The pay range is $54,800.00 - $98,600.00

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 at https://corporate.target.com/careers/benefits.

Third Party Risk Management Consultant (Due Diligence)

Classification: Exempt

Date: September 2024

About Us: 

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.

To match the signature style and passion of Target’s distinctive retail brand, 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 providing support and information that empowers Target’s business to make risk aware decisions while advancing important business objectives. You will play a key role in protecting Target’s best interests by ensuring Target understands the risks of specific third-party partnerships.

As a Third Party Risk Management Consultant, you will:

• Complete third party background due diligence on new third parties, including Target+ sellers, vendors, and other business partners across Target enterprise. These assessments can include an overview of reputation, experience, and financial health risk and involve review of both open-source and proprietary tools to identify and determine appropriate risk rankings (high/medium/low) based on specific criteria.
• Provide risk information to Target Relationship Managers (team member responsible for the ownership of the third party relationship) allowing Target to appropriately evaluate third party partnerships. This includes providing analysis of identified risk(s) and a clear outline of recommended risk mitigation actions. Engage with Target Relationship Managers on subsequent questions.
• Perform regular bulk uploads and downloads of data to retrieve and consolidate risk information, ensuring the ability to prioritize review of third parties and timely complete third-party due diligence.
• Follow established program processes and provide feedback and updates to existing documentation.
• Provide input into team objectives and key results, including executing specific action items that tie to those goals.
• Set objectives for your own work and provide support to projects and programs within the team.
• Contribute to a positive team culture by demonstrating behaviors consistent with Target’s values of Inclusivity, Connection and Drive as well as the hybrid work model.

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 related work experience in third party risk management, risk or compliance.
• Strong interpersonal, verbal, presentation, and written communication skills. Ability to work effectively as a team and adapt to a changing environment.
• Ability to apply discretion and sensitivity while working with confidential information.
• Understanding of risk management practices and ability to identify and escalate process improvement opportunities.
• Proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint), and experience using tools such as Archer, Ariba, Supplier Manager (SM), Vendor Management and Maintenance (VMM), Domo, Confluence, and other third-party risk tools.
• Ability to collect and analyze data to identify trends and root cause issues.
• Interest and curiosity in automation and data analytics.
• History of driving for results, moving initiatives forward, and executing goals and objectives on specific timelines.

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 [email protected].