Overview
The Third Party Risk Manager will play a crucial role in supporting the Third Party Risk & Outsourcing function for a UK challenger bank on a contract basis. This position requires a hands-on approach to effectively manage and enhance outsourcing governance processes, conduct assessments, and drive regulatory compliance activities. The contractor will collaborate closely with various teams including Risk, Compliance, and Audit, ensuring a focus on supplier management and operational resilience.
Responsibilities
- Conduct materiality and criticality assessments.
- Maintain and enhance outsourcing governance processes.
- Manage and update outsourcing registers.
- Perform supplier due diligence and ongoing reviews.
- Support SS2/21 regulatory compliance activities.
- Drive supplier remediation activity.
- Engage directly with business units, suppliers, and relevant internal teams.
- Assist with regulatory and governance reporting.
Requirements
- Significant experience as a Third Party Risk Manager or similar role.
- Proven track record in outsourcing governance and supplier risk management.
- Strong understanding of PRA SS2/21 regulations.
- Experience conducting materiality and criticality assessments.
- Familiarity with supplier due diligence processes.
- Knowledge of financial services compliance.