Third Party Risk Analyst

Are you a meticulous and detail-oriented professional looking for a new challenge? Northern Trust is seeking a Third Party Risk Analyst to join our team and help us manage the risks associated with our third-party relationships. In this role, you will play a critical role in protecting our organization from potential risks and ensuring the safety and security of our clients' assets. We are looking for a candidate with a strong analytical mindset, excellent communication skills, and a passion for risk management. If you are ready to take on a dynamic and rewarding role in a global financial institution, we encourage you to apply for this position.

1. Conduct thorough risk assessments of third-party relationships to identify potential risks and vulnerabilities.
2. Develop and implement risk management strategies and processes to minimize potential risks and ensure compliance with regulatory requirements.
3. Monitor and review third-party contracts and agreements to ensure they align with company policies and risk management standards.
4. Collaborate with key stakeholders to identify and address any potential risks related to third-party relationships.
5. Stay updated on industry regulations and best practices related to third-party risk management.
6. Communicate effectively with internal and external stakeholders to address any concerns or issues related to third-party risk.
7. Maintain accurate and up-to-date records of third-party risk assessments and mitigation efforts.
8. Analyze data and provide insights on potential risk areas to senior management.
9. Conduct regular reviews and audits of third-party relationships to ensure ongoing compliance.
10. Develop and deliver training programs to educate employees on risk management policies and procedures.
11. Identify and escalate any urgent or high-risk situations to senior management.
12. Proactively identify opportunities for process improvements and recommend solutions to enhance risk management practices.
13. Serve as a subject matter expert on third-party risk management and provide guidance and support to other team members.
14. Collaborate with cross-functional teams to ensure a coordinated approach to third-party risk management.
15. Adhere to all company policies and procedures, as well as regulatory requirements, while performing job duties.

According to JobzMall, the average salary range for a Third Party Risk Analyst is between $60,000 to $90,000 per year. However, this can vary depending on factors such as location, level of experience, and specific job duties. Some Third Party Risk Analysts may earn higher salaries, particularly if they have advanced certifications or work for larger organizations.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.