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Third Party Risk Management Specialist

2 months ago

London, Greater London, United Kingdom 10x Banking Full time

About the Role

We are seeking an experienced Third Party Risk Management Specialist to join our Supplier Management team at 10x Banking. As a key member of our team, you will play a crucial role in ensuring the efficient and comprehensive management of supplier risks, while monitoring adherence to broader enterprise and regulatory risk frameworks.

Key Responsibilities

  • Assist the Operations Director and the Procurement Team in transforming the Third-Party Risk Management framework and rolling it out across the organisation and our supply base.
  • Form effective relationships across all teams at all levels within the organisation and with vendors as you guide them through the TPRM framework and communicate 10x's supplier risk exposure.
  • Support a broad range of business teams by executing third-party risk management due diligence processes, including risk assessment, issuing DDQs, reviewing third-party due diligence responses, and artefacts such as certifications and accreditations, audit reports, policies, etc.
  • Be the point of contact for all audit-related requirement controls, such as SOC2, ISO, and our client assessments.
  • Support colleagues by providing specialist third-party risk management support into ongoing third-party management activity, ranging from service reviews, exit planning, and management.
  • Support business teams with the identification, remediation, and reporting of risk events arising from the use of third parties.
  • Create and present high-quality reporting addressing third-party risk and control adequacy, including due diligence assurance reports, management information for senior management and board-level oversight, etc.
  • Play a key role in evaluating, configuring, and implementing a technology solution to meet business objectives for third-party risk management.

Requirements

Ideally, you will have:

  • Proven operational and third-party risk management experience.
  • Knowledge of financial services regulatory requirements (PRA, EBA, FCA, etc.).
  • Familiarity with enterprise risk management processes, languages, tools, and systems.
  • Excellent organisational, problem-solving, and time management skills.
  • Clear communication, effective assimilation, and analysis of information.
  • Good understanding of relevant risk standards/models/terms.
  • Ability to work independently and as a team.
  • Strong attention to detail.

What We Offer

At 10x Banking, we put our people first and are committed to fostering a more diverse and inclusive culture. We offer a range of benefits, including:

  • 25 days of holiday in addition to Bank/Public Holidays (+ 1 day off on your birthday).
  • 4 wellbeing days (1 additional paid day off per quarter, aimed at supporting you to maintain your personal wellbeing).
  • Regular social gatherings and affinity groups.
  • Work from anywhere outside your typical working location – up to 4 weeks a year.
  • Career progression and learning pathways.
  • 1 paid volunteering day a year.
  • Enhanced parental policies, including time off for fertility treatment.
  • Sabbatical leave.
  • Options pool.
  • Private health insurance, with the option to add your family.
  • Pension scheme.
  • Public/Bank holiday swaps.
  • Enhanced company sick pay.
  • Life Assurance.
  • Income Protection.
  • Subscription to Headspace wellbeing app.
  • Flexible benefits via salary sacrifice.