Analyst - Third Party Risk Management - job 13 of 19

As an Analyst in Third Party Risk Management at Visa, you'll be responsible for executing end-to-end third-party risk assessments, collaborating with internal stakeholders, and regularly reporting supplier risk profiles. This role also includes driving change management initiatives, training various stakeholders, and ensuring compliance with regulatory standards concerning acquired entities. Your expertise in risk assessment and communication skills will be paramount in fostering effective collaboration across departments.

To excel as an Analyst - Third Party Risk Management at Visa, candidates should have experience in third-party risk assessment, alongside strong analytical and problem-solving skills. Ideal qualifications include a background in project management, leadership experience, and excellent communication and negotiation skills. A strategic mindset and the ability to adapt to organizational changes are also essential for success in this dynamic role.

The Analyst - Third Party Risk Management plays a critical role at Visa by validating supplier arrangements to ensure adherence to program and regulatory compliance expectations. By conducting thorough assessments and maintaining strong communication with internal stakeholders, the Analyst helps protect the organization from potential risks while fostering a culture of compliance across the third-party relationships.

Success as an Analyst in Third Party Risk Management at Visa hinges on strong analytical skills, strategic thinking, and effective problem-solving abilities. Additionally, skills in communication, negotiation, and leadership are crucial for collaborating with diverse stakeholders. Being adept in project management, along with a keen understanding of compliance and risk assessment, will enable you to thrive in this position.

A typical day for an Analyst in Third Party Risk Management at Visa involves completing risk assessments, collaborating with various business partners, and reporting on supplier risk profiles. You may spend time triaging assessments, developing change management strategies, and training acquired entity stakeholders. Balancing independent tasks with collaborative sessions, your day will be varied and dynamic, keeping the focus on continuous improvement in third-party risk management.

In responding to this question, outline your past roles where you've conducted risk assessments, specifying the methodologies used and the outcomes achieved. Emphasize your collaboration with stakeholders and how you tailored assessments to fit organizational needs, showcasing your strategic thinking skills.

To answer this, share your approach to prioritization, such as assessing risk levels, deadlines, and stakeholder needs. You could mention tools or frameworks you use for tracking progress and ensuring timely assessments. Illustrate with an example where your prioritization led to improved efficiency.

When answering this, detail a specific initiative you led, focusing on your approach to developing strategies for change. Highlight how you engaged stakeholders and communicated the benefits of the change, and discuss the successful outcomes that resulted from your efforts.

You should outline your technique for simplifying complex information, perhaps by using clear visuals or relatable examples. Mention your focus on clarity and engagement when presenting, ensuring that stakeholders understand the implications of the findings and the necessary actions.

Explain your proactive approach to staying informed about changes in regulations, such as subscribing to industry newsletters, attending relevant webinars or conferences, and engaging with professional networks. Demonstrate your commitment to continuous learning and adaptation in a compliance-driven role.

Address this question by discussing how you develop training programs, incorporating various learning styles to ensure effectiveness. Describe the steps you take to assess the training needs of stakeholders and how you ensure the adoption of new processes through effective support mechanisms.

Be prepared to share a specific instance where you identified inefficiencies in a risk management process and the steps you took to enhance it. Discuss the metrics you monitored to measure success and the positive feedback received from stakeholders.

Explain your conflict resolution strategy, emphasizing your focus on open communication and understanding different perspectives. Provide an example of a conflict you successfully navigated, and discuss the positive impact on team dynamics and project outcomes.

In your answer, highlight the key metrics you track during assessments, such as supplier risk ratings, compliance levels, and change management success rates. Explain why these metrics matter in maintaining a robust risk management program.

When answering this, connect your career aspirations with the values and mission of Visa. Discuss your enthusiasm for risk management and compliance, and how the role aligns with your skills and professional growth. Convey your eagerness to contribute to Visa’s success in managing third-party risks.