Jr Risk Analyst

BASIC FUNCTION

The Junior Supply Chain Risk Analyst will assist in identifying, assessing, and managing risks associated with third parties. The junior analyst will support various departments and stakeholders in developing and implementing effective risk management strategies.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Risk Assessment Support: Assist in assessing risks including Geographical, Reputational, Cyber Security, Sanctions, Human Resources, Business Continuity, Anti-Bribery/Anti-Corruption, Artificial Intelligence, ESG, and Privacy.
• Daily Operations: Support day-to-day responsibilities of the SCRM program, including intake and handling of requests for new third parties, gathering documentation for due diligence and onboarding tasks, and maintaining the SCRM database.
• Monitoring: Help monitor third parties for changes in their risk profile, including mergers and acquisitions, regulatory changes, and other external factors.
• Risk Assessment: Conduct preliminary risk assessments on new and existing third parties under supervision.
• Database Maintenance: Ensure the integrity of the SCRM database by accurately documenting and consistently updating contact information, products, and services to maintain reliable and trustworthy data.
• Reporting: Assist in generating standardized reports to inform business owners and management on third-party risk and performance.
• Risk Management: Support effective risk management change initiatives.
• Support: Provide support and expertise to business owners on third-party relationship management.
• Incident Management: Assist in the ongoing management of escalations and incidents related to due diligence and monitoring of third parties.
• Remediation: Help facilitate or assist in the remediation of any third-party-related findings or issues.
• Program Improvement: Contribute to the improvement of the Supply Chain Risk Management Program.
• Vendor Communication: Communicate with third-party vendors to address identified risks and ensure compliance with contractual obligations and regulatory requirements.
• Industry Trends: Stay abreast of industry trends and best practices related to Supply Chain Risk Management.
• Special Projects: Assist with any special projects as needed.

OTHER DUTIES

• Additional duties as directed by management.

JOB QUALIFICATIONS

Education

• Bachelor’s degree in Information Security, Business Administration, or a related field.
• Relevant internships or up to 1 year of experience in third-party risk management or a related field.

Other Knowledge, Skills, Abilities, or Certifications:

• Analytical Skills: Basic ability to evaluate data and identify potential risks and vulnerabilities.
• Communication Skills: Proficient in effectively conveying information to various stakeholders.
• Regulatory Knowledge: Basic familiarity with regulatory requirements related to third-party risk management, such as GDPR, HIPAA, ESG, or PCI-DSS.
• Technical Proficiency: Skilled in Microsoft Office Suite and willingness to learn risk management software.
• Organizational Skills: Strong organizational and time management abilities.
• Attention to Detail: Keen attention to detail, with the ability to prioritize tasks and manage multiple projects simultaneously.
• Teamwork and Independence: Capable of working both independently and collaboratively to deliver high-quality work in a fast-paced environment.