Third Party Risk Manager

Insight Select Limited; Greater London; Hybrid; GBP 111,000 - 166,000; Full time

Job summary

Insight Select Limited is seeking an experienced Third-Party Risk Manager for a leading insurance organisation in London on a 6–12 month contract. The role will own and continuously improve the third‑party risk management framework, strengthen governance and oversight, and support regulatory compliance across UK entities.

You will oversee the full external supplier lifecycle, establish risk governance forums, maintain registers, and coordinate reporting.

Qualifications

• Significant experience in third-party risk management, outsourcing risk, or supplier assurance.
• Experience within insurance or financial services.
• Knowledge of PRA SS2/21, FCA SYSC outsourcing, and resilience expectations.
• Experience managing risk frameworks, governance processes, and risk registers.
• Strong stakeholder management, analytical and report-writing skills for senior committees.
• Ability to drive remediation across business functions.

Responsibilities

• Own and improve the third-party risk management framework, policies and controls.
• Oversee full third-party lifecycle: due diligence, onboarding, monitoring, renewals, exits.
• Establish and lead risk governance forums with reporting to senior leadership.
• Maintain third-party registers and coordinate regulatory reporting.
• Assess risks related to outsourcing, resilience, cyber, data protection, subcontracting.
• Monitor supplier arrangements, concentration risks, remediation activity.
• Collaborate with Risk, Compliance, Legal, Procurement, Information Security, and business units.
• Support regulatory engagement, audits, and continuous control improvement.

Skills

Third-party risk

Outsourcing risk

Operational risk

Supplier assurance

Stakeholder management

Job description

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