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Third Party Risk Manager

MS Amlin Business Services

London

Hybrid

GBP 50,000 - 80,000

Full time

7 days ago

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Job summary

An established industry player is seeking a skilled Third-Party Risk Manager to lead the development of risk management frameworks. This pivotal role involves collaborating with cross-functional teams to ensure compliance and effective risk mitigation strategies. You will act as a trusted advisor, fostering strong relationships with vendors and internal stakeholders. If you are passionate about risk management and thrive in dynamic environments, this opportunity is perfect for you. Join a forward-thinking company that values diversity and is committed to excellence in risk management.

Benefits

Competitive Base Salary

Performance Related Discretionary Bonus

28 Days Core Annual Leave

Private Medical Cover

Flex Fund of £1,000

Life Assurance: 5x Annual Salary

Qualifications

Extensive experience in procurement and third-party risk management.
Strong analytical skills with proven risk assessment capabilities.

Responsibilities

Develop and implement third-party risk management frameworks.
Conduct thorough risk assessments of third-party vendors.

Skills

Third-Party Risk Management

Analytical Skills

Communication Skills

Collaboration

Risk Assessment

Education

Bachelor's Degree

Professional Certification in Risk Management

Tools

Risk Management Software

Compliance Tools

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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 a highly skilled Third-Party Risk Manager to development 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 frameworks 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.
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…

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 procurement and 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!

What Can You Expect From Us?

Competitive Base Salary
Performance Related Discretionary Bonus
Holiday: 28 days core annual leave, and you can buy up to 5 days
Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
Private Medical: cover for yourself. Family members/dependants can be added
Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits
Life Assurance: 5x annualised base salary

Each one of us is unique because of our backgrounds, what we have learned so far and how we express that. Establishing an inclusive attitude helps us, organisationally, to ‘think outside the box’ because it calls on that diverse range of ideas, perspectives and lived experiences.

We commit to continuing our work towards a more diverse and inclusive future by recognising that our business, our teams and every colleague has a part to play in driving the positive change we all want to see.

Our values demonstrate our commitment to providing an environment in which each and every colleague is respected for who they are and what they can contribute to the business, regardless of nationality, race, ethnicity, religion/faith, sexual orientation, gender identity, gender expression, disability, socio-economic background, sex or age.

#MSABS

Seniority level

Seniority level
Mid-Senior level

Employment type

Employment type
Full-time

Job function

Job function
Finance and Sales
Industries
Insurance

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