Analyst - Third Party Risk Management - job 5 of 19

The Analyst - Third Party Risk Management at Visa is responsible for conducting detailed third-party risk assessments, supporting change management, and ensuring compliance with regulatory standards. This role involves executing reviews across business portfolios, collaborating with internal stakeholders, and reporting risk metrics to senior leadership. You'll also be engaged in onboarding acquired entity suppliers and providing essential training to ensure successful risk assessments.

To qualify for the Analyst - Third Party Risk Management position at Visa, candidates should possess experience in third-party risk assessment, strong analytical skills, and effective communication abilities. Key competencies include strategic thinking, leadership, project management, and a keen problem-solving aptitude. A background in regulatory compliance and risk management practices will further strengthen your application.

Visa is committed to continuous improvement in the Third Party Risk Management program by driving organizational change initiatives and developing new strategies for risk management. The Analyst will be responsible for executing change management plans, producing training materials, and ensuring stakeholders are well-informed and equipped to adopt new processes and technologies.

Key skills for success in the Analyst - Third Party Risk Management position at Visa include third-party risk assessment expertise, strategic and analytical thinking, leadership abilities, and proficiency in communication and negotiation. Additionally, candidates should be adept at problem-solving and have strong project management skills to effectively handle complex risk scenarios.

The work environment for the Analyst - Third Party Risk Management at Visa is hybrid, fostering flexibility while encouraging collaboration among team members. The ability to work both remotely and in-office allows for a balanced approach to engagement with key stakeholders and contributes to a dynamic team culture.

When discussing your experience with third-party risk assessments, be specific about projects you've handled, the methodologies you used, and the outcomes achieved. Highlight any particular strategies you implemented that resulted in significant improvements in risk management.

In response, explain your approach to onboarding by detailing your collaboration strategies with stakeholders, training processes, and documentation methods. Showcase your ability to adapt to different regulatory environments based on the location of the acquired entity.

To answer effectively, outline your communication techniques - such as tailoring messages for different audiences, utilizing visual aids in presentations, and maintaining open channels for feedback and questions. Emphasize the importance of building relationships and trust among teams.

Use the STAR method to structure your response, focusing on a specific change management project. Highlight the objectives, your role in executing strategies, the challenges you faced, and the positive results that followed, showing measurable improvements in processes.

Discuss your views on common challenges such as regulatory compliance, supplier assessment complexities, and keeping pace with evolving risks. Offer potential solutions you believe could mitigate these challenges, demonstrating your proactive approach.

Explain your strategies for staying informed on regulatory changes, such as subscribing to relevant publications, attending workshops, or connecting with professional communities. Mention any certifications or training programs you pursue to enhance your knowledge.

Mention any specific tools or software you've utilized, discussing your level of expertise with them. If applicable, talk about how these tools have improved your efficiency or accuracy in conducting risk assessments.

Describe your prioritization techniques, such as assessing urgency and impact, or using project management tools. Discuss how you ensure a high level of quality while meeting deadlines, reflecting your organizational skills.

Highlight the significance of data analysis in identifying trends, assessing supplier risk levels, and formulating strategies. Talk about how you leverage data to inform decision-making and improve overall risk management practices.

Discuss your perspective on essential competencies, such as analytical skills, strong communication ability, strategic thinking, and problem-solving. Emphasize how these qualities contribute to the success of risk management and compliance efforts.