Third Party Risk Manager

A high-growth business in the Insurance sector is searching for a Third-Party Risk Manager to join the team in the Whiteley area.

Full Job Description

A high-growth business in the Insurance sector is searching for a Third-Party Risk Manager to join the team in the Whiteley area.

Your Role:

While in this position your duties may include but will not be limited to:

• Undertaking thorough risk assessments and checks on third-party vendors and suppliers and identifying potential data privacy, cybersecurity or financial health related risks and determine the impact of these risks on the business
• Monitoring the compliance with policies, procedures and requirements, governing the implementing of the TPRM Framework and policies including ones relating to onboarding and offboarding, whilst also supporting the development of exit plans for the potential needs in cases of contract termination
• Overseeing third-party performance and compliance against contractual obligations, including SLAs and controls, as well as tracking potential and ongoing third-party risks, whilst providing regular reported updates to senior management and maintaining all information required on a database of third-party risk assessments and performance metrics
• Ensuring compliance with regulations such as DORA and GDPR as well as industry standards, by conducting regular audits and assessments and collaborating with the legal teams to ensure that all vendor contracts include relevant information and narrative about risk and security clauses
• Appropriately investigating third-party related incidents and updating the incident response plans as needed in relation to this
• Supporting third-party vendors to address risks that have been identified and ensure appropriate action has been taken, ensuring that risk mitigation strategies have been implemented and that any critical risks are escalated
• Acting as a key point of contact and liaison for third-party vendors and stakeholders to ensure that affective communication is maintained regarding risks at all times

You MUST Have:

Please apply ONLY if you meet the following criteria:

• Experience gained from within a fully regulated industry
• Specific knowledge and experience of third-party risk management frameworks and best practices
• Substantial experience conducting risk assessments and audits on suppliers, vendors and partners
• Have knowledge of regulations and industry standards such as GDPR, DORA and ISO 27001
• Knowledge of information security

Desirable:

• Any relevant qualifications related to risk management and information security

Your Opportunity:

This is a leading business in the insurance sector with excellent and exciting growth plans for the near future as they continue to grow within the market that they operate in over the next few years. With responsibility for detecting and analysing all related risks from the businesses current and potential vendors, suppliers and partners and then establishing robust strategies to mitigate these, this is an exceptionally important role for the expansion of this business over the course of the next few years, with the position holder acting as a key point of contact and subject matter expert on third-party risk management.

For the successful candidate, this company are offering an excellent starting salary in the region of £50,000 which will also accompany a peripheral package that will include a strong holiday allocation, pension and a plethora of other rewards. While in this role, the successful candidate can expect the ongoing and wholesome support from senior management and peers in order to develop their skills and progress within the company. As the company continues to grow over the next few years there will be stable room for career growth, highlighting a rewarding and hands on opportunity.