Third Party Risk Management (TPRM) Principal Consultant

PA Consulting Group; Greater London; Hybrid; GBP 110,000 - 190,000; Full time

Job summary

PA Consulting Group seeks an exceptional Third Party Risk Management (TPRM) leader to join our Financial Services practice in the UK. The role targets individuals with deep industry expertise and consulting experience who can navigate complex third-party ecosystems and advise executives, boards, and regulators.

You will bring experience from banks, insurers, asset managers or regulators and lead transformations across cloud adoption, AI, critical third parties, and operational resilience, in a

Qualifications

• Deep industry expertise with consulting background
• Trusted advisor to executives, boards and regulators
• Experience within banks, insurers, asset managers or regulators

Responsibilities

• Lead the design and transformation of enterprise-wide TPRM frameworks, operating models and governance structures.
• Advise Boards and Executive Committees on third-party, outsourcing and supplier-related risks.
• Develop target operating models that align procurement, risk, resilience, compliance, legal and technology functions.
• Lead large-scale TPRM transformation, remediation and regulatory change programmes.
• Define risk appetites, control frameworks, policies, standards and key risk indicators.

Skills

TPRM leadership

Regulatory knowledge

Stakeholder engagement

Job description

Third Party Risk Management (TPRM) Principal Consultant

We believe in the power of ingenuity to build a positive human future.

As strategies, technologies, and innovation collide, we create opportunity from complexity.

Our teams of interdisciplinary experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results.

We are over 4,000 strategists, innovators, designers, consultants, digital experts, scientists, engineers, and technologists. And we have deep expertise in consumer and manufacturing, defence and security, energy and utilities, financial services, government and public services, health and life sciences, and transport.

Our teams operate globally from offices across the UK, Ireland, US, Nordics, and Netherlands.

PA. Bringing Ingenuity to Life.

Third Party Risk Management (TPRM)

Location: UK / Hybrid
Sector Coverage: Banking, Insurance, Asset & Wealth Management, Financial Market Infrastructure, Regulatory Bodies

About the Role

We are seeking an exceptional Third Party Risk Management (TPRM) leader to join our Financial Services practice.

This role is suited to an individual who combines deep industry expertise with consulting experience and has helped major financial institutions navigate increasingly complex third-party ecosystems. You will be recognised as a trusted advisor to executives, boards and regulators, with a proven track record of designing, transforming and operating leading TPRM, outsourcing and operational resilience capabilities.

You will bring experience gained within banks, insurers, asset managers or regulators, complemented by a consulting background that enables you to solve complex challenges, lead large-scale transformations and shape strategic thinking across organisations.

As a senior leader, you will help clients address the challenges posed by cloud adoption, AI, critical third parties, operational resilience, concentration risk, emerging regulation and increasingly interconnected supply chains.

Key Responsibilities

TPRM Strategy and Transformation

• Lead the design and transformation of enterprise-wide TPRM frameworks, operating models and governance structures.
• Advise Boards and Executive Committees on third-party, outsourcing and supplier-related risks.
• Develop target operating models that align procurement, risk, resilience, compliance, legal and technology functions.
• Lead large-scale TPRM transformation, remediation and regulatory change programmes.
• Define risk appetites, control frameworks, policies, standards and key risk indicators.

Regulatory and Supervisory Expertise

• Advise clients on current and emerging regulatory requirements, including:
  • PRA SS2/21
  • FCA Operational Resilience
  • DORA
  • EBA Outsourcing Guidelines
  • Basel