💫 Company | Banking
🧢 Role | Third Party Risk Officer
📍 Based | London (West End)
💰 Offer | £40,000 - £50,000 + Excellent Corporate Benefits
💻 Office Based 2 days a month from home
Third Party Risk Officer Job Summary
An exciting opportunity has arisen for a Vendor Risk Officer to join a prestigious foreign bank based in the heart of Central London.
As a Third Party Risk Officer, you will report directly to the Operational Resilience & Business Continuity Manager. This vital role will see you managing all aspects of third-party and supplier relationships, ensuring that vendor engagements meet regulatory standards, align with internal policies, and deliver maximum value to the organisation.
Key Responsibilities:
* Oversee the evaluation, selection, and onboarding of third-party vendors & service providers.
* Conduct regular risk assessments and due diligence to identify and mitigate vendor-related risks (including operational, financial, cybersecurity, and reputational risks).
* Ensure all suppliers comply with applicable laws, regulations, and internal policies, including GDPR (UK DPA 2018) and ISO 27001.
* Develop and monitor KPIs to track vendor performance.
* Collaborate with Legal and other internal stakeholders to manage contracts and service agreements, ensuring clarity on deliverables, timelines, and compliance.
* Serve as the primary point of contact.
* Maintain detailed records of vendor performance, risk assessments, and compliance metrics.
* Provide regular reports and insights to senior management on third-party performance & risk.
* Identify and implement process improvements to strengthen vendor governance & efficiency.
Key Experience:
* Previous experience as a Vendor Risk Officer, Third-Party Risk Officer, Supplier Relationship Officer, or in a similar role within a regulated financial services environment.
* Strong understanding of third-party risk management, regulatory compliance, and operational resilience frameworks.
* Familiarity with FCA and PRA requirements and best practices in vendor governance.
* Proficiency in vendor management systems (VMS) and contract management tools.
* Excellent analytical, negotiation, and interpersonal skills.
* Ability to work independently and collaboratively across cross-functional teams.