Job Description:
Third‑Party Risk Management Lead - Fixed Term
Salary: From £40,000 + Excellent Benefits
Location status: Hybrid Working
Location: Bupa Place or other UK Locations
Contract: Fixed Term Contract – 6 Months
Hours:: Full‑time – 37.5hrs pw
We make health happen
At Bupa, we’re here to help people live longer, healthier, happier lives — and to make a better world. We’re proud to be a health insurer and provider with no shareholders, which means every decision we make supports our customers, our people, and our communities.
The Third-Party Risk Lead supports the Procurement Supplier Assurance team in managing risk activities across Procurement. This role helps identify and reduce risks associated with third-party suppliers at Bupa, contributing to compliance with Procurement policies, standards, and procedures.
The individual assists in monitoring third-party risk, supporting the delivery of Supplier Assurance Reviews, and ensuring alignment with Bupa Enterprise Policies and Standards (including information security, data protection, and business continuity).
Key Responsibilities
In this role, you will:
1. Support compliance with the TRPM Enterprise Policy, Outsourcing Policy, and Supplier Oversight Framework.
2. Assist in understanding and responding to regulatory requirements from bodies such as the Financial Conduct Authority, Prudential Regulation Authority, and Central Bank of Ireland.
3. Help interpret wider regulatory requirements (e.g., CQC, ICO, HSE).
4. Contribute to the delivery of Supplier Assurance Reviews as directed.
5. Assist in managing third party risk controls for the Procurement function.
6. Help maintain and update management information (MI) and reporting to reflect the third-party risk management environment.
7. Support accurate data entry and use of Procurement Risk Tools (e.g., Process Unity).
8. Respond to business needs related to third party risk and market disruption under guidance.
9. Provide support and guidance to category teams regarding third party risk management processes.
10. Act as a resource for current and emerging risks across the third-party landscape.
11. Assist with internal audit activities and controls testing for Procurement.
12. Support the preparation of submissions and materials for governance committees.
13. Contribute to the production of committee materials and, as experience grows, may assist with chairing responsibilities.
What We’re Looking For
14. Team player working collaboratively with the wider team
15. Experience or strong interest in risk management and implementing risk frameworks.
16. Background or exposure to supplier assurance is an advantage.
17. Willingness to learn about SYSC 8/13 and SS2/21 regulatory requirements.
18. Eagerness to support compliance and continuous improvement.
19. Good stakeholder management and communication skills.
20. Customer-focused mindset.
Benefits
Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.
21. 25 days’ holiday (increasing with service) with the option to buy or sell days.
22. Bupa health insurance (benefit in kind).
23. Enhanced pension plan and life insurance.
24. Onsite gyms or local discounts where no onsite gym is available.
25. A wide range of other benefits and online discounts.
Why Bupa
We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.