Head of Third Party Risk Management
Shift Pattern:
Standard 40 Hour Week (United Kingdom)
Scheduled Weekly Hours:
40
Corporate Grade:
C - Vice President
Reporting Line:
(UK Division) CFAO Office
Location:
UK-London
Worker Type:
Permanent
Overall Purpose of Role:
The Head of Third Party Risk Management (TPRM) will lead the newly-created TPRM team, building on the LME’s TPRM implementation programme that established new TPRM policy, framework and processes. The TPRM team will be responsible for further embedding and establishing TPRM across the LME Group’s operations.
The Head of TPRM will be responsible for the effective management and governance of third party risk across external and intra-group supplier engagements including outsourcing. You will play a critical role in overseeing and developing the Group's approach to all TPRM-related activities.
You will have strong stakeholder management skills, as you will be responsible for liaising with a wide range of stakeholders across many business lines. You will be required to produce and deliver reporting and analytics to Boards and management committees, and to manage TPRM-related queries from regulators, compliance, risk and internal auditors as appropriate.
You will work with other departments across the group, including Risk, Regulation & Compliance and Legal to continually improve procedures, tools and controls to ensure compliance with regulatory standards and best practices for third party risk.
Responsibilities:
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Direct line management responsibility for the TPRM team.
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Reporting to and providing guidance on TPRM matters to relevant governance forums and management.
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Ensuring compliance with relevant regulations, industry standards, and internal policies, collaborating with key stakeholders to mitigate risks and manage crises related to third-party engagements.
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Proactively monitoring relevant regulatory developments .
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Maintaining and/or developing TPRM strategy in response to regulatory and business developments.
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Maintaining a robust framework for third party risk assessment, due diligence, monitoring, and ongoing oversight of third-party performance.
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Supporting the continued implementation activities and operationalisation of new processes.
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Overseeing relationships with key users of third party services (in particular, LME Group’s Technology department).
You will bring experience of leading a team responsible for changing and implementing new processes and controls and deep knowledge of the regulatory landscape, as it relates to Third Party Risk Management.
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression and reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
