At Globe Life, we are committed to empowering our employees with the support and opportunities they need to succeed at every stage of their career. We take pride in fostering a caring and innovative culture that enables us to collectively grow and overcome challenges in a connected, collaborative, and mutually respectful environment that calls us to help Make Tomorrow Better.
Role Overview:
Could you be our next Vendor Risk Analyst II? Globe Life is looking for a Vendor Risk Analyst II to join the team!
In this role, you will be responsible for partnering with internal business units and vendors to create transparency into the regulatory compliance, consumer privacy, and operational resiliency risks posed by various suppliers and third parties. Key partners and stakeholders in this process include Enterprise Risk Management, Legal, Regulatory Compliance, Information Security, Privacy, and business leaders across the extended enterprise.
This is a hybrid position located in McKinney, Texas (WFH Monday & Friday, In Office Tuesday–Thursday).
What You Will Do:
- Partner closely with key stakeholders to conduct risk assessments of our vendors through the application of established criteria.
- Distribute the results of risk assessments to business leaders and key stakeholders.
- Prepare dashboards of periodic reviews.
- Partner with Business Owners to complete the inherent risk questionnaire for the products/services provided to Globe Life.
- Develop a working knowledge of applicable regulations governing third-party relationships to ensure that the third parties and Globe Life meet all applicable regulatory requirements.
- Complete vendor risk assessments for initial due diligence and ongoing oversight of vendor services to ensure compliance with laws, regulations, and other risk domains.
- Maintain a risk register that defines the risk management program to address potential vulnerabilities across each core risk area, including financial, compliance, and operational risks.
- Develop and maintain high-quality risk assessment documentation covering findings, risk statements, risk ratings, justifications and recommendations in the vendor management tool and risk register.
- Design and facilitate vendor risk assessments for initial due diligence and ongoing oversight of vendor services to ensure compliance with laws and regulations.
- Work closely with Subject Matter Experts (SMEs) across the second-line-of-defense risk and compliance departments to ensure assessments are aligned with the most recent regulatory changes and threats.
- Build strong partnerships with stakeholders (Business Owner and SMEs)
- Collaborate with internal partners to mitigate and resolve third-party risks in the development of corrective action plans. Monitor the execution of corrective action and evaluate the residual risk.
- Ensure third-party data integrity and inventory management within the appropriate risk management application.
- Collect, develop, and analyze Key Risk Indicators (KRIs)
- Drive process improvements to continuously mature the Vendor Risk Management program and framework.
- Assist with the communication, training, and roll-out of new TPRM processes to the various stakeholders across multiple lines of business.
- Manage and administer Vendor Risk Management (VRM) procedures, tools and corresponding support materials.
- Obtain and maintain necessary training to keep current on the discipline of Vendor Risk Management.
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What You Can Bring:
- Bachelor’s degree in Business, Risk Management, or any other quantitative-based degree.
- 3+ years of vendor risk management experience.
- Working knowledge of fundamental risk principles and leading practices (industry certifications a plus)
- Knowledge of and experience in designing and operating third-party risk management governance frameworks and processes to comply with regulatory requirements, guidance, and oversight applicable to the financial services industry.
- Detail-oriented with strong analytical, problem-solving, and organization skills.
- Ability to generate ideas for and support continuous improvement in the department.
- Ability to independently manage and prioritize work; must be able to juggle multiple tasks, tight deadlines, and changing priorities, and will meet deliverables on time.
- Excellent written and verbal communication skills.
- Proficient PC skills, specifically with business-oriented applications such as Microsoft Word, Excel, and PowerPoint.
- Knowledge and understanding of the financial service, insurance, or health care industry.
- Ability to work independently with general supervision.
Applicable To All Employees of Globe Life Family of Companies:
How Globe Life Will Support You:
Looking to continue your career in an environment that values your contribution and invests in your growth? We've curated a benefits package that helps to ensure that you don’t just work, but thrive at Globe Life:
Competitive compensation designed to reflect your expertise and contribution.
Comprehensive health, dental, and vision insurance plans because your well-being is fundamental to your performance.
Robust life insurance benefits and retirement plans, including company-matched 401k and pension plan.
Paid holidays and time off to support a healthy work-life balance.
Parental leave to help our employees welcome their new additions.
Subsidized all-in-one subscriptions to support your fitness, mindfulness, nutrition, and sleep goals.
Company-paid counseling for assistance with mental health, stress management, and work-life balance.
Continued education reimbursement eligibility and company-paid FLMI and ICA courses to grow your career.
Discounted Texas Rangers tickets for a proud visit to Globe Life Field.
Opportunity awaits! Invest in your professional legacy, realize your path, and see the direct impact you can make in a workplace that celebrates and harnesses your unique talents and perspectives to their fullest potential. At Globe Life, your voice matters.
