Third Party Risk Manager

Bupa; Greater London; Hybrid; GBP 56,000 - 64,000; Full time

Benefits offered by this job

25 days holiday

Cash allowance in lieu of benefits

Onsite gyms or local discounts

Various other benefits and online-dis<

Job summary

Bupa is seeking a Third Party Risk Manager on a fixed-term contract based in London or Manchester, with hybrid working 2 days in the office. The role focuses on identifying, assessing and managing supplier risks across the business and ensuring regulatory alignment.

You will lead risk governance, develop controls, produce risk reporting and support audits while collaborating with procurement teams and senior stakeholders. This is a fixed-term assignment until Oct 2027.

Qualifications

• Experience in third-party risk management, supplier assurance, procurement risk or a similar role.
• Strong understanding of supplier risk management frameworks, controls and governance processes.
• Knowledge of regulatory requirements within a regulated environment, including FCA and PRA expectations.
• Experience working with supplier assurance activities and risk management practices.
• Strong communication skills with the ability to build relationships and influence stakeholders at all levels.
• Ability to analyse risk information and present clear recommendations.
• A proactive approach to continuous improvement and driving compliance.
• Good understanding of supply chain processes and supplier management principles.
• Customer-focused mindset with strong organisational and problem-solving skills.
• Experience working within a Procurement function.
• Experience working with risk management systems and supplier governance tools.
• Experience supporting governance committees and regulatory reporting activities.

Responsibilities

• Lead the development and continuous improvement of Procurement’s third-party risk management approach and controls framework.
• Support compliance with Procurement policies, supplier governance standards and outsourcing requirements.
• Monitor and assess third-party risks, providing guidance and recommendations to stakeholders across the business.
• Act as a subject matter expert for third-party risk management within Procurement.
• Produce meaningful reporting and management information that provides insight into the supplier risk environment.
• Support supplier risk monitoring, assurance activities and continuous evaluation of controls.
• Work closely with category teams to provide advice, guidance and support throughout the supplier lifecycle.
• Support audit activity, controls testing and risk reviews.
• Contribute to incident management, risk reporting and governance activities.
• Support governance committee submissions and help prepare materials for senior stakeholders.
• Build strong relationships across Procurement and the wider business to promote effective risk management.

Skills

Third party risk management

Regulatory compliance

Stakeholder communication

Tools

Risk management systems

Supplier governance tools

Job description

Third Party Risk Manager (Fixed Term)
Salary: From £56,000 + (Dependant on location and experience)
Location status: Hybrid Working - 2 days in the office
Location: Bupa Place, Manchester or Angel Court, London
Role Type: Fixed Term Contract - Until October 2027
Hours: 37.5 hrs per week

We make health happen

At Bupa, we’re helping people live longer, healthier, happier lives. To do that safely and effectively, we need strong partnerships with suppliers who support our business and the services we provide to customers.

As a Third Party Risk Manager, you’ll play an important role in helping us identify, assess and manage risks across our supplier landscape. Working within Procurement’s Centre of Excellence, you’ll help ensure that third-party risk is managed effectively, policies are followed and the business is prepared to respond to a changing regulatory environment.

This is an opportunity to work across multiple business areas, providing expert guidance on supplier risk, governance and compliance. You’ll help drive continuous improvement, support decision-making and contribute to protecting Bupa, our customers and our reputation.

Key Responsibilities

• Lead the development and continuous improvement of Procurement’s third-party risk management approach and controls framework

• Support compliance with Procurement policies, supplier governance standards and outsourcing requirements

• Monitor and assess third-party risks, providing guidance and recommendations to stakeholders across the business

• Act as a subject matter expert for third-party risk management within Procurement

• Produce meaningful reporting and management information that provides insight into the supplier risk environment

• Support supplier risk monitoring, assurance activities and continuous evaluation of controls

• Work closely with category teams to provide advice, guidance and support throughout the supplier lifecycle

• Support audit activity, controls testing and risk reviews

• Contribute to incident management, risk reporting and governance activities

• Support governance committee submissions and help prepare materials for senior stakeholders

• Build strong relationships across Procurement and the wider business to promote effective risk management

What We’re Looking For

• Experience in third-party risk management, supplier assurance, procurement risk or a similar role

• Strong understanding of supplier risk management frameworks, controls and governance processes

• Knowledge of regulatory requirements within a regulated environment, including FCA and PRA expectations

• Experience working with supplier assurance activities and risk management practices

• Strong communication skills with the ability to build relationships and influence stakeholders at all levels

• Ability to analyse risk information and present clear recommendations

• A proactive approach to continuous improvement and driving compliance

• Good understanding of supply chain processes and supplier management principles

• Customer-focused mindset with strong organisational and problem-solving skills

• Experience working within a Procurement function

• Experience working with risk management systems and supplier governance tools

• Experience supporting governance committees and regulatory reporting activities

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.

Joining Bupa in this role you will receive the following benefits and more:

• 25 days holiday

• Cash allowance in lieu of benefits

• Onsite gyms or local discounts where no onsite gym available

• Various other benefits and online discounts

Why Bupa

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

Time Type:

Full time

Job Area:

Legal, Risk & Audit

Locations:

Angel Court, London, Bupa Place