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- Tasks: Manage vendor relationships and ensure compliance with regulations while driving operational efficiency.
- Company: Join a prestigious foreign bank located in the vibrant heart of Central London.
- Benefits: Enjoy a competitive salary, excellent benefits, and an office-based role in a dynamic environment.
- Why this job: This role offers a chance to enhance your career while making a real impact on vendor governance.
- Qualifications: Experience in vendor risk management or similar roles within regulated financial services is essential.
- Other info: Be part of a supportive team and develop your skills in a fast-paced banking environment.
The predicted salary is between 43200 - 72000 £ per year.
An exciting opportunity has arisen for a Vendor Risk Manager to join a prestigious foreign bank based in the heart of Central London. This is an office-based role offering a competitive salary and excellent benefits. As a Vendor Risk Manager, you will report to the Operational Resilience and Business Continuity Manager. You’ll be responsible for overseeing all third-party and supplier relationships, ensuring compliance with regulatory requirements, alignment with internal policies, and delivery of optimal value to the organisation.
You will be responsible for:
- Manage the assessment, selection, and onboarding process for third-party vendors and service providers.
- Carry out ongoing risk assessments and due diligence to mitigate risks across operational, financial, cybersecurity, and reputational areas.
- Ensure vendor compliance with relevant regulations and internal policies, including GDPR (UK DPA 2018) and ISO 27001 standards.
- Develop and track KPIs to monitor vendor performance and adherence to agreed service levels.
- Work closely with Legal and internal teams to negotiate and manage contracts, ensuring clear deliverables, timelines, and compliance expectations.
- Act as the main liaison between the organisation and its external suppliers.
- Maintain accurate and up-to-date records of vendor performance, risk evaluations, and compliance status.
- Deliver regular reports and analysis to senior leadership on supplier performance and associated risks.
- Drive continuous improvements in vendor governance processes to enhance oversight and operational efficiency.
What we are looking for:
- Previous experience as a Vendor Risk Manager, Third-Party Risk Manager, Supplier Relationship Manager, Vendor Manager, Procurement Manager, Supplier Risk Manager, Outsourcing Risk Manager or in a similar role within a regulated financial services environment.
- Knowledge of third-party risk management, regulatory compliance, and operational resilience frameworks.
- Familiarity with FCA and PRA requirements and best practices in vendor governance.
- Skilled in vendor management systems (VMS) and contract management tools.
- Strong analytical, negotiation, and interpersonal skills.
Apply now for this exceptional opportunity to work with a dynamic team and further enhance your career.
Vendor Risk Manager employer: Additional Resources
Contact Detail:
Additional Resources Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Risk Manager
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards relevant to vendor risk management, such as GDPR and ISO 27001. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in vendor management. Attend industry events or join online forums to connect with others who can provide insights and potentially refer you to opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed vendor relationships and mitigated risks in previous roles. Highlighting your practical experience will set you apart from other candidates.
✨Tip Number 4
Research the company’s current vendor management practices and any recent news related to their operations. This will allow you to tailor your discussions during interviews and show that you are genuinely interested in contributing to their success.
We think you need these skills to ace Vendor Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in vendor risk management or similar roles. Use keywords from the job description, such as 'third-party risk management' and 'regulatory compliance', to demonstrate your fit for the position.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the responsibilities and requirements outlined in the job description. Share examples of how you've successfully managed vendor relationships and mitigated risks in previous roles.
Showcase Relevant Skills: In your application, emphasise your analytical, negotiation, and interpersonal skills. Provide concrete examples of how these skills have contributed to successful vendor management and compliance in your past experiences.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role focused on compliance and risk management.
How to prepare for a job interview at Additional Resources
✨Know Your Regulations
Familiarise yourself with the relevant regulations such as GDPR and ISO 27001. Being able to discuss these frameworks confidently will demonstrate your expertise and understanding of compliance requirements.
✨Showcase Your Analytical Skills
Prepare examples of how you've conducted risk assessments and due diligence in previous roles. Highlight specific instances where your analytical skills helped mitigate risks or improve vendor performance.
✨Demonstrate Negotiation Prowess
Be ready to discuss your experience in negotiating contracts with vendors. Share successful strategies you've used to ensure clear deliverables and compliance expectations, showcasing your interpersonal skills.
✨Prepare for Scenario Questions
Anticipate scenario-based questions related to vendor management and risk assessment. Think through how you would handle various situations, as this will show your problem-solving abilities and readiness for the role.
