Third Party Risk Manager

MS Amlin Ltd; London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading risk management firm in London is looking for an experienced Third Party Risk Manager to develop and implement a robust risk management framework. In this role, you will coordinate vendor risk assessments and ensure compliance with regulations. Strong analytical and communication skills are essential, as you will collaborate closely with various internal teams. This is a hybrid full-time position offering the opportunity to lead significant change in an engaging environment.

Qualifications

• Extensive experience in third party risk management with a proven track record.
• Strong analytical skills for conducting thorough risk assessments.
• Excellent communication and interpersonal skills.

Responsibilities

• Develop and implement third-party risk management framework.
• Conduct thorough risk assessments of third-party vendors.
• Monitor and report on third party risk exposure.

Skills

Analytical skills

Communication skills

Risk assessment

Collaborative mindset

Job description

Third Party Risk Manager

Location: London

Contract Type: Permanent

Work Pattern: Full Time and Hybrid (2/3 days a week in the office)

About The Role

We are seeking an experienced Third Party Risk Manager to develop and implement a best-in-class third party risk management framework. This is a pivotal role in ensuring effective management and governance of third-party risk across external and intra-group supplier engagements including outsourcing.

You will act as a trusted advisor to various Amlin Legal Entities and internal ABS stakeholders, communicating complex concepts clearly and without jargon. As the Third Party Risk Manager, you will be responsible for coordinating vendor risk assessment, onboarding, in-service monitoring, regular due diligence in accordance with the framework, and preparing regular reporting on TPRM matters.

Additionally, you will collaborate with cross-functional teams, including Legal, HR, IT, Risk Management, Compliance, and Finance, to support organisational goals and strategic initiatives and continually improve procedures, tools and controls to ensure compliance with regulatory standards and best practices for third party risk.

By fostering strong relationships with vendors and promoting a culture of excellence, you will ensure MS Amlin's third party risk management practices are both effective and compliant with industry standards.

What You'll Spend Your Time Doing

• Develop and implement third-party risk management framework in compliance with various regulations, to ensure effective monitoring and mitigation of risks associated with external vendors and partners.
• Lead the development of risk mitigation strategies, including contingency planning and incident response for third party related risks.
• Conduct thorough risk assessments of third-party vendors, evaluating their financial stability, compliance with regulations, and overall risk profile.

• Collaborate with procurement, Information Security, Data Protection and Legal Entities to ensure that all third party contracts include appropriate risk management clauses and compliance requirements.
• Ensure compliance and reporting on controls and audit requirements.
• Monitor and report on third party risk exposure, providing regular updates to senior management and relevant stakeholders.
• Stay updated on industry best practices and regulatory changes, ensuring the organisation's third party risk management practices remain compliant and effective.

• Foster strong relationships with third party vendors, promoting a culture of transparency and collaboration to manage risks proactively.
• Provide training and guidance to internal teams on third party risk management policies and procedures, enhancing overall organisational awareness and capability.

You're Going To Enjoy This Job If You...

• Are willing to roll your sleeves up and get stuck into shaping, building and running a great TPRM programme
• Thrive in a dynamic environment where you can lead transformational initiatives and drive significant change within the Procurement function.
• Excel at building relationships and acting as a trusted advisor, communicating complex concepts clearly and effectively to various stakeholders.
• Have a passion for risk management, with a keen eye for identifying and mitigating third party risks to ensure organisational stability and compliance.
• Enjoy collaborating with cross-functional teams, leveraging diverse expertise to achieve strategic goals and enhance overall business performance.

What We Need From You

• Extensive experience in third party risk management, with a proven track record of leading transformational initiatives within a complex organisation.
• Strong analytical skills, with the ability to conduct thorough risk assessments and develop effective risk mitigation strategies.
• Excellent communication and interpersonal skills, capable of acting as a trusted advisor and building strong relationships with internal stakeholders and external vendors.
• A collaborative mindset, with the ability to work effectively with cross-functional teams, including Legal, HR, IT, Risk Management, Compliance, and Finance, to achieve strategic goals.

We are stronger together because of our common interests and rich differences. You may be the strength we didn't know we needed. Believe in yourself, and click apply today!