Our team members are at the heart of everything we do. At Cencora, we are united in our responsibility to create healthier futures, and every person here is essential to us being able to deliver on that purpose. If you want to make a difference at the center of health, come join our innovative company and help us improve the lives of people and animals everywhere. Apply today!
Job Details
The Third-Party Risk Analyst is responsible for managing ongoing performance monitoring, due diligence, and onboarding for third party relationships while facilitating strong working relationships with Risk Groups, the Legal Department, Vendor Service Owners (VSOs), Sourcing, and other internal risk management and assurance partners. This position reports to the Third-Party Risk Manager in Enterprise Risk Management but may also serve as a shared resource within other teams in Enterprise Risk Management on specific projects.
Primary Duties and Responsibilities
Identify, measure, and report operational and Third-Party Risk Management risks
Support management of third-party risk onboarding and due diligence by ensuring appropriate risk assessments are completed
Assist Business Owners with due diligence documentation and evaluation of third-party relationships
Execute issue management end-to-end activities (issue identification, prioritization, assignment, remediation, closure) for matters pertaining to third parties
Ensure adequate, appropriate, and current third-party risk documentation is maintained in the Third Party Risk Management Software System
Leverage the Third-Party Risk Management Software System as the system of record and as a reporting tool to analyze vendors for risk analysis
Consult with business leaders to effectively manage change when required
Provide risk oversight for process improvement projects, as needed
Liaise with senior management and Third-Party Risk Management stakeholders
Oversee and / or develop ongoing monitoring activities in alignment with TPRM policy
Provide subject matter expertise on certain components of Third-Party Risk Management
Assist in developing training materials to support the Third-Party Risk Management program; help facilitate internal training of stakeholders on Third-Party Risk Management program requirements
Work with other risk functions to understand, support and / or advise in development and implementation of controls that mitigate risks
Provide quality control review on data and submissions by the Business Sponsors
Assist in the creation of desktop procedures for departmental processes
Maintain policies and other governance documents relating to the Third Party Risk Management program
Monitor and evaluate the adequacy and effectiveness of the various inter-dependent risk and related program policies, procedures, processes, systems, and internal controls that will help effectively manager third party risk
Prepare reports and communicate risk findings and recommendations to senior management and stakeholders
Review contracts to ensure inclusion of particular required terms and conditions
Work with management and stakeholders to ensure proper vendor termination procedures are in place and enforced
Continuously refine and adapt the Third Party Risk Management Program in response to emerging trends, and evolving industry best practices, and regulatory requirements.
Perform other duties as assigned
Experience and Educational Requirements:
Bachelors Degree - required
Minimum Skills, Knowledge and Abilities Requirements:
Strong understanding of risk management principles and practices, particularly as they relate to third party relationships
Familiarity with contract negotiation, invoice processing or legal terms review preferred
Proficiency in data analysis and the ability to assess and interpret contracts, compliance documentation, and financial statements
Excellent written and verbal communication skills required for reporting findings, communicating with vendors and collaborating with internal stakeholders
The ability to identify and mitigate risks, as well as to develop effective risk mitigation strategies
Self-motivated, ability to work independently, strong organizational skills
Ability to multitask and work in a fast paced environment
Consistently delivers results and meets deadlines
Proactive problem solver
Ability to communicate clearly and with confidence to all associate levels
Excellent judgement and critical thinking
Results orientated and detail driven
Proficient in Word, Excel, Outlook, PowerPoint
Willingness to learn new technology systems or programs
Experience with flowcharting software
Prior experience in Third Party Risk Management, Procurement, or managing supplier relationships is preferred
High ethical standards and the ability to handle sensitive information with confidentiality
What Cencora offers
We provide compensation, benefits, and resources that enable a highly inclusive culture and support our team members' ability to live with purpose every day. In addition to traditional offerings like medical, dental, and vision care, we also provide a comprehensive suite of benefits that focus on the physical, emotional, financial, and social aspects of wellness. This encompasses support for working families, which may include backup dependent care, adoption assistance, infertility coverage, family building support, behavioral health solutions, paid parental leave, and paid caregiver leave. To encourage your personal growth, we also offer a variety of training programs, professional development resources, and opportunities to participate in mentorship programs, employee resource groups, volunteer activities, and much more. For details, visit https://www.virtualfairhub.com/cencora
Full time
Salary Range*
$57,900 - 85,360
*This Salary Range reflects a National... For full info follow application link.
Equal Opportunity Employer/Minority/Female/Disability/Veteran
