At a Glance
- 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 the chance to work in a dynamic environment.
- Other info: This is an office-based position with a focus on operational resilience and business continuity.
- Why this job: This role offers growth opportunities, impactful work, and a chance to enhance your career.
- Qualifications: Experience in vendor risk management or similar roles within regulated financial services is essential.
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.
Important Information: We endeavour to process your personal data in a fair and transparent manner.
In applying for this role, Additional Resources will be acting in your best interest and may contact you in relation to the role, either by email, phone or text message.
For more information see our Privacy Policy on our website.
It is important you are aware of your individual rights and the provisions the company has put in place to protect your data.
If you would like further information on the policy or GDPR please contact us.
Additional Resources are an Employment Business and an Employment Agency as defined within The Conduct of Employment Agencies & Employment Businesses Regulations 2003.
More Jobs from Additional Resources Ltd.
#J-18808-LjbffrVendor Risk Manager in London employer: Additional Resources Ltd
Join a prestigious foreign bank in the heart of Central London, where you will thrive in a dynamic work culture that values compliance, operational resilience, and continuous improvement. As a Vendor Risk Manager, you will benefit from competitive salaries, excellent benefits, and ample opportunities for professional growth while working alongside a talented team dedicated to delivering optimal value and maintaining high standards of vendor governance.
StudySmarter Expert Advice🤫
We think this is how you could land Vendor Risk Manager in London
✨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 boost your confidence but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who have experience in vendor risk management. Attend industry events or join online forums to connect with potential colleagues and learn about best practices in vendor governance.
✨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 make you stand out during interviews.
✨Tip Number 4
Research the company’s current vendor management processes and any recent news related to their operations. This will allow you to tailor your discussions and show that you are genuinely interested in contributing to their success.
We think you need these skills to ace Vendor Risk Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in vendor risk management and compliance. Use keywords from the job description, such as 'third-party risk management' and 'regulatory compliance', to demonstrate your fit for the role.
Craft a Compelling Cover Letter:Write a cover letter that specifically addresses the responsibilities and requirements listed in the job description. Share examples of how you've successfully managed vendor relationships and mitigated risks in previous roles.
Showcase Relevant Skills:Emphasise your analytical, negotiation, and interpersonal skills in your application. Provide concrete examples of how these skills have contributed to successful vendor management and compliance in your past positions.
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 role.
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 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 Experience
Be ready to discuss your experience in negotiating contracts with vendors. Share successful strategies you've used to ensure clear deliverables and compliance expectations, as this is crucial for the role.
✨Prepare Questions for Them
Think of insightful questions to ask about their vendor management processes and how they measure success. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
