Third Party Risk Manager 75k in Birmingham

Third Party Risk Manager 75k in Birmingham

Birmingham Full-Time 65000 - 75000 £ / year (est.) Home office (partial)
1st Executive Ltd

At a Glance

  • Tasks: Lead a team to manage third-party risks in a dynamic banking environment.
  • Company: Join a flagship global retail banking organisation with a strong reputation.
  • Benefits: Enjoy hybrid working, competitive salary, and excellent corporate perks.
  • Other info: Applicants must have valid UK Right to Work.
  • Why this job: Make a real impact on risk management while collaborating with senior leadership.
  • Qualifications: Experience in risk management within banking or financial services is essential.

The predicted salary is between 65000 - 75000 £ per year.

Third Party Risk Manager 75k (J691627) Birmingham, England Salary: GBP65000 - GBP75000 per annum + hybrid working/excellent benefits Role: Third Party Risk Manager Salary: Up to £75K + Excellent Corporate Benefits Location: Birmingham (Hybrid working) Overview: Fantastic opportunity with a flagship global retail banking organisation to play a key role in overseeing and managing the risks associated with third-party relationships to ensure services are resilient, secure, and compliant with regulatory standards ensuring risks are managed within appetite. Responsibilities: Lead a team of risk professionals, collaborate with various departments, and serve as the primary point of contact for senior leadership on third-party risk issues. Develop, implement, and maintain a comprehensive third-party risk management framework, including policies, procedures, and tools for assessing and monitoring third-party risks. Ensure that vendors and partners adhere to the organisation’s risk management policies, regulatory requirements, and industry best practices. Assess, monitor, and mitigate risks across the vendor lifecycle, including onboarding, performance management, and termination. Experience: Deep understanding of risk management, with a focus on third-party risk management in the banking or financial services sector. Experience in financial services sector risk management methodologies and tools to identify, assess, and manage resilience risks effectively. Demonstrate understanding of third-party risk frameworks, including experience in evaluating vendor risks and controls. Knowledge of regulatory requirements and compliance standards in the banking industry relevant to third-party risk such as ISO 22301. Application Process: Third Party Risk Manager – click apply for next steps. ***All applicants must demonstrate current & valid UK Right to Work*** #J-18808-Ljbffr
1st Executive Ltd

Contact Details:

1st Executive Ltd Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Third Party Risk Manager 75k in Birmingham

Tip Number 1

Familiarise yourself with the latest regulatory requirements and compliance standards in the banking industry, especially those related to third-party risk management. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in this critical area.

Tip Number 2

Network with professionals in the financial services sector, particularly those who specialise in risk management. Attend industry events or webinars to connect with potential colleagues and learn about best practices in third-party risk management.

Tip Number 3

Prepare to discuss specific examples of how you've successfully managed third-party risks in previous roles. Highlight your experience with risk assessment tools and methodologies, as well as any frameworks you've implemented that align with the job description.

Tip Number 4

Research StudySmarter and our values to understand how we approach risk management. Tailoring your conversation during interviews to reflect our mission and how you can contribute will make a strong impression on the hiring team.

We think you need these skills to ace Third Party Risk Manager 75k in Birmingham

Risk Management
Third-Party Risk Assessment
Regulatory Compliance
Vendor Management
Financial Services Knowledge
Policy Development
Risk Mitigation Strategies

Some tips for your application 🫡

Tailor Your CV:Make sure your CV highlights relevant experience in risk management, particularly in the banking or financial services sector. Use specific examples that demonstrate your understanding of third-party risk frameworks and compliance standards.

Craft a Compelling Cover Letter:Write a cover letter that clearly outlines your motivation for applying to this role. Emphasise your leadership skills and experience in managing teams, as well as your ability to collaborate with various departments on risk issues.

Highlight Relevant Skills:In your application, focus on key skills such as risk assessment, vendor management, and regulatory compliance. Mention any specific methodologies or tools you have used in previous roles to manage third-party risks effectively.

Proofread Your Application:Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in risk management roles.

How to prepare for a job interview at 1st Executive Ltd

Understand the Role Thoroughly

Before the interview, make sure you have a solid grasp of what a Third Party Risk Manager does. Familiarise yourself with the responsibilities outlined in the job description, especially around risk management frameworks and vendor lifecycle management.

Showcase Relevant Experience

Be prepared to discuss your previous experience in risk management, particularly within the banking or financial services sector. Highlight specific examples where you've successfully managed third-party risks and how you applied relevant methodologies.

Demonstrate Knowledge of Regulatory Standards

Since compliance is crucial in this role, brush up on key regulatory requirements such as ISO 22301. Be ready to explain how you ensure adherence to these standards in your past roles and how you would implement them in this position.

Prepare Questions for the Interviewers

Interviews are a two-way street. Prepare insightful questions about the company's approach to third-party risk management, their current challenges, and how they measure success in this area. This shows your genuine interest in the role and helps you assess if it's the right fit for you.