Third Party Risk Manager

Admiral Group Plc; Cardiff; On-site; GBP 40,000 - 65,000; Full time

Job summary

Join Admiral Group Plc as a Third Party Risk Manager, where you will be integral in establishing a strong framework for supplier risk management. The role involves close collaboration with various teams, embedding policies, conducting risk assessments, and ensuring controls are in place to achieve effective risk governance. You will be part of a culture that values diversity and offers generous benefits, including up to 38 days of holiday and employee share options.

Benefits

Up to £3,600 of free shares each year after one year of service.

33 days holiday increasing with service.

Opportunity to buy or sell up to five additional days of annual leave.

Qualifications

• Prior experience managing risks, controls, and governance processes.
• Proven ability to interrogate/ analyse management information.
• Knowledge of the general insurance market and current regulatory landscape.

Responsibilities

• Develop and maintain the Third Party risk governance framework.
• Facilitate risk assessments for suppliers and ensure compliance.
• Continuously review and monitor Third Party Risk exposure.

Skills

Stakeholder management

Risk analysis

Determination

Resilience

Job description

Third Party Risk Manager

This is a fantastic opportunity for you to join the Line 1 Risk & Control team in the Customer & Conduct Department and establish a career in Risk. Customer & Conduct are a first line team that sit across EUI Ltd. The Risk Team are focused on supporting risk management processes and promoting consistency in risk management and Group Standards.

We are looking for a Risk Manager to support a Senior Third Party Risk Manager in embedding a Supplier Risk Framework in the business, whilst working very closely with specific departments in the business to support their supplier risk management.

Job Purpose

The overall objective for the role is to develop and maintain the Third Party risk governance framework in Line 1.

You will partner closely with the relevant supplier relationships departments and other Risk Teams, proactively supporting them in managing their risk and governance responsibilities.

Effective, structured management of risk and governance will be a key factor in the role. Your role will be to support the maturity of the Third Party risk framework across EUI, embedding policy, supporting risk assessment, overseeing assurance activity and reporting on third party risk exposure.

Main Duties

• Work in partnership with the relevant supplier/ risk departments to drive and embed first line risk activity from a centralised team, through risk management support and governance.
• Build and maintain relationships with all relevant supplier relationship and Third Party risk teams.
• Develop and maintain the Third Party risk governance framework, policies and controls for managing third party risk.
• Facilitate risk assessments for suppliers, working with supplier teams to ensure alignment to regulatory requirements and risk appetite.
• Support the development and maturity Risk Registers and supporting reviews, ensuring all risks and controls are identified, consistently assessed, and have effective ownership.
• Continuously review and monitor Third Party Risk exposure, ensuring appropriate controls are in place.
• Support the governance and reporting on Third Party risk, reporting on the status of key third party risk management artefacts and activities.
• Identify and track emerging risks, ensuring suitable escalation of significant concerns.
• Ensure policy requirements and internal standards are met, identifying any shortfalls, and ensuring appropriate actions to address.

Key Skills, Experience and Qualifications

• Prior experience of managing risks, controls and governance processes
• Proven ability to interrogate/ analyse MI.
• Knowledge of the general insurance market and current regulatory landscape.
• Determination, resilience and focus to achieve results without distraction or setback
• Good stakeholder management and influencing skills.
• Previous experience of working in supplier risk/ procurement roles would be desirable.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefitshere.’’

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