As part of the Third Party Risk Program within the Procurement, Vendor Management and Third Party Risk Department, the Third Party Risk Analyst will assist with the review, evaluation and monitoring of all applicable third-party service providers to ensure continuous oversight (e.g., Financial viability analysis, cyber security compliance, dimensions of risk assessment, & in some cases, consumer sentiment review, etc.). As a risk professional, you easily assist with the management, documentation and retention of any applicable supporting documentation between ICW Group Holdings, Inc. (ICW Group) and its third-party service providers for the enterprise. By tapping into your superior communication skills, you seamlessly build partnerships across multiple departments. You are particularly skilled in translating business and technical needs into business requirements, and then implementing an action plan. Each day offers you a variety of new challenges to tackle including:

Duties & Responsibilities

• Provide end-to-end ownership of third party risk management life cycle for Third Parties
  • Execute a risk-based engagement and monitoring consistent with the third party risk program, regulatory requirements and Third Party Policy.
  • Execute and refine risk based processes and methodologies and documents in accordance with Third Party Risk policy, programs, standards and expectations
  • Produce robust governance and oversight reporting consistent with risk rating, and program requirements
  • Contribute to ongoing departmental third party risk program development efforts to ensure continuous process improvement and efficiencies
• Execute the third party risk management life cycle to include planning, due diligence, negotiation, ongoing monitoring, and termination
  • Conduct a variety of risk analysis and oversight activities:
    • Perform due diligence risk assessments, including financial viability reviews for potential ICW GROUP third party Third Parties.
    • Assess third party on-going financial and commercial viability and identify associated risks
    • Monitor third party performance for consistency with service level expectations
    • Collect and review supporting documentation for potential and existing Third Parties.
    • Drive completion of ongoing assessments of ICW GROUP Third Parties.
    • Maintain and continuously update Third Party documentation, scorecards and other applicable documents in applicable systems.
      • Assist in process improvements, contract standardization, and other departmental projects as needed.
    • Maintain the third party portfolio repository for all Third Parties
      • Identify, log and assess new and existing third parties to determine risk exposure and monitoring needs
      • Maintain a comprehensive master repository of third party information, types and activity risk analyses for departmental use and governance reporting
      • Build annual schedule of program execution activities to ensure timely delivery of all deliverables
      • Ensure satisfactory outcomes from regulatory exams and audits
      • Assist in the creation of routine Third Party Risk Program presentations.
      • Maintain current regulatory expertise and develop strategies to ensure compliance
    • Support the implementation of new Third Party Risk application.
      • Support workflow development
      • Support testing of draft and final designs
      • Provide training and subject matter expertise as needed up on Go-Live.
    • Build strong relationships with Stakeholders and third parties
      • Partner with various departments such as business stakeholders, legal, compliance, Information Security and external third party teams to ensure successful partnership and to facilitate ongoing monitoring,
        • Schedule and participate in meetings with internal business stakeholders for escalation.
        • Work with the Procurement and Legal teams to ensure all necessary and required language is included in contracts.
        • Support Third Party metrics reporting, service reviews and performance evaluation, including Key Performance Indicators (KPI) (i.e. scorecard, service levels, cost targets, etc.)
        • May assist with Request for proposal (RFP), new contracts, contract renewals, amendments and Statements of Work.
      • Manage Third Party issues to quickly and accurately resolve, and escalate to senior management, as needed.
        • Resolve relationship issues as they arise
        • Initiate and manage assessment projects
        • Develop mitigation strategies and plans as needed

Qualifications

• 3+ years of third party management or third-party risk experience.
• 3+ years of experience negotiating business to business agreements
• Expertise in building relationships to work across multiple departments
• Knowledge of Regulatory third-party standards (e.g., OCC, FFIEC, CFPB)
• Possess strong analytical skills and develop creative solutions to support business needs.
• Strong skills in Microsoft Excel, Word, Visio and PowerPoint.
• One or more of the following certifications preferred: CRVPM
• Project management or systems solutions experience.
• Strong written and verbal communications skills
• Excellent interpersonal, communication, listening skills.
• Must articulate ideas and thoughts clearly through various means, including written and oral communications with all levels of the organization up to and including senior management.
• Must be customer focused to understand the importance of stakeholder’s business objectives and drive the process towards achieving those objectives.
• Ability to work in a fast-paced team environment. Possesses excellent organizational and time management skills and proven ability to manage multiple projects concurrently.
• Strong analytical skills, ability to research problems, determine root causes and solutions
• Ability to translate business and technical needs into business requirements, and then implement.
• Financial analysis experience preferred.
• Prior experience with GRC tools preferred.