Third Party Risk & Assurance Specialist

Innovation Group; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Third Party Risk & Assurance Specialist to join their dynamic team. This role involves managing technology third party relationships and ensuring compliance with regulations while supporting a Technology Transformation Programme. The ideal candidate will have a strong background in vendor management and risk assurance, contributing to the innovative approach of the company in revolutionizing the insurance market. Join a culture that values diversity and inclusion, and be part of a team that empowers each other to succeed and push boundaries. If you're ready to make an impact, this is the opportunity for you.

Benefits

Highly competitive remuneration

Benefits package

Recognition for extraordinary effort

Qualifications

• Experience managing technology third party relationships, including cloud and software providers.
• Established requirements for contracts and monitored service performance.

Responsibilities

• Create and implement risk management frameworks and supplier due diligence processes.
• Conduct ongoing monitoring and manage outsourcing risks.

Skills

Management of technology third party relationships

Contract negotiation

Monitoring third party service performance

Incident management

Knowledge of technology regulations

Cross-functional team coordination

Job description

Please visit our careers site to find out more about working at Ki.

Job Details: Third Party Risk & Assurance Specialist

Full details of the job.

Vacancy Name: Third Party Risk & Assurance Specialist

Employment Type: Permanent

Location: London

Role Details: Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Do you have expertise in managing and providing consultancy to multiple business areas which critical third party dependencies?

We are seeking a specialist in third party risk and assurance, with experience across various types of technology service providers. This is a multi-faceted role supporting both a Technology Transformation Programme as well as maintaining oversight over current operational technology and applications.

This role will suit someone who has managed vendors previously, or someone with equivalent practical experience in providing technology and security assurance for clients, who is looking to grow into a GRC role and potentially beyond third party risk. Nevertheless, we are open to other experiences as we are creating a new diverse and dynamic team to build innovative ways of assessing and managing third party risk.

Principal Accountabilities:

1. Framework Development: Create and implement policies, risk management frameworks, tier classifications, and supplier due diligence processes.
2. Procurement & Assessments: Plan and oversee third-party due diligence, risk evaluations, compliance assessments, and data protection requirements.
3. Onboarding & Contracts: Support contract negotiations, operational readiness, and renewal processes for third-party relationships.
4. Ongoing Monitoring: Conduct supply chain impact assessments, manage outsourcing risks, disaster recovery planning, and regular control assurance reviews.
5. Client Assurance: Address client risk obligations, support audits and incident management, and ensure compliance across third-party agreements.
6. Reporting & Documentation: Prepare governance reports and maintain accurate documentation for audits and knowledge transfer.
7. Team Development: Foster team learning and development while researching advanced risk assurance practices.

Required skills & experience:

1. Experience in managing technology third party relationships, which must include cloud service providers and software providers.
2. Established and negotiated requirements for contracts.
3. Monitored third party service performance and supply chain risks.
4. Worked with third party service providers to ensure service continuity.
5. Managed third party incidents.
6. Knowledge of technology relevant regulations and frameworks.
7. Familiarity with resilient architecture design principles.
8. Reported on third party risks and metrics to non-technical stakeholders.
9. Influenced and coordinated cross-function teams.

Our culture:
Inclusion & Diversity is at the heart of our business at Ki. We recognise that diversity in age, race, gender, ethnicity, sexual orientation, physical ability, thought and social background bring richness to our working environment. No matter who you are, where you’re from, how you think, or who you love, we believe you should be you.

Ki Values:

• Know Your Customer: Put yourself in their shoes. Understand and balance the different needs of our customers, acting with integrity and empathy to create something excellent.
• Grow Together: Empower each other to succeed. Recognise the work of our teams, while celebrating individual success. Embrace diverse perspectives so we can develop and grow together.
• Be Courageous: Think big, push boundaries. Don’t be afraid to fail because that’s how we learn. Test, adapt, improve - always strive to be better.

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

If this sounds like a role and a culture that appeals to you, apply now!