Third Party Risk Management Coordinator

2 weeks ago

London, Greater London, United Kingdom Alexander Mann Solutions - Contingency Full time

We are Alexander Mann Solutions - Contingency, a global total workforce solutions firm that enables organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.

Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, we are looking for a Third-Party Risk Management Coordinator - Outsourcing for an initial 8-month contract, based hybrid in London.

Purpose of the Role:

Support the Head of Third-Party Risk Management by implementing and maintaining components of this control framework for internal and external third parties (to include outsourcing services) in line with Group requirements and taking account of any additional UK regulatory requirements.

Provide first line of defence oversight support of the London Branch TPRM control framework for all internal and external third-party services, which contribute to the delivery of service/s required.

Key Responsibilities:

  • Support the Head of Third-Party Risk Management to implement new and amended controls to ensure a robust TPRM control framework is aligned to Group and regulatory expectations.
  • Create reports and escalate issues, including the preparation of packs for the London Branch Outsourcing and Third-Party Committee.
  • Actively engage in some initiatives with the SPOCs in all Business Lines and Functions to provide independent support and ensure that the requirements of the TPRM control framework are understood and achieved.
  • Write and maintain robust control documentation and TPRM procedures.
  • Have regular interaction with all relevant 2nd line of defence teams to include legal, risk and compliance as part of the development of the TPRM control framework.
  • Support compliance to regulatory requirements and produce a gap analysis, and track TPRM control framework changes.
  • Ensure that the London Branch TPRM control framework is executed and evidenced.
  • Ensure that data within the London Branch TPRM register is maintained and is also compliant with Group and regulatory requirements.
  • Support the delegates' review of new and/or changing third party services to enable compliance to UK TPRM Policy.

Requirements:

  • Experience in Outsourcing and TPRM/compliance role or an operational risk role.
  • Sound working knowledge of policies, procedures, regulations, and legislation within Operations.
  • Experience in using the Microsoft tools such as PowerBI.
  • Have worked in financial services.

Working Arrangements:

This client will only accept workers operating via an Umbrella or PAYE engagement model.

We are a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

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