At a Glance
- Tasks: Support third-party risk management and ensure compliance with regulatory expectations.
- Company: Leading financial institution focused on operational resilience and risk management.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Great opportunity for career growth in the financial services sector.
- Why this job: Join a team that drives innovation in risk management and makes a real impact.
- Qualifications: Degree in Business, Finance, or Risk Management; experience in Third Party Risk Management preferred.
The predicted salary is between 60000 - 80000 £ per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. Operations Business Risk and Controls (OBRC) is part of the department. It is responsible for managing third-party risk, strengthening operational resilience, and maintaining a robust risk and control framework across the business.
As an Assistant Vice President – Third Party Risk Management, you will support the end‐to‐end Third‐Party Risk Management (TPRM) framework, ensuring that all external vendors, service providers, and outsourcing arrangements meet the Bank's risk, compliance, and regulatory expectations. This is a full time permanent position.
Key responsibilities:- Drive inherent and residual risk assessments spanning operational, information security, data privacy, financial, and resilience domains, while reviewing and monitoring Third Party Risk Management risk appetite.
- Coordinate and challenge due‐diligence outputs, ensuring alignment with SS1/21 expectations for outsourcing and third‐party arrangements.
- Review contractual clauses to ensure compliance with SYSC 8 outsourcing requirements, including exit strategies, audit rights, and data‐handling provisions.
- Oversee periodic reviews, performance monitoring, and trigger‐based reassessments, ensuring alignment with Operational Resilience requirements.
- Track and elevate vendor‐related issues and incidents, ensuring remediation plans meet regulatory and internal standards.
- Ensure third‐party arrangements comply with SS1/21 (outsourcing and third‐party risk), SYSC 8 (outsourcing), and ICT risk and operational resilience.
- Provide expert guidance to business units on third‐party risks, regulatory expectations, and control requirements.
- Prepare MI, dashboards, and governance materials for senior management, risk committees, and regulatory reviews.
- Support continuous improvement of TPRM framework, processes, methodologies, and tooling.
- Ensure third‐party dependencies are integrated into impact tolerances, mapping, scenario testing, and resilience‐aligned planning.
- Coordinate cross‐team and departmental activities, supporting new projects and initiatives.
- Contribute to system testing and implementation, including preparing business requirements or enhancements.
- Degree educated in Business, Finance, Risk Management or relevant subjects.
- Professional certifications such as CRVPM, CISM, CISSP, IRM are beneficial but not mandatory.
- Solid experience in Third Party Risk Management within the Financial Services industry, ideally Banking sector.
- Solid understanding of UK SS1/21, SYSC 8, and DORA would be highly beneficial.
- Extensive working knowledge of 1LoD operational risk practices.
- Solid understanding of third‐party risk, operational risk, outsourcing regulations, and supplier governance.
- Excellent communication and stakeholder management skills.
- Excellent analytical and problem‐solving skills.
- Proficient in MS Office (Word, Excel, PowerPoint, Visio).
Assistant Vice President - Third Party Risk Management in London employer: Bank of China
As an Assistant Vice President in Third Party Risk Management, you will thrive in a dynamic and supportive work environment that prioritises employee growth and development. Our Operations Services department fosters a culture of collaboration and innovation, offering comprehensive training and career advancement opportunities while ensuring compliance with regulatory standards. Located in a vibrant area, we provide a competitive benefits package and a commitment to operational resilience, making us an exceptional employer for those seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Third Party Risk Management in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to Third Party Risk Management and think about how your skills align with their needs. We want you to shine!
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to get comfortable with common questions. The more you practice, the more confident you'll feel when it’s time to impress the hiring team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Assistant Vice President - Third Party Risk Management in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Assistant Vice President role. Highlight your experience in Third Party Risk Management and any relevant certifications to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about Third Party Risk Management and how your background makes you a perfect fit for our team at StudySmarter.
Showcase Your Analytical Skills:Since this role involves a lot of risk assessments and monitoring, be sure to include examples of how you've successfully tackled similar challenges in the past. We love seeing problem-solving in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Bank of China
✨Know Your Risk Management Stuff
Make sure you brush up on your knowledge of third-party risk management, especially within the financial services sector. Familiarise yourself with UK regulations like SS1/21 and SYSC 8, as these will likely come up during the interview.
✨Showcase Your Analytical Skills
Be prepared to discuss specific examples where you've conducted risk assessments or managed vendor-related issues. Highlight your analytical and problem-solving skills by sharing how you approached challenges in previous roles.
✨Communicate Clearly
Since this role involves a lot of stakeholder management, practice articulating your thoughts clearly and concisely. Use the STAR method (Situation, Task, Action, Result) to structure your answers, making it easier for the interviewer to follow your examples.
✨Prepare Questions
Have a few insightful questions ready about the company's TPRM framework and how they handle compliance and operational resilience. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
