Supply Chain Third Party Vendor Risk Analyst

Job Summary

The Third Party Risk Lead works with internal and external Business Partners to assess and mitigate risks throughout the supply chain. The Lead drives the development of processes, tools and templates to identify, prioritize, manage, mitigate and monitor disruptions, allowing effective management of supplier risks on a proactive basis to ensure compliance, business continuity and resilience. Responsibilities of this role include providing data analysis reporting on third party risk, focusing on conducting and evaluating third party risk assessments and applying established criteria across defined risk domains to mitigate supplier relationship risks.

Essential Functions

Leads the on-going development and maturing of the Third Party Risk Management Program, through collaboration with stakeholders, process improvement and automation

Manages & performs data analytics on assigned vendor assessments, including interfacing with suppliers, gathering data responses/questionnaires, and ensures diligent follow up with third-party and business areas/functional teams for missing information or response.

Facilitates the review of risk subject matter experts and other business stakeholders when appropriate throughout the lifecycle of an engagement from onboarding to termination, including a risk analysis and recommendations for corrective action if warranted .

Monitors and tracks identified issues and risks presented by third-party relationships through resolution, working in collaboration with Category Management, business units and functional risk domain subject matter experts to identify gaps in controls and recommend corrective action.

Applies a continuous improvement mindset to recommend process enhancements on policy, standards, procedures, tools, templates and reporting.

Synthesize insights into concise and impactful presentations to support NiSource strategic objectives and ensure appropriate level of risk awareness

Maintains a broad knowledge of third-party risks, trends, and best practices as part of continuous education

Creates, publishes, and monitors relevant supply chain metrics and reporting to provide data visibility and support business needs, identifies areas of risk and recommends solution options.

Develops and executes communications plans for the Third Party Risk Program

Develops and delivers organizational training and education in support of the Third Party Risk Program and automation

As needed, represents the Supply Chain team in execution of strategic projects collaborating with cross functional teams

Interprets and enforces policies, standards, and procedures for compliance by third party suppliers, and recommends remedial action for non-compliance to the assigned functional team.

Required Qualifications For Position

Bachelors Degree Business, Supply Chain or related area

4-6 years In the area of third party risk management and/or supplier relationship management

Comprehensive understanding of procurement and supply chain processes and systems High

Proficiency in Microsoft Office suite High

Strong project management skills with a track record of successful project execution High

Strong financial and business acumen, and ability to analyze information to provide insight-driven recommendations High

Ability to identify challenges and propose creative solutions Medium

Knowledge or experience with SAP Ariba Low

Demonstrated leadership skills Low

Experience in leading change management and effective positive organizational, process or culture change Low

Preferred Additional Qualifications for Position

Masters Degree

1-3 years Utility industry experience

Physical Demands

Standing – Occasionally

Walking – Occasionally

Sitting – Constantly

Lifting – Rarely

Carrying – Rarely

Pushing – Rarely

Pulling – Rarely

Climbing – Rarely

Balancing – Rarely

Stooping – Rarely

Kneeling – Rarely

Crouching – Rarely

Crawling – Rarely

Reaching – Rarely

Handling – Occasionally

Grasping – Occasionally

Feeling – Rarely

Talking – Constantly

Hearing – Constantly

Repetitive Motions – Frequently

Eye/Hand/Foot Coordination – Frequently

The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

Work Authorization

Authorized to work in the United States without requiring sponsorship.

Inclusion & Diversity

Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent all walks of life and all backgrounds.

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity

NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities.

Safety Statement

Promote a safe work environment by actively participating in all aspects of our employee safety program. Report any unsafe conditions and take actions to prevent personal injuries. Support our interdependent safety culture by ensuring the safety of your co-workers. Stay focused on the task at hand and promote productivity through good work habits.

Salary Range:

$91,000.00 – $136,600.00

Posting Start Date:

2024-09-30

Posting End Date (if applicable):

2024-10-15

Please note that the job posting will close on the day before the posting end date.

At NiSource, youll be part of the team serving nearly four million customers throughout the Midwest and Mid-Atlantic, who count on us to energize their homes and businesses. Whether speaking with customers by phone, analyzing financial data or installing new gas lines in a neighborhood, you’ll meet exciting challenges each day and make the most of your skills and talents. And you’ll be part of a company that was named by Forbes magazine as one of America’s Best Large Employers.

Were looking for talent from all backgrounds. We invite candidates of all abilities to come as they are and do what they love. Through our years of successful growth, we’ve stayed true to our roots by making a difference in the lives of millions of our customers. If you’re interested in joining an inclusive, innovative company that fosters opportunity for growth, NiSource might be the place for you.