At a Glance
- Tasks: Lead third-party risk management and ensure effective supplier governance.
- Company: Join a respected global insurance firm in the heart of London.
- Benefits: Enjoy competitive salary, annual bonus, and comprehensive benefits.
- Other info: Hybrid working model with opportunities for career growth.
- Why this job: Make a real impact on supplier risk and operational resilience initiatives.
- Qualifications: Experience in Third Party Risk Management and strong stakeholder skills required.
The predicted salary is between 70000 - 85000 £ per year.
We're partnering with a leading insurer to recruit a Third-Party Risk Manager to play a key role in the delivery and continual improvement of their Third-Party Risk Management (TPRM) framework. This is an excellent opportunity to work within a highly regulated environment, partnering with Procurement, Operational Resilience, Risk, and senior business stakeholders to ensure third-party relationships are managed effectively throughout their lifecycle.
You will take ownership of the end-to-end management of high-risk and material third-party suppliers, leading due diligence, risk assessments, and onboarding activities while ensuring compliance with regulatory expectations and internal governance standards. Working within a collaborative and high-performing team, you will help strengthen supplier governance, improve risk processes, and support the organisation's operational resilience objectives.
Key Responsibilities:
- Lead third-party due diligence and risk assessments for critical and high-tier suppliers.
- Manage the full supplier lifecycle, including onboarding, ongoing monitoring, incident management, and offboarding.
- Identify, assess, and escalate supplier risks and control weaknesses.
- Maintain the Material Third Party Register and associated governance documentation.
- Ensure all TPRM activities are completed in line with internal frameworks and regulatory requirements.
- Prepare high-quality reporting and governance papers for senior stakeholders.
- Work closely with Procurement, Business Owners, Operational Resilience, Risk and Compliance teams.
- Support audits, regulatory reviews, and remediation activities.
- Drive continuous improvements to TPRM processes, data quality, and governance.
- Mentor and support junior team members where required.
About You:
We are looking for someone who can combine strong technical Third-Party Risk knowledge with excellent stakeholder management skills. You will ideally have:
- Proven experience within Third Party Risk Management (TPRM) in Financial Services.
- Strong experience delivering supplier due diligence and risk assessments.
- Experience managing supplier onboarding and lifecycle governance.
- Good understanding of third-party risk frameworks and best practice.
- Experience using TPRM systems and tools (Workday experience would be advantageous).
- Knowledge of PRA and FCA regulatory expectations.
- Previous experience within Insurance or the London Market would be highly desirable.
You will also bring:
- Excellent analytical and problem-solving skills.
- Strong written documentation and reporting ability.
- Confidence engaging, influencing and constructively challenging senior stakeholders.
- Exceptional attention to detail.
- Excellent organisational skills with the ability to manage multiple priorities.
- A collaborative mindset and passion for continuous improvement.
What is on Offer?
- Join a highly respected global insurance business.
- Work on business-critical supplier risk and operational resilience initiatives.
- Exposure to senior stakeholders across the organisation.
- Hybrid working from modern City of London offices.
- Competitive salary, annual bonus, and comprehensive benefits package.
If you are an experienced Third-Party Risk professional looking for your next challenge within a leading financial services organisation, we would love to hear from you.
Third Party Risk Management Lead (TPRM) employer: Beaumont Select Ltd
Beaumont Select is an exceptional employer, offering a unique opportunity for a Procurement Manager in the picturesque coastal region, where work-life balance is prioritised. With relocation assistance and a competitive salary of up to £75K, employees can enjoy a vibrant lifestyle filled with outdoor activities, local cuisine, and a supportive community. The company fosters a culture of professional growth, encouraging career development while ensuring that you have more time for family and personal pursuits.
StudySmarter Expert Advice🤫
We think this is how you could land Third Party Risk Management Lead (TPRM)
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Beaumont Select Ltd looking for candidates who are engaged and informed.
We think you need these skills to ace Third Party Risk Management Lead (TPRM)
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Beaumont Select Ltd. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Beaumont Select Ltd
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Beaumont Select Ltd’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
