Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead third-party risk management and enhance vendor processes in a dynamic investment banking environment.
- Company: Join Santander Corporate & Investment Banking, a leader in global financial services.
- Benefits: Competitive salary, generous holiday, pension contributions, and tailored benefits package.
- Why this job: Make a real impact on risk management while developing your career in a supportive culture.
- Qualifications: Experience in TPRM within investment banking and strong communication skills required.
- Other info: Hybrid working model with a focus on diversity and inclusion.
The predicted salary is between 72000 - 108000 £ per year.
Country: United Kingdom
Join our community. Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.
The Third-Party Management (TPRM) function comprises of the TPRM & Outsourcing Governance function, and the Vendor Management functions. Both are responsible for ensuring the implementation of an effective end to end Third Party Management Model to support the engagement of Third Parties and Outsourced service providers in line with Corporate Framework and UK regulatory expectations.
In this challenging role, you’ll support the Head of TPRM in executing the risk management framework, and lead on the management and reporting of the due diligence activities covering the 3rd party lifecycle line within the wider Target Operating Model.
The difference you’ll make:
- Managing the review and enhancement of the TPRM program to meet the UK Operational Resilience requirement and EU DORA act
- Leading benchmark review and implementation of actions to enhance the TPRM program
- Collaborating with Global colleagues to optimise vendor risk management processes
- Mentoring and supporting a cross functional team
- Designing and developing Outsourcing metrics and reporting
- Assisting in the maintenance of Outsourcing Registers and Third-Party Inventories
- Leading the monitoring and reporting of related service performance metrics to relevant forums
- Managing vendor-related issues and escalations to resolution
- Developing and validating Exit Strategies for Material services
What you’ll bring:
These are the essential requirements you need to be successful in this role:
- Previous experience of working in a TPRM role within an Investment Banking environment
- In-depth understanding of UK regulatory and EBA Outsourcing requirements for Third Parties, specifically as relates to vendor onboarding, contracting and sourcing activities
- Experience of performing comprehensive risk assessments and due diligence for third-party relationships and outsourcing activities
- Track record of developing regular outsourcing risk reporting and MI including self-identified issues, KRIs and incident reporting
- Well-developed communication and interpersonal skills; the ability to communicate and help non-experts understand applicable requirements
It would also be nice for you to have:
- Previous experience in a procurement or vendor management role
- Experience of building third-party risk management programs in compliance with regulatory frameworks in the EU and/or UK
- Educated to Degree level or equivalent in a relevant subject such as Third Party Risk Management, Outsourcing, Procurement
What else you need to know:
This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston. We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 3 days a week (pro-rata for part-time roles).
Inclusion: At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
How we’ll reward you: As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.
- Eligible for a discretionary performance-related annual bonus.
- We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
- 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
- Company funded individual private medical insurance.
- Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
- Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
- Share in Santander’s success by saving or investing in our share plans.
If this sounds like a role you’re interested in, then please apply.
VP – Third Party Risk Management and Outsourcing | SCIB employer: Banco Santander SA
Contact Detail:
Banco Santander SA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP – Third Party Risk Management and Outsourcing | SCIB
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Santander or in similar roles. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Understand their approach to Third Party Risk Management and be ready to discuss how your experience aligns with their needs. We want you to shine!
✨Tip Number 3
Practice your pitch! Be clear about your past experiences and how they relate to the role. Highlight your achievements in TPRM and vendor management, and don’t forget to show your enthusiasm for the position.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our community at Santander. Let’s get you that interview!
We think you need these skills to ace VP – Third Party Risk Management and Outsourcing | SCIB
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of VP – Third Party Risk Management and Outsourcing. Highlight your relevant experience in TPRM and any specific achievements that align with the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for this role. Use it to showcase your understanding of UK regulatory requirements and how your past experiences have prepared you for this position.
Showcase Your Communication Skills: Since communication is key in this role, make sure your application reflects your ability to convey complex information clearly. Use straightforward language and structure your thoughts logically.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Banco Santander SA
✨Know Your TPRM Inside Out
Make sure you have a solid grasp of Third Party Risk Management principles, especially in the context of investment banking. Brush up on UK regulatory requirements and be ready to discuss how you've applied these in your previous roles.
✨Showcase Your Communication Skills
Since this role involves mentoring and collaborating with cross-functional teams, prepare examples that highlight your ability to communicate complex concepts clearly. Think of times when you helped non-experts understand risk management processes.
✨Prepare for Scenario-Based Questions
Expect questions that ask how you would handle specific vendor-related issues or escalations. Prepare by thinking through potential scenarios and your approach to resolving them, demonstrating your problem-solving skills.
✨Highlight Your Metrics and Reporting Experience
Be ready to discuss your experience with developing outsourcing metrics and reporting. Bring examples of how you've tracked service performance and communicated findings to relevant forums, showcasing your analytical skills.
