Operational Resilience & Vendor Management Specialist in Manchester

Operational Resilience & Vendor Management Specialist in Manchester

Manchester Full-Time 50000 - 60000 € / year (est.) Home office (partial)
Munich Re

At a Glance

  • Tasks: Manage operational resilience and vendor oversight while ensuring compliance and continuous improvement.
  • Company: Join a dynamic team in a leading insurance firm with a focus on innovation.
  • Benefits: Enjoy 25 days annual leave, private medical insurance, and a non-contributory pension.
  • Other info: Diverse and inclusive workplace with excellent career development opportunities.
  • Why this job: Make a real impact in operational resilience and vendor management in a hybrid work environment.
  • Qualifications: Experience in operational resilience or vendor management within a regulated setting is essential.

The predicted salary is between 50000 - 60000 € per year.

We are looking for an Operational Resilience & Vendor Management Specialist to join our team in Manchester on a full‑time basis with hybrid working of 2‑3 days per week. The Specialist will play a key role in the oversight, management, operation and evolution of the Operational Resilience and Third Party Vendor Management functions. Deputising for the Operational Resilience Manager and Third Party Vendor Manager across all relevant 1st Line of Defence topics managed by the Operations Management team around business continuity management, operational resilience, third‑party vendor management and outsourcing oversight as well as emergency management.

You will support the effective operation and continuous improvement of Operational Resilience and Third‑Party Vendor Management ensuring effective operational delivery and regulatory compliance, third‑party due diligence and ongoing monitoring. The role has a strong focus on operational resilience & third‑party vendor management reporting, incident reporting, Board, Executive and regulatory documentation, policy reviews, and regulatory awareness. You'll collaborate, communicate and engage with all stakeholders internal and external that have material relevance to Operational Resilience and Third Party Vendor Management ensuring we are abreast of current or up‑to‑date regulatory topics.

Responsibilities
  • Draft incident summaries, root cause analysis, lessons learned and remediation plans, track actions 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.
  • Conduct impact analyses and identify critical business services.
  • Assess operational impacts, tolerances and time‑critical activities.
  • Evaluate third‑party resilience including assessments of vendors’ resilience capabilities and ensure contractual resilience obligations are adhered to and evidenced.
  • Develop, maintain and own the incident reporting process introduced through PRA/FCA regulation around Operational Incident Reporting (PRA SS1/26).
  • Monitor important third‑party arrangements, SLA performance and KPIs.
  • Onboard and manage the lifecycle of vendors including contract reviews.
  • Maintain third‑party arrangement inventory and systems records.
  • Provide contract assessment and remediation support.
  • Conduct regulatory compliance assessments, validation and submission preparation support.
  • Perform annual reviews and updates to plans.
  • Draft, review, develop and maintain relevant policies, regulatory submissions, guidelines and procedures managed by the 1st line of defence (e.g. Operational Resilience Policy, Business Continuity Plan, Wind‑Down Plans, Third‑Party Risk policies) ensuring alignment with Munich Re frameworks and regulatory requirements from governing bodies (e.g. Lloyd’s, FCA & PRA).
  • Monitor regulatory developments and conduct necessary impact assessments.
Qualifications
  • 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 an understanding of regulatory standards for insurance.
  • Excellent report‑writing skills and experience preparing reports, policies and presentations for senior management/committee or board review.
  • Ability to appropriately question, support and challenge the business at all levels and present considered and balanced opinions, findings and recommendations.
  • Focus on completing activities, pragmatic solutions oriented and conducive to developing collaborative relationships with stakeholders.
  • Proven experience achieving results in a multifunctional and inclusive international environment.
Benefits
  • 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
  • Hybrid Working & IT Home Set‑up Support
EEO / DEI Statement

We recognise diversity can be multi‑dimensional, intersectional and complex, and we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, gender, economic, geographic, and ability backgrounds. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. We are committed to building an equitable and inclusive work environment where diversity is celebrated, valued and has equitable opportunities to succeed.

Operational Resilience & Vendor Management Specialist in Manchester employer: Munich Re

Join our dynamic team in Manchester as an Operational Resilience & Vendor Management Specialist, where you will thrive in a supportive hybrid work environment that promotes collaboration and innovation. We offer a comprehensive benefits package, including generous annual leave, a non-contributory pension, and professional development opportunities, all within a culture that values diversity and inclusion. With a strong focus on employee growth and a commitment to operational excellence, this role provides a meaningful opportunity to make a significant impact in the field of operational resilience and vendor management.

Munich Re

Contact Detail:

Munich Re Recruiting Team

StudySmarter Expert Advice🤫

We think this is how you could land Operational Resilience & Vendor Management Specialist in Manchester

Tip Number 1

Network like a pro! Reach out to folks in the industry, attend relevant events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.

Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their approach to operational resilience and vendor management. This will help you tailor your answers and show that you're genuinely interested in the role.

Tip Number 3

Practice your responses to common interview questions, especially those related to incident reporting and business continuity planning. We recommend doing mock interviews with friends or using online platforms to boost your confidence.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team and contributing to our operational resilience efforts.

We think you need these skills to ace Operational Resilience & Vendor Management Specialist in Manchester

Operational Resilience
Vendor Management
Business Continuity Planning (BCP)
Incident Reporting
Regulatory Compliance
Root Cause Analysis
Report Writing

Some tips for your application 🫡

Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in Operational Resilience and Vendor Management. We want to see how your skills align with the role, so don’t hold back on showcasing relevant achievements!

Showcase Your Writing Skills:Since excellent report-writing skills are key for this position, include examples of reports or documents you've prepared in the past. This will give us a taste of your writing style and attention to detail.

Be Clear and Concise:When filling out your application, keep your language straightforward and to the point. We appreciate clarity, so avoid jargon unless it’s relevant to the role. Remember, less is often more!

Apply Through Our Website:We encourage you to submit your application directly through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy!

How to prepare for a job interview at Munich Re

Know Your Regulations

Familiarise yourself with the key regulations related to Operational Resilience and Vendor Management, such as those from Lloyd’s, FCA, and PRA. Being able to discuss these in detail will show your understanding of the industry and how it impacts the role.

Prepare Real-World Examples

Think of specific instances where you've successfully managed vendor relationships or improved operational resilience. Use the STAR method (Situation, Task, Action, Result) to structure your answers, making it easier for interviewers to see your impact.

Showcase Your Report-Writing Skills

Since the role involves drafting reports and policies, be ready to discuss your experience in this area. Bring examples of reports you've written or presentations you've prepared for senior management to demonstrate your capabilities.

Engage with Stakeholders

Highlight your experience in collaborating with various stakeholders. Be prepared to discuss how you’ve built relationships and communicated effectively across different levels of an organisation, as this is crucial for the role.