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Third-Party Risk Specialist

Posted: 18/12/24
Recruiter:Procurement Heads
Reference:2868454568
Type:Permanent
Salary:£55,000 Annual Up to £55,000 salary + bonus + 25 days holida
Location:City, London
Description: A global insurance company is looking for a Third-Party Risk Specialist to join their growing TPRM team.

To succeed in this role, you'll need experience working with third-party suppliers on risk, due diligence, and assurance, ideally but not essentially within a financial services environment.

You'll work as a point of contact for the Supplier Relationship Management (SRM), Procurement and Sourcing teams to ensure their risk activity runs efficiently and in line with all regulatory requirements.

This is a newly created standalone role, reporting directly into the Head of SRM for the UK.

The working policy is flexible, with visits to the London or Surrey office once or twice a month.

Key Responsibilities
  • Support relevant Business Owners with TPRM lifecycle activities, including risk assessments
  • Oversee timely third-party remediation activities and related reporting
  • Assist with onboarding new third parties, ensuring due diligence is completed
  • Help define and execute exit plans with relevant functions
  • Maintain stakeholder relationships, ensure compliance, and manage third-party data accuracy
  • Support audit responses and provide feedback to improve TPRM policies
Key Skills
  • Knowledge and understanding of Procurement and risk management processes, specifically due diligence, risk assessment and remediation activities
  • Understanding of supplier assurance and relationship management practises
  • Understanding of corporate risk/risk management, preferably through experience working in Banking and or Insurance sectors in Assurance / TPRM roles
  • Track record of accuracy and attention to detail
  • Strength in organisation and planning to ensure that deadlines and business objectives are met within fast paced environments
  • Proactive approach to personal learning and development
  • Self-motivated and capable of setting personal goals and achievement targets
Key Benefits
  • Up to £55,000 salary
  • Flexible buy/sell holiday options
  • Annual performance-related bonus
  • Contributory pension scheme

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