Business Analyst - TPRM

Albany Beck is a leading consultancy specialising in Change, Transformation and Technology within Financial Services. We partner with some of the world's most recognised financial institutions, deploying high-performing consultants onto strategic programmes and large-scale transformation initiatives.

We are currently seeking an experienced Business Analyst to join a major Third Party Risk Management (TPRM) transformation programme. This is an opportunity to play a key role in shaping and delivering operating model improvements across a complex, highly regulated environment.

Working as an Albany Beck consultant, you will collaborate with senior stakeholders across risk, procurement, operations, technology and business functions to define future-state processes, governance structures and control frameworks that strengthen how third-party and supplier risk is managed across the organisation.

Key Responsibilities

• Lead business analysis activities across a large-scale Third Party Risk Management transformation programme.
• Develop and document future-state operating models, ensuring alignment to strategic objectives and regulatory expectations.
• Analyse and redesign end-to-end business processes, identifying opportunities to improve efficiency, governance and risk management.
• Produce detailed process maps, workflows and operating procedures covering both standard and exception scenarios.
• Define roles, responsibilities and accountability models, including the creation of RACI frameworks.
• Work closely with business and technology teams to translate operating model designs into clear business and functional requirements.
• Support the development of workflow tooling, reporting capabilities and management information requirements.
• Facilitate workshops with senior stakeholders to gather requirements, challenge existing processes and achieve consensus on future-state solutions.
• Conduct comprehensive change impact assessments across people, process and technology, identifying impacts, dependencies and implementation considerations.
• Establish and document governance structures, control frameworks and decision-making processes.
• Produce high-quality programme artefacts, including requirements documentation, process designs, decision logs, traceability matrices and governance papers.
• Partner with project managers, PMO teams and implementation teams to ensure successful delivery of agreed outcomes.
• Support Design Authority and governance forums through the preparation of documentation, recommendations and stakeholder presentations.

Required Experience

• Extensive Business Analysis experience within Financial Services, Banking, Insurance or a similarly regulated environment.
• Strong experience working on Third Party Risk Management (TPRM), Supplier Risk, Vendor Risk, Procurement Transformation or Operational Risk initiatives.
• Proven track record designing or enhancing Target Operating Models (TOMs) and business processes.
• Experience producing process maps, workflow documentation and operating model artefacts using tools such as Visio, BPMN or equivalent.
• Strong understanding of governance frameworks, controls, risk management and regulatory-driven change.
• Demonstrable experience conducting change impact assessments across people, process and technology.
• Excellent stakeholder management skills with the ability to engage and influence senior business and technology leaders.
• Experience facilitating workshops, gathering requirements and driving consensus across multiple stakeholder groups.
• Strong documentation skills and the ability to produce high-quality analysis deliverables suitable for executive and governance audiences.
• Experience working within Third Party Risk Management platforms or workflow solutions.
• Knowledge of supplier lifecycle management, outsourcing governance or procurement processes.
• Familiarity with management information, reporting and data requirements within risk functions.
• Exposure to large-scale transformation programmes within global financial institutions.