Third-Party Risk Management Lead - 14-Month FTC

Legal & General; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Annual bonus

Pension plan

Life assurance

Healthcare plan

Holiday entitlement

Family leave

Electric car scheme

Employee discounts

Net-zero offices

Job summary

Legal & General is seeking an experienced Third-Party Risk Management Lead to shape and govern our enterprise TPRM framework. You will lead a specialist team, influence senior stakeholders, and drive regulatory compliance across risk, procurement and outsourced services.

You’ll own the strategy, operating model and transformation, chair governance forums, and report on material issues to senior leadership, ensuring accountability and continuous improvement.

Qualifications

• Significant senior leadership experience in third-party risk management, outsourcing oversight or operational risk within financial services.
• Proven experience owning enterprise-wide TPRM frameworks, policies and governance structures.
• Expert knowledge of regulatory framework for third-party risk and outsourcing in financial services.
• Experience overseeing TPRM technology implementation, development or enhancement.
• Proven track record of regulatory reviews, audits, and remediation programmes.
• Ability to influence stakeholders at all levels with a collaborative approach.
• Proven people leadership experience coaching and developing TPRM professionals.

Responsibilities

• Own and continuously enhance the Group’s TPRM framework, policies, standards and operating model.
• Define and deliver enterprise-wide TPRM strategy, roadmap and transformation programme.
• Lead outsourcing governance and regulatory compliance across third-party services.
• Chair governance forums and provide oversight of emerging risks and control effectiveness.
• Establish risk appetite, KRIs and Board-level reporting.
• Provide executive oversight of supplier incidents and resilience events.
• Lead and develop a high-performing TPRM team with a culture of improvement.
• Build relationships with regulators and senior stakeholders across Risk and Procurement.

Skills

Leadership

Stakeholder management

Strategic thinking

Collaboration

Regulatory knowledge

Risk management

TPRM expertise

People leadership

Education

Degree in finance / risk / business

Tools

TPRM software

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 they do best.

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

Please note this is a 14-month fixed-term contract.

Job Description

We’re looking for an experienced Third-Party Risk Management Lead to provide strategic leadership, governance and oversight of our enterprise-wide third-party risk management framework. Working within Group Procurement, you’ll shape the TPRM strategy, operating model and transformation agenda while helping the organisation manage supplier and outsourcing risks effectively.

This is a senior leadership opportunity for someone who combines deep financial services risk expertise with an inclusive, collaborative approach. You’ll influence senior stakeholders across the three lines of defence, lead a specialist team and play a central role in regulatory compliance, governance and continuous improvement.

What you’ll be doing:

• Owning and continuously enhancing the Group’s TPRM framework, policies, standards, procedures and target operating model
• Defining and delivering the enterprise-wide TPRM strategy, roadmap and transformation programme
• Leading outsourcing governance and regulatory compliance across third-party and external supplier services
• Chairing governance forums and providing strategic oversight of emerging risks, material issues and control effectiveness
• Establishing and overseeing risk appetite, key risk indicators, management information and Board-level reporting
• Providing executive oversight of material supplier incidents, service disruptions, resilience events and remediation activity
• Leading, developing and inspiring a high‑performing TPRM team with a culture of accountability, collaboration and continuous improvement
• Building effective relationships with regulators, senior leaders and stakeholders across Risk, Compliance, Procurement and the wider business

Who we’re looking for:

• Significant senior leadership experience in third-party risk management, outsourcing oversight or operational risk within financial services
• Proven experience of owning enterprise-wide TPRM frameworks, policies and governance structures
• Expert knowledge of the regulatory framework applying to third-party risk and outsourcing within financial services
• Experience of overseeing TPRM technology implementation, development or enhancement
• A strong track record of managing regulatory reviews, audits, control improvements and remediation programmes
• The ability to influence and challenge stakeholders at all levels through a collaborative, inclusive and practical approach
• Proven people leadership experience, including coaching and developing TPRM professionals
• A relevant degree or equivalent professional experience, ideally supported by knowledge of business, economics or supply chain management

Benefits:

• 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

Additional Information

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.