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- Tasks: Manage third party risk and support compliance with regulatory requirements.
- Company: Join a leading bank focused on personal development and risk management.
- Benefits: Enjoy hybrid working, personal growth opportunities, and a collaborative culture.
- Why this job: Make an impact in risk management while building valuable relationships across the bank.
- Qualifications: Experience in risk roles, strong analytical skills, and excellent communication abilities required.
- Other info: Work from home part-time and engage with key stakeholders regularly.
The predicted salary is between 36000 - 60000 £ per year.
Join us as a Regulatory Consultant in Third Party Risk Management. If you’re looking for a new challenge, where you can play a key role in managing third party risk, this could be the ideal role for you. You’ll work in partnership with colleagues across the organisation in applying a third party risk management (TPRM) framework, and anticipating and assessing the potential impacts of third party risk across the bank. By liaising closely with a range of stakeholders, you’ll have an opportunity to raise your profile across the bank and you’ll benefit from a strong focus on your personal development. You’ll work from home some of the time, but you’ll also spend a significant amount of time working from our office.
What you'll do:
- You’ll play a key role in delivering initiatives that support the effective application of the TPRM framework, with an opportunity to improve the understanding and effective management of third party risk across the bank.
- We’ll look to you to support the business in managing third party risk, making sure mechanisms are in place to identify, report, manage, and mitigate risk within a defined risk appetite, working in conjunction with the second line of defence.
- Undertaking quality assurance testing on key TPRM and governance processes, identifying weaknesses and trends and driving activity to improve process design and capability.
- Developing processes and procedures to support users in complying with the EO standard.
- Building and maintaining trusted working partnerships with key stakeholders across the bank to align and create synergies between inter-related frameworks and non-financial risks.
- Supporting the interpretation of the latest regulatory requirements and changes, managing updates to the TPRM framework to ensure our ongoing compliance to the outsourcing regulatory requirements.
- Reviewing and maintaining of the EO risk standard and supporting guidance.
- Providing oversight of the development and testing of robust third party exit and contingency plans for our most critical suppliers.
The skills you'll need:
- To be successful in this role, you’ll demonstrate knowledge of third party risk and bring experience of working in a first or second line of defence risk role.
- A clear track record of achievement and delivery.
- Experience of working in a financial services or supply chain environment.
- Strong analytical and problem solving abilities with good attention to detail.
- Excellent communication skills, both written and verbal and the ability to influence at all levels.
Hours: 35
Regulatory Consultant, Third Party Risk Management employer: NatWest Group
Contact Detail:
NatWest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Consultant, Third Party Risk Management
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements related to third party risk management. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals already working in third party risk management or similar roles. Engaging with them on platforms like LinkedIn can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you've successfully managed risks or improved processes. This will showcase your analytical skills and problem-solving abilities, which are crucial for this role.
✨Tip Number 4
Research StudySmarter's values and culture. Tailoring your conversations during interviews to align with our mission can help you stand out as a candidate who fits well within our team.
We think you need these skills to ace Regulatory Consultant, Third Party Risk Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Regulatory Consultant position. Tailor your application to highlight relevant experience in third party risk management and your understanding of regulatory frameworks.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in first or second line of defence risk roles. Provide specific examples of how you've successfully managed third party risks or improved processes in previous positions.
Showcase Analytical Skills: Given the importance of analytical abilities in this role, include examples that demonstrate your problem-solving skills and attention to detail. Mention any relevant tools or methodologies you have used in past roles.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the role but also explain why you are a great fit. Discuss your communication skills and ability to influence stakeholders, as these are crucial for the position.
How to prepare for a job interview at NatWest Group
✨Understand the TPRM Framework
Make sure you have a solid grasp of the Third Party Risk Management framework. Be prepared to discuss how you would apply this framework in real-world scenarios, and think about examples from your past experience that demonstrate your understanding.
✨Showcase Your Analytical Skills
Since the role requires strong analytical abilities, come ready with examples of how you've identified weaknesses or trends in previous roles. Highlight any specific tools or methodologies you used to analyse data and improve processes.
✨Prepare for Stakeholder Engagement Questions
This position involves liaising with various stakeholders, so be prepared to discuss how you've built and maintained relationships in the past. Think of specific instances where your communication skills made a difference in managing risk or compliance.
✨Stay Updated on Regulatory Changes
Familiarise yourself with the latest regulatory requirements related to third party risk. Be ready to discuss how you would manage updates to the TPRM framework and ensure compliance, showcasing your proactive approach to staying informed.
