Risk Analyst

We are looking for a Risk Analyst! Reach out if you are interested and feel free to refer friends/colleagues!

Brief Description on Duties:

• The TPRM Junior Analyst reports to the Director, TPRM Supplier Governance and is responsible for supporting the Third-Party Risk Management and Supplier Performance and Governance activities throughout the end-to-end third-party life cycle. The TPRM Junior Analyst will be primarily responsible for monitoring vendor related risks through various governance procedures for high residual risks identified for Tier 1 Suppliers. The TPRM Junior Analyst will also assist in collecting and storing reporting of SLA’s with Business Owners for performance management of Tier 1 Suppliers.
• The TPRM Junior Analyst will assist in creating guidance documents for Business Owners on appropriate governance activities for Tier 3 Suppliers.
• Additionally, the TPRM Junior Analyst will assist TPRM Junior Manager in ad-hoc administrative tasks related to the management of Tier 1 suppliers.

Key Accountabilities

Third-Party Risk Management Process Oversight 

• Aggregates internal and external supplier information to onboard Tier 1 suppliers
• Assists of TPRM Junior Manager with completion of risk assessments with the designated Business Owners and Governance Stakeholders for Tier 1 Supplier engagements.
• Assists TPRM Junior Manager with trend analysis and compiles material updates at Service Excellence and Third-Party Risk Management Committee for Tier 1 Suppliers
• TPRM Framework – First Line of Defense – Assists TPRM Junior Manager with compiling and documenting identified potential risks with Tier 1 Supplier engagements across all 9 risk categories.

Supplier Performance Monitoring and Governance 

• Supports the TPRM Program and internal stakeholders with supplier segmentation assessments based on spend, risk and business criticality for all Tier 1 suppliers
• Assists the TPRM Junior Manager with the collection and compilation of materials for Business Reviews for Tier 1 Suppliers. Follows up with Business Owners and Suppliers as required.
• Supports TPRM Junior Manager with coordination of Supplier Surveys and Scorecard Compilation for Tier 1 Suppliers.
• Supports TPRM Junior Manager with monthly operational reviews for Tier 1 Suppliers.
• Validates Tier 3 risk assessments (including annual segmentation validation).
• Updates documents (as required) in repository used for Tier 3 Supplier governance (business guidance).

Supplier Due Diligence 

• Assists with the creation of Supplier Profiles for all Tier 1 Suppliers and ensure profiles are updated semi-annually.

Strategic Contract Management

• Collects all contractual due diligence items for Tier 1 suppliers and maintains repository
• Liaisons with Contract Management Administrator for any required reporting

Qualifications

• Post-secondary diploma/ degree in a related field

Minimum Requirement

• Experience in banking industry, vendor management or strategic sourcing
• Solid understanding of third party/vendor management programs
• Excellent communication skills and time-management
• Advanced level of understanding of Microsoft Office Tools (e.g., Excel, Project Access)
• Exceptional analytical skills to gather relevant information, identify key issues, critically compare information, develop conclusions, and develop well-supported recommendations
• Convey ideas, information and materials to individuals and groups
• Experience working for a Financial Services organization
• Demonstrated experience segmenting, analyzing, and reporting third-party performance and risk
• Demonstrated experience working with SAP Ariba
• Experience working with database and data analytical tools, such as SQL, VBA, Power Query
• Experience working with visualization tools, such as Tableau, Power BI