Third Party Risk Management Analyst
Overview
The Third Party Risk Management Associate Program Analyst (Analyst) will be responsible for supporting the Global Third Party Due Diligence (TPDD) Program and effectively managing third party risk in accordance with company policies and regulatory guidance. Analyst is responsible for supporting the TPDD program in identifying and assessing third-party risk, proposing new or evaluating existing controls and partnering with lines of business and subject matter experts to conduct TPDD per program requirements. Analyst plays a key role in supporting due diligence workflows and monitoring and reporting third-party risks.
This role will be hybrid out of our Cleveland, OH office.
Responsibilities
How Youll Make an Impact
Act as an integral part of a TPDD team, support in deploying a standardized Third-Party Risk Management Framework, including US & International tools.
Review and validate risk assessments to ensure potential risks are identified and mitigated; report on due diligence activities and document issues, as needed.
Coordinate risk assessments, working with third parties, subject matter experts, and business stakeholders to manage third parties.
Manage internal stakeholder actions, including with Legal, Procurement, Business, and Risk groups, to drive alignment and consistency in TPRM practices.
Ensure that third parties are appropriately monitored on an ongoing basis to identify any changes in their risk profile and escalate issues.
Track issues and remediation activities.
Perform quality assurance activities on the TPDD program.
Develop operational reporting on third-party risks across various dimensions (information security, financial, geographic, etc.).
Support continual development and maturity of the TPDD program including adapting to new global regulatory related methodologies and requirements.
Competencies
Understanding of third party risk management programs and components (risk assessment, risk mitigation, inherent/residual risk, monitoring controls, etc.).
Hands-on experience in designing third-party risk management procedures, templates, and assessments.
Ability to take initiative and perform in a challenging and technical business environment.
Strong data analysis and problem solving skills with high attention to detail and accuracy.
Ability to proactively communicate progress, status, and concerns to management.
Proven interpersonal and communication skills (verbal and written).
Solution-oriented individual with ability to think strategically and implement change.
Qualifications
Qualifications, Education, And Certification Requirements
Qualifications: 2-3 years of recent experience in a Third-Party Risk/Vendor Risk or similar role supporting a large and regulated institution preferred, preferably financial services. Bachelor's degree from an accredited college/university. Proficiency in Microsoft Office (Word, Excel, Outlook, PowerPoint). Strong ability to engage, influence, and collaborate across the organization. Related certifications ( CTPRP , CRVPM , CISA or similar) preferred.
#AmTrust
What We Offer
AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.
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