Senior Third Party Risk Manager Full Time

Pay.UK Limited

Senior Third Party Risk Manager – Hybrid (office based 2 days a week)

The Senior Third Party Risk Manager will report to the Head of Third Party Risk Management, and will support and where appropriate lead the development, implementation and embedment of a new framework to address a widened regulatory perimeter for the suppliers with whom we engage.

The successful candidate will have demonstrative capabilities in building relationships, understanding third party risk frameworks and formulating a risk based approach to 3rd party supplier management.

Accountabilities

Third Party Risk Management Framework Development

• Work with the Head of Third Party Risk Management to develop, implement, and embed the Third-Party Risk Management Framework to meet the expanded regulatory objectives of FMID.
• Work with the Head of Third Party Risk Management& the Head of Commercial Management to adapt and enhance the existing procurement policy, processes and procedures.

Regulatory Engagement

• Work with the Regulatory Engagement Team to support the Procurement team’s response to matters including Third Party Risk, Outsourcing, Cloud, and Critical Third Parties.
• Engage directly with FMID and the PSR as appropriate.

Stakeholder Management

• C-suite level engagement and presentation at RiskCo & Exco may be required.
• Build robust relationships with relevant SME areas including but not limited to Security, Operational Resilience, Legal, and Cyber Security.
• Work with the Commercial Management and Procurement team to ensure that interactions with Suppliers are consistent, proportionate, and considered.

Reporting

• Work with the Head of Third Party Risk to build an appropriate and proportionate approach to reporting Third Party Risk both within and external to Pay.UK.
• Work with the Head of Third Party Risk to develop, implement, and embed a set of TPRM KRI’s.

People Management

• Develop coaching relationships at all levels to support the development of colleagues and increase the effectiveness of the function.

Systems

Consider if and how current or new systems may be utilised to meet the objectives of Third-Party Risk Management.

Skills, Experience & Qualifications

• Knowledge of the financial services and technology industries
• Knowledge of IT contracts (preferred)
• Knowledge of third party risk management approaches
• Worked within a regulated environment (essential)
• Strong reporting experience
• Able to effectively communicate at all levels, both internally and externally to C-Suite level
• Proven ability to manage and drive successful business change programmes
• Computer literate including ability to utilise in-house and external software
• MCIPS and/or IACCM qualified (desirable)
• Degree level education (desirable)