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
