Bain Capital
Financial Services
ThirdPartyRiskManagementAnalyst
Neural analysis suggests this role is
optimal for Mid candidates.
“Third Party Risk Management Analyst at Bain Capital. Skills: Third Party Risk Management, Risk assessment, AI-related risk assessment, IT/Security operational processes assessment. Managing third parties. Third-party risk management activities”
What You'll Achieve.
Ensure compliance with internal governance standards; Mitigate risks; Improve processes; Support effective third-party relationships; Ensure appropriate oversight and risk mitigation for AI/ML tools; Ensure effective oversight of third party risk management and procurement compliance
Industry & Context.
Proven analytical and problem-solving skills; Ability to assess IT/Security operational processes, controls and governance; Perform gap analysis and make recommendations on remediation or mitigating controls; Knowledge of control and risk identification; Ability to assess the strength of controls in relation to multiple risk factors operating in complex situations and systems
What They're Looking For.
Must Have
2 - 4 years of practical or working experience within third party risk management or auditing, preferably in the financial services line of business, Prior hands-on technical experience with technology, business applications, cybersecurity products, and IT support / Infrastructure, Ability to assess IT/Security operational processes, controls and governance, Knowledge of control and risk identification, Knowledge of AI risk concepts, AI/ML governance frameworks (such as NIST AI RMF or ISO 42001), Ability to assess and evaluate AI-related risks and controls within third party relationships, Experience with or awareness of AI tools, automated decision-making, and emerging AI regulatory requirements
Nice to Have
Certifications in Risk (CTPRP, CTPRA), Audit/Cyber (CISSP, CRISC, CISA, CISM) and Project Management (PMP) are a plus but not a requirement, Must be willing to obtain such certifications as directed by management
What You'll Do.
Managing third parties
Third-party risk management activities
Supporting procurement and sourcing initiatives
Ensuring compliance with internal governance standards
Assessing and managing mitigation of risks
Supporting effective third-party relationships
Monitoring emerging industry and cybersecurity risks
Maintaining oversight frameworks
Contributing to the continuous enhancement of third party risk management and procurement practices
Lead risk assessments of third parties
Develop remediation plans
Partner with internal stakeholders to ensure that all risk assessment and remediation requirements have been met
and document AI-related risks introduced by third parties
Evaluating the use of AI/ML tools
and automated decision-making systems
Apply relevant AI governance frameworks to ensure appropriate oversight and risk mitigation
Support the third party selection and contracting process on major sourcing efforts
Assess the risks associated with a third party relationship prior to the renewal of contract agreements
Continually reassess the risks associated with the function and inherent in the business based on the third party relationships
update and modify procedures and processes to identify and continuously implement third party risk management process improvements to meet emerging risks
Maintain a structured internal governance framework to ensure effective oversight of third party risk management and procurement compliance
Stay informed about the latest developments in the third party risk management and cyber field
Maintains knowledge of business
products and systems to ensure effective use of third party and procurement services
How You'll Work.
Team & Collaboration
Partner with cross-functional teams to assess and manage mitigation of risks; Partner with internal stakeholders to ensure that all risk assessment and remediation requirements have been met; Partner and maintains working relationships within Procurement, Compliance, IT, RDS and Legal and business units as applicable
Communication Scope
Exceptional communication and presentation skills; Ability to translate technical concepts into layman’s terms; Interface with various levels of management internally and within Third Parties
Process & Methodology
PMP (preferred)
Full Job Description
**Title:** Third Party Risk Management Analyst **Reports to:** Cyber Risk Director **Department:** Information Technology **Location:** Boston, MA **Type:** Full time ** _BAIN CAPITAL OVERVIEW_** With approximately $225 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit, and Real Assets. Today, our team includes 1,985+ employees in 24 offices on four continents. **We partner differently to help people and companies embrace possibility and realize potential.** Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights. **Our people are the heart of our advantage.** Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. **For more information visit:** [Bain Capital](https://www.baincapital.com/) ** _DESCRIPTION_** This role is responsible for managing third parties and third-party risk management activities, supporting procurement and sourcing initiatives, and ensuring compliance with internal governance standards. The position partners with cross-functional teams to assess and manage mitigation of risks, improve processes, and support effective third-party relationships across the organization. The
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