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- 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 collaborative culture, personal development opportunities, and potential travel.
- Why this job: Make an impact by ensuring the safety of bank information and enhancing risk management processes.
- Qualifications: Experience in risk assessment or information security; relevant qualifications preferred.
- Other info: Opportunity for growth in a fast-paced environment with a focus on continuous improvement.
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:
- Support business areas across the bank by conducting assurance reviews of external third party suppliers in relation to keeping bank information safe and secure.
- 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.
- 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.
- Provide management with information and presentation on any key findings to support business owners in effectively identifying and managing risks, issues, or control gaps.
- Work with Business Owners and Suppliers located across multiple geographical regions, which may require occasional travel to conduct onsite reviews.
- Support management of the Third Party Supplier Inventory in line with any regulatory changes or jurisdictional requirements.
- Maintain our overall governance and risk position through regular monitoring and timely delivery of the assurance schedule.
- Build and maintain relationships with key policy risk domain owners, and Business Owners.
- Support a proactive risk culture and continuous improvement within TPRM Operations.
The skills 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.
- Ability to work well in a fast-paced environment and have good organisation skills to deliver to deadlines.
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 with industry experts can provide insights into best practices and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've identified and managed risks in previous roles. Highlighting your hands-on experience will showcase your ability to deliver on the responsibilities outlined in the job description.
✨Tip Number 4
Stay updated on the latest trends and challenges in third-party risk management. Being knowledgeable about current issues will allow you to engage in meaningful conversations during interviews and show that you're proactive in your professional development.
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.
Highlight Collaboration Skills: In your application, emphasise your strong collaboration and interpersonal skills. Provide examples of how you've built positive working relationships in previous roles, especially in a financial services environment.
Showcase Communication Abilities: Demonstrate your excellent written and verbal communication skills by ensuring your application is clear, concise, and free of errors. Consider including a brief example of a presentation or report you've delivered that had a significant impact.
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 key components. Be prepared to discuss how you can contribute to maintaining and enhancing this framework, as well as your understanding of legal and regulatory compliance.
✨Showcase Your Risk Assessment Experience
Highlight your previous experience in risk assessment, particularly within financial services. Be ready to provide specific examples of how you've identified and managed risks, and how your actions have led to improvements in processes or controls.
✨Demonstrate Strong Communication Skills
Since the role requires collaboration with various stakeholders, practice articulating your thoughts clearly and concisely. Prepare to discuss how you've effectively communicated findings and recommendations in past roles, especially in presentations to management.
✨Prepare for Scenario-Based Questions
Anticipate scenario-based questions that assess your problem-solving skills and ability to handle real-world challenges in TPRM. Think about situations where you've had to make tough decisions or manage conflicts, and be ready to explain your thought process.
