Sr. Third Party Risk Consultant (Due Diligence)

Sr. Third Party Risk Management Consultant (Due Diligence)

The pay range is $73,000.00 - $132,000.00. Pay is based on several factors which vary based on position. These include labor markets and in some instances may include education, work experience and certifications. In addition to your pay, Target cares about and invests in you as a team member, so that you can take care of yourself and your family. Target offers eligible team members and their dependents comprehensive health benefits and programs, which may include medical, vision, dental, life insurance and more, to help you and your family take care of your whole selves. Other benefits for eligible team members include 401(k), employee discount, short term disability, long term disability, paid sick leave, paid national holidays, and paid vacation. Find competitive benefits from financial and education to well-being and beyond.

Working at Target means helping all families discover the joy of everyday life. We bring that vision to life through our values and culture. Learn more about Target here.

Target Legal Affairs is a dynamic and deeply knowledgeable team of experts. Whether specializing in law, government affairs, employee relations, risk, compliance, ethics, security or food safety, we use our expertise and influence to advocate for Target, support Target's business and mitigate risk for the company. We work with both internal and external entities on key issues that affect Target's ability to productively, ethically and securely conduct business. Through our understanding of Target's business models and operations, we help facilitate Target's growth, and provide guidance that leaders rely on to make appropriate, well-informed decisions. Simultaneously, we help protect the business by applying our comprehensive understanding of risk and the law on issues that impact our brand, guests, team members, stores, distribution centers and corporate locations.

Here, you'll enjoy working autonomously with a healthy work-life balance. Your passion for learning the business, collaborating with others and building relationships with senior leaders and key business partners that you support will be essential to tackling the ever-changing legal and risk-based challenges we face in a dynamic and fast-paced retail environment.

A role in Third Party Risk Management means enabling Target's business to make informed, risk-aware decisions while advancing key business objectives. This role primarily supports third-party due diligence and ongoing monitoring while contributing to broader TPRM initiatives based on business priorities. You'll help protect Target's interests by ensuring we understand, evaluate, and mitigate risks associated with third-party partnerships, while promoting Relationship Management best practices across the vendor lifecycle planning, due diligence, contracting, ongoing monitoring, and termination.

As a Sr. Third Party Risk Management Consultant, you will:

Risk Assessments & Analysis

• Conduct due diligence using established TPRM processes on prospective third parties and reassess on a risk-based schedule, evaluating reputation, experience, and financial health to assign risk tiers (critical/high/medium/low).
• Analyze third party risks and provide expert recommendations that enable Relationship Managers to make informed, risk-aware business decisions.
• Evaluate financial health information including data from external monitoring tools, financial statements, and credit information to identify potential financial risks and support risk-based decision making.
• As needed, lead risk assessment meetings with RMs to explain results and advise on interpretation and next steps.
• Develop and maintain a broad understanding of the end-to-end TPRM Risk Assessment process, with the ability to support risk assessments across a variety of third-party services, including coordinating with multiple Risk Program Owner (RPO) teams throughout Target.

Ongoing Monitoring

• Monitor ongoing third-party risks through TPRM tools, including changes in financial condition, external events, and other risk indicators.
• Investigate material risk alerts and communicate potential impacts and recommended actions to Relationship Managers.
• Maintain risk reporting and dashboards that support ongoing visibility into third-party risk.

Program Enablement & Continuous Improvement

• Identify opportunities to improve TPRM processes, tools, and methodologies by leveraging data, industry trends, and stakeholder feedback to enhance program effectiveness.
• Provide subject matter expertise to Relationship Managers, peers, and cross-functional stakeholders across a broad range of third-party risk topics, including financial health, reputation, experience, and other risks identified throughout the vendor lifecycle.
• Work independently with minimal direction, exercising sound judgment while handling sensitive information.
• Foster a positive team culture grounded in Inclusivity, Connection, and Drive.

Core responsibilities of this job are described within this job description. Job duties may change at any time due to business needs.

About you:

• Four-year degree or equivalent experience
• 3+ years of experience in third-party risk management, financial risk, procurement, vendor management, or a related field.
• Comfortable working in ambiguity and adjusting to shifting business needs
• Strong analytical skills with the ability to synthesize qualitative and quantitative information into risk-based recommendations.
• Effective communication skills with the ability to explain complex topics clearly and simply
• Ability to simplify complex processes and focus on high-impact, strategic priorities
• Skillful in handling confidential information with discretion
• Proficient in enterprise tools (LogicGate, Ariba, Supplier Management, Vendor Maintenance and Management, Domo, Confluence) and Microsoft Office
• Proven ability to lead projects, facilitate meetings, and contribute to cross-functional teams
• Experience identifying process improvements and supporting automation efforts
• Results-driven with a demonstrated history of executing on goals and timelines

Preferred Qualifications:

• Certified Regulatory Vendor Program Manager (CRVPM), Certified Third-Party Risk Professional (CTPRP) designation or equivalent
• Experience performing supplier financial assessments and ability to interpret balance sheets, income statements, cash flow statements and key financial ratios to identify potential third-party financial risks.

This position will operate as a Hybrid/Flex for Your Day work arrangement based on Target's needs. A Hybrid/Flex for Your Day work arrangement means the team member's core role will need to be performed both onsite at the Target HQ MN location the role is assigned to and virtually, depending upon what your role, team and tasks require for that day. Work duties cannot be performed outside of the country of the primary work location, unless otherwise prescribed by Target. Click here if you are curious to learn more about Minnesota.

Benefits Eligibility

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Americans with Disabilities Act (ADA)

In compliance with state and federal laws, Target will make reasonable accommodations for applicants with disabilities. If a reasonable accommodation is needed to participate in the job application or interview process, please reach out to View email address on click.appcast.io. Non-accommodation-related requests, such as application follow-ups or technical issues, will not be addressed through this channel.