Third Party Risk Analyst

Citizens Financial; Johnston (RI); Hybrid; USD 80,000 - 110,000; Full time

Job summary

Citizens Financial seeks a Third Party Risk Analyst to manage vendor issues and conduct Third Party Assessments. You will interface with business leaders and vendors to assess risk and review controls, proposing action plans to mitigate gaps in the vendor environment.

The role requires evaluating vendor controls, applying regulatory frameworks, leading risk assessments, and preparing reports for diverse audiences. Travel within the United States is required.

Qualifications

• Ability to navigate program requirements independently.
• Demonstrates strong analytical skills to identify inherent and residual risks.
• Experience in financial services: Risk, Audit, Compliance, Cyber or Third-Party Risk.

Responsibilities

• Evaluating third party vendors' control infrastructure effectiveness and obtaining evidence of controls.
• Applying audit, security, and regulatory frameworks (ISO 27001, GLBA, SOX, PCI, HIPAA, FFIEC).
• Assisting in GRC program design, process improvements, and tool implementations.
• Leading current and continual risk assessments and producing risk metrics.
• Collaborating with business leaders to facilitate risk analysis and define responsibilities.
• Maintaining enterprise risk exception processes for noncompliance.
• Supporting regulatory exam preparation and remediation.
• Producing Third Party Vendor Assessment reports for diverse audiences.
• Translating security risk and communicating with business partners.
• Travel within the United States is required.

Skills

Advanced critical thinking

Verbal and written communication

Independent navigation of program

Stakeholder management

Analytical risk assessment

Leading conference calls

Experience in financial services risk

Education

Bachelor's Degree (preferred)

Relevant industry certifications (CISA, CRCM, CRISC, CTPRP, TPCRA) (preferred)

Tools

Microsoft Word

Microsoft Excel

Job description

As the Third Party Risk Analyst , you will manage vendor issues and execute Third Party Assessments. This will include managing relationships with both business leaders and vendors, while providing robust and challenging insight on business risk and on the adequacy and effectiveness of the test control processes in place. The role holder delivers assessment review and provides opinion on the quality of the vendor control environment as is needed to meet Citizens policies including identifying issues and subsequently assisting the business to agree to any appropriate action plans to mitigate the risk. The Third-Party Assessment function adds value by providing specific business function assurance on vendors, in relation to customer, financial or reputational risk and bringing momentum to action plans to address risk and leveraging findings and best practice on a bank wide scale.

Primary responsibilities

• Evaluating third party vendors' control infrastructure effectiveness and obtaining evidence of controls.
• Applying experience in audit, security and regulatory frameworks including ISO 27001, GLBA, SOX, PCI, HIPPA, States Privacy Regulation and FFIEC.
• Assisting in Governance Risk and Compliance (GRC) program's design, process reengineering or enhancements and tool and technology implementations as applicable.
• Leading current risk assessments, continual risk assessments, and risk metrics and visualizations.
• Working directly with key business leaders to facilitate risk analysis and risk management processes, identifying acceptable levels of risk and establish roles and responsibilities with regards to risk management.
• Maintaining and monitoring enterprise risk exception process to identify areas of noncompliance.
• Supporting and participating in regulatory exam preparation and execution as well as remediation where applicable.
• Producing Third Party Vendor Assessment reports that clearly articulate risks in order to speak to a varied audience.
• Translating security risk and communicating effectively to business partners within the organization.
• The ability to travel within the United States is required.

Qualifications, Education, Certifications and/or Other Professional Credentials

Required Qualifications

• Ability to navigate program requirements independently. Demonstrates advanced critical thinking.
• Identifies opportunities and recommended solutions.
• Ability to appropriately manage multiple assessments and related activities.
• Demonstrates strong verbal and written communications amongst various internal and external stakeholders.
• Strong analytical skills to identify and classify inherent and residual risks.
• Effectively leads calls with various stakeholders to achieve desired results.
• Experience in financial services organization, particularly in Risk, Audit, Compliance, Cyber or Third-Party Risk.
• Proficient use of Microsoft Word and Microsoft Excel.
• Experience gathering and analyzing evidence through various methods (e.g., email, virtual sessions, or onsite) and sources (e.g., artifacts, interviews, meetings, demonstrations, independent audits, review of processes/policies, etc.).

Preferred Qualifications

• Bachelor's Degree (preferred) Holds relevant industry certification(s) (i.e. CISA, CRCM, CRISC, CTPRP, TPCRA, etc.) (preferred)

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: 8-5 (4 days in office, 1 day remote)

Work Authorization

This role is not eligible for new employer sponsored or current H-1 B visa holders. Applicants, including current OPT, L and other visa holders, must be authorized to work in the U.S. without the need for new employer sponsorship for themselves or their spouses now and in the future.