Vendor Risk Manager

Additional Resources; 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 regulations. The role involves managing vendor assessments, risk evaluations, and performance monitoring, offering a competitive salary and excellent benefits.

Qualifications

• Experience as Vendor Risk Manager or similar role in regulated financial services.
• Knowledge of third-party risk management and operational resilience frameworks.
• Familiarity with FCA and PRA requirements.

Responsibilities

• Manage assessment and onboarding of third-party vendors.
• Conduct ongoing risk assessments and ensure compliance with regulations.
• Deliver reports on supplier performance and associated risks.

Skills

Vendor management

Regulatory compliance

Analytical skills

Negotiation skills

Interpersonal skills

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, ProcurementManager,Supplier Risk Manager, Outsourcing Risk Manageror 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.

Important Information: We endeavour to process your personal data in a fair and transparent manner. In applying for this role, Additional Resources will be acting in your best interest and may contact you in relation to the role, either by email, phone or text message. For more information see our Privacy Policy on our website. It is important you are aware of your individual rights and the provisions the company has put in place to protect your data. If you would like further information on the policy or GDPR please contact us.

Additional Resources are an Employment Business and an Employment Agency as defined within The Conduct of Employment Agencies & Employment Businesses Regulations 2003.