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- Tasks: Support and enhance third party risk management frameworks and collaborate with stakeholders.
- Company: Join a leading financial services organisation known for its excellence and innovation.
- Benefits: Enjoy a hybrid work model with flexibility and a competitive salary.
- Why this job: Make an impact in risk management while working in a dynamic, supportive environment.
- Qualifications: Experience in third party risk management and strong understanding of regulatory expectations required.
- Other info: This is a 13-month fixed-term contract based in the vibrant City of London.
The predicted salary is between 48000 - 72000 £ per year.
Location: City of London (Hybrid – 3 Days in Office)
Contract: 13-Month Fixed-Term Contract
Industry: Financial Services
About the Role: One of the world’s most renowned financial services organisations is seeking a Third Party Risk Specialist to join its team on a 13-month fixed-term contract. Based in the City of London, this hybrid role (3 days in office) offers the opportunity to support and enhance the firm’s existing third party risk management (TPRM) framework and standards.
Key Responsibilities:
- Maintain and enhance the organisation’s third party risk management framework, policies, and standards.
- Collaborate with internal stakeholders to ensure effective implementation and operation of third party risk controls.
- Support assurance activities and drive continuous improvement within the TPRM program.
- Monitor and incorporate regulatory developments, including PRA and FCA requirements, into the framework and practices.
- Ensure alignment with industry best practices and internal risk appetite.
Requirements:
- Proven experience in third party risk management within financial services.
- Strong understanding of PRA and FCA regulatory expectations related to outsourcing, operational resilience, and third party risk.
- Familiarity with risk governance, controls, and compliance frameworks.
- Excellent communication and stakeholder engagement skills.
- Detail-oriented with a proactive and collaborative approach.
Third Party Risk Specialist employer: Investigo
Contact Detail:
Investigo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Specialist
✨Tip Number 1
Network with professionals in the financial services sector, especially those who work in risk management. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends in third party risk management.
✨Tip Number 2
Familiarise yourself with the latest PRA and FCA regulations related to third party risk. Being well-versed in these requirements will not only boost your confidence but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed third party risks in previous roles. Highlight your proactive approach and any improvements you implemented that align with best practices in the industry.
✨Tip Number 4
Showcase your communication skills by engaging with stakeholders in your current or past roles. Be ready to explain how you’ve collaborated with different teams to enhance risk management frameworks, as this is crucial for the role.
We think you need these skills to ace Third Party Risk Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Third Party Risk Specialist. Familiarise yourself with the key aspects of third party risk management and the specific requirements mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in third party risk management within financial services. Emphasise your understanding of PRA and FCA regulatory expectations, as well as any familiarity with risk governance and compliance frameworks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and stakeholder engagement abilities. Use specific examples from your past experiences to demonstrate how you can contribute to enhancing the organisation’s TPRM framework.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role focused on risk management.
How to prepare for a job interview at Investigo
✨Know Your Regulations
Familiarise yourself with the PRA and FCA regulatory expectations related to third party risk management. Be prepared to discuss how these regulations impact the role and how you can ensure compliance within the organisation.
✨Showcase Your Experience
Highlight your proven experience in third party risk management, particularly within financial services. Use specific examples from your past roles to demonstrate your understanding of risk governance and controls.
✨Engage Stakeholders
Prepare to discuss how you would collaborate with internal stakeholders to implement and operate third party risk controls effectively. Think of examples where you've successfully engaged stakeholders in previous roles.
✨Detail Orientation is Key
Emphasise your detail-oriented approach during the interview. Be ready to explain how your proactive and collaborative mindset has led to continuous improvement in past projects, especially in relation to TPRM frameworks.
