Company DescriptionWe believe in the power of ingenuity to build a positive human future. As strategies, technologies, and innovation collide, we create opportunity from complexity. Our teams of interdisciplinary experts combine innovative thinking and breakthrough technologies to progress further, faster. Our clients adapt and transform, and together we achieve enduring results. We are over 4,000 strategists, innovators, designers, consultants, digital experts, scientists, engineers, and technologists. And we have deep expertise in consumer and manufacturing, defence and security, energy and utilities, financial services, government and public services, health and life sciences, and transport. Our teams operate globally from offices across the UK, Ireland, US, Nordics, and Netherlands. PA. Bringing Ingenuity to Life. Job DescriptionThird Party Risk Management (TPRM)Location: UK / HybridSector Coverage: Banking, Insurance, Asset & Wealth Management, Financial Market Infrastructure, Regulatory BodiesAbout the RoleWe are seeking an exceptional Third Party Risk Management (TPRM) leader to join our Financial Services practice.This role is suited to an individual who combines deep industry expertise with consulting experience and has helped major financial institutions navigate increasingly complex third-party ecosystems. You will be recognised as a trusted advisor to executives, boards and regulators, with a proven track record of designing, transforming and operating leading TPRM, outsourcing and operational resilience capabilities.You will bring experience gained within banks, insurers, asset managers or regulators, complemented by a consulting background that enables you to solve complex challenges, lead large-scale transformations and shape strategic thinking across organisations.As a senior leader, you will help clients address the challenges posed by cloud adoption, AI, critical third parties, operational resilience, concentration risk, emerging regulation and increasingly interconnected supply chains.Key ResponsibilitiesTPRM Strategy and TransformationLead the design and transformation of enterprise-wide TPRM frameworks, operating models and governance structures.Advise Boards and Executive Committees on third-party, outsourcing and supplier-related risks.Develop target operating models that align procurement, risk, resilience, compliance, legal and technology functions.Lead large-scale TPRM transformation, remediation and regulatory change programmes.Define risk appetites, control frameworks, policies, standards and key risk indicators.Regulatory and Supervisory ExpertiseAdvise clients on current and emerging regulatory requirements, including:PRA SS2/21FCA Operational ResilienceDORAEBA Outsourcing GuidelinesBasel operational risk expectationsSolvency II outsourcing requirementsCritical Third Party (CTP) regulationLead regulatory readiness assessments, remediation programmes and assurance reviews.Support interactions with regulators, internal audit and external assurance providers.Translate complex regulatory requirements into practical and sustainable controls.Operational Resilience and OutsourcingAssess third-party support of important business services and critical operations.Develop approaches to supplier resilience testing, substitution and exit planning.Lead scenario testing involving critical suppliers and outsourced service providers.Advise on resilience considerations associated with cloud services, technology providers and shared industry infrastructure.AI, Technology and Digital Supplier RiskDesign governance and risk management frameworks for AI-enabled suppliers and service providers.Conduct due diligence assessments of AI, Generative AI and machine learning vendors.Evaluate risks associated with:AI governance and accountabilityModel transparency and explainabilityBias and fairnessData privacy and sovereigntyIntellectual property exposureModel drift and emerging AI threatsAdvise on management of hyperscaler, SaaS, PaaS and IaaS provider risk.Executive Leadership and Client DevelopmentBuild trusted relationships with CROs, COOs, CIOs, CISOs, Heads of Procurement and regulators.Lead multi-disciplinary teams across complex engagements.Develop thought leadership and market propositions.Contribute to business development,
Third Party Risk Management (TPRM) Principal Consultant in Kennington employer: PA Consulting
At PA Consulting, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. As a Data Architect, you will have the opportunity to lead transformative projects in a hybrid working environment, allowing for flexibility while engaging with clients and colleagues. We are committed to your professional growth, offering continuous learning opportunities and the chance to work on cutting-edge AI-driven data solutions that make a real impact.
