Senior Analyst – TPRM

Sentara Health•Norfolk, NV

1d•Onsite

About The Position

The Third Party Risk Management (TPRM) Senior Analyst is responsible for ensuring the organization effectively manages risks associated with third-party vendors and partners throughout the entire third-party lifecycle, including vendor selection, contract negotiation, ongoing monitoring, and termination. This involves not only identifying and evaluating risks but also collaborating with various teams, particularly Legal and Procurement, to embed risk mitigation strategies into contractual agreements.

Requirements

Bachelor's degree in a relevant field such as Business, Finance, Information Technology, or a related discipline (Preferred) OR 7+ years of relevant experience without a degree.
5+ years of relevant experience with a degree.
Strong understanding of Third-Party Risk Management (TPRM) principles, concepts, and best practices.
Experience in conducting vendor risk assessments and evaluating internal controls, potentially leveraging frameworks like ISO 27001/2, NIST 800-53, NIST CSF, SOC1/SOC2, CSA CCM, and Shared Assessments SIG.
Working knowledge of contract management principles and practices, including contract negotiation and analysis.
Excellent communication skills, both written and verbal, with the ability to effectively articulate security control requirements, assessment results, and risk considerations to diverse audiences.
Strong analytical, critical thinking, and problem-solving skills, with the ability to digest and analyze complex information with attention to detail and accuracy.
Ability to work collaboratively in a cross-functional environment and build strong relationships with internal and external partners.
Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).

Nice To Haves

CISA, CRISC, CISM, CISSP, or other relevant certifications are preferred.
Proficiency in GRC (Governance, Risk, and Compliance) tools like OneTrust (highly desirable), Archer, or ServiceNow.

Responsibilities

Conduct thorough risk assessments for potential and existing vendors, focusing on various risk types, including cybersecurity, operational, financial, and compliance risks.
Utilize and potentially create vendor risk assessment questionnaires to gather detailed information about vendor practices, including data security policies, internal controls, compliance posture, and business continuity plans.
Analyze questionnaire responses and other relevant information to identify deficiencies, areas for remediation, and categorize vendors based on risk levels.
Engage with stakeholders to communicate assessment results, address security concerns, and collaborate on potential remediation actions.
Perform periodic reviews and reassessments of existing vendors to ensure ongoing compliance and address evolving risks.
Partner with Legal and Procurement teams during contract negotiations to ensure security, privacy, and other relevant risk clauses are adequately addressed.
Provide expert guidance on acceptable and unacceptable contract terms related to risk management, service level agreements (SLAs), and data protection.
Work to define and include clear performance standards, due diligence requirements, and exit strategies within contracts.
Support the development, maintenance, and enhancement of the organization's Third-Party Risk Management program and framework.
Develop and update TPRM procedures to ensure alignment with organizational policies and regulatory requirements.
Identify and implement process efficiencies within the TPRM program and perform analyses on team metrics to enhance effectiveness.
Build and maintain strong relationships with internal stakeholders across departments such as Legal, Procurement, Information Security, and Business Units.
Provide TPRM guidance and training to Vendor Relationship Owners and business partners on risk management practices.
Communicate identified risks, assessment results, and mitigation strategies to stakeholders, including senior management, clearly and concisely.
Track identified risks associated with third parties and ensure timely reviews are performed.
Monitor key supplier performance against established SLAs and regulatory requirements.
Track and collaborate with internal partners and vendors to remediate any risk-related issues.

Benefits

Medical, Dental, Vision plans
Adoption, Fertility and Surrogacy Reimbursement up to $10,000
Paid Time Off and Sick Leave
Paid Parental & Family Caregiver Leave
Emergency Backup Care
Long-Term, Short-Term Disability, and Critical Illness plans
Life Insurance
401k/403B with Employer Match
Tuition Assistance – $5,250/year and discounted educational opportunities through Guild Education
Student Debt Pay Down – $10,000
Reimbursement for certifications and free access to complete CEUs and professional development
Pet Insurance
Legal Resources Plan
Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.