Third-Party Risk Management Analyst

Legalandgeneral; England; On-site; GBP 40,000 - 70,000; Full time

Benefits offered by this job

Bonus schemes

Pension plan

Life assurance

Healthcare plan

Holiday entitlement

Electric car salary sacrifice

Employee discounts

Sustainable offices

Job summary

Legal & General is seeking a Third-Party Risk Management Analyst to strengthen supplier risk governance. You will support risk assessments, due diligence, monitoring and reporting across the supplier lifecycle, working with Procurement, Supplier Management, Risk and the wider business.

You'll help embed consistent controls and oversee governance, audit and assurance actions while building strong relationships with internal teams and external suppliers.

Qualifications

• Experience in third-party risk management and supplier risk assessments.
• Understanding of risk frameworks and financial services regulations.
• Experience coordinating remediation actions to completion.
• Ability to produce MI and reports for senior stakeholders.
• Strong organizational skills and ability to manage multiple priorities.
• Collaborative approach working with internal and external stakeholders.

Responsibilities

• Support the implementation and ongoing operation of third-party risk management policies and controls.
• Coordinate supplier segmentation, materiality and criticality assessments, risk assessments and due diligence.
• Monitor supplier risks, assurance activity, remediation actions and incidents.
• Maintain records of supplier risks, actions and decisions in risk management systems.
• Produce management information, dashboards and reports for senior stakeholders and governance forums.
• Coordinate governance, audit and assurance actions and track progress.
• Build relationships with Procurement, Supplier Management, Risk and external suppliers.
• Identify opportunities to improve processes, controls, data and ways of working.

Skills

Third-party risk management

Supplier management

Procurement experience

Compliance/regulatory knowledge

Risk assessment and due diligence

Stakeholder reporting

Organisational skills

Collaborative approach

Risk management systems

Tools

Risk management systems

Job description

Legal & General (L&G) is a leading UK financial services group and major global investor.

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders.

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income.

Our Group Functions provide the services that all areas of the business need. This requires a talented and diverse team behind the scenes, who enable everyone at L&G to do what we do best.

Joining us means helping to improve the lives of our customers and contributing to the success of the business every day.

We’re looking for a Third-Party Risk Management Analyst to help strengthen and continually improve our approach to managing supplier risk. Working collaboratively across Procurement, Supplier Management, Risk and the wider business, you’ll support risk assessments, due diligence, monitoring, governance and reporting throughout the supplier lifecycle. This is an opportunity to develop your expertise while helping to embed a consistent and effective approach to third-party risk management across the organisation

What you’ll be doing:

• Supporting the implementation and ongoing operation of third-party risk management policies, standards, procedures and controls
• Coordinating supplier segmentation, materiality and criticality assessments, risk assessments and due diligence
• Monitoring supplier risks, assurance activity, remediation actions and incidents throughout the supplier lifecycle
• Maintaining accurate records of supplier risks, actions and decisions within third-party risk management systems
• Producing management information, dashboards and reports for senior stakeholders and governance forums
• Coordinating governance, audit and assurance actions while tracking progress and escalating overdue activities
• Building effective relationships with Procurement, Supplier Management, Risk, business stakeholders and external suppliers
• Identifying opportunities to improve processes, controls, systems, data and ways of working

Who we’re looking for:

• Experience in third-party risk management, supplier management, procurement, compliance, operational resilience or a related discipline
• Experience undertaking or coordinating supplier risk assessments, due diligence and ongoing monitoring
• A good understanding of third-party risk management principles and the supplier lifecycle
• An understanding of risk assessment, control frameworks and relevant financial services regulatory requirements
• Experience coordinating actions, issues or remediation activities through to completion
• Confidence producing management information and reports for senior stakeholders
• Strong organisational skills, with the ability to manage multiple priorities and deadlines
• A collaborative approach and the ability to build effective relationships with internal stakeholders and external suppliers

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are many discounts we offer – both for our own products and at a range of high street stores and online
• We’re creating net‑zero carbon workplaces by 2030 by investing in our sustainable, modern offices across the UK, all designed to bring people together and elevate the in‑person experience

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all.

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time and job shares.Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.