supporting the onboarding process for acquired entities, facilitating change management initiatives, and maintaining compliance with regulations based on acquired entity locations.

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What qualifications are required for the Analyst position in Third Party Risk Management at Visa?

To qualify for the Analyst position in Third Party Risk Management at Visa, candidates should possess experience in third-party risk assessment and management. Additionally, strong analytical skills, project management capabilities, and effective communication skills are essential. A strategic mindset with problem-solving abilities will greatly enhance your success in this role.

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How does Visa support continuous improvement in Third Party Risk Management?

Visa places a strong emphasis on continuous improvement in Third Party Risk Management through regular change management initiatives. Analysts are encouraged to develop and execute strategies that enhance risk management practices. Training and support are provided to stakeholders to ensure successful adaptation to new processes and technologies, ultimately fostering a culture of ongoing optimization.

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What skills are essential for success as an Analyst in Third Party Risk Management at Visa?

Essential skills for success as an Analyst in Third Party Risk Management at Visa include strategic thinking, problem-solving, leadership abilities, communication proficiency, and strong analytical skills. Additionally, project management experience ensures that tasks are executed effectively and within timelines.

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What does the hybrid work model look like for the Analyst position at Visa?

The hybrid work model for the Analyst position in Third Party Risk Management at Visa allows for a flexible working arrangement. While specifics will be confirmed by your Hiring Manager, expect a blend of in-office and remote workdays that offer a balanced approach to collaboration and productivity.

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Common Interview Questions for Analyst - Third Party Risk Management
Can you describe your experience with third-party risk assessments?

When answering this question, it's important to provide specific examples of your previous roles where you conducted third-party risk assessments. Discuss the frameworks or methodologies you used, how you collaborated with stakeholders, and any significant outcomes that resulted from your assessments.

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How do you prioritize your tasks when handling multiple risk assessments?

Effective prioritization is key in third-party risk management. Mention your approach to prioritizing based on factors such as risk exposure, regulatory deadlines, and stakeholder requirements. You can also discuss tools or methodologies you use to manage your workload.

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What strategies would you employ to enhance regulatory compliance?

When discussing strategies for enhancing regulatory compliance, focus on your experience with policy updates, training initiatives, and ongoing monitoring. Emphasize your ability to engage with stakeholders to ensure awareness and adherence to compliance standards.

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How do you handle conflicts or disagreements among stakeholders?

Conflict resolution in stakeholder management requires tact and diplomacy. Share an experience where you successfully navigated a disagreement, highlighting your negotiation skills, active listening, and ability to find collaborative solutions that satisfy all parties.

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What tools or technologies have you used in managing third-party risk?

Discuss any specific tools or software you have experience with that aids in managing third-party risk. Highlight how these tools improve efficiency in risk assessments, reporting, and stakeholder communication.

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How do you keep up with changes in compliance regulations?

Staying informed about compliance updates is critical. Explain your strategies for keeping up-to-date, such as subscribing to industry newsletters, attending webinars, or participating in professional networks dedicated to risk management.

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Describe a time you implemented a successful change management initiative.

Provide a specific example of a change management initiative you led. Describe the challenges, your approach in drafting and communicating changes, and the results of your efforts in improving processes and stakeholder engagement.

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How would you assess the risk profile of a new supplier?

Outline the systematic approach you would take to assess a new supplier's risk profile. This can include gathering necessary documentation, conducting background checks, and engaging in discussions with key stakeholders to understand potential risks.

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What role does analytics play in third-party risk management?

Discuss the importance of analytics in identifying trends, understanding risk factors, and supporting decision-making in third-party risk management. Highlight specific analytical tools or methodologies you've used to derive actionable insights.

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How do you measure the success of third-party risk management processes?

Measuring success in third-party risk management can be quantified through metrics such as reduction in compliance breaches, improved response times in assessments, and stakeholder satisfaction ratings. Discuss how you would implement a feedback loop to continuously improve the processes.

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Visa Inc. operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entiti...

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Full-time, hybrid
DATE POSTED
April 3, 2025

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