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For Companies At a Glance
- Tasks: Manage third party risk and support compliance with regulatory requirements.
- Company: Join NatWest Group, a leading bank focused on personal development and collaboration.
- Benefits: Enjoy remote work options and a strong emphasis on personal growth.
- Why this job: Make an impact in risk management while building valuable relationships across the bank.
- Qualifications: Experience in risk roles and strong analytical skills are essential.
- Other info: This is a full-time, mid-senior level position with opportunities for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
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.
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 can provide valuable insights into the role and may even lead to referrals, increasing your chances of landing an interview.
✨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
Demonstrate your communication skills by practising how to clearly articulate complex risk concepts. Being able to influence stakeholders at all levels is key, so consider role-playing scenarios to build your confidence.
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 to thoroughly understand the responsibilities and requirements of the Regulatory Consultant position. Familiarise yourself with third party risk management and the specific skills mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience in third party risk and any roles you've held in first or second line of defence risk. Use keywords from the job description to ensure your CV aligns with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your analytical skills and problem-solving abilities. Mention specific examples of how you've successfully managed third party risks in previous roles and how you can contribute to the company's objectives.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that your communication is clear and professional, as excellent written communication skills are essential for this role.
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 it in real-world scenarios and demonstrate your understanding of its importance in managing risks.
✨Showcase Your Analytical Skills
Highlight your analytical and problem-solving abilities during the interview. Prepare examples from your past experiences where you identified weaknesses or trends and successfully implemented improvements.
✨Communicate Effectively
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly and confidently. Be ready to explain complex concepts in simple terms, as you may need to influence stakeholders at various levels.
✨Prepare for Regulatory Discussions
Familiarise yourself with the latest regulatory requirements related to third party risk. Be prepared to discuss how you would manage updates to the TPRM framework to ensure compliance, showcasing your proactive approach to regulatory changes.
