At a Glance
- Tasks: Support third-party risk management and ensure compliance with regulatory standards.
- Company: Join the Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Flexible benefits package, complimentary lunch, and retail discounts.
- Other info: Embrace a culture of continuous learning and personal development.
- Why this job: Make a real impact in risk management while growing your career in a dynamic environment.
- Qualifications: Degree in Business, Finance, or Risk Management; experience in Third Party Risk Management preferred.
The predicted salary is between 60000 - 80000 £ per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. Operations Business Risk and Controls (OBRC) is part of the department. It is responsible for managing third-party risk, strengthening operational resilience, and maintaining a robust risk and control framework across the business. As an Assistant Vice President – Third Party Risk Management, you will support the end‑to‑end Third‑Party Risk Management (TPRM) framework, ensuring that all external vendors, service providers, and outsourcing arrangements meet the Bank’s risk, compliance, and regulatory expectations. This is a full time permanent position.
Key responsibilities
- Drive inherent and residual risk assessments spanning operational, information security, data privacy, financial, and resilience domains, while reviewing and monitoring Third Party Risk Management risk appetite.
- Coordinate and challenge due‑diligence outputs, ensuring alignment with SS1/21 expectations for outsourcing and third‑party arrangements.
- Review contractual clauses to ensure compliance with SYSC 8 outsourcing requirements, including exit strategies, audit rights, and data‑handling provisions.
- Oversee periodic reviews, performance monitoring, and trigger‑based reassessments, ensuring alignment with Operational Resilience requirements.
- Track and escalate vendor‑related issues and incidents, ensuring remediation plans meet regulatory and internal standards.
- Ensure third‑party arrangements comply with SS1/21 (outsourcing and third‑party risk), SYSC 8 (outsourcing), and ICT risk and operational resilience.
- Provide expert guidance to business units on third‑party risks, regulatory expectations, and control requirements.
- Prepare MI, dashboards, and governance materials for senior management, risk committees, and regulatory reviews.
- Support continuous improvement of TPRM framework, processes, methodologies, and tooling.
- Ensure third‑party dependencies are integrated into impact tolerances, mapping, scenario testing, and resilience‑aligned planning.
- Coordinate cross‑team and departmental activities, supporting new projects and initiatives.
- Contribute to system testing and implementation, including preparing business requirements or enhancements.
Requirements
- Degree educated in Business, Finance, Risk Management or relevant subjects.
- Professional certifications such as CRVPM, CISM, CISSP, IRM are beneficial but not mandatory.
- Solid experience in Third Party Risk Management within the Financial Services industry, ideally Banking sector.
- Solid understanding of UK SS1/21, SYSC 8, and DORA would be highly beneficial.
- Extensive working knowledge of 1LoD operational risk practices.
- Solid understanding of third‑party risk, operational risk, outsourcing regulations, and supplier governance.
- Excellent communication and stakeholder management skills.
- Excellent analytical and problem‑solving skills.
- Proficient in MS Office (Word, Excel, PowerPoint, Visio).
Assistant Vice President - Third Party Risk Management in London employer: Placeholder Commercial Real Estate Platform
At Bank of China London Branch, we pride ourselves on being an exceptional employer that fosters a culture of inclusivity and continuous learning. With over 90 years of presence in the UK, we offer our employees comprehensive benefits, personalised development opportunities, and a supportive environment that encourages professional growth and personal wellbeing. Join us to be part of a diverse team where your contributions are valued and your career aspirations can flourish.
Contact Details:
Placeholder Commercial Real Estate Platform Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Third Party Risk Management in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at the Bank of China. A friendly chat can open doors and give you insider info on what they're really looking for.
✨Tip Number 2
Prepare for interviews by diving deep into the TPRM framework. Brush up on your knowledge of SS1/21 and SYSC 8 regulations. The more you know, the more confident you'll feel when discussing your expertise!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Use real-life examples from your experience in Third Party Risk Management to demonstrate how you've tackled challenges and added value in previous roles.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at the Bank of China.
We think you need these skills to ace Assistant Vice President - Third Party Risk Management in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President role. Highlight your experience in Third Party Risk Management and any relevant certifications. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Remember, we love seeing genuine enthusiasm for the position.
Showcase Your Analytical Skills:Since the role involves risk assessments and compliance, be sure to showcase your analytical and problem-solving skills in your application. We want to know how you've tackled challenges in the past and what tools you used!
Apply Through Our Website:Don't forget to apply through our website! It’s the best way to ensure your application gets into the right hands. Plus, it shows us that you're serious about joining our team at Bank of China.
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Know Your Risk Frameworks
Familiarise yourself with the Third-Party Risk Management (TPRM) framework and relevant regulations like SS1/21 and SYSC 8. Being able to discuss these frameworks confidently will show that you understand the compliance landscape and can navigate it effectively.
✨Prepare for Scenario Questions
Expect questions that ask you to assess risks or handle vendor-related issues. Prepare specific examples from your past experience where you've successfully managed third-party risks or resolved compliance challenges, as this will demonstrate your practical knowledge.
✨Showcase Your Analytical Skills
Highlight your analytical and problem-solving skills during the interview. Be ready to discuss how you've used data to inform decisions or improve processes in previous roles, especially in relation to operational resilience and risk assessments.
✨Engage with Stakeholders
Since excellent communication and stakeholder management skills are crucial for this role, prepare to discuss how you've effectively collaborated with different teams or departments. Share examples of how you've built relationships and communicated complex information clearly.
