Outsourcing and Third-Party Supplier Manager
2 weeks ago
Main Purpose of Job:
As the Outsourcing and Third-Party Supplier Manager, you will oversee the effective operation of the Outsourcing and Third-Party Management Framework, ensuring compliance with regulatory requirements and industry best practices in risk management.
Key Tasks:
- Maintain and enhance the framework for the oversight of Outsourcing and Third-Party Suppliers, ensuring continuous compliance with regulations.
- Manage the execution of the Outsourcing and Third-Party Supplier framework, including risk assessment, due diligence, and monitoring.
- Liaise with clients, suppliers, and internal functions to ensure adherence to due diligence and monitoring procedures.
- Implement minimum contract requirements for new and existing Outsourcing and Third-Party Supplier contracts.
- Handle regulatory and reporting on Outsourcing and Third-Party Supplier arrangements.
- Stay informed about regulatory developments and industry best practices, providing guidance to colleagues and clients.
- Prepare updates, reports, and dashboards for Boards and Committees, reporting on outsourcing and third-party supplier status and risks.
Job requirements:
- Experience in Third-Party Risk Management/Vendor Management/Procurement within Financial Services Operational Risk Management.
- Understanding of requirements within the Financial Services Industry, particularly PRA requirements on outsourcing and third-party risk management (SS2/21).
- Awareness of operational resilience industry standards and testing, contingency planning, and resiliency requirements for Third-Parties is advantageous.
- Knowledge of operational practices in the Lloyd's market is desirable.
- Demonstrable experience building effective relationships with internal stakeholders and clients.
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