Third Party Risk Manager

Insight Select Limited; City Of London; Hybrid; GBP 120,000 - 138,000; Part time

Benefits offered by this job

Hybrid working – 3 days in office, 2/5

Day rate £650-£750 umbrella

Job summary

Insight Select Limited in London is seeking an experienced Third-Party Risk Manager for a 6–12 month contract on a hybrid basis. You will own and continuously improve the third-party risk management framework, oversee due diligence, onboarding, ongoing monitoring and exits, and provide governance reporting to senior leadership.

The role requires deep knowledge of PRA SS2/21 and SYSC outsourcing requirements, strong stakeholder management, and the ability to drive remediation across multiple

Qualifications

• Significant experience in third-party risk management, outsourcing risk, operational risk or supplier assurance.
• Experience within insurance or financial services.
• Strong working knowledge of PRA SS2/21, FCA SYSC outsourcing requirements and operational resilience expectations.
• Proven experience managing third-party risk frameworks, governance processes and enterprise risk registers.
• Excellent stakeholder management, analytical and report-writing skills, with experience presenting to senior committees.
• The ability to provide constructive challenge and drive remediation across multiple business functions.

Responsibilities

• Own and continuously improve the third-party risk management framework, policies and controls.
• Oversee the full third-party lifecycle, including due diligence, onboarding, ongoing monitoring, renewals and exits.
• Establish and lead third-party risk governance forums, providing clear reporting and escalation to senior leadership
• Maintain accurate third-party registers and coordinate regulatory reporting requirements
• Assess and challenge risks relating to outsourcing, operational resilience, cyber security, data protection and subcontracting
• Monitor material supplier arrangements, concentration risks, control gaps and remediation activity
• Collaborate with Risk, Compliance, Legal, Procurement, Information Security and business stakeholders
• Support regulatory engagement, audit reviews and continuous improvement of the control environment

Skills

Third-party risk

Outsourcing risk

Operational risk

Supplier assurance

Stakeholder management

Regulatory reporting

Job description

Third Part Risk Manager

Contract: 6 – 12 Months

Day Rate: £650 - £750 per day (umbrella)

Location: London, Hybrid

I am currently seeking an experienced Third-Party Risk Manager for a leading organisation within the insurance sector on an initial 6–12 month contract.

This is an excellent opportunity for a third-party risk specialist to take ownership of the risk management framework, strengthen governance and oversight, and support regulatory compliance across UK-regulated insurance entities.

Key Responsibilities

• Own and continuously improve the third-party risk management framework, policies and controls
• Oversee the full third-party lifecycle, including due diligence, onboarding, ongoing monitoring, renewals and exits
• Establish and lead third-party risk governance forums, providing clear reporting and escalation to senior leadership
• Maintain accurate third-party registers and coordinate regulatory reporting requirements
• Assess and challenge risks relating to outsourcing, operational resilience, cyber security, data protection and subcontracting
• Monitor material supplier arrangements, concentration risks, control gaps and remediation activity
• Collaborate with Risk, Compliance, Legal, Procurement, Information Security and business stakeholders
• Support regulatory engagement, audit reviews and continuous improvement of the control environment

Key Requirements

• Significant experience in third-party risk management, outsourcing risk, operational risk or supplier assurance
• Experience within insurance or financial services
• Strong working knowledge of PRA SS2/21, FCA SYSC outsourcing requirements and operational resilience expectations
• Proven experience managing third-party risk frameworks, governance processes and enterprise risk registers
• Excellent stakeholder management, analytical and report-writing skills, with experience presenting to senior committees
• The ability to provide constructive challenge and drive remediation across multiple business functions

Package

• 6 – 12-month contract
• London
• Hybrid working – 3 days in the office, 2 days from home
• £650 - £750 per day (umbrella)