Vendor Management Risk Officer

Company | Banking Role | Vendor Management Risk Officer Based | London (West End) Offer | £40,000 – £50,000 + Excellent Corporate Benefits Office Based 2 days a month from home Vendor Management Risk Officer Job Summary An exciting opportunity has arisen for a Vendor Risk Officer to join a prestigious foreign bank based in the heart of Central London. As a Vendor Management Risk Officer, you will report directly to the Operational Resilience & Business Continuity Manager. This vital role will see you managing all aspects of third-party and supplier relationships, ensuring that vendor engagements meet regulatory standards, align with internal policies, and deliver maximum value to the organisation. Key Responsibilities: Oversee the evaluation, selection, and onboarding of third-party vendors & service providers. Conduct regular risk assessments and due diligence to identify and mitigate vendor-related risks (including operational, financial, cybersecurity, and reputational risks). Ensure all suppliers comply with applicable laws, regulations, and internal policies, including GDPR (UK DPA 2018) and ISO 27001. Develop and monitor KPIs to track vendor performance. Collaborate with Legal and other internal stakeholders to manage contracts and service agreements, ensuring clarity on deliverables, timelines, and compliance. Serve as the primary point of contact. Maintain detailed records of vendor performance, risk assessments, and compliance metrics. Provide regular reports and insights to senior management on third-party performance & risk. Identify and implement process improvements to strengthen vendor governance & efficiency. Key Experience: Previous experience as a Vendor Risk Officer, Third-Party Risk Officer, Supplier Relationship Officer, or in a similar role within a regulated financial services environment. Strong understanding of third-party risk management, regulatory compliance, and operational resilience frameworks. Familiarity with FCA and PRA requirements and best practices in vendor governance. Proficiency in vendor management systems (VMS) and contract management tools. Excellent analytical, negotiation, and interpersonal skills. Ability to work independently and collaboratively across cross-functional teams.