Third Party Risk Analyst

Third Party Risk Analyst

Location: Charlotte, NC, US, 28277

Where you’ll work:
Our hybrid workplace model offers the freedom to work fully remote or occasionally in one of our offices. This is a remote position with a hybrid option for candidates based in Charlotte, NC.

How you’ll contribute:
This position reports to the Head of Third-Party Risk Management.

As a Third-Party Risk Analyst, you’ll be responsible for:

• Performing Third-Party Risk Management duties through cooperative effort with Third Parties, Business Partners, Risk Partners, and the Procurement Team.
• Coordinating and managing ongoing Third-Party risk assessments on set schedules, including completion of the Inherent Risk Questionnaire, Vendor Risk Questionnaire, and fulfilment of the due diligence request list.
• Collaborating with assigned internal business partners to evaluate risks related to certain third-party service providers, as part of the company’s overall third-party risk management program.
• Engaging with Procurement, Legal, Risk Partners, and Business Unit Vendor Managers to develop criteria for monitoring vendors’ risk and performance effectiveness.
• Communicating results of third-party risk assessments with Business Unit Vendor Managers, obtaining risk acceptance as needed.
• Monitoring issue remediation activities are completed.
• Organizing, facilitating, and leading risk review meetings among Third Parties, Risk Partners, Procurement, and Business Unit Vendor Managers.
• Ensuring contract compliance, managing vendors’ deliverables and obligations, and monitoring vendor performance.
• Serving as a point of contact for third party risk oversight activities.
• Executing the Third-Party Risk Methodology and provide training/guidance to Procurement, Business Partners, Business Unit Vendor Managers, and Third Parties/Vendors.
• Support the risk reporting and key metric processes.

In this role, you’ll get to:

• Implement third-party risk processes into the enterprise GRC system, IBM OpenPages.
• Collaborate with Procurement, Legal, and Risk Partners throughout all phases of the third-party lifecycle.
• Participate in designing the expanded use of IBM OpenPages for Third-Party Risk processes.

We’re looking for people who have:

• A Bachelor’s degree from an accredited college/university is preferred.
• Third-Party Risk Management Certification is a plus.
• 7+ years of professional experience in Third Party Risk Management, Procurement, or Vendor Management.
• Experience managing complex third-party relationships is preferred. Experience in the life insurance industry is a plus.
• Solid understanding of the regulatory and business environment around third party risk and procurement systems.
• Strong interpersonal and communication skills who works well in a team environment.
• Demonstrated ability to work in a diverse environment adhering to the highest ethical standards.
• Broad working knowledge of vendor risk management best practices
• Above average knowledge of vendor contracts and risk constructs
• Strong working knowledge of supplier SLAs, KPIs, and risk management techniques
• Understanding and commitment to the continuous business improvement process
• Understanding of the business needs and requirements for procured goods and services
• Experience with GRC technology solutions including GEP SMART, IBM Open Pages, or Power BI is helpful

Research shows some people may not apply for a role if they don’t check all the boxes of a job description. If you don’t check every box listed, that’s okay. We would love to hear from you.

What you’ll receive:

• Compensation – Base salary ranging from $80,000 to $98,000 plus competitive performance-based incentives determined by company and individual results
• Flexible Work Environment – Work fully remote or occasionally in the office to better thrive in all areas of life
• Paid Time Off – Recharge with a minimum of 20 days of paid time off and 16 paid company holidays per calendar year plus paid volunteer time and paid study time
• Financial Health – Work toward achieving your financial goals through our 401(k) savings plan with company match (up to 6%) and annual company nondiscretionary contribution (3%), 15% employee stock purchase plan discount, and financial counseling services
• Health and Wellness – Enjoy competitive medical, vision, and dental plans plus tax-free health savings accounts with potential company contributions up to $1,000 per family
• Family Support – Care for loved ones with up to 16 weeks of paid leave for new parents, back-up dependent care, dependent care flexible spending account, and reimbursement up to a $25,000 lifetime maximum during your adoption, infertility, or surrogacy journey
• Life and Disability Support – Gain access to company-paid basic life insurance and short-term disability insurance

The company and your department may occasionally gather in person throughout the year to foster a culture of belonging and promote team building. We’d love for you to join us during those company-wide and department-wide events to help you strengthen connections across the company.

Why join us?
Brighthouse Financial is on a mission to help people achieve financial security. Our company is one of the largest providers of annuities and life insurance in the U.S.,1 and we specialize in products designed to help people protect what they’ve earned and ensure it lasts.

We empower employees to collaborate and create space for people to bring their passion to work and make an impact. Our inclusive work environment fosters a culture that celebrates diverse backgrounds and experiences.

We’re proud to be a FORTUNE® 500 company2 and recognized as one of Charlotte’s Healthiest Employers by the Charlotte Business Journal. We’re also honored to be named to Newsweek’s inaugural list of America’s Most Trustworthy Companies.
1 Ranked by 2021 admitted assets. Best’s Review®: Top 200 U.S. Life/Health Insurers. A.M. Best, 2022.
2 From FORTUNE © 2022 Fortune Media IP Limited. All rights reserved. Used under license. FORTUNE and FORTUNE 500 are registered trademarks of Fortune Media IP Limited and are used under license. FORTUNE and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Brighthouse Financial.