Third-Party Risk Management Analyst

Overview

In this role you will help strengthen and continuously improve how we manage supplier risk across the organisation. You will collaborate with Procurement, Supplier Management, Risk and business teams to implement policies, perform due diligence, monitor risks, and support governance and reporting throughout the supplier lifecycle. You will help ensure consistent, effective controls and risk-based decision making. This is an opportunity to shape third-party risk management at scale within a trusted financial services group.

Pay / Benefits

• annual bonus plan
• share schemes
• pension contribution
• life assurance
• healthcare plan
• holiday entitlement

Responsibilities

• Support the implementation and ongoing operation of third-party risk management policies, standards, procedures and controls
• Coordinate supplier segmentation, materiality and criticality assessments, risk assessments and due diligence
• Monitor supplier risks, assurance activity, remediation actions and incidents throughout the supplier lifecycle
• Maintain accurate records of supplier risks, actions and decisions within third-party risk management systems
• Produce management information, dashboards and reports for senior stakeholders and governance forums
• Coordinate governance, audit and assurance actions while tracking progress and escalating overdue activities
• Build effective relationships with Procurement, Supplier Management, Risk, business stakeholders and external suppliers
• Identify opportunities to improve processes, controls, systems, data and ways of working

Key requirements

• Experience in third-party risk management, supplier management, procurement, compliance, operational resilience or a related discipline
• Experience coordinating supplier risk assessments, due diligence and ongoing monitoring
• Good understanding of third-party risk management principles and the supplier lifecycle
• Understanding of risk assessment, control frameworks and relevant financial services regulatory requirements
• Experience coordinating actions, issues or remediation activities through to completion
• Confidence producing management information and reports for senior stakeholders
• Strong organisational skills, with the ability to manage multiple priorities and deadlines
• A collaborative approach and the ability to build effective relationships with internal stakeholders and external suppliers

• collaborative
• stakeholder management
• strong communication
• third-party risk management principles
• supplier lifecycle
• risk assessments and due diligence

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