Third Party Risk Manager

About the Role

A Private Equity backed Financial Services business are looking for are seeking a Third-Party Risk Manager. This role will be responsible for managing and mitigating risks associated with third-party suppliers and service providers. You will work closely with stakeholders across procurement, compliance, legal, and risk functions to ensure robust due diligence, monitoring, and governance of our supplier relationships.

Key Responsibilities

• Third-Party Risk Assessment & Governance: Implement and enhance third-party risk management (TPRM) frameworks, policies, and controls within procurement.
• Supplier Due Diligence: Conduct risk assessments on new and existing suppliers, evaluating areas such as financial stability, cybersecurity, regulatory compliance, and operational resilience.
• Risk Monitoring & Reporting: Continuously monitor supplier risks and performance, identifying emerging risks and ensuring compliance with internal policies and regulatory standards.
• Stakeholder Engagement: Work closely with procurement, legal, compliance, and operational teams to embed risk-aware decision-making across the supplier lifecycle.
• Incident Management & Mitigation: Develop and implement strategies for risk mitigation and remediation plans in case of supplier-related disruptions or compliance failures.
• Regulatory Compliance: Ensure alignment with key regulations (e.g., FCA, PRA, GDPR, DORA), industry best practices, and internal governance frameworks.
• Process Improvement: Continuously evolve third-party risk management processes to enhance efficiency and effectiveness, leveraging data analytics and technology.

Key Skills & Experience

• Proven experience in third-party risk management, procurement, supplier governance, or operational risk within financial services.
• Strong understanding of procurement processes, supplier due diligence, and contract risk management.
• Familiarity with regulatory requirements (e.g., FCA, PRA, GDPR, DORA) and their impact on third-party relationships.
• Ability to interpret complex risk assessments, cybersecurity, and data privacy concerns.
• Excellent stakeholder management skills, with the ability to engage cross-functional teams.
• Strong analytical and problem-solving skills, with experience in risk reporting and mitigation strategies.
• Experience with TPRM tools and technology is an advantage.

Why Join?

• Work for a PE backed, financial services business with a strong commitment to risk management and compliance.
• Be part of a high-performing team, shaping the future of supplier risk governance.
• Competitive salary, bonus, pension, healthcare, and flexible working options.
• Career development opportunities in procurement, risk, and supplier management.