Third Party Risk Management Analyst

What the Role Is

This is an entry level position.  The primary responsibility of the position is to help ensure that our third parties and lines of business have effective processes in place to mitigate risk related to outsourced activity. The Third Party Risk Management Analyst , with guidance from the Third Party Risk Manager, will engage with stakeholders to facilitate the identification, assessment, monitoring, and reporting of third party risks across the organization.

To perform these duties, the Third Party Risk Management Analyst must be able to manage multiple projects, meet tight deadlines, use critical analysis and guidance from the Manager to provide effective challenge, communicate with all levels of management across the organization, actively engage in day-to-day interactions/relationships within the framework of the bank culture.

How You will Make an Impact

Engage with business stakeholders, facilitate the completion of assessments, including coordinating additional reviews (as needed) with stakeholders and cross-functional subject matter experts.

Track, monitor, and escalate aged requests to ensure timely completion as well as identifying opportunities to improve processes, tools, templates.
Utilize workload dashboards to monitor and manage assigned third-party projects.

Participate in process discussions with cross-functional teams such as Procurement, Legal, Information Security, and others to ensure assessments meet expectations.

Support maintenance of the centralized repository for third parties including accountable stakeholders, and inherent risk tier for each respective third party relationship with the guidance of senior associates or the Manager, partner with business lines to assist in developing procedures and controls for third party risks that impact their departments.

With the guidance of senior associates or the Manager, collaborate with both subject matter experts and stakeholders to develop corrective action plans to remediate issues.

Stay informed of industry issues and trends.

Recommend best practices to support ongoing management.

 

Who You Are

Performs job functions accurately, completely, and in a timely manner.

Demonstrates organizational skills and keen attention to detail.

Strong oral and written communication skills.

Ability to multitask, prioritize and work efficiently in a fast-paced environment.

Presents effective critical thinking skills.

Fosters a positive team environment.

Experience with risk management systems preferred.

 

Characteristics 

Regular and reliable attendance.

Works cooperatively with others.

 

*Hybrid within Alabama or Mississippi.

If your experience aligns with this description, please consider applying.  Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations.  We believe that a diverse workforce creates problem-solving and creative thinking, which is why we’re dedicated to adding new perspectives to the team and encourage everyone to apply.

#LI-RF1