Third-Party Risk Management Professional

6 days ago

London, Greater London, United Kingdom Rothschild & Co Full time
About Us
Rothschild & Co is a leading global financial services group with over 200 years of history at the centre of the world's financial markets.
We offer expertise, intellectual capital and a global network that enables us to deliver a unique perspective across four market-leading business divisions - Global Advisory, Wealth Management, Asset Management and Five Arrows.
Our family-controlled business is built on relationships, and we place a huge emphasis on our people and finding the right colleagues to take our business forward.
We are committed to an inclusive and supportive environment where diversity and different perspectives are valued. We focus on attracting and retaining high-calibre talent to ensure we benefit from the value of difference.
Title: Third-Party Risk Management (TPRM) Analyst - DORA
Division: Procurement
Employment: 12-month Fixed-Term Contract
Location: City of London
Reports to: Third Party Risk & Procurement Manager
Rothschild & Co - Procurement Department
The Group Procurement function helps the business buy goods and services successfully, ensuring qualified suppliers are selected, value for money is secured, robust contracts are agreed, and any risks are understood and mitigated.
We adhere to evolving regulatory guidance and reflect the group's desire to manage third parties in a consistent manner. The team works alongside Third-Party Relationship Sponsors to select, onboard, manage and offboard third parties.
Role Overview
Rothschild & Co seeks a dedicated and detail-oriented Third-Party Risk Management (TPRM) Analyst to join our Global Procurement team. This person will work closely with business sponsors, internal subject matter experts, and third parties. They will develop an understanding of the TPRM process and the risks that third parties could pose to the Group. The successful candidate will contribute towards Rothschild & Co's regulatory obligations regarding the use of information and communication technology (ICT) third parties. This role will have a particular focus on ensuring compliance with the EU's Digital Operational Resilience Act (DORA) regulations.
Responsibilities
  1. Conduct thorough risk assessments of ICT third parties to ensure compliance with regulatory requirements.
  2. Perform a gap analysis between our existing third-party due diligence practices and DORA requirements for all in-scope ICT vendors.
  3. Follow the existing TPRM framework and related policies, while recommending improvements.
  4. Monitor and review third-party compliance on an ongoing basis. Identify any risks or non-compliance that could potentially impact the firm.
  5. Collaborate with internal subject matter experts, including IT, Legal, and Compliance, to address third-party risks.
  6. Assist with the preparation and presentation of reports on third-party risk assessments and compliance status to senior management.
We require a French speaker as many of our third parties and colleagues are in France. Ideally, applicants will have an awareness of TPRM and the role risk management plays in an organisation. The successful applicant will be given full training in all processes involved, the opportunity to establish relationships with colleagues across the business, and the support they need to take ownership of their growth and development in the role and function.
A competitive salary ranging from £50,000 to £60,000 per annum is available for this position.

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