Vendor Risk Manager

Jobit; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A prestigious foreign bank in Central London is seeking a Vendor Risk Manager to oversee third-party relationships and ensure compliance with regulatory requirements. This office-based role offers a competitive salary and excellent benefits, focusing on vendor performance and risk management in a regulated financial environment.

Qualifications

• Previous experience as a Vendor Risk Manager or similar role.
• Knowledge of third-party risk management and regulatory compliance.
• Familiarity with FCA and PRA requirements.

Responsibilities

• Manage assessment, selection, and onboarding of third-party vendors.
• Conduct ongoing risk assessments and due diligence.
• Ensure vendor compliance with regulations and internal policies.

Skills

Analytical skills

Negotiation skills

Interpersonal skills

Education

Experience in regulated financial services

Tools

Vendor management systems (VMS)

Contract management tools

Job description

An exciting opportunity has arisen for a Vendor Risk Manager to join a prestigious foreign bank based in the heart of Central London.

This is an office-based role offering a competitive salary and excellent benefits.

As a Vendor Risk Manager, you will report to the Operational Resilience and Business Continuity Manager.

You'll be responsible for overseeing all third-party and supplier relationships, ensuring compliance with regulatory requirements, alignment with internal policies, and delivery of optimal value to the organisation.

You will be responsible for:



* Manage the assessment, selection, and onboarding process for third-party vendors and service providers.


* Carry out ongoing risk assessments and due diligence to mitigate risks across operational, financial, cybersecurity, and reputational areas.


* Ensure vendor compliance with relevant regulations and internal policies, including GDPR (UK DPA 2018) and ISO 27001 standards.


* Develop and track KPIs to monitor vendor performance and adherence to agreed service levels.


* Work closely with Legal and internal teams to negotiate and manage contracts, ensuring clear deliverables, timelines, and compliance expectations.


* Act as the main liaison between the organisation and its external suppliers.


* Maintain accurate and up-to-date records of vendor performance, risk evaluations, and compliance status.


* Deliver regular reports and analysis to senior leadership on supplier performance and associated risks.


* Drive continuous improvements in vendor governance processes to enhance oversight and operational efficiency.


What we are looking for:



* Previous experience as a Vendor Risk Manager, Third-Party Risk Manager, Supplier Relationship Manager, Vendor Manager, Procurement Manager, Supplier Risk Manager, Outsourcing Risk Manager or in a similar role within a regulated financial services environment.


* Knowledge of third-party risk management, regulatory compliance, and operational resilience frameworks.


* Familiarity with FCA and PRA requirements and best practices in vendor governance.


* Skilled in vendor management systems (VMS) and contract management tools.


* Strong analytical, negotiation, and interpersonal skills.


Apply now for this exceptional opportunity to work with a dynamic team and further enhance your career.

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