At a Glance
- Tasks: Assess and manage risks from external suppliers while ensuring compliance with regulations.
- Company: Join a leading financial services firm with a focus on operational excellence.
- Benefits: Full-time permanent role with competitive salary and career development opportunities.
- Other info: Collaborative team culture with a focus on continuous improvement and regulatory compliance.
- Why this job: Make a real impact by enhancing third-party risk management in a dynamic environment.
- Qualifications: Degree in Finance, Accounting or Business; experience in Financial Services is essential.
The predicted salary is between 55000 - 65000 € per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes Business Risk & Controls, Financial Crime Operations and Facilities Management.
As a Senior Officer - Third Party Risk, you will be responsible for supporting the Third Party Risk Management (TRPM) framework by assessing, monitoring and managing risks associated with external suppliers and service providers. You will conduct detailed risk assessments, maintain oversight of critical and important third-party relationships and ensure compliance with FCA/PRA outsourcing and operational resilience requirements. This is a full time permanent position.
Key responsibilities- Conduct initial and ongoing risk assessments of third-party vendors across domains including cyber, financial, operational and compliance risk
- Support supplier onboarding and due diligence, ensuring alignment with internal policies and regulatory requirements
- Maintain and update the third-party inventory, ensuring accurate classification of critical and important suppliers
- Monitor vendor performance and risk exposure through periodic reviews, assessments, and control testing
- Collaborate with Procurement, Legal, Information Security and Business Units to ensure consistent application of the TPRM framework
- Track and report on remediation activities for identified third-party risks and control gaps
- Prepare Management Information (MI), dashboards and reporting for senior stakeholders, regulators and auditors
- Keep abreast of regulatory developments and industry best practices related to third-party risk and operational resilience
- Contribute to the enhancement of TPRM policies, procedures, tools and training materials
- Support relevant testing and implementation, prepare business requirements for new system
- Degree educated in Finance, Accounting or Business
- Experience within the Financial Services industry and proven track record in similar business stream
- Relevant professional qualification is a plus
- Knowledge of risk assessment methodologies and familiarity with Governance, Risk, and Compliance (GRC) platforms
- Good understanding of UK regulatory requirements especially FCA/PRA guidelines on outsourcing and operational resilience
- Team player
- Analytical mind set with attention to detail
Senior Officer - Third Party Risk employer: Bank of China
As a leading employer in the Financial Services sector, we pride ourselves on fostering a collaborative and inclusive work culture that prioritises employee growth and development. Our Operations Services department offers a dynamic environment where you can enhance your skills in Third Party Risk Management while benefiting from comprehensive training programmes and opportunities for career advancement. Located in a vibrant area, we provide a supportive atmosphere that encourages innovation and ensures compliance with industry standards, making us an excellent choice for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Officer - Third Party Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services industry and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its TPRM framework. Show us you understand their operations and how you can contribute to managing third-party risks effectively. Tailor your responses to highlight your relevant experience and skills.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! We love seeing applications directly from candidates who are genuinely interested in joining our team. Plus, it gives you a better chance to stand out in the crowd.
We think you need these skills to ace Senior Officer - Third Party Risk
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Senior Officer - Third Party Risk role. Highlight your experience in risk assessments and compliance, as these are key to what we’re looking for.
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 Relevant Experience:When detailing your work history, focus on your achievements in financial services and any relevant qualifications. We want to see how you've successfully managed risks and collaborated with different teams.
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 don’t miss out on any important updates during the process!
How to prepare for a job interview at Bank of China
✨Know Your Risk Assessment Methodologies
Make sure you brush up on various risk assessment methodologies before the interview. Being able to discuss specific frameworks and how they apply to third-party risk management will show that you’re not just familiar with the concepts, but that you can also implement them effectively.
✨Familiarise Yourself with Regulatory Requirements
Since this role involves compliance with FCA/PRA guidelines, it’s crucial to have a solid understanding of these regulations. Prepare examples of how you've navigated regulatory challenges in the past, as this will demonstrate your capability to manage compliance effectively.
✨Showcase Your Collaborative Skills
This position requires collaboration with various departments like Procurement and Legal. Be ready to share experiences where you successfully worked with cross-functional teams. Highlighting your ability to communicate and collaborate will set you apart from other candidates.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your analytical skills and decision-making process. Think of situations where you had to conduct risk assessments or manage vendor performance. Practising your responses will help you articulate your thought process clearly during the interview.
