What are the responsibilities and job description for the Third Party Risk Analyst position at Central Payments?
Are you passionate about risk management and ensuring strong, compliant third-party relationships? As a Third Party Risk Analyst, you’ll play a key role in assessing and managing third-party risks, maintaining compliance, and enhancing our enterprise-wide Third Party Risk Management (TPRM) processes. If you thrive in an analytical, fast-paced environment and enjoy working cross-functionally, we’d love to hear from you!
What You’ll Do
- Oversee vendor documentation collection and review, ensuring compliance with TPRM policies.
- Conduct initial and ongoing risk-based assessments for third parties, identifying and mitigating risks.
- Maintain an accurate inventory of vendors and risk profiles, ensuring dynamic risk assessment.
- Manage oversight activities such as audits, performance reviews, and issue resolution.
- Prepare detailed reports and analyses summarizing risk assessments and vendor performance.
- Monitor external risk intelligence and regulatory changes to proactively address third-party risks.
- Work cross-functionally to ensure third-party relationships align with organizational goals and compliance requirements.
- Conduct site visits to third-party providers as needed to assess compliance and operations.
Why You Should Join Us
- Impactful Work: Play a crucial role in protecting and strengthening our third-party partnerships.
- Growth Opportunities: Gain expertise in third-party risk management within the payments and fintech space.
- Collaborative Environment: Work with cross-functional teams to improve enterprise-wide risk management.
- Cutting-Edge Industry: Be part of an innovative, fast-moving industry where risk management is key.
What You Bring
- Strong communication and presentation skills, with the ability to simplify complex concepts.
- Analytical mindset with proven experience assessing and mitigating third-party risks.
- Expertise in report writing, risk analysis, and issue resolution.
- Comprehensive knowledge of TPRM practices, lifecycle management, and regulatory requirements.
- Experience managing third-party relationships and risk-based assessments.
- Process improvement experience, with a focus on efficiency and compliance.
- Strong organizational and prioritization skills with excellent follow-through.
- Ability to engage with and influence stakeholders at all levels of the organization.
Qualifications
- Degree in business, risk management, or a related field.
- 2 years of experience in third-party risk management or a related field, or an equivalent combination of education and experience.
- Experience in payments or fintech operations and risk management platforms.
- Preferred: Certified Third-Party Risk Professional (CTPRP) or Certified Risk Manager (CRM).
What We Offer
- A hybrid work environment with flexibility to support work-life balance (3 days in office in Sioux Falls, SD and 2 days WFH)
- A collaborative, innovative culture that values continuous learning.
- Opportunities for professional development and career growth.
- A supportive team that values your contributions and expertise.
Join us and help shape the future of third-party risk management at Central Payments!
