Third Party Risk Analyst

Citizens Bank; Johnston (RI); Hybrid; USD 70,000 - 100,000; Full time

Job summary

Citizens Bank is seeking a detail-oriented professional for the Third-Party Vendor Assessment function. The role involves conducting risk assessments to ensure compliance with regulations and collaborating on projects to enhance risk management processes. The ideal candidate will possess strong analytical and communication skills, with a background in financial services.

Qualifications

• 4+ years experience in risk, audit, compliance, or cybersecurity.
• Proven ability to manage multiple assessments simultaneously.
• Experience drafting clear and well-structured reports.

Responsibilities

• Conduct comprehensive third-party risk assessments.
• Draft organized workpapers and assessment reports.
• Collaborate on improving risk management processes.

Skills

Analytical Skills

Verbal Communication

Written Communication

Risk Assessment

Attention to Detail

Education

Bachelor’s Degree

Tools

Microsoft Word

Microsoft Excel

Job description

Description

The Third-Party Vendor Assessment function adds value by providing specific business function assurance on vendors, in relation to customer, financial and reputational risks. We add value by bringing momentum to action plans to address risk and leveraging findings and best practice on a bank wide scale.

Primary responsibilities include:

• Conduct timely and comprehensive third-party risk assessments in alignment with internal policies, regulatory requirements, and industry best practices.
• Draft clear, detailed, and well-organized workpapers and assessment reports that accurately reflect findings, risk levels, and recommendations.
• Collaborate on cross-functional projects and strategic initiatives aimed at improving third-party risk management processes and tools.
• Actively participate in training sessions, workshops, and knowledge-sharing opportunities to stay current on emerging risks, regulatory changes, and industry trends.
• Communicate effectively with internal stakeholders and third-party vendors to gather necessary information and provide guidance on risk mitigation strategies.
• Identify opportunities to enhance assessment methodologies, tools, and workflows to drive efficiency and effectiveness.

Qualifications:

• Proven ability to manage multiple third-party risk assessments and related activities simultaneously, while maintaining attention to detail and meeting deadlines.
• Strong verbal and written communication skills, with the ability to effectively engage and collaborate with internal stakeholders and external vendors.
• Demonstrated analytical skills to identify, assess, and classify inherent and residual risks across various domains.
• Experience drafting clear, concise, and well-structured workpapers and risk assessment reports.
• Prior experience in a financial services organization, particularly within Risk, Audit, Compliance, Cybersecurity, or Third-Party Risk functions.
• Proficient in Microsoft Word and Excel, with the ability to create and manage documentation, reports, and data analysis tools.
• Skilled in gathering and analyzing evidence through diverse methods such as email correspondence, virtual sessions, onsite visits, and document reviews.
• Familiarity with evaluating a wide range of evidence sources, including artifacts, interviews, process walkthroughs, policy reviews, independent audits, and system demonstrations.

Education, Certifications and/or Other Professional Credentials:

• Bachelor’s Degree (preferred)
• 4+ years experience

Hours & Work Schedule

• Hours per Week: 40+
• Work Schedule: Monday-Friday (4 days in office, 1 day remote)

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.