Third Party Risk Manager
2 weeks ago
Third Party Risk Manager
Salary : Up to £50,000
Location : Mainly remote with occasional travel to the Birmingham office (once a month)
Our client is seeking an experienced Third Party Risk Manager to play a pivotal role in managing and collaborating with external vendors. The successful candidate will be responsible for developing a robust third-party management framework that ensures all vendors are effectively risk-managed throughout their lifecycle.
Key Responsibilities:
- Develop and maintain a comprehensive Third-Party Management Programme that identifies risks and implements mitigation strategies to reduce operational disruptions.
- Establish a central repository for evaluating third-party vendors and monitor their performance.
- Collaborate with various departments (e.g., Information Security, Legal, HR) to ensure third-party risks are addressed across the organisation.
- Categorise suppliers by risk profile and ensure timely control checks and compliance reporting.
- Support the business in onboarding third parties based on risk and maintain the Supplier Management Standard to reflect emerging risks.
- Oversee the execution of control checks to ensure supplier compliance with standards like ISO 27001 .
- Investigate adverse media events related to third parties and report findings in line with internal procedures.
- Collaborate with stakeholders to manage remediation plans and risk mitigation strategies where necessary.
What You'll Bring:
- Expertise in third-party security practices and continuous improvement.
- Strong experience in procurement, supplier lifecycle management, and supply chain risk management.
- Knowledge of Information Security practices (ISO 27001, NIST, Cyber Essentials).
- Familiarity with GDPR and data protection principles.
- Excellent communication and influencing skills, with the ability to work cross-functionally and drive change.
- Experience in risk management , policy creation, and contract review.
- Ability to work strategically while addressing stakeholder needs and ensuring third-party risks are effectively managed.
This is a hybrid role, providing flexibility with remote working and a monthly office presence in Birmingham. Join a dynamic environment where you can make a significant impact on the organisation's third-party risk management framework.
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