Third Party Risk Management Lead

Cboe; Greater London; Hybrid; GBP 90.000 - 135.000; Vollzeit

Zusammenfassung

Cboe Europe seeks an experienced Outsourcing and Third Party Risk Management Lead to support first-line ownership of outsourcing, ICT, and third party risks as part of a global Infrastructure team. You will automate due diligence, registry maintenance, and regulatory reporting using an AI-first approach.

The role coordinates cross-functional teams across Technology, Operations, Legal, Compliance, and Procurement to strengthen resilience of trading services, ensuring FCA PS26/2 and DORA

Qualifikationen

• Minimum five years’ experience in outsourcing and third party risk management within regulated financial services
• Experience with AI-driven scalability for due diligence and evidence review
• Strong stakeholder management and cross-functional collaboration skills
• Knowledge of DORA Chapter V, FCA/ PRA outsourcing expectations

Aufgaben

• Owns first-line risk lifecycle for outsourcing and ICT third parties
• Maintains outsourcing and DORA registers and material third party arrangements
• Coordinates due diligence, exit planning, and regulatory reporting
• Implements DORA Article 30 contractual requirements and incident reporting
• Supports senior management in regulatory compliance and continuous improvement
• Delivers monitoring, risk-based approvals, and attestations across vendors

Kenntnisse

AI-driven risk

Stakeholder management

Regulatory reporting

Third party risk management

Information security

IT asset management

Tools

DORA knowledge

PS26/2 knowledge

Jobbeschreibung

• Cboe Europe is seeking an experienced Outsourcing and Third Party Risk Management Lead to support business owners, who hold first-line ownership of how Cboe Europe identifies, assesses, and manages the risks arising from its use of outsourcing, ICT, and other third party providers, as part of a global Infrastructure team You will run and coordinate the third party risk lifecycle in the first line of defence on behalf of business owners – inventory and classification, risk-based due diligence, contracting, ongoing monitoring, exit planning, and regulatory reporting – and lead implementation of the ICT third party requirements of the Digital Operational Resilience Act (DORA) and the FCA’s new operational incident and material third party reporting regime under PS26/2


• Working with technology, operations, procurement, legal, compliance, and audit teams, you will strengthen the resilience of trading services used by hundreds of financial services firms across the UK and EU


• The role takes an AI-first approach, automating due diligence, register maintenance, evidence gathering, monitoring, and regulatory reporting


• The successful candidate will operate and enhance first-line processes, procedures, and controls relating to outsourced, delegated, and third party arrangements


• They will also support senior management in meeting their responsibilities while driving operational excellence, regulatory compliance, and continuous improvement across the organisation


• Maintaining the third party and ICT third party inventory, including:


• Cboe Europe’s outsourcing register and DORA register of information, ensuring ICT services supporting critical or important functions are correctly identified, classified, and recorded


• The register of material third party arrangements required under FCA PS26/2 and FG26/4, kept submission-ready for return to the FCA


• Mapping of third parties to the business services, functions, processes, assets, and controls they support, including impact tolerances, RTOs, and RPOs


• Subcontracting and nth-party chains for ICT services supporting critical or important functions, with concentration, substitutability, and geographic risk recorded


• Automated data quality, reconciliation, and evidence-gathering controls so register data stays accurate, complete, and examination-ready


• Strengthening our First Line of Defence (1LOD) through robust procedures and controls aligned to Cboe’s Third Party Management Policy, and a culture of continuous improvement


• Acting as the first point of contact for business owners on third party or outsourcing matters, guiding them through onboarding, including: risk assessment, contract review, and the approval process; approval decisions remain with business owners, subject to second-line sign-off for high-risk vendors


• Running proportionate, risk-based due diligence across information security, resilience, data protection, financial crime, financial soundness, and concentration risk, coordinating with subject matter experts to form a pragmatic view of third party relationships


• Performing the initial criticality and materiality assessment, applying DORA and FCA/PRA criteria to assess whether an arrangement supports a critical or important function or constitutes a material third party arrangement, subject to second-line review and challenge


• Working with Legal and Procurement to embed the DORA Article 30 contractual requirements, including service descriptions, data and processing locations, audit and access rights, subcontracting conditions, security and resilience requirements, incident assistance, and termination rights


• Documenting exit strategies, substitutability analysis, and stressed exit plans for ICT services supporting critical or important functions


• Working closely with Operational Resilience SMEs to design and deliver third party related resiliency testing, including severe but plausible supplier failure scenarios and, where in scope, the inclusion of third parties in relevant information security testing


• Supporting first line teams with assessment, business impact analysis, and implementation planning for DORA Chapter V on ICT third party risk


• Translating FCA PS26/2 and FG26/4 on material third party reporting into operational processes, technology changes, and first-line controls ahead of the 18 March 2027 implementation date


• Coordinating cross-functional implementation with Technology, Operations, Legal, Procurement, and Product, embedding first-line control self-testing as the framework matures, and representing Third Party Management activities with second-line Compliance and Operational Risk


• Running the ongoing monitoring programme, including performance and service level reviews, control attestations, right-to-audit activity, and periodic re-assessment of material and critical third parties


• Preparing regulatory returns and notifications for review and submission by the second line (Compliance), including the DORA register of information, the FCA register of material third party arrangements, and notifications of new or significantly changed material third party arrangements


• Working with compliance SMEs for operational and ICT incident reporting where a third party is involved, providing third party information to support Compliance’s assessment against regulatory reporting criteria for UK and European entities


• Maintaining third party risk management information and reporting to senior management, internal committees, and auditors


• Tracking and reporting remediation of due diligence findings, control gaps, audit actions, and contractual remediation programmes


• Acting as a key partner to the Operations, Technology, and Procurement functions

Excellent written and verbal communication skills, with the credibility to discuss risk trade-offs with engineers, product owners, and vendors rather than citing policyWorking knowledge of DORA Chapter V on ICT third party risk, the EBA Guidelines on Outsourcing Arrangements, and FCA and PRA outsourcing and third party expectationsAt least five years’ experience in outsourcing and third party risk management, technology risk, or operational resilience within a regulated financial services environmentExperience using AI-driven scalability to enhance due diligence, evidence review, data handling, and records maintenanceExperience running due diligence and ongoing monitoring across material third parties, including critical or important outsourcing arrangements and ICT services supporting critical or important functionsExperience with IT Asset Management, Software Asset Management or related practicesStrong stakeholder management skills, with the ability to influence effectively across the business teams and management structures. Highly organised, with a pragmatic, risk-based mindset and the ability to manage a large portfolio of third parties