Senior Third Party Risk Manager

This is a fantastic opportunity for you to join the Line 1 Risk & Control team in the Customer & Conduct Department and establish a career in Risk. Customer & Conduct are a first line team that sit across EUI Ltd. The Risk Team are focused on supporting risk management processes and promoting consistency in risk management and Group Standards.

We are looking for a Senior Third Party Risk Manager to lead and shape a Third Party Risk Framework in the business, whilst working very closely with specific departments in the business to support their third party/supplier risk management.

Job Purpose

The overall objective for the role is to oversee, develop and maintain the Third Party risk governance framework in Line 1. You will partner closely with the relevant supplier relationships departments and other Risk Teams, proactively supporting them in managing their risk and governance responsibilities. Effective, structured management of risk and governance will be a key factor in the role. Your role will be to drive the maturity of the Third Party risk framework across EUI, embedding policy, supporting risk assessment, overseeing assurance activity and reporting on third party risk exposure to SMFs and relevant committees.

Main Duties

• Lead a team who will work in partnership with the relevant supplier/risk departments to drive and embed first line risk activity from a centralised team, through risk management support and governance.
• Build and maintain relationships with all relevant SMFs, supplier relationship teams and supplier risk teams.
• Take ownership of the Third party risk governance framework in EUI, including policies and controls for managing third party risk.
• Drive the development and maturity of Risk Registers and supporting reviews, ensuring all risks and controls are identified, consistently assessed, and have effective ownership.
• Deliver a framework to ensure the continuous review and monitoring of Third Party Risk exposure, ensuring appropriate controls are in place.
• Oversee the governance and reporting on Third Party risk, reporting on the status of key third party risk management artefacts and activities to relevant SMFs/risk committees.
• Lead and develop your team of Third Party risk experts setting out the capability for the future.

Key Skills, Experience And Qualifications

• Experience of the external risk environment and issues that can impact us would be an advantage, as would knowledge of the general insurance market and current regulatory landscape.
• Prior experience of third party risk frameworks and regulation.
• Prior experience of managing risks, controls and governance processes.
• Proven ability to interrogate/analyse MI.
• Knowledge of the general insurance market and current regulatory landscape.
• Determination, resilience and focus to achieve results without distraction or setback.
• Proven leadership experience and developing high performing teams.
• Working knowledge of the SMCR and Operational Resilience regimes.
• Proven experience in leading risk transformation activity and improving risk culture in large organisations.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we’ve been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.