Analyst, vendor relations (Third Party Risk)

Position Summary

The Third Party Risk Analyst is responsible for assessing, monitoring, and managing risks associated with Western Union’s third-party vendors, suppliers, and service providers. This role ensures compliance with regulatory requirements, internal policies, and risk management standards while supporting business objectives through effective vendor risk oversight.

Key Responsibilities

Third-Party Risk Assessments

· Conduct due diligence reviews and risk assessments for prospective and existing third-party vendors.

· Analyze vendor responses to risk questionnaires and supporting documentation.

· Identify, document, and communicate vendor risks and remediation requirements.

· Perform periodic reviews of vendor risk profiles and criticality assessments.

· Monitor vendors for emerging risks, control deficiencies, adverse events, and compliance concerns.

· Track remediation activities and validate closure of identified issues.

Reporting and Stakeholder Engagement

· Present risk findings and recommendations to business units and management.

· Partner with Information Security, Compliance, Legal, Procurement, Treasury, and business stakeholders to address vendor risks.

· Escalate significant risks in accordance with established procedures.

Qualifications

Required

· High school diploma or quivalent

· Strong analytical, communication, and organizational skills.

· Proficiency with Microsoft Office Suite, particularly Excel, PowerPoint, and Word.

Preferred

· Experience in Third-Party Risk Management (TPRM), Vendor Risk Management (VRM), Information Security, Compliance, Audit, Operational Risk, or Project Management.

· Knowledge of risk assessment methodologies and vendor due diligence practices.

· Knowledge of DORA, NIST, ISO 27001, FFIEC, or other regulatory and security frameworks.

Key Competencies

· Stakeholder Management

· Critical Thinking

· Written and Verbal Communication

· Attention to Detail

· Problem Solving