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- Tasks: Support and enhance third party risk management frameworks and collaborate with stakeholders.
- Company: Join a renowned financial services organisation in the heart of London.
- Benefits: Enjoy a hybrid work model with three days in the office and flexible arrangements.
- Why this job: Be part of a dynamic team driving continuous improvement and compliance in a prestigious firm.
- Qualifications: Experience in third party risk management and strong understanding of regulatory expectations required.
- Other info: This is a 13-month fixed-term contract, perfect for gaining valuable industry experience.
The predicted salary is between 48000 - 72000 £ per year.
Location: City of London (Hybrid – 3 Days in Office)
Contract: 13-Month Fixed-Term Contract
Industry: Financial Services
About the Role: One of the world’s most renowned financial services organisations is seeking a Third Party Risk Specialist to join its team on a 13-month fixed-term contract. Based in the City of London, this hybrid role (3 days in office) offers the opportunity to support and enhance the firm’s existing third party risk management (TPRM) framework and standards.
Key Responsibilities:
- Maintain and enhance the organisation’s third party risk management framework, policies, and standards.
- Collaborate with internal stakeholders to ensure effective implementation and operation of third party risk controls.
- Support assurance activities and drive continuous improvement within the TPRM program.
- Monitor and incorporate regulatory developments, including PRA and FCA requirements, into the framework and practices.
- Ensure alignment with industry best practices and internal risk appetite.
Requirements:
- Proven experience in third party risk management within financial services.
- Strong understanding of PRA and FCA regulatory expectations related to outsourcing, operational resilience, and third party risk.
- Familiarity with risk governance, controls, and compliance frameworks.
- Excellent communication and stakeholder engagement skills.
- Detail-oriented with a proactive and collaborative approach.
Third Party Risk Specialist employer: Investigo
Contact Detail:
Investigo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Specialist
✨Tip Number 1
Familiarise yourself with the latest PRA and FCA regulations. Understanding these regulatory frameworks will not only help you in interviews but also demonstrate your commitment to staying updated in the field of third party risk management.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in risk management. Attend industry events or webinars to connect with potential colleagues and learn about best practices in TPRM.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully implemented risk controls or improved risk management frameworks. This will showcase your practical knowledge and problem-solving skills during the interview.
✨Tip Number 4
Research the company’s existing third party risk management practices. Being able to speak knowledgeably about their current framework and suggesting areas for improvement can set you apart as a proactive candidate.
We think you need these skills to ace Third Party Risk Specialist
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of a Third Party Risk Specialist. Tailor your application to highlight your relevant experience in third party risk management within financial services.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in third party risk management, particularly your understanding of PRA and FCA regulatory expectations. Use specific examples to demonstrate your expertise.
Showcase Communication Skills: Since excellent communication and stakeholder engagement skills are crucial for this role, provide examples in your application that showcase your ability to collaborate effectively with internal stakeholders.
Tailor Your Application: Make sure your application is tailored to the job description. Use keywords from the job listing, such as 'third party risk management framework' and 'regulatory developments', to ensure your application stands out.
How to prepare for a job interview at Investigo
✨Know Your Regulations
Familiarise yourself with the PRA and FCA regulatory expectations related to third party risk management. Be prepared to discuss how these regulations impact the role and how you can ensure compliance within the organisation.
✨Showcase Your Experience
Highlight your proven experience in third party risk management, particularly within financial services. Use specific examples from your past roles to demonstrate your understanding of risk governance and controls.
✨Engage Stakeholders
Prepare to discuss how you would collaborate with internal stakeholders to implement and operate third party risk controls effectively. Think of examples where you've successfully engaged stakeholders in previous roles.
✨Detail Orientation is Key
Emphasise your detail-oriented approach during the interview. Be ready to explain how your proactive and collaborative mindset has led to continuous improvement in past projects, especially in relation to risk management frameworks.
