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- Tasks: Manage vendor relationships and ensure compliance with regulations while mitigating risks.
- Company: Join a prestigious foreign bank located in Central London, known for its excellence.
- Benefits: Enjoy a competitive salary, excellent benefits, and a dynamic office environment.
- Why this job: Be part of a team that drives operational efficiency and enhances your career in finance.
- Qualifications: Experience in vendor risk management or similar roles within regulated financial services is essential.
- Other info: This role offers the chance to work closely with legal teams and senior leadership.
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 Ltd
Contact Detail:
Additional Resources Ltd 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 a rapidly changing field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who work in vendor management or risk assessment roles. Attend industry events or join relevant online forums to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed vendor relationships or mitigated risks in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses clearly and effectively during interviews.
✨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. Explain how your previous experience aligns with the role and express your enthusiasm for working with the organisation.
Showcase Relevant Skills: In your application, emphasise your analytical, negotiation, and interpersonal skills. Provide examples of how you've successfully managed vendor relationships and ensured compliance in past roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Vendor Risk Manager.
How to prepare for a job interview at Additional Resources Ltd
✨Know Your Regulations
Familiarise yourself with the relevant regulations such as GDPR and ISO 27001. Being able to discuss these in detail will show your understanding of compliance requirements and how they relate to vendor management.
✨Demonstrate Analytical Skills
Prepare examples of how you've used analytical skills in previous roles, particularly in assessing vendor performance or risk. This will help illustrate your capability to handle the responsibilities of the Vendor Risk Manager position.
✨Showcase Negotiation Experience
Be ready to discuss your experience in negotiating contracts and managing supplier relationships. Highlight specific instances where your negotiation skills led to successful outcomes for your organisation.
✨Prepare Questions
Have insightful questions ready about the company's vendor management processes and how they align with operational resilience. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
