Head of Third-Party Risk Management

As part of the senior leadership team within Risk, reporting directly to the Chief Risk Officer, the Head of Third-Party Risk Management (TPRM) will lead TPRM team and be responsible for all activities relating to the effective management and governance of third party risk across external and intra-group supplier engagements including outsourcing. You will play a key role in supporting the Group’s approach to all TPRM-related activities.
As the Third-Party Risk Management Lead you will be responsible for coordinating vendor risk assessment, onboarding, in-service monitoring, regular due diligence in accordance with the framework, and preparing regular reporting on TPRM matters.
You will work with other departments across the group, including Risk, Compliance, Product & Technology, Operations, Customer Care, Procurement and Legal to continually improve procedures, tools and controls to ensure compliance with regulatory standards and best practices for third-party risk.

You will be responsible for:

• Key point of contact for stakeholders, leading them through the TPRM processes outlined with the policy and framework.
• Co-ordinating and periodic vendor due diligence activities, internal assessments and completing subsequent risk assessments and reporting.
• For vendor in-service monitoring, supporting third party service reviews where appropriate ensuring TPRM is being effectively governed by service receivers.
• Ensuring that inherent risks and control gaps are accurately identified and remediated.
• Performing data analysis and reporting on supplier risks and governance, including data quality reviews and trend analysis.
• Providing guidance on supplier governance and assurance activities applicable to individual supplier engagements, leveraging your network of subject matter experts from other teams as needed.
• Monitoring and supporting ongoing compliance to Policy, including ensuring quality and integrity of supplier assurance data captured in data repositories.
• Providing training to business stakeholders on best practices relating to supplier governance and specific processes and requirements.
• Supporting the delivery of key projects, collaborating in the production and maintenance of internal documentation, identifying opportunities for innovation and improvement, and delivering value across a range of initiatives relating to supplier governance.
• You will bring experience of managing vendor onboarding, from a TPRM compliance perspective, and detailed knowledge of relevant, Financial Services, regulations.
• Strong data analytical capabilities: Microsoft Excel, PowerPoint and Word skills are critical.

You should apply if you have:

• Bachelor`s degree in Risk Management, Business or a related field
• Experience of risk management at middle level in a large or complex organization
• Experience of identifying and managing TPRM risk
• Experience of key regulatory requirements including EBA Guidelines and DORA requirements
• Postholder must have right to work in the country based.

Desirable

• Professional certification in risk management

We offer an abundance of competitive perks and benefits including: