Our client is a well-established international financial institution in Central London, offering a full suite of banking products to individual and corporate clients. Regulated by leading UK authorities, the bank is known for its collaborative and high-performing culture.
We are seeking a Third Party Risk Manager to oversee the bank’s external vendor and supplier relationships. You will manage onboarding, compliance, risk, performance, and contracts, ensuring all third-party engagements align with internal policies and UK regulatory requirements. Reporting to the Operational Resilience & Business Continuity Manager, you will support governance frameworks and third-party oversight programmes.
You will be responsible for:
1. Vendor Management: Lead supplier selection, onboarding, and due diligence, maintaining a centralised vendor register with risk ratings, contract status, and service classifications.
2. Risk & Compliance: Conduct vendor risk assessments and reviews, ensuring adherence to FCA/PRA regulations, GDPR/UK DPA, ISO, and internal policies; support operational resilience assessments.
3. Performance & Contracts: Develop SLAs/KPIs, monitor performance, coordinate remediation plans, and manage contracts in collaboration with Legal; act as main liaison with vendors and internal stakeholders.
4. Governance & Reporting: Maintain audit trails, risk documentation, and performance records; prepare management reports and dashboards; support internal and external audits.
5. Process Improvement: Identify and implement enhancements to the third-party management framework, promoting best practices in vendor governance and risk mitigation.
Requirements:
6. Previously worked as a Third Party Risk Analyst, Third Party Risk Officer, Third Party Risk Manager, third party manager, Risk Officer, Risk Analyst, Risk Specialist, Procurement Analyst, Supplier Relationship Manager, Vendor Manager, Supplier Management Analyst, Operational Resilience analyst or in a similar role.
7. Relevant degree or equivalent qualification.
8. Minimum 2 years’ experience in third-party/vendor management, procurement, or supplier risk, preferably in financial services.
9. Understanding of FCA/PRA regulations, operational resilience, ISO, GDPR, and risk management frameworks.
10. Experience with SLAs/KPIs, contract reviews, and vendor management systems.
11. Strong stakeholder engagement, communication, and negotiation skills.
12. Relevant certifications (CTPRP, CRVPM, CIPS) are advantageous.
This is an opportunity to join a growing financial institution and make a tangible impact on third-party governance and operational resilience.