Third Party Risk Steward

-Job description

Some careers open more doors than others

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a role that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

Our Risk and Compliance function has a critical role to play in supporting, challenging, and advising across all areas of the business through establishing policy, monitoring profiles, and identifying and managing forward-looking risk and compliance. We focus on creating an environment that encourages our people to speak up and do the right thing, as well as protecting our customers, the organization, and the integrity of the financial markets in which we operate. Already an industry-leader in many respects, we want to continue setting standards and evolving to respond to strategic changes.

We are currently seeking an experienced individual to join this Global Enterprise Risk Management (ERM) team in the role of Third Party Risk Steward. As the Third Party Risk Steward, you will be responsible for overseeing and managing the risks associated with third-party relationships, ensuring that vendors and partners adhere to the organization’s risk management policies, regulatory requirements, and industry best practices. This will involve assessing, monitoring, and mitigating risks across the vendor lifecycle, including onboarding, performance management, and termination.

In this role, you will:

- Develop, implement, and maintain a comprehensive third-party risk management framework, including policies, procedures, and tools for assessing and monitoring third-party risks.
- Ensure the framework is aligned with regulatory requirements, industry standards, and the organization’s risk appetite.
- Oversee and provide due diligence on third parties during the onboarding process, including background checks, financial stability assessments, and cybersecurity evaluations.
- Monitor key risk indicators (KRIs) and performance metrics to continuously monitor third-party risks and ensure vendors comply with contractual obligations.
- Develop and deliver regular reports on third-party risk exposure, issues, and remediation efforts to senior leadership and the board.
Requirements

To be successful in this role you should meet the following requirements:

- In-depth knowledge of third-party risk management practices, regulatory requirements, and industry standards.
- Proven track record in developing and implementing third-party risk management programs.
- Strong understanding of vendor lifecycle management and risk assessment techniques.
- Excellent leadership, team management, and project management skills.
- Strong analytical, problem-solving, and decision-making abilities and exceptional communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
- Proficiency in risk management software and vendor management tools.

The base location for this role is Birmingham/Sheffield/Edinburgh and with a hybrid working pattern.

You’ll achieve more when you join HSBC.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

Telephone: +44 207 832 8500.