At a Glance
- Tasks: Support operational resilience and vendor management while enhancing frameworks and reporting.
- Company: Join a dynamic team at Munich Re, a leader in insurance and risk management.
- Benefits: Enjoy 25 days annual leave, private medical insurance, and a non-contributory pension.
- Other info: Embrace diversity and inclusion in a supportive workplace that values your unique perspective.
- Why this job: Make a real impact in operational resilience and vendor management with growth opportunities.
- Qualifications: Experience in operational resilience or vendor management within a regulated environment is essential.
The predicted salary is between 69750 - 85250 £ per year.
We are looking for an Operational Resilience & Vendor Management Specialist to join our team in our Manchester Office on a full-time basis with hybrid working of 2-3 days per week.
Overall objective
The Operational Resilience & Third-Party Risk Governance Specialist will play an important role in supporting the continued development, operation and enhancement of the Operational Resilience and Third Party Vendor Management frameworks across GSI4, supporting MRSG, MRSL, MRSI UK and MRRSI.
This is a varied and visible role within a small, dynamic Operations Management team, offering the successful candidate the opportunity to build deep experience across operational resilience, incident reporting, third party vendor management reporting, policy review and regulatory awareness.
The role will have a particular focus on producing clear, accurate and senior-level documentation, including incident reports, root cause analysis, lessons learned, Executive Committee updates, Governance Forum papers, Board documentation, regulatory submissions, policy reviews and supporting materials for regulatory engagement.
The successful candidate will help translate operational resilience and third-party risk matters into clear, practical and well-structured narratives for senior stakeholders, while supporting the ongoing review of policies, procedures and frameworks to ensure alignment with Munich Re requirements and applicable regulatory expectations, including Lloyd's, FCA and PRA requirements.
This role would suit someone who is proactive, curious and keen to make the role their own, using it as a strong development platform for a long-term career in Operational Resilience and Third-Party Vendor Management.
Responsibilities
- Operational Resilience & Incident Management
- Coordination and support of operational resilience incident reporting.
- Drafting incident summaries, root cause analysis, lessons learned and remediation plans.
- Tracking actions, vulnerabilities, and support escalations to governance forums.
- Business Continuity Planning (BCP) and alignment with Operational Resilience frameworks.
- Annual reviews including self-assessments and updating plans.
- Ensure resilience documentation reflects current processes, people, systems, and third-party dependencies.
- Conducting impact analyses.
- Identify critical business services.
- Assess operational impacts, tolerances, and time‑critical activities.
- Evaluate third‑party resilience including assessments of vendors’ resilience capabilities & ensuring contractual resilience obligations are adhered to and evidenced.
- Develop, maintain and own the incident reporting process which is introduced through the PRA/FCA regulation around Operational Incident Reporting (PRA SS1/26)
- Third Party Vendor Management
- Monitoring important third-party arrangements, SLA performance, & KPIs.
- Third-party due diligence and ongoing monitoring.
- Onboarding and lifecycle management of vendors including contract reviews.
- Third-party arrangement inventory & systems records additions & updates.
- Contract assessment & remediation support.
- Regulatory compliance assessments, validation, and submission preparation support.
- Annual reviews and updates to plans.
- Board, Executive & Regulatory Reporting
- Draft and review Executive Committee, Governance Forums and Board papers.
- Translate technical matters into clear senior-level narratives.
- Policy & Regulatory Awareness
- Draft, Review, develop and maintain including the regular review cycle of relevant policies, regulatory submissions, guidelines and procedures managed by the 1st line of defense e. g.
Operational Resilience Policy, Business Continuity Plan, Wind Down Plans Third Party Risk policies, and other related documentation ensuring alignment with Munich Re Frameworks and regulatory requirements from governing bodies (e. g.
Lloyd’s.
FCA & PRA).
- Monitor regulatory developments (FCA, PRA, Lloyd’s) and conduct any necessary impact assessments.
- General responsibilities
- To raise the profile of Operational Resilience and Third-Party Vendor Management within business and IT including training, lunch and learns etc.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Knowledge and Skills
- Must have experience working in Operational Resilience or Third-Party Vendor/Risk Management within a regulated environment.
- Strong understanding of Operational Resilience, Outsourcing, Vendor Management & Business continuity regulation (Lloyd’s, FCA and PRA).
- Experience in the insurance industry and in particular for a candidate with an understanding of regulatory standards for insurance.
- Must have excellent report writing skills, experience of preparing reports, policies and presentations for senior management / committee or board review.
- Must have ability to appropriately question, support and challenge the business at all levels and present considered and balanced opinions, findings and recommendations.
- Should be focussed on completing activities, pragmatic solutions orientated and be conscientious with developing collaborative relationships with stakeholders.
- Proven experience achieving results in a multifunctional and inclusive international environment with of culture of be present, be bold and be curious.
- Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better.
Embracing the power of DEI is at the core of who we are.
We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.
Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow
At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment.
Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
Learn more about sustainability at Munich Re – choose your impact!
- 25 days Annual Leave + Bank Holidays
- 10% Non-contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- #J-18808-Ljbffr
Operational Resilience & Vendor Management Specialist in Manchester employer: Munich Re Specialty
At Munich Re Specialty – Global Markets, we pride ourselves on being an exceptional employer that fosters a culture of support, innovation, and professional growth. Our commitment to diversity, equity, and inclusion ensures that every employee feels valued and empowered to achieve their goals, while our comprehensive benefits package, including generous annual leave and a robust pension scheme, reflects our dedication to employee well-being. Located in a dynamic environment, the Head of Capital role offers unique opportunities to lead a talented team and make a significant impact within the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Operational Resilience & Vendor Management Specialist in Manchester
✨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!
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We think you need these skills to ace Operational Resilience & Vendor Management Specialist in Manchester
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 Munich Re Specialty. 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 Munich Re Specialty
✨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 Munich Re Specialty’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
