At a Glance
- Tasks: Oversee third-party risk management and ensure compliance with regulatory standards.
- Company: Join FNZ, a leading global wealth management platform.
- Benefits: Flexible work environment, competitive pay, and opportunities for career growth.
- Other info: Embrace a culture of diversity, equity, and inclusion at FNZ.
- Why this job: Make a real impact in risk management while working with diverse teams.
- Qualifications: Experience in third-party risk management and strong communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
The objective of the Second Line Risk team is to deliver, coordinate and continuously develop an effective Risk Management Framework that provides the tools to enable FNZ to identify, assess, control and monitor risk; and through that framework manage risk within the appetite of the business, our clients, and regulators.
The Risk Business Partner brings both experience and knowledge of operational risk management tools and frameworks demonstrated through practical experience and achievements in similar roles. This Second Line risk role will support the implementation and maintenance of the Risk Management Framework to support FNZ’s business plan and the regulatory environment it operates in. This includes provision of oversight of the application of risk management policies and procedures and working with the business to facilitate the understanding and embedding of these within FNZ.
Key Responsibilities:- Third-Party Risk Oversight
- Provide independent Second Line oversight of the firm's Third-Party Risk Management framework.
- Review and challenge supplier risk assessments, due diligence activities and ongoing monitoring arrangements.
- Ensure appropriate oversight of critical, material and outsourced service providers.
- Assess third-party risks including: Operational Risk, Information Security Risk, Cyber Risk, Data Privacy Risk, Financial Crime Risk, Conduct Risk, Business Continuity and Operational Resilience Risk, Concentration Risk, Geographic and Country Risk.
- Monitor supplier risk profiles and ensure emerging risks are escalated appropriately.
- Challenge risk acceptances and remediation plans where control weaknesses are identified.
- Support oversight of supplier incidents, service failures and operational resilience events.
- Governance & Reporting
- Prepare risk reporting for management, Executive committees and Board forums.
- Representing Second Line Risk at appropriate FNZ governance committees.
- Provide management information and key risk metrics relating to third-party risks.
- Ensure material supplier risks, issues and trends are clearly communicated to senior stakeholders.
- Support preparation of regulatory submissions and responses relating to outsourcing and supplier management where required.
- Risk Framework & Assurance
- Maintain and continuously improve Third-Party Risk Management policies, standards and procedures.
- Provide independent review and challenge of supplier onboarding, renewal and exit activities.
- Participate in thematic reviews, deep dives and assurance activities across supplier populations.
- Track and monitor remediation actions arising from audits, risk assessments and regulatory reviews.
- Facilitate risk and control assessments relating to third-party arrangements.
- Using the Governance, Risk & Compliance system (Archer) to support the risk management oversight of third-party arrangements.
- Stakeholder Management
- Build strong relationships with team and functional leadership, procurement teams and supplier managers.
- Act as a trusted adviser to the business on third-party risk matters.
- Support delivery of risk training and awareness programmes.
- Promote a culture of effective risk management and accountability throughout the organisation.
- Regulatory & Industry Developments
- Monitor relevant regulatory developments impacting outsourcing and third-party risk management.
- Provide guidance and insight on emerging third-party risk trends, including cyber threats, concentration risk and operational resilience expectations.
- Support implementation of regulatory requirements and industry best practices.
- Previous Third-Party Risk Management oversight experience within a Second Line Risk, Operational Risk, Supplier Risk or Enterprise Risk function.
- Experience overseeing critical and material third-party suppliers within a regulated financial services environment.
- Strong understanding of Third-Party Risk Management lifecycle activities, including: Due diligence, Risk assessments, Contractual risk considerations, Performance monitoring, Issue management, Exit planning.
- Strong critical thinker with an ability to challenge constructively.
- Excellent written and verbal communication skills.
- Highly organised with strong attention to detail.
- Confident engaging with senior management and executive stakeholders.
- Pragmatic and solution-oriented approach.
- Ability to balance commercial objectives with effective risk management.
At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals.
Risk Business Partner – Third Party Risk Management employer: FNZ
FNZ is an exceptional employer that fosters a culture of growth and collaboration, empowering employees to make a meaningful impact from day one. With a commitment to diversity, equity, and inclusion, FNZ offers flexible working arrangements, significant financial rewards based on individual contributions, and global career opportunities across its offices. Join a dynamic team dedicated to innovation in the financial services sector, where your expertise in risk management will be valued and supported.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Business Partner – Third Party Risk Management
✨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 FNZ looking for candidates who are engaged and informed.
We think you need these skills to ace Risk Business Partner – Third Party Risk Management
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 FNZ. 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 FNZ
✨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 FNZ’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
