Third Party Risk Manager

6 days ago

City Of London England, United Kingdom Oliver James Full time £720,000 - £1,380,000 per year

Third-Party Risk Manager - Global Lloyd's Market Insurer

Location:
London (Hybrid - 3 days office)

Salary:
£90,000 - £115,000 + bonus + benefits

We are working on behalf of a
global Lloyd's of London market insurer
seeking an experienced
Third-Party Risk Manager
to join their London team.

This is an excellent opportunity to play a key role in the development and implementation of a
global Third-Party Risk Management (TPRM)
framework, as the business delivers a major transformation to strengthen its oversight of critical suppliers, outsourcing arrangements and associated regulatory obligations across multiple jurisdictions.

Reporting into the Global Head of Third-Party Risk Management, you will work closely with colleagues across Procurement, Risk, Compliance, Legal, Information Security, and Technology to embed consistent, risk-based standards, frameworks, and systems across the organisation.

Key Responsibilities

  • Support the design and implementation of global third-party risk policies, frameworks and governance aligned to regulatory requirements including PRA SS2/21, DORA, GDPR and CSDDD.
  • Contribute to the rollout of a new global TPRM technology platform, ensuring requirements are captured, tested, and successfully embedded across regions.
  • Collaborate with global and regional stakeholders to operationalise the new Target Operating Model (TOM) for third-party risk management.
  • Partner with external service providers delivering TPRM operations to ensure alignment with group standards.
  • Track emerging regulatory and operational risks, support ongoing monitoring, and deliver regular reporting to senior management and committees.
  • Act as a subject matter expert and key point of contact for third-party risk across the business.

Experience Required

  • Proven experience in
    Third-Party Risk Management, Outsourcing Risk, Operational Risk, or Supplier Governance
    within a regulated financial services or insurance environment.
  • Strong understanding of regulatory requirements such as
    PRA SS2/21, DORA, GDPR
    and related outsourcing standards.
  • Experience supporting the implementation of TPRM frameworks, governance structures or technology platforms (e.g. ProcessUnity, Archer, Coupa, MetricStream).
  • Excellent stakeholder management skills, with the ability to engage across global functions and drive change initiatives.
  • Prior experience within the insurance or Lloyd's market is strongly preferred.

Why Apply

This is a genuinely strategic role within a high-performing global insurer that is investing heavily in its third-party risk capability. You'll join at an exciting stage of transformation, with the opportunity to shape and embed new frameworks that will define best practice across the organisation globally.

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