Third Party Risk Analyst

hackajob*
is collaborating with
Vitality
to connect them with exceptional tech professionals for this role.*
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

• Be responsible for conducting 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 categorised 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.
• 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, develops strategies and plans to mitigate these risks by implementing controls, suggesting modifications to third-party relationships, 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.
• Utilisation of tools to support third-party risk activity, including a financial tracking system, and workflow system.
• Be responsible for the 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 to support supplier audits where required.

What do you need to thrive?

• 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
• Understands the 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

These 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, w
e 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.