Third Party Risk Analyst

Job Title

Third Party Risk Analyst

Job Description

Role Overview

We are currently seeking a Third Party Risk Analyst to join our Global Procurement Solutions Team (GPS) team in London.

This role presents an excellent opportunity for a motivated and detail-oriented junior professional with experience in areas such as risk management, procurement, business analysis, contract management, change management, or related disciplines.

The Analyst will support the migration and validation of the organisation’s third-party inventory into a comprehensive, enterprise-wide risk management system. This position plays a key role in enabling the transition from legacy processes to a more structured, transparent, and scalable framework for managing third-party risks.

In addition to project-based responsibilities, the Analyst will provide ongoing support to the Third Party Risk Manager. Core activities include assisting with third-party risk assessments, tracking remediation actions, supporting due diligence processes, and maintaining accurate records within the third-party inventory and risk register.

This is a truly global role, providing support to Pacific Life Re offices across multiple jurisdictions, including Australia, Singapore, Bermuda, the United Kingdom, Canada, and more. The Global Procurement Solutions (GPS) function is primarily based at Pacific Life’s headquarters in Newport Beach, California, ensuring consistency with enterprise-wide procurement standards and best practices. The position offers exceptional exposure to enterprise risk frameworks, international regulatory requirements, and cross-functional collaboration – making it an outstanding opportunity to develop foundational expertise in third-party risk management within a global organisation.

Role Responsibilities

Project Specific Responsibilities

• Engage with business stakeholders to confirm and update third-party records, identify information gaps, and ensure all required metadata is captured.
• Document arrangement types for each third party, referencing relevant contracts to align with the new risk assessment framework.
• Enter validated third-party data and arrangement details into the risk management system, ensuring correct categorisation by risk type and service.
• Obtain formal approval from business owners and stakeholders for data submitted to the system, providing regular progress updates and seeking routine sign-off.
• Escalate material risks or issues to the Third-Party Risk Manager promptly.

Third Party Risk Responsibilities

• Conduct risk assessments of third-party vendors, suppliers, and partners.
• Maintain accurate records and data integrity within the risk management system, supporting audit and regulatory requirements.
• Identify and escalate potential risks or control gaps to senior team members.
• Assist in reviewing and collecting due diligence documentation from third parties.
• Liaise with internal teams (e.g., Sourcing, Legal, Information Security, Data Privacy, Business Continuity) to support onboarding and monitoring of third parties.
• Support business users in adherence to internal standards and external regulatory standards

Skills & Experience

• Early-career professionals with experience in Risk Management, Procurement, Business Analysis, Contract Management, Change Management, or related disciplines (minimum 1+ years in a professional setting).
• Strong analytical and critical thinking abilities, with a keen eye for detail.
• Clear and effective communication skills, coupled with developing stakeholder management capability.
• A developing understanding of Procurement processes and Third Party Risk Management principles.
• Demonstrated proficiency in documentation, data validation, and maintaining accurate records.

Desirable

• Previous experience within a Procurement or Risk Management function.
• Exposure to the Financial Services industry.
• Relevant professional qualifications in Procurement, Risk Management or Change/Business Management.

Competencies and Behaviours:

• Collaboration, communication, problem solving, analytical thinking, customer focus, data-driven decision making, strategic thinking, and accountability.
• Ability to model Pacific Life Re’s company values and behaviours on a day-to-day basis.

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits (Only for Permanent and Fixed Term Employees)

Leave

• 25 days of annual leave with option to buy/sell more days 

• Adoption and fertility leave 

• Generous enhanced parental leave 

Healthcare

• Comprehensive private insurance coverage for employee and dependents

• Group Life Insurance coverage of 9x basic annual salary and Group Income Protection up to 75% of basic annual salary 

• Optical benefits 

Savings & Retirement

• 15% combined employee/employer contributions 

Wellness

• Subsidized gym membership 

• Access to Employee Assistance Program 

• Cycle to Work and Electric Car Salary Sacrifice Scheme 

• Time off for volunteering 

• Charitable matching of employee donations 

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please click here to view our company values