Third Party Risk Management Analyst

AmerisourceBergen • The Colony, TX

75d • $57,900 - $85,360 • Remote

About The Position

The Third-Party Risk Analyst is responsible for managing ongoing performance monitoring, due diligence, and onboarding for third party relationships while facilitating strong working relationships with Risk Groups, the Legal Department, Vendor Service Owners (VSOs), Sourcing, and other internal risk management and assurance partners. This position reports to the Third-Party Risk Manager in Enterprise Risk Management but may also serve as a shared resource within other teams in Enterprise Risk Management on specific projects.

Requirements

• Bachelors Degree - required
• Strong understanding of risk management principles and practices, particularly as they relate to third party relationships
• Familiarity with contract negotiation, invoice processing or legal terms review preferred
• Proficiency in data analysis and the ability to assess and interpret contracts, compliance documentation, and financial statements
• Excellent written and verbal communication skills required for reporting findings, communicating with vendors and collaborating with internal stakeholders
• The ability to identify and mitigate risks, as well as to develop effective risk mitigation strategies
• Self-motivated, ability to work independently, strong organizational skills
• Ability to multitask and work in a fast paced environment
• Consistently delivers results and meets deadlines
• Proactive problem solver
• Ability to communicate clearly and with confidence to all associate levels
• Excellent judgement and critical thinking
• Results orientated and detail driven
• Proficient in Word, Excel, Outlook, PowerPoint
• Willingness to learn new technology systems or programs
• Experience with flowcharting software
• Prior experience in Third Party Risk Management, Procurement, or managing supplier relationships is preferred
• High ethical standards and the ability to handle sensitive information with confidentiality

Responsibilities

• Identify, measure, and report operational and Third-Party Risk Management risks
• Support management of third-party risk onboarding and due diligence by ensuring appropriate risk assessments are completed
• Assist Business Owners with due diligence documentation and evaluation of third-party relationships
• Execute issue management end-to-end activities for matters pertaining to third parties
• Ensure adequate, appropriate, and current third-party risk documentation is maintained in the Third Party Risk Management Software System
• Leverage the Third-Party Risk Management Software System as the system of record and as a reporting tool to analyze vendors for risk analysis
• Consult with business leaders to effectively manage change when required
• Provide risk oversight for process improvement projects, as needed
• Liaise with senior management and Third-Party Risk Management stakeholders
• Oversee and/or develop ongoing monitoring activities in alignment with TPRM policy
• Provide subject matter expertise on certain components of Third-Party Risk Management
• Assist in developing training materials to support the Third-Party Risk Management program
• Work with other risk functions to understand, support and/or advise in development and implementation of controls that mitigate risks
• Provide quality control review on data and submissions by the Business Sponsors
• Assist in the creation of desktop procedures for departmental processes
• Maintain policies and other governance documents relating to the Third Party Risk Management program
• Monitor and evaluate the adequacy and effectiveness of the various inter-dependent risk and related program policies, procedures, processes, systems, and internal controls
• Prepare reports and communicate risk findings and recommendations to senior management and stakeholders
• Review contracts to ensure inclusion of particular required terms and conditions
• Work with management and stakeholders to ensure proper vendor termination procedures are in place and enforced
• Continuously refine and adapt the Third Party Risk Management Program in response to emerging trends, and evolving industry best practices, and regulatory requirements
• Perform other duties as assigned

Benefits

• Medical, dental, and vision care
• Backup dependent care
• Adoption assistance
• Infertility coverage
• Family building support
• Behavioral health solutions
• Paid parental leave
• Paid caregiver leave
• Training programs
• Professional development resources
• Opportunities to participate in mentorship programs
• Employee resource groups
• Volunteer activities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Merchant Wholesalers, Nondurable Goods
• Education Level: Bachelor's degree