Senior Associate - Third Party Risk

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes Business Risk & Controls, Financial Crime Operations and Facilities Management. As a Senior Associate - Third Party Risk Management, you will be responsible for supporting the Third Party Risk Management (TRPM) framework by assessing, monitoring and managing risks associated with external suppliers and service providers.

You will conduct detailed risk assessments, maintain oversight of critical and important third-party relationships and ensure compliance with FCA/PRA outsourcing and operational resilience requirements. This is a full time permanent position.

• Conduct initial and ongoing risk assessments of third-party vendors across domains including cyber, financial, operational and compliance risk
• Support supplier onboarding and due diligence, ensuring alignment with internal policies and regulatory requirements
• Maintain and update the third-party inventory, ensuring accurate classification of critical and important suppliers
• Monitor vendor performance and risk exposure through periodic reviews, assessments, and control testing
• Collaborate with Procurement, Legal, Information Security and Business Units to ensure consistent application of the TPRM framework
• Track and report on remediation activities for identified third-party risks and control gaps
• Prepare Management Information (MI), dashboards and reporting for senior stakeholders, regulators and auditors
• Keep abreast of regulatory developments and industry best practices related to third-party risk and operational resilience
• Contribute to the enhancement of TPRM policies, procedures, tools and training materials
• Support relevant testing and implementation, prepare business requirements for new system

• Degree educated in Finance, Accounting or Business
• Experience with in the Financial Services industry and proven track record in similar business stream
• Relevant professional qualification is a plus
• Knowledge of risk assessment methodologies and familiarity with Governance, Risk, and Compliance (GRC) platforms
• Good understanding of UK regulatory requirements especially FCA/PRA guidelines on outsourcing and operational resilience
• Good MS Excel skills
• Team player
• Analytical mind set with attention to detail
• Excellent communication skills