Analyst III Third Party Management (Hybrid)

Job Description

The Senior Vendor Risk Analyst role will report to the Director of Globe Life's Third-Party Management (TPM) program. The role will be responsible for partnering with internal business units and external suppliers to identify and monitor vendor risks, perform risk assessments, review contractual agreements, and develop risk management programs. Additionally, this role will collaborate with Compliance, Legal and other Enterprise Risk Departments to aggregate all risks for the vendor - contractual, strategic, financial, reputational, regulatory, operational, etc.

This is not an information security role. This role is ideal for an analyst who has worked with financial services risk. This role is ideal for a self-motivated individual leader that is passionate about process improvement and can act as a subject matter expert in vendor and compliance risk. This is a hybrid position located in our corporate office in McKinney, Texas (WFH Monday & Friday, in office Tuesday-Thursday).

• Design and conduct vendor risk assessments for initial due diligence and ongoing oversight of third-party services to identify risks and ensure compliance with laws and regulations.
• Partner with Business Owners to ensure third parties are properly classified based on the inherent and residual risks.
• Ensure third party data integrity and inventory management within the appropriate TPRM tool.
• Develop and maintain high-quality risk assessment documentation covering findings, risk impact and ratings.
• Collaborate with third parties and internal partners to mitigate and resolve third-party risks through corrective action plans.
• Partner with internal risk groups to ensure that all risks affecting third parties are aggregated into a risk profile for the third party.
• Develop and compile key risk metrics, reporting and dashboards improving senior management visibility into third party risks.
• Develop a working knowledge of regulations governing and impacting Globe Life third-party relationships and ensure that the third parties adhere to applicable requirements and comply with laws and regulations and that the TPRM program addresses those regulatory requirements.
• Drive process improvements to continuously mature the TPRM program.
• Assist with the communication, training and roll out of new TPRM processes.
• Manage and administer TPRM procedures, tools, and corresponding support materials.
• Obtain the necessary training to keep current on the discipline of Third-Party Risk Management.

Required Skills

• Knowledge of and experience in designing and operating third party risk management governance frameworks applicable to the financial services industry.
• Experience in reading and assessing contractual agreements.
• Knowledge of compliance and audit principles as they apply to designing and conducting risk assessments.
• Detail oriented with strong analytical, problem solving, critical thinking and organization skills.
• Ability to generate ideas for and support continuous improvement in the department.
• Ability to independently manage and prioritize work; must be able to juggle multiple tasks, tight deadlines and changing priorities and will meet deliverables on time.
• Excellent written and verbal communication skills.
• Proficient PC skills, specifically with business-oriented applications such as Microsoft Office, and risk management tools.
• Knowledge and understanding of financial service, insurance, or health care industry.

Applicable to all employees of Globe Life & Accident and its subsidiaries:

• Reliable and predictable attendance of your assigned shift
• Ability to work full time and/or part time based on the position specifications.

Required Experience

• Bachelor's degree in business, Risk Management, Accounting, or any other quantitative based degree
• Knowledge of compliance or audit principles
• 3 to 4 years of third-party vendor risk management experience