Third-Party Risk Specialist

Job title:

Third-Party Risk Specialist

Company

Procurement Heads

Job 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

Expected salary

£55000 per year

Location

London

Job date

Fri, 20 Dec 2024 08:41:15 GMT

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