At a Glance
- Tasks: Support and improve the Bank's Third Party Risk Management framework while collaborating with various teams.
- Company: FirstBank UK, a top-tier bank with a rich history and global recognition.
- Benefits: Generous pension contributions, private medical insurance, gym subsidies, and 25+ days annual leave.
- Other info: Hybrid role with excellent career growth opportunities and a commitment to diversity and inclusion.
- Why this job: Join a dynamic team and make a real impact on risk management in a leading bank.
- Qualifications: Experience in third-party risk management within banking and strong analytical skills required.
The predicted salary is between 69750 - 85250 £ per year.
Third Party Risk Management Analyst
First Bank UK is a globally recognised, top-tier bank who provide world-class services to various institutions and individuals.
Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers in over 700 business locations is the oldest African bank in the UK.
Due to business requirements & growth, we are now looking to acquire the services of an experienced Third Party Risk Management Analyst to support the operation, maintenance & continuous improvement of the Bank's Third Party Risk Management framework.
Please note that this is a hybrid role with 3 days in the office and 2 days working from home
Key Responsibilities
- Support the ongoing operation and continuous improvement of the Bank’s Third-Party Risk Management (TPRM) framework, including procedures, templates, registers, controls and management information.
- Review and challenge third-party onboarding documentation submitted by Vendor Risk Owners, including Profiling and Tiering Assessments, due diligence questionnaires, information security questionnaires, financial crime and anti-bribery and corruption assessments and supporting approvals.
- Assist with the classification and documentation of third-party arrangements.
- Maintain and enhance the Bank’s third-party records, including the Master List of Vendors, Outsourcing Records, Material Third Party inventory, ABC Risk Register and other TPRM records.
- Support assessment of intragroup outsourcing arrangements and of arrangements where data or processing is located outside the United Kingdom, including jurisdictional, access, audit and resolvability considerations.
- Work with Vendor Risk Owners across the Bank to provide guidance, challenge and support on onboarding, due diligence, vendor reviews, risk assessments, contract information, approvals, remediation actions and exit planning
- Support maintenance of the Bank’s Material Third Party (MTP) inventory and associated regulatory reporting records.
- Support ongoing monitoring of third-party arrangements, including review of service performance, SLA/KPI information, vendor risk events, audit findings, control issues, material incidents and other trigger events.
- Support the preparation of TPRM management information for the Bank’s governance forums.
- Support regulatory horizon scanning and impact assessment for third-party risk, outsourcing, operational resilience, material third-party reporting, critical third parties, AI, cyber resilience and supply-chain risk developments.
- Assist with AI-related third-party risk activities, including identification of AI exposure, maintenance of AI vendor records, AI risk assessment support and third-party AI due diligence.
- Support financial crime screening of third parties, their owners and beneficial owners.
Key Skills/Experience
- Previous experience working in a similar Third-Party Risk Management/vendor management role within Banking/Financial Services.
- Working knowledge of the third-party risk management lifecycle.
- Strong knowledge of PRA SS2/21 on outsourcing & TPRM, PRA SS1/21 & FCA SYSC 15A on operational resilience.
- Strong knowledge of financial crime, anti-bribery and corruption, UK sanctions, information security, cyber resilience, AI governance and operational resilience considerations relevant to third-party arrangements.
- Strong analytical thinking including quantitative & qualitative skillset.
- Strong regulatory knowledge/experience.
- Working knowledge of vendor management platforms.
- Strong stakeholder management/engagement skills with the ability to challenge & influence.
- Working knowledge of operational resilience/risk would be advantageous.
In return we offer a fantastic benefits package including
- Up to 10% employer pension contribution
- Life Assurance Cover
- Income protection
- Private Medical Insurance plan (upon successful completion of probation period)
- Contribution to glasses/contacts and eye testing
- Gym subsidy (up to £50 per month)
- Cycle to work scheme
- Employee Assistance Program
- Interest Free season ticket loan for travel
- Birthday Leave
- 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service
- Give As You Earn (GAYE)
First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.
The Curve Group is First Bank UK’s outsource partner for Recruitment and a "Data Processor".
The Curve Group will hold the information you submit but First Bank UK will have access to it.
You can find their privacy policy here
https://www. thecurvegroup. co. uk/privacy-policy/
Third Party Risk Management Analyst in City of London employer: FirstBank UK Limited
FirstBank UK is an exceptional employer, offering a dynamic work environment that fosters professional growth and development. With a strong commitment to employee well-being, the bank provides an impressive benefits package, including generous pension contributions, private medical insurance, and a supportive hybrid work model. Located in the heart of the UK, employees enjoy a collaborative culture that values diversity and inclusion, making it a rewarding place to build a meaningful career in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Third Party Risk Management Analyst in City of London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like FirstBank UK Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Third Party Risk Management Analyst in City of London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to FirstBank UK Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on FirstBank UK Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at FirstBank UK Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with FirstBank UK Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at FirstBank UK Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former FirstBank UK Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
