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Third-Party Risk Analyst
Job Posted: 8 hours ago
Salary: Competitive
Job Type: Permanent
Location: Bournemouth
Expire in: a month
Job Description
About The Role
Team – Sourcing - Group Operations
Working Pattern - Hybrid – 2 days per week in the Vitality Bournemouth Office. Full time, 35 hours per week.
Top 3 skills needed for this role:
A keen learner
Ability to manage multiple deadlines
Knowledge of Operational RiskWhat this role is all about:
Join our dynamic team at Vitality as a Third-Party Risk Analyst and help us navigate the world of third-party risks with confidence!
As part of the Sourcing team, the Third Party Risk Analyst will support with the implementation of Vitality’s Third Party Risk Management Framework. The role will be focused on identification and mitigation of risk from Vitality’s third-party suppliers, ensuring that a third-party’s actions do not negatively impact Vitality’s operations, reputation, or compliance status.
Key Actions
You will conduct thorough due diligence on third parties before onboarding with us. This will ensure they meet the Vitality standards related to security, compliance, financial stability, and Sanction Screening.
Effectively identify risks associated with the onboarding of new third parties and a portfolio of risk categorised suppliers via the Third-Party Risk Management process. You will manage review cycles, issue and track risk questionnaires, review and evaluate responses and to mitigate Vitality against any potential risk.
Be responsible for populating and maintaining the Vitality Third Party Risk Management Database, contained within OneTrust, covering all third parties that Vitality engages with.
Support the wider Sourcing Team throughout the Sourcing Lifecycle and provide flexible resource
Once risks are identified and assessed, develop strategies and plans to mitigate these risks by carrying out controls, or proposing alternative solutions.
An essential aspect of the role involves 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.
Act as a point of contact for any third-party queries and to support supplier audits where required
Be responsible for the system administration and testing of applications used during Sourcing/Third-Party Risk processes.
What do you need to thrive?
Understands the essential concepts of Operational & Third Party Risk Management.
A highly organised individually, capable of effectively managing workload and prioritising demand in order to meet stakeholder expectations.
Be adept at thinking logically and analytically, with the ability to effectively understand processes.
Possess an excellent attention to detail.
Possess a high degree of proficiency of Office 365 Suite.
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 salaryThese are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successful in your application and join us at Vitality, this is our promise to you, we will:
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 you 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.We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
We’ve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives – they benefit, our business benefits, and society benefits. We’re successful because we attract, develop, and retain the best people – and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Ready to find out if we’re the right fit for you? We can’t wait.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possibleBefore You Apply
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