Job Description This is a Third-Party Risk Management role that primarily focuses on reporting to the Head of Third-Party Management. The responsibilities encompass implementing governance frameworks, supporting operational models, and enhancing risk management processes. Key Responsibilities Operational Model Implementation: Support the rollout of a new operational model and outsourcing strategies across the organization. Map client services and processes to operational teams while identifying gaps in existing outsourcing arrangements. Reporting and Dashboards: Assist in designing and implementing reporting dashboards for the new operational model. Develop and produce Key Performance Indicator (KPI) reports related to outsourcing. Policy Review and Compliance: Review the Third Party Risk Management (TPRM) policy and update it to ensure compliance with regulatory requirements. Align policies with new operational and risk management processes. Governance Framework Enhancements: Design and implement improvements to the TPRM governance framework, including business continuity plans, disaster recovery plans, exit strategies, and concentration risk reviews. Committee Reporting: Prepare reports for Committees and Boards as required. Onboarding New Arrangements: Assist in onboarding new outsourcing arrangements by performing due diligence, conducting risk assessments, and managing necessary approvals. Document outsourcing arrangements through written contracts. Ongoing Governance Maintenance: Implement and maintain the group's TPRM governance framework across all third-party engagements. Ensure compliance with governance standards and conduct ongoing reviews to identify, control, and report key risks associated with third-party management. Skills and Qualifications Strong understanding of third-party risk management frameworks. Experience in operational model implementation and governance structures. Ability to analyze processes and develop reporting tools. Knowledge of regulatory compliance related to third-party engagements. Excellent communication skills for preparing reports for senior management. This role is crucial for ensuring that third-party engagements are managed effectively, minimizing risks while aligning with organizational objectives. The focus on continuous improvement in governance frameworks reflects the increasing importance of robust risk management in today's interconnected business environment.
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