Description The Third-Party Risk Management (TPRM) Senior Analyst is responsible for facilitating Northwest's risk assessment of third parties and associated services, identifying and documenting inherent risks, and working with business owners and stakeholders to ensure appropriate strategies are in place to manage risks. Essential Functions * Work directly with Northwest's business line Relationship Managers to gain an understanding of the third-party relationships of Northwest's third-party engagement inventory * Gain expertise in all inherent risk assessment questions and consult Relationship Owners to achieve accurate risk assessment results * Communicate with internal third-party Relationship Managers to facilitate the completion of inherent risk and control assessment questionnaires and submission of documentation needed to support the third-party engagement risk assessment. Provide appropriate guidance and advice to Relationship Managers and Third Parties by drawing out useful information, asking appropriate questions, and analyzing feedback * Facilitate the coordination of the third-party control assessments across Northwest's network of Risk Domain Experts (e.g., Information Security, Business Resiliency, Compliance, Technology) to support the timely review of third-party controls and determine residual risk * Monitor and execute TPRM Risk Analyst workflow activities within Northwest GRC system (Archer) * Consult stakeholders, including Relationship Managers, Risk Domain Experts and Legal, on their required TPRM activities, escalating non-adherence to the Head of Procurement * Seek out methods and resources for Relationship Managers to monitor third-party performance * Assist Head of Procurement in the establishment of processes and procedures for Relationship Managers, Risk Domain Experts and Legal, to comply with due diligence and ongoing monitoring requirements * Ensure third-party documentation is accurate, organized, and complete within Northwest's Governance, Risk, and Compliance (GRC) platform and maintain documentation and records supporting the completion of third-party risk assessments * Query and analyze data from the GRC platform and other sources to construct meaningful risk reports that highlight material inherent and residual risks identified in the third-party risk assessments and clearly socialize risks to the corresponding business Relationship Managers, Risk Domain Experts and Legal * Provide support to Relationship Managers in developing strategies to ensure third-party risks are appropriately managed and mitigated * Escalate material risks to management timely and effectively to support the development of risk management strategies (e.g., data breach, service failure, bankruptcy) * Monitor and oversee resolution of third-party control deficiencies, identified throughout the TPRM risk assessment process * Establish a working knowledge of Northwest's business processes and associated products and services with an understanding of how third-party services are utilized to achieve business goals and objectives. Make recommendations to management regarding operational and organizational process improvements Additional Essential Functions * Ensure compliance with Northwest's policies and procedures, and Federal/State regulations * Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency * Work as part of a team * Work with on-site equipment Additional Responsibilities * Provide support in the development and maintenance of Northwest's Third-Party Risk Management framework * Maintain and enhance Third-Party Risk Management procedures and job aides, as necessary * Support a periodic review of new third parties added by Accounts Payable against the Third-Party Inventory * Submit Archer Service Requests to support the de