Vendor Risk Analyst - Hybrid in Draper UT

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best. Here, you will find a culture guided by inclusion, talented peers, comprehensive benefits and career development opportunities.

Come make an impact on the communities we serve as you help us advance health optimization on a global scale. Join us to start Caring. Connecting. Growing together.

The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data, and resources they need to feel their best. You will work in the Optum division of United Health Group. Optum delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health.

United Healthcare offers a full range of health benefits, enabling affordable coverage, simplifying the health care experience, and delivering access to high-quality care.

Come make an impact on the communities we serve as we help advance health equity on a global scale. Here, you will find talented peers, comprehensive benefits, a culture guided by diversity and inclusion, career growth and opportunities.

Reporting to the Director, the Vendor Risk Analyst supports the Second line of Defense risk management department in accordance with US regulations, bank policies and industry practices for Risk Management.

This is a hybrid role with the expectation to be onsite 3-4 days a week in the Draper UT location.

• Assist in the development of a robust Vendor Risk framework at the bank
• Conduct thorough assessments of vendors and third-party relationships to identify potential risks and areas of improvement
• Ability to read and understand financial statements and write up vendor's financial risk assessment
• Develop and implement vendor risk management strategies and processes to ensure compliance with company policies and industry regulations
• Collaborate with cross-functional teams to establish and maintain effective vendor risk management practices
• Monitor and track vendor performance and compliance, identifying any gaps or issues and recommending corrective actions
• Communicate clear and concise risk assessments and recommendations to senior management and key stakeholders
• Act as a subject matter expert on vendor risk management, providing guidance and support to internal teams
• Collaborate with 1st line and different support functions to develop day-to-day risk management metrics, which quantify the division's exposure to various types of Vendor Risk
• Continuously evaluate and improve vendor risk management processes to enhance efficiency and effectiveness
• Report on Vendor Risk across various dimensions (information security, financial, geographic, Model, etc.)
• Coordinate Vendor Risk Assessments, working with subject matter experts, and vendor managers

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

• 4+ years of direct work experience within Vendor Risk Management/ Third Party Assessment
• Solid understanding of risk management principles and experience in assessing and mitigating vendor/third party risks
• A solid understanding of second-line frameworks related to Vendor Risk Management
• Basic understanding financial statements preferably from the banking industry
• Willing or ability to be on-site Draper, UT (Hybrid work)

• 4+ years of experience of assessing Vendor/ Third Party Risks during on-boarding.
• 2+ years of eGRC Archer experience
• Experience contributing to development of materials and reports for senior and executive level management (e.g., Board and Management Level Committee)
• Thorough understanding of policies and best practices of risk management (certifications)
• Proven relationship management skills including managing and engaging stakeholders, customers, and vendors, and building relationship networks

All employees working remotely will be required to adhere to United Health Group's Telecommuter Policy

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives.

The salary for this role will range from $58,800 to $105,000 annually based on full-time employment. We comply with all minimum wage laws as applicable.

Final date…