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Job Analysis:
The role of 3rd Party Risk and Privacy IT Business Analyst II at TIH is fundamentally centered on ensuring that the technology solutions supporting the business adequately manage and mitigate risks associated with third-party vendor interactions, especially regarding consumer data privacy. This involves performing Inherent Risk and Privacy Impact Assessments, which necessitates not only technical knowledge but also a nuanced understanding of business processes and regulatory compliance. The essential responsibilities include facilitating collaboration across departments, conducting thorough requirements gathering, and implementing effective communication channels among stakeholders. A key challenge in this role lies in balancing the needs of various teams while ensuring strict adherence to compliance standards and internal policies. Success in this position is likely characterized by efficient onboarding processes for vendors, minimal compliance issues, and a strong relationship network across the company that supports proactive risk management and process enhancement.
Company Analysis:
TIH, positioned as the fifth largest insurance broker in the United States, operates within a highly consultative and customer-oriented industry. As a well-established firm founded in 1922, it possesses a solid reputation that attracts experienced talent, offering a competitive advantage in nurturing client relationships. The company’s culture seems to prioritize excellence, innovation, and a collaborative environment influenced by its diverse service divisions—Retail, Wholesale, and Insurance Services. This environment of consultative sales and risk management implies that the role of the IT Business Analyst is not merely tactical but rather strategic in aligning technology solutions with the company’s broader goals, such as enhancing operational efficiency and better safeguarding consumer data. The successful candidate will likely interface with different levels of leadership, implying that their insights and assessments will be vital in guiding significant business decisions and achieving operational objectives. This role contributes directly to the organization's risk management strategies, underlining its importance in steering the company toward its business objectives in an increasingly regulated landscape.