Senior Risk Analyst, Privacy & Third-Party Risk

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Role Summary

The Senior Risk Analyst – Privacy & Third-Party Risk is a Second Line of Defense (2LoD) role and a member of the Global Privacy Office (GPO) and Third-Party Risk Management (TPRM) function. The role provides independent risk oversight, effective challenge, and assurance over first-line activities and outsourced TPRM services, operating with minimal supervision and a high degree of professional judgment.

This position is expected to independently manage complex risk assessments, lead oversight activities, identify emerging risk themes, and deliver clear, actionable insights to senior stakeholders and governance committees. The role also supports the effective operation and continuous improvement of the GPO and TPRM programs through risk reporting, data analysis, issue management, technology enablement, and maintenance of core governance and compliance processes.

Responsibilities

Privacy Risk – Global Privacy Office:

• Independently provide 2LoD oversight of privacy risks arising from first-line business activities and serve as a subject matter resource on privacy risk matters.

• Lead review and challenge of Privacy Impact Assessments (PIAs), Data Protection Impact Assessments (DPIAs), and privacy risk assessments, including assessments involving new technologies, artificial intelligence, sensitive data, and elevated privacy risk.

• Evaluate the design and operating effectiveness of privacy controls and recommend enhancements aligned with regulatory expectations and risk appetite.

• Independently review privacy incidents, including root cause analyses and remediation plans, and support reconciliation, trend analysis, governance reporting, and escalation of significant privacy incidents.

• Provide technical expertise and support the implementation of privacy and data protection processes, controls, and procedures based on enterprise-wide guidance issued by the Global Privacy Office.

• Support Privacy and Security by Design activities by evaluating new technologies, systems, products, and business initiatives; assessing privacy risks and control requirements; and providing risk-based guidance to business and technology stakeholders.

• Partner with Technology, Information Security, Legal, Compliance, and business stakeholders to support appropriate implementation of privacy requirements and controls.

• Identify opportunities to enhance the Global Privacy Office’s technical capabilities; develop, test, and work with technology teams to deploy such capabilities, including workflow automation, reporting, analytics, and AI-enabled solutions.

• Support the maintenance of the firm’s required privacy compliance documentation (e.g., Records of Processing Activities, Transfer Impact Assessments, procedures, guides, training, SharePoint sites), privacy inventories, registers, response materials, and supporting program records.

• Support the execution of the privacy compliance monitoring program.

• Support recurring privacy governance and compliance activities, including regulatory reporting, metrics, management information, periodic reconciliations, annual recertifications, readiness exercises, and regulatory or operational-impact assessments.

• Support privacy-related inquiries, due diligence questionnaires, requests for information, and other stakeholder requests by researching issues, coordinating responses, and maintaining reusable response content.

Third-Party Risk Management:

• Perform quality assurance and effective challenge of third-party risk outputs produced by external service providers and first-line stakeholders.

• Independently review and challenge complex or elevated-risk third-party assessments, including due diligence findings, control deficiencies, risk responses, and recommendations to business stakeholders.

• Monitor adherence to SLAs, KPIs, and contractual obligations of outsourced TPRM providers and escalate deficiencies as appropriate.

• Identify systemic control gaps, concentration risk, and emerging third-party risk trends across the vendor population.

• Evaluate and challenge third-party information security, technology, resiliency, privacy, and other risk considerations, partnering with domain subject matter experts where specialized expertise is required.

• Contribute to the ongoing development of fourth-party risk governance and oversight practices.

• Identify opportunities to enhance TPRM’s technical capabilities; develop, test, and work with technology teams to deploy such capabilities, including AI-assisted quality assurance, workflow automation, risk analytics, and reporting solutions.

• Support the maintenance of the firm’s required TPRM compliance documentation (e.g., Policy, Supplier Management Standards, questionnaire templates, frameworks, training, SharePoint sites).

• Support TPRM intake and stakeholder inquiries, including coordination and routing of requests, maintenance of supplier and program data, and development of reusable due diligence and client-response content.

• Support risk-based prioritization, supplier tiering, and methodology enhancements by testing proposed approaches and analyzing their impact on the third-party population.

Risk Governance, Reporting & Analytics:

• Independently develop and deliver executive-level risk reporting, dashboards, and management information.

• Prepare and coordinate recurring management and governance reporting, including metrics, risk trends, control issues, incident information, and other program performance indicators.

• Assist with monitoring and reporting emerging AI and technology risks across privacy and third-party risk, contributing to oversight of controls, assessments, and reporting.

• Leverage AI-enabled tools and advanced analytics to identify trends, emerging risks, and control weaknesses.

• Analyze assessment results, incidents, performance data, and other risk indicators to identify systemic weaknesses, recurring issues, concentration or dependency risks, and emerging themes requiring management attention.

• Lead preparation for regulatory examinations, internal audits, and management assurance activities related to privacy and third-party risk oversight.

• Maintain accurate, complete documentation in GRC, privacy, and TPRM systems and ensure audit-ready artifacts.

• Identify, document, and escalate risk and control deficiencies; assess the adequacy of remediation plans; and monitor significant issues through resolution.

Technology, Process Improvement & Program Enablement:

• Translate business and risk requirements into functional requirements and user stories for GRC, privacy, TPRM, reporting, and workflow solutions.

• Perform user acceptance testing and validation of system implementations, enhancements, and fixes; document defects and support retesting through resolution.

• Partner with technology, enablement, and program teams to develop and enhance dashboards, reporting, workflow automation, AI-enabled tools, and other capabilities that improve risk visibility and program efficiency.

• Identify opportunities to improve Privacy and TPRM frameworks, processes, controls, operating models, and supporting technology, and lead or support implementation of prioritized enhancements.

• Support data quality and stewardship activities necessary to maintain reliable program inventories, supplier information, business-process information, reporting, and risk records.

Qualifications

Required:

• Bachelor’s degree in Risk Management, Information Systems, Finance, Business, Law, or a related field.

• 5+ years of experience in risk management, GRC, information security, privacy, third-party risk, operational risk, technology risk, or a related oversight function, preferably within financial services, asset management, or another highly regulated industry.

• Demonstrated ability to operate independently with minimal guidance in a 2LoD environment or in a risk function requiring independent review, challenge, and escalation.

• Strong knowledge of risk management principles and demonstrated expertise in one or more relevant domains, such as privacy, third-party risk, information security, technology risk, operational risk, or compliance, with the ability to develop expertise across both Privacy and TPRM.

• Demonstrated experience identifying control weaknesses, assessing risk, developing or challenging remediation plans, and communicating findings to stakeholders.

• Strong analytical skills and experience working with risk data, metrics, reporting, or management information.

Preferred:

• Experience leading or independently managing 2LoD privacy or TPRM oversight activities.

• Asset management or broader financial services experience.

• Experience spanning multiple risk domains, such as operational risk, information security, technology risk, privacy, resiliency, compliance, or third-party risk.

• Experience with control testing, risk and control assessments, issue management, root cause analysis, remediation oversight, or similar risk-management activities.

• Experience supporting or implementing risk-management frameworks, policies, standards, or program enhancements.

• ISO 27001 Lead Implementer, Auditor, or other relevant risk, security, privacy, or third-party risk certifications.

• Familiarity with SEC, FINRA, and global regulatory expectations.

Tools & Technology – Preferred

• Advanced experience with GRC, privacy, and TPRM platforms (e.g., Archer, ServiceNow, OneTrust, IBM OpenPages).

• Strong proficiency with reporting and analytics tools (e.g., Power BI, advanced Excel).

• Practical experience using AI-enabled risk, compliance, or data analytics tools to enhance oversight and reporting (e.g., Microsoft Copilot, ChatGPT Enterprise).

• Ability to automate reporting and improve risk visibility.

• Experience developing business requirements, user stories, test scenarios, or performing UAT for risk-management technology solutions is preferred.

• Familiarity with workflow and automation tools such as Power Automate or similar technologies is a plus.

Certifications

Relevant professional certification or demonstrated equivalent experience preferred. Candidates actively pursuing a relevant certification will also be considered. Examples include:

• Certified Information Privacy Professional (CIPP/US, CIPP/E)

• Certified Information Systems Auditor (CISA)

• Certified in Risk and Information Systems Control (CRISC)

• Certified Third Party Risk Professional (CTPP/CTPRP)

• Certified Information Privacy Manager (CIPM)

• Certified Information Privacy Technologist (CIPT)

Key Competencies

• Strong independent judgment and risk-based decision-making.

• Ability to provide credible, effective challenge at senior levels.

• Excellent written and verbal communication skills.

• Strong issue management, quality assurance, and governance discipline.

• Comfort operating autonomously in a global, regulated environment.

• Ability to manage both complex analytical work and recurring operational responsibilities with accuracy and discipline.

• Strong stakeholder-management skills and ability to collaborate across business, Technology, Information Security, Legal, Compliance, Procurement, and other risk functions while maintaining appropriate 2LoD independence.

• Continuous-improvement mindset with the ability to translate risk-management needs into practical process and technology enhancements.

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

This role is eligible for hybrid work, with up to one day per week from home.

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$87,000.00 - $148,000.00 for the location of: Maryland, Colorado, Washington and remote workers $95,500.00 - $163,000.00 for the location of: Washington, D.C. $108,000.00 - $185,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.

Benefits

We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.

Featured employee benefits to enrich your life:

• Competitive compensation

• Annual bonus eligibility

• A generous retirement plan

• Hybrid work schedule

• Health and wellness benefits, including online therapy

• Paid time off for vacation, illness, medical appointments, and volunteering days

• Family care resources, including fertility and adoption benefits

Learn more about our benefits.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.