Third Party Risk Management Analyst Job at Securian Financial Group
- At Securian Financial we will consider both P1 (Risk Management Analyst) and P2 (Risk Management Sr. Analyst) candidates for this position.
Overview:
The Third Party Risk Management (TPRM) Analyst will support efforts to manage and mitigate Securian’s third-party risk through creating risk assessments and mitigation plans, participating in ongoing risk management activities, and promoting third-party risk awareness throughout Securian. This role will help to ensure that established due diligence processes and controls are adhered to and new, existing, or modified third-party relationships and all related risks are consistent with internal policies, regulatory guidance, and Securian’s risk appetite.
Responsibilities include but not limited to:
Risk Management
- Partners with the necessary stakeholders, including business owners, Information Security, and other subject matter experts to support a comprehensive, risk-based approach to third-party risk management
- Develops and maintains strong relationships with assigned business units to promote ongoing TPRM education and further Securian strategy
- Completes new and periodic third-party risk assessments through research, interviews, and consultation with internal experts to understand and quantify risks associated with assigned third parties
- Maintains and monitors third-party profiles and risk workspaces in NAVEX
- Works with third parties and internal stakeholders to obtain up-to-date information and documents that are necessary for new and periodic assessments
- Assures that new third parties and new services from current vendors are properly assessed prior to onboarding (i.e., conducts front-end due diligence)
- Identifies and communicates third-party risks to business owners and other stakeholders
- Participates in special projects and assessments pertaining to third-party risk
- Works with appropriate Subject Matter Experts to escalate and review certain third-party risks
- Escalates issues internally when appropriate
Policies and Procedures
- Promotes TPRM workflows, policies, and procedures that are compliant, consistent, and complimentary
- Partners with internal Subject Matter Experts to drive out workflows, policies, and procedures for the completion of risk assessments
- Assures that changes to established policies and procedures are communicated to all relevant parties
- Assists with internal and external audits as needed
Other
- Responds to Securian client due diligence requests
- Assists with gathering and compiling reporting metrics for senior leadership and business owners
- Effectively communicates complex information to various audiences both verbally and in writing
- Establishes trust with business partners through demonstration of knowledge and commitment
- Recommends changes and improvements to TPRM
- Manages multiple projects and assessments simultaneously
- Participates in industry events, continuing education, and programs
Qualifications:
- 1+ years of TPRM, legal, and/or equivalent experience (Compliance, Fraud, Business, etc.)
- Knowledge and application of third-party risk concepts, TPRM best practices, and related professional practices
- Experience applying risk methodologies and concepts to situations in the insurance or financial services industry
- Strong organizational and project management skills, including the ability to handle multiple projects and prioritize many concurrent tasks
- Excellent communication skills (verbal and written) to work effectively, establish credibility and influence at all levels
- Strong analytical abilities and critical thinking
Preferred Qualifications:
- CTPRP and/or other comparable third-party risk management certifications (or desire to pursue such certifications)
- Financial services, legal, and/or insurance industry experience
Physical Job Requirements:
- Ability to utilize keyboard, mouse and computer for up to 8 hours per day
- Ability to work at least 40 hours per week
- Ability to utilize telephone for up to 8 hours per day
- Ability to perform grasping tasks throughout the entire work day (examples: handwriting, grasping of equipment/machines, paper manipulation, sorting, folding, handling stacks of paper)
The physical job requirements described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of jobs.
Securian Financial has been around for 140 years. We’re committed to giving back to our community, donating 15,000 employee volunteer hours this past year. We also provide extensive resources to our employees for professional development and growth and a number of diverse professional and social opportunities throughout the company. There’s a reason our employees have voted us as a best place to work year after year! In addition:
- Generous paid time off. We want you to take time off for whatever matters most to you!
- Tuition reimbursement program. We value continuous learning at Securian!
- Company-funded pension plan as well as 401K retirement plan – great resources to secure your financial future.
- Continuous opportunities for new challenges.
- Variety of health plan options as well as dental and vision plans.
- Paid maternity/paternity leaves.
Securian Financial Group, Inc. does not discriminate based on race, color, creed, religion, national origin, sex, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance, status in a local human rights commission, or any other status or condition protected by local, state or federal law. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by telephone 651-665-5522 (voice), 711 (telecommunications relay), or by email at EmployeeRelations@securian.com.
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