Third Party Risk Analyst - FTC

Position: Third Party Risk Analyst - 12 Month FTC

Vitality Bournemouth, England, United Kingdom

5 days ago Be among the first 25 applicants

Team

Sourcing - Group Operations

Working Pattern

Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.

Please note this is a 12 month secondment opportunity.

We are happy to discuss flexible working.

Top 3 skills needed for this role

• Analytical & Detail-Oriented Approach
• Problem-Solving Mindset
• Proficiency in Risk Tools & Systems

What this role is all about

Join our dynamic Sourcing team as a Third Party Risk Analyst and play a pivotal role in safeguarding Vitality’s operations and reputation. You’ll be at the forefront of implementing our Third Party Risk Management Framework, identifying, evaluating, and mitigating risks from external suppliers to ensure seamless compliance and resilience.

Key Actions

• Conduct thorough due diligence on third parties before onboarding, ensuring they meet the Vitality’s standards related to security, compliance, financial stability, and Sanction Screening. This may also involve reviewing the third-party’s policies, procedures, audits, and other relevant documentation.
• Effectively identify risks associated with the onboarding of new third parties and a portfolio of risk categorized suppliers via the Third-Party Risk Management process, managing review cycles, issuing and tracking of risk questionnaires, review and evaluation of responses, and compliance, to mitigate Vitality against any potential risk.
• Populate and maintain the Vitality Third Party Risk Management Database, contained within One Trust, covering all third parties that Vitality engages with.
• Support the wider Sourcing Team throughout the Sourcing Lifecycle and provide flexible resource.
• Develop strategies and plans to mitigate identified risks by implementing controls, suggesting modifications to third-party relationships, or proposing alternative solutions.
• Ongoing monitoring of third-party relationships to ensure risks are managed effectively. Maintain detailed reports outlining the status of third-party risks for senior management and relevant stakeholders.
• Utilize tools to support third-party risk activity, including a financial tracking system, and workflow system.
• Perform system administration and testing of applications used during Sourcing/Third-Party Risk processes.
• Act as a point of contact for any third-party queries and support supplier audits where required.

What do you need to thrive?

• A highly organized individual, capable of effectively managing workload and prioritizing demand to meet stakeholder expectations.
• Logical and analytical thinker, able to effectively understand processes.
• Excellent attention to detail.
• High proficiency in Office 365 Suite.
• Understanding of essential concepts of Operational & Third Party Risk Management.

So, what’s in it for you?

• Bonus Schemes – a bonus that regularly rewards you for your performance.
• A pension of up to 12% – we will match your contributions up to 6% of your salary.
• Our award-winning Vitality health insurance – with its own set of rewards and benefits.
• Life Assurance – Four times annual salary.

Our promise to you

• Help you to be the healthiest you’ve ever been.
• Create an environment that embraces you as you are and enables you to be your best self.
• Give you flexibility on how, where and when you work.
• Help you advance your career by playing to your strengths.
• Give you a voice to help our business grow and make Vitality a great place to be.
• Give you the space to try, fail and learn.
• Provide a healthy balance of challenge and support.
• Recognise and reward you with a competitive salary and amazing benefits.
• Be there for you when you need us.
• Provide opportunities for you to be a force for good in society.

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance and Sales

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