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For Companies At a Glance
- Tasks: Manage third party risk assessments and ensure compliance with bank policies.
- Company: Join a leading bank focused on security and regulatory compliance.
- Benefits: Enjoy a hybrid work model and opportunities for personal development.
- Why this job: Be part of a supportive culture that values collaboration and continuous improvement.
- Qualifications: Experience in risk assessment or information security is essential; relevant qualifications preferred.
- Other info: Occasional travel may be required for onsite reviews.
The predicted salary is between 43200 - 72000 £ per year.
Join us as a Third Party Risk Management (TPRM) Operations Manager. In this role, you’ll deliver TPRM risk assessment services supporting bank wide franchise and functions to meet legal and regulatory compliance in line with the External Outsourcing (EO) framework. We’ll look to you to manage and deliver a portfolio of external third party assurance reviews, ensuring robust assessment of policy and controls to identify, articulate and escalate risks in collaboration with internal business and risk standard owners. You can expect to enjoy a collaborative and supportive culture, with a big focus on personal and professional development.
What you'll do:
- As a TPRM Operations Manager, you’ll support business areas across the bank by conducting assurance reviews of external third party suppliers in relation to keeping bank information safe and secure.
- You'll ensure the resilience of the services that customers and colleagues rely on, and ensure that all externally sourced suppliers operate in a fully compliant and sustainable manner aligned with bank policy, as well as legal and regulatory requirements.
- You’ll work closely with TPRM Business Owners to ensure that the TPRM framework remains effective and robust by leveraging personal knowledge, experience, and expertise to drive potential design and delivery enhancements across the TPRM processes.
- Delivery of an annual risk-based assurance programme, to confirm that key policies and controls have been effectively implemented by Third-Party suppliers.
- Providing management with information and presentation on any key findings to support business owners in effectively identifying and managing risks, issues, or control gaps.
- Working with Business Owners and Suppliers located across multiple geographical regions, which may require occasional travel to conduct onsite reviews.
- Supporting management of the Third Party Supplier Inventory in line with any regulatory changes or jurisdictional requirements.
- Maintaining our overall governance and risk position through regular monitoring and timely delivery of the assurance schedule.
- Building and maintenance of relationships with key policy risk domain owners, and Business Owners.
- Supporting a proactive risk culture and continuous improvement within TPRM Operations.
The skills you’ll need:
- To thrive in this role, you’ll need experience of working within a risk assessment team, information security, a technical audit function, or risk and control, applying operational risk within a financial services environment.
- Ideally you should have experience in SOC or SOX reporting and hold or be working towards a qualification such as CISSP, CCSP, CISA, Comp TIA Security+, ISO-27001 Lead Auditor or MBCI.
- Strong collaboration and interpersonal skills with the ability to build positive working relationships at all levels.
- Excellent written, verbal communication and presentational skills.
- Project management skills and disciplines to manage multiple concurrent workstreams.
- Experience of identifying and implementing improvement opportunities.
- To work well in a fast-paced environment and have good organisation skills to deliver to deadlines.
Hours: 35
Ways of Working: Hybrid
Third Party Risk Management Operations Manager employer: NatWest Group
Contact Detail:
NatWest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Management Operations Manager
✨Tip Number 1
Familiarise yourself with the External Outsourcing (EO) framework and relevant regulations. Understanding these guidelines will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the risk management field, especially those who have experience in third-party risk assessments. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and challenges in information security and operational risk within financial services. This knowledge will help you articulate your understanding of the industry during discussions with potential employers.
✨Tip Number 4
Prepare to discuss specific examples from your past experiences where you've successfully managed risks or improved processes. Being able to share concrete instances will showcase your skills and fit for the TPRM Operations Manager role.
We think you need these skills to ace Third Party Risk Management Operations Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk assessment, information security, and project management. Use keywords from the job description to demonstrate that you meet the specific requirements for the TPRM Operations Manager role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Third Party Risk Management and your ability to deliver assurance reviews. Mention any relevant qualifications like CISSP or CISA, and explain how your skills align with the company's needs.
Showcase Your Communication Skills: Since excellent written and verbal communication is crucial for this role, ensure your application materials are clear, concise, and free of errors. Consider including examples of past presentations or reports you've created.
Highlight Collaborative Experience: Emphasise your ability to build relationships and work collaboratively with various stakeholders. Provide examples of how you've successfully managed projects or worked with teams across different geographical regions.
How to prepare for a job interview at NatWest Group
✨Understand the TPRM Framework
Familiarise yourself with the Third Party Risk Management framework and its importance in ensuring compliance. Be prepared to discuss how you can contribute to maintaining and enhancing this framework based on your previous experiences.
✨Showcase Your Risk Assessment Experience
Highlight your experience in risk assessment, particularly within financial services. Be ready to provide specific examples of how you've identified and managed risks in past roles, especially in relation to third-party suppliers.
✨Demonstrate Strong Communication Skills
Since the role requires collaboration with various stakeholders, practice articulating your thoughts clearly. Prepare to discuss how you've effectively communicated findings and recommendations in previous positions, using both written and verbal methods.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and ability to handle real-world challenges in TPRM. Think of situations where you've had to make tough decisions or implement improvements, and be ready to explain your thought process.
