Senior Third Party Risk Analyst in City of London

The Third Party Risk Management Department at ICBC Standard Bank Plc is based in London. It aims to assess the risks of dealing with third parties with which the banks want to engage in business for the supply of goods and services. TPRM works closely with Procurement to ensure that our risk and procurement procedures are effective in addressing a range of financial crime risks, particularly the risks associated with bribery, corruption and fraud but extends to other regulatory requirements which range from business conduct to sustainability, cyber security and IT resilience.

The annual 3rd party in-direct spend is circa $300m across a wide range of technology and non-technology commoditised and specialist goods and services.

The department conduct inherent risk assessments of each third party engagement, conducts supplier due diligence and assesses the risk controls in place at the supplier so our purchasing of goods and services is based on adherence to the specific policies and procedures which are in place at ICBC Standard Bank Plc.

To support the ongoing business needs in the assessing third party risks, against the bank’s Third Party Risk Management appetite and strategy, maintaining systems, producing management intelligence and preparing management information reports including supplier and business risk reporting.

Other activities such as due diligence, documentation review and supporting the business with supplier performance issues, and supplier performance reporting are also required.

To ensure, in conjunction with the CMU teams, that risk assessment processes effectively and appropriately address the risks that are identified and establishing mitigation plans where they are required.

What you’ll be doing

Third Party Risk Management

• Work with the Third Party Risk Managers to ensure the TPRM Policy and the Supplier Risk Appetite are embedded across the Bank’s businesses and functions.
• Work closely with Supplier Accountable Executives to assist in managing their supplier risks where ongoing assurance activities are required on suppliers (remediation plans/desktop / onsite reviews).
• Be part of the Third Party Risk Management team with the remediation of the Bank’s supply base including liaising with the Business, SMEs and Vendors and implementing controls in line with the Bank’s TPRM Framework
• Be part of the implementation, testing and roll-out of IT solutions to support the programme (e.g. SAP Ariba Risk, Bitsight, API Reporting via SAP BI)
• Prepare Management Information report when required
• Other TPRM related tasks that may be required by the programme

Quality Assurance checks on TPRM files

• Review and validate the information completed by the TPRM analyst / Supplier Accountable Executives
• Check and ensure information keyed in the internal systems is complete and accurate
• Liaise with the QC analyst on the identified errors or to readily raise queries, ensuring all errors are rectified or queries clarified by the TPRM analyst before re-submitting for final approval
• Track and maintain records for reporting Stakeholder Management - proactively manage internal stakeholder expectations with regards to approval timeline and the need for early engagement

Teamwork

• Act as part of the team and be fully supportive to other members within the team

What you’ll need to be successful

• Experience of working in a regulated environment, ideally Financial Services
• Organisation skills including project management with a good track record of meeting deadlines and managing priorities.
• Good attention to detail and ability to think strategically at the same time
• Versatile and flexible approach to adapt to evolving situations.
• Ability to build strong business partnerships both internally and externally
• Highly motivated to succeed whilst remaining a team player.
• Can-do and positive attitude when approaching new projects and challenges. Innovative and lateral thinking in order to achieve optimal results.
• Good General Business knowledge
• Understanding of FCA/PRA rules and regulations
• Understanding of risk and control

  Why should you join us?

  ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

  We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

  Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

  We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

  What’s in it for you?

  • Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
  • Hybrid working – the option to work remotely up to two days per week, depending on the role.
  • Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay. Coaching for family leave returners and access to emergency care via My Family Care. Paid fertility and miscarriage leave.
  • Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
  • Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
  • Development – a suite of opportunities to build the skills you need to excel in your role

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