Analyst - Third Party Risk Management - job 11 of 19

As an Analyst in Third Party Risk Management at Visa, your primary responsibilities include executing end-to-end third-party risk assessments, collaborating with key internal stakeholders, and reporting supplier risk profiles to ensure compliance with regulatory expectations. You will also drive organizational change initiatives aimed at enhancing third-party risk management practices while onboarding suppliers from acquired entities.

To be successful in the Analyst - Third Party Risk Management position at Visa, candidates typically need experience in third-party risk assessment, strategic thinking abilities, and strong problem-solving skills. Familiarity with regulatory compliance, excellent communication, and project management expertise are also essential for this role.

In the Analyst role at Visa, you will support change management by designing strategies that facilitate the successful adoption of new processes and technologies. You will provide training to various stakeholders and help improve third-party risk management practices, ensuring that everyone is aligned and equipped for the transition.

Key skills for an Analyst in Third Party Risk Management at Visa include strong analytical skills, effective communication and negotiation abilities, strategic thinking, and leadership. Additionally, being adept in project management will greatly enhance your performance in this role.

Yes, the Analyst - Third Party Risk Management position at Visa is hybrid, allowing for a combination of remote and in-office work. The specific days to be spent in the office will be confirmed by your Hiring Manager, allowing for flexibility in your work environment.

In answering this question, highlight specific examples of third-party risk assessments you’ve conducted, the methodologies you used, and the outcomes of those assessments. Discuss any tools or frameworks you are familiar with that are relevant to the role at Visa.

To effectively respond, explain your understanding of the relevant regulations in the industry and how you implement compliance checks in your risk assessments. Provide examples of how you have previously ensured compliance in your past roles.

Discuss the approaches you take to distill complex risk data into clear, actionable insights for senior leadership. This might include the use of dashboards, reports, or presentations and how each method has effectively communicated the relevant information.

In your response, narrate a specific situation where you led a change management initiative. Talk about the specific steps you took, how you engaged stakeholders, and the impact the change had on the organization.

You should explain your prioritization strategy, whether it involves assessing risk profiles, deadlines, and resource availability. Giving an example of a hectic time when you successfully managed competing demands can also be very effective.

Race your understanding of training delivery methods, whether it be through workshops, one-on-one sessions, or digital materials. Emphasize how you tailor your training to different stakeholders’ needs and how you measure training effectiveness.

Provide an anecdote showcasing a specific challenge you faced during a risk assessment, your thought process in overcoming it, and the skills you leveraged to resolve the situation effectively.

Discuss any frameworks or methodologies you apply while thinking strategically in risk management. Focus on how you identify trends, assess potential risks, and develop contingency plans to ensure robust risk management.

Use an example where collaboration led to a successful outcome in risk management or compliance. Detail your role in the collaboration and the results achieved through joint efforts.

Mention any specific tools or software you have used for risk assessments, such as GRC platforms, risk management frameworks, or data analysis tools. Highlight how these tools have improved your effectiveness in previous roles.