Third Party Risk Management Analyst

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Full Time Alexandria, VA, US

4 days ago Requisition

CLASSIFICATION: Non-exempt

REPORTS TO: Program Manager, Third Party Risk Management

Under the direction of the Program Manager, Third Party Risk Management, the Third‑Party Vendor Risk Analyst supports the execution of the Bank’s Third‑Party Risk Management (TPRM) Program by performing day‑to‑day operational, analytical, and facilitation activities. In partnership with the Program Manager, the Analyst helps strengthen and sustain effective vendor review cadence by coordinating stakeholder inputs, producing complete and traceable documentation, and preparing exam‑ready artifacts.

This role ensures vendor risk activities—including due diligence, ongoing monitoring, documentation, and issue tracking—are executed in a timely, consistent, and examination‑defensible manner.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Execute day‑to‑day third‑party risk management activities for new and existing vendors in accordance with the Bank’s TPRM Program, with heightened focus on critical and GLBA‑High risk relationships. Support initial due diligence and ongoing risk assessments by collecting, validating, and documenting required artifacts and supporting materials for higher‑risk vendors to facilitate effective review, challenge, and approval by the Program Manager.
• Maintain and manage the rolling vendor review schedule established by the Program Manager, ensuring critical and high‑risk third‑party relationships are prioritized and reviewed in accordance with established cadence and monitoring requirements. Coordinate with internal stakeholders, including Information Security, IT, Compliance, Finance, and Accounting, to obtain required risk assessment inputs and documentation necessary to support vendor reviews, providing enhanced facilitation for critical and GLBA‑High risk vendors.
• Track vendors review progress, outstanding action items, and remediation activities, maintaining visibility into reviews, documentation gaps, and issue resolution. Proactively elevate aging, overdue, or at‑risk items to the Program Manager to support timely awareness, decision‑making, and risk mitigation.
• Prepare, maintain, and organize comprehensive vendor review documentation, including executive summaries, evidence inventories, and issue tracking materials, with enhanced rigor applied to files associated with critical and GLBA‑High risk vendors. Ensure that vendor risk conclusions and assigned risk ratings are clearly, consistently, and defensibly supported by documented evidence prior to Program Manager review and sign‑off.
• Assist in documenting risk acceptance decisions and remediation status under the direction of the Program Manager, ensuring alignment with TPRM program standards, internal governance expectations, and applicable regulatory requirements.
• Identify procedural gaps, workflow inefficiencies, and documentation issues encountered during third‑party risk management execution, particularly those impacting oversight of critical and GLBA‑High risk vendors. Escalate observations and improvement opportunities to the Program Manager for program‑level evaluation and continuous improvement.
• Support ad hoc projects, process enhancements, and targeted initiatives led by the Program Manager to strengthen third‑party risk governance, operational effectiveness, and overall program maturity.

• Contract and Procurement Support

Support the Program Manager by tracking vendor‑related review milestones (including onboarding, renewals, and amendments). Ensure required vendor review documentation is complete, accurate, and available to support informed contractual decisions prior to execution.

• Governance, Metrics, and Reporting Support

Compile and maintain program metrics, status reports, and supporting materials used to measure and monitor Third‑Party Risk Management (TPRM)…