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.