Senior Vendor Risk Analyst - Remote

About the Role

Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives. The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data, and resources they need to feel their best. Reporting to the Director of Risk Management, the Senior Vendor Risk Analyst is responsible for assessing third-party risk exposure and supporting the organization's vendor risk management program. This role evaluates vendors across multiple risk domains, coordinates cross-functional assessments, and ensures higher-risk findings are appropriately escalated. The position also supports broader enterprise risk management efforts by aligning third-party reviews with organizational risk standards and preparing clear, well-supported risk documentation.

If you are located in Draper, UT, Eden Prairie, MN, Washington DC, or New York City, NY, you will have the flexibility to work remotely.

Responsibilities

• Review vendor information to assess risk exposure and assign appropriate risk ratings in accordance with established assessment criteria
• Analyze and report on vendor risk across multiple dimensions, including information security, financial, geographic, operational, regulatory, and technology risk
• Coordinate vendor risk assessments by partnering with subject matter experts and vendor managers to ensure thorough, accurate, and timely completion
• Escalate higher-risk findings when additional due diligence, mitigation planning, or supplemental assessments are required
• Collaborate with internal stakeholders to gather supporting documentation, clarify risk factors, and facilitate timely assessment outcomes
• Support enterprise risk management objectives by aligning third-party risk reviews with broader organizational risk standards and frameworks
• Prepare Vendor Risk Papers that provide detailed analysis of financial, operational, regulatory, and technology-related risks

Requirements

• 5+ years of experience assessing vendor or third-party risk
• Solid understanding of vendor risk management principles, including second-line frameworks related to third-party risk oversight
• Familiarity with industry compliance standards and frameworks, including ISO 27001, SIG, and SOC 2
• Proven ability to read and analyze financial statements as part of risk evaluation and due diligence

Qualifications

• Bachelor's degree or 5+ years of experience in third-party or vendor risk management within the banking industry
• 2+ years of experience with eGRC Archer
• Experience contributing to the development of materials and reports for senior and executive management, including Board and management-level committees
• Experience working collaboratively with internal stakeholders, subject matter experts, and vendor managers
• Knowledge of control and risk identification, with the ability to assess the strength of controls across multiple risk factors in complex environments and systems
• Thorough understanding of risk management policies, best practices, and relevant certifications
• Proven relationship management skills, including the ability to engage effectively with stakeholders, customers, and vendors, and to build strong professional networks
• Proven ability to assess and evaluate AI-related risks and controls within third-party relationships, including awareness of AI tools, automated decision-making, and emerging AI regulatory requirements
• Proven ability to synthesize complex risk information into clear, concise, and actionable documentation
• Proven organizational skills, including the ability to successfully manage multiple concurrent priorities

Benefits

• Comprehensive benefits package
• Incentive and recognition programs
• Equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements)

Pay

The salary for this role will range from $72,800 - $130,000 annually based on full-time employment. Pay is based on several factors including but not limited to local labor markets, education, work experience, and certifications.