P02 - Third Party Risk Analyst

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What We'll Bring:

Overview / Position Summary: • The Third Party Risk Management Analyst is responsible for supporting the Third Party Risk Management Lead in building and operating the Third Party Risk Management programme for TransUnion UK.• The post holder will provide in-depth analysis of Third Party data and reports, identifying patterns and trends as well as opportunities for improvement to inform decision making as well as collate and maintain all records, documents and data pertaining to Third Partys and Third Party Risk Management activities.

What You'll Bring:

Core Accountabilities / Responsibilties:

• Create, maintain and distribute reports for internal and external stakeholders.
• Collaborate with cross functional peers to develop and improve data and reporting.
• Analyse Third Party performance through MI, any key concerns or issues are highlighted and escalated accordingly to the Third Party Risk Management Lead.
• Provide regular insight on Third Party/partner performance to Third Party Risk Management Lead**.**
• Provide support and guidance to business owners on the Third Party Risk Management process and requirements, ensuring stakeholders are aware of their responsibilities and carry out their duties effectively.
• Liaise with Third Partys and stakeholders to arrange regular review meetings (attending as required) and maintain any resultant action plans defined by relationship owners, risk, and issue logs to improve any shortfalls in performance.
• Ensuring the Third Party Inventory is maintained, including adding new Third Parties to the inventory and working with Procurement-focused colleagues to gather an appropriate level of information as part of the onboarding process.
• Ensure Third Party governance and risk documentation is maintained, up to date and reviewed regularly as per requirements to the highest standards (i.e. Tiering, Meeting Minutes, Exit Plans, Risk Registers etc.)
• Create and maintain performance scorecards on Third Partys using data provided by relationship owners.
• Manage and escalate when appropriate any compliance matters or issues arising from 3rd party Third Partys.
• Assess and monitor key Third Partys' supply chain and subcontracting risks, ensuring a full subcontracting list is maintained and refreshed regularly for our key Third Partys.
• Work with business stakeholders in remediating any audit actions and ensure clear remediation evidence is provided.
• Work with stakeholders & Third Party Risk Management Lead to improve any shortfalls in adherence to the Third Party Risk Management policy & minimum standards, escalating where required.
• Work with Third Partys, stakeholders and Third Party Risk Management Lead to further enhance process.
• Ensure robust action plans in place and actions followed up with stakeholders and Third Partys where deviation in performance from a conduct, risk or compliance perspective.
• Provide Third Party insights to the Procurement team to inform sourcing/renewal decisions.
• Create and maintain business toolkit ie. policy, process, templates, guides

Impact You'll Make:

Job Information:

Overview / Position Summary:

• The Third Party Risk Management Analyst is responsible for supporting the Third Party Risk Management Lead in building and operating the Third Party Risk Management programme for TransUnion UK.
• The post holder will provide in-depth analysis of Third Party data and reports, identifying patterns and trends as well as opportunities for improvement to inform decision making as well as collate and maintain all records, documents and data pertaining to Third Partys and Third Party Risk Management activities.

Core Accountabilities / Responsibilties:

• Create, maintain and distribute reports for internal and external stakeholders.
• Collaborate with cross functional peers to develop and improve data and reporting.
• Analyse Third Party performance through MI, any key concerns or issues are highlighted and escalated accordingly to the Third Party Risk Management Lead.
• Provide regular insight on Third Party/partner performance to Third Party Risk Management Lead**.**
• Provide support and guidance to business owners on the Third Party Risk Management process and requirements, ensuring stakeholders are aware of their responsibilities and carry out their duties effectively.
• Liaise with Third Partys and stakeholders to arrange regular review meetings (attending as required) and maintain any resultant action plans defined by relationship owners, risk, and issue logs to improve any shortfalls in performance.
• Ensuring the Third Party Inventory is maintained, including adding new Third Parties to the inventory and working with Procurement-focused colleagues to gather an appropriate level of information as part of the onboarding process.
• Ensure Third Party governance and risk documentation is maintained, up to date and reviewed regularly as per requirements to the highest standards (i.e. Tiering, Meeting Minutes, Exit Plans, Risk Registers etc.)
• Create and maintain performance scorecards on Third Partys using data provided by relationship owners.
• Manage and escalate when appropriate any compliance matters or issues arising from 3rd party Third Partys.
• Assess and monitor key Third Partys' supply chain and subcontracting risks, ensuring a full subcontracting list is maintained and refreshed regularly for our key Third Partys.
• Work with business stakeholders in remediating any audit actions and ensure clear remediation evidence is provided.
• Work with stakeholders & Third Party Risk Management Lead to improve any shortfalls in adherence to the Third Party Risk Management policy & minimum standards, escalating where required.
• Work with Third Partys, stakeholders and Third Party Risk Management Lead to further enhance process.
• Ensure robust action plans in place and actions followed up with stakeholders and Third Partys where deviation in performance from a conduct, risk or compliance perspective.
• Provide Third Party insights to the Procurement team to inform sourcing/renewal decisions.
• Create and maintain business toolkit ie. policy, process, templates, guides

Required Skills / Qualifications / Experience:

Essential

• Previous experience and proficient as an analyst.Experience in Third Party Risk Manageme