At a Glance
- Tasks: Lead third-party risk management and collaborate with key stakeholders to enhance governance.
- Company: Join a leading financial institution committed to excellence and innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Be part of a collaborative team focused on continuous improvement and regulatory compliance.
- Why this job: Shape the future of risk management while making a real impact in a dynamic environment.
- Qualifications: Experience in risk management and strong communication skills are essential.
The predicted salary is between 69750 - 85250 £ per year.
You will be instrumental in maintaining the integrity of the TPRM framework.
Your day-to-day activities will involve collaborating closely with first- and second-line functions such as Operational Risk, Enterprise Risk, Resiliency teams, BCS colleagues, and other key stakeholders.
You will take ownership of reporting processes, ensuring timely delivery of critical information to committees and boards and drive continuous improvement through regular reviews of applicable regulations.
By developing robust metrics for supplier risk assessment and authoring comprehensive policies, you will help shape how third-party risks are managed across the entities.
Your consultative approach will foster knowledge sharing throughout the organisation while your project management skills enable successful delivery of change initiatives.
Success in this role requires proactive engagement with regulatory developments, effective communication strategies for disseminating expertise internally, and a commitment to upholding high standards of governance.
- Maintain and continuously review the Third-Party Risk Management framework to ensure it meets both regulatory requirements and internal standards across multiple jurisdictions.
- Support all reporting requirements for the TPRM function including Key Indicator metrics, Risk Appetite metrics, Committee decks, Board reporting, ad-hoc requests, and Head Office submissions.
- Manage the function’s Risk Control Self-Assessment (RCSA), Issues and Actions programme as well as control testing and delegated controls to uphold robust governance.
- Develop appropriate TPRM metrics and thresholds for tier 1 and tier 2 suppliers to ensure effective monitoring of third party risks.
- Author and manage TPRM policy documents along with related standards to provide clear guidance for stakeholders throughout the organisation.
- Ensure regulatory compliance by keeping abreast of all relevant requirements covering reporting and notifications for both the bank
- Conduct regulatory horizon scanning to identify emerging risks or new regulations and embed these into the current TPRM framework proactively.
- Own projects related to TPRM change initiatives by partnering with other departments such as Procurement & Vendor Management or subject matter experts as needed.
- Act in a consultative capacity providing advice and guidance to stakeholders on best practices in third party risk management.
- Communicate TPRM knowledge effectively across the business to build a centre of expertise while developing stakeholder management strategies.
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VP Third Party Risk Management Lead in London employer: Morgan McKinley
As a leading international savings and investments business with over a century of experience, we pride ourselves on fostering a supportive and inclusive work environment that prioritises employee well-being and professional growth. Our flexible working arrangements and commitment to workplace accommodations ensure that you can thrive in your role as the Group Financial Crime Policy and Standards Manager, while contributing to our mission of delivering exceptional financial outcomes for our clients. Join us to be part of a dynamic team that values collaboration, innovation, and integrity in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land VP Third Party Risk Management Lead in 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 Morgan McKinley. 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 VP Third Party Risk Management Lead in 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 Morgan McKinley.
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 Morgan McKinley'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 Morgan McKinley
✨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 Morgan McKinley.
✨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 Morgan McKinley 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 Morgan McKinley 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.
