Business Analyst - TPRM

Albany Beck; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

Albany Beck is seeking an experienced Business Analyst to join a major Third Party Risk Management transformation programme. The role involves shaping operating models and governance structures within a highly regulated financial services environment.

As a consultant, you will collaborate with senior stakeholders across risk, procurement, operations, technology and business functions to translate TOM designs into clear business and functional requirements, producing artefacts and supporting

Qualifications

• Extensive BA experience in Financial Services or similarly regulated environments.
• Strong track record with Third Party Risk Management and procurement transformation.
• Experience designing Target Operating Models and business processes.
• Proficient in creating process maps, workflows, and operating model artefacts.
• Excellent stakeholder management and ability to influence senior leaders.

Responsibilities

• Lead business analysis activities across a large-scale Third Party Risk Management transformation programme.
• Develop and document future-state operating models, ensuring alignment to strategic objectives and regulatory expectations.
• Analyse and redesign end-to-end business processes, identifying opportunities to improve efficiency, governance and risk management.
• Produce detailed process maps, workflows and operating procedures covering both standard and exception scenarios.
• Define roles, responsibilities and accountability models, including the creation of RACI frameworks.
• Work closely with business and technology teams to translate operating model designs into clear business and functional requirements.
• Support the development of workflow tooling, reporting capabilities and management information requirements.
• Facilitate workshops with senior stakeholders to gather requirements, challenge existing processes and achieve consensus on future-state solutions.
• Conduct comprehensive change impact assessments across people, process and technology, identifying impacts, dependencies and implementation considerations.
• Establish and document governance structures, control frameworks and decision-making processes.
• Produce high-quality programme artefacts, including requirements documentation, process designs, decision logs, traceability matrices and governance papers.
• Partner with project managers, PMO teams and implementation teams to ensure successful delivery of agreed outcomes.
• Support Design Authority and governance forums through the preparation of documentation, recommendations and stakeholder presentations.

Skills

Risk management

Stakeholder engagement

Process improvement

Regulatory awareness

Requirements gathering

Tools

Visio

BPMN

Job description

Albany Beck is a leading consultancy specialising in Change, Transformation and Technology within Financial Services. We partner with some of the world's most recognised financial institutions, deploying high-performing consultants onto strategic programmes and large-scale transformation initiatives.

We are currently seeking an experienced Business Analyst to join a major Third Party Risk Management (TPRM) transformation programme. This is an opportunity to play a key role in shaping and delivering operating model improvements across a complex, highly regulated environment.

Working as an Albany Beck consultant, you will collaborate with senior stakeholders across risk, procurement, operations, technology and business functions to define future-state processes, governance structures and control frameworks that strengthen how third-party and supplier risk is managed across the organisation.

Key Responsibilities

• Lead business analysis activities across a large-scale Third Party Risk Management transformation programme.
• Develop and document future-state operating models, ensuring alignment to strategic objectives and regulatory expectations.
• Analyse and redesign end-to-end business processes, identifying opportunities to improve efficiency, governance and risk management.
• Produce detailed process maps, workflows and operating procedures covering both standard and exception scenarios.
• Define roles, responsibilities and accountability models, including the creation of RACI frameworks.
• Work closely with business and technology teams to translate operating model designs into clear business and functional requirements.
• Support the development of workflow tooling, reporting capabilities and management information requirements.
• Facilitate workshops with senior stakeholders to gather requirements, challenge existing processes and achieve consensus on future-state solutions.
• Conduct comprehensive change impact assessments across people, process and technology, identifying impacts, dependencies and implementation considerations.
• Establish and document governance structures, control frameworks and decision-making processes.
• Produce high-quality programme artefacts, including requirements documentation, process designs, decision logs, traceability matrices and governance papers.
• Partner with project managers, PMO teams and implementation teams to ensure successful delivery of agreed outcomes.
• Support Design Authority and governance forums through the preparation of documentation, recommendations and stakeholder presentations.

Required Experience

• Extensive Business Analysis experience within Financial Services, Banking, Insurance or a similarly regulated environment.
• Strong experience working on Third Party Risk Management (TPRM), Supplier Risk, Vendor Risk, Procurement Transformation or Operational Risk initiatives.
• Proven track record designing or enhancing Target Operating Models (TOMs) and business processes.
• Experience producing process maps, workflow documentation and operating model artefacts using tools such as Visio, BPMN or equivalent.
• Strong understanding of governance frameworks, controls, risk management and regulatory-driven change.
• Demonstrable experience conducting change impact assessments across people, process and technology.
• Excellent stakeholder management skills with the ability to engage and influence senior business and technology leaders.
• Experience facilitating workshops, gathering requirements and driving consensus across multiple stakeholder groups.
• Strong documentation skills and the ability to produce high-quality analysis deliverables suitable for executive and governance audiences.
• Experience working within Third Party Risk Management platforms or workflow solutions.
• Knowledge of supplier lifecycle management, outsourcing governance or procurement processes.
• Familiarity with management information, reporting and data requirements within risk functions.
• Exposure to large-scale transformation programmes within global financial institutions.