Third-Party Risk Analyst

Simpson Thacher & Bartlett LLP•New York, NY

2d•$100,000 - $120,000•Hybrid

About The Position

The Third-Party Security Analyst will play a key role in supporting the Third-Party Security Team in both the development and execution of the firm’s Third-party Security Program. This includes identifying, assessing, monitoring, and mitigating risks associated with vendors, suppliers, and service providers across the globe as well as supporting strategic program initiatives. The ideal candidate is an experienced information security or risk management professional with a background in third-party assessment execution, IT Risk management or IT Audit. The candidate should possess strong analytical skills, attention to detail, and the ability to collaborate cross-functionally with legal, Vendor Management Office, and IT security teams. Strong communication and interpersonal skills are required to effectively engage with third parties.

Requirements

5 years of experience in information security, third-party risk management, IT risk, or cybersecurity assurance, with at least 3 years focused on third party risk management.
Experience conducting information security risk assessments of third-parties, vendors, and service providers.
Strong understanding of information security controls and frameworks (ISO 27001/27002, NIST CSF, CIS Controls, etc.)
Familiarity with third-party security domains, including data protection, access controls, incident response and cloud security.
Ability to assess third-party responses to security questionnaires, and analyze security documentation, audit reports, vulnerability scans, and penetration test results to identify control gaps and remediation requirements.
Ability to prioritize third party security risks based on inherent risk, business criticality, and compensating controls.
Experience producing clear risk summaries, remediation recommendations, and executive level reporting
Familiarity with information security and data protections requirements in third party contracts.
Strong communication and negotiation skills to work effectively with internal and external stakeholders.
Ability to work independently and collaboratively in a team environment
Demonstrated ability to handle sensitive and/or confidential material and information with suitable discretion.

Nice To Haves

Experience developing processes aligned with the third-party risk management lifecycle.
Familiarity with information security considerations for vendors leveraging AI or providing AI centric solutions.
Professional certifications, such as CISSP, CRISC, CISM, CISA, ISO 27001 Lead Auditor/Implementor.

Responsibilities

Conduct information security due diligence during vendor onboarding, at renewal, and periodic review cycles.
Apply a risk-based approach to third party security assessments, including documenting compensating controls and risks acceptances where appropriate.
Maintain comprehensive vendor inventory, including vendor profiling and Inherent Risk determination.
Maintain a third-party risk register and track mitigation efforts for identified security risks.
Develop and implement strategies to mitigate identified risks, working closely with third parties and internal stakeholders to address security gaps.
Support a continuous monitoring program to assess third-party security posture and follow up on identified vulnerabilities and security risks.
Partner with general counsel and vendor management to incorporate information security requirements into third-party contracts.
Work with internal security teams to investigate and respond to third-party related security incidents.
Support and enhance escalation procedures and remediation requirements related to third-party security breaches.
Prepare and present third party risk metrics, dashboards, trends, and highlighted risks to senior management and IT leadership.
Contribute to the continuous improvement and scalability of the Firm’s third party security risk management program.