At a Glance
- Tasks: Assess and manage risks from third-party suppliers while ensuring compliance with regulations.
- Company: Join the Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy flexible benefits, complimentary lunch, and retail discounts.
- Other info: Continuous learning opportunities and a commitment to diversity and inclusion.
- Why this job: Make a real impact in risk management and enhance your career in a dynamic environment.
- Qualifications: Degree in Finance or Business and experience in Financial Services required.
The predicted salary is between 50000 - 60000 € per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes Business Risk & Controls, Financial Crime Operations and Facilities Management. As a Senior Officer - Third Party Risk, you will be responsible for supporting the Third Party Risk Management (TRPM) framework by assessing, monitoring and managing risks associated with external suppliers and service providers. You will conduct detailed risk assessments, maintain oversight of critical and important third-party relationships and ensure compliance with FCA/PRA outsourcing and operational resilience requirements. This is a full time permanent position.
Key responsibilities
- Conduct initial and ongoing risk assessments of third-party vendors across domains including cyber, financial, operational and compliance risk
- Support supplier onboarding and due diligence, ensuring alignment with internal policies and regulatory requirements
- Maintain and update the third-party inventory, ensuring accurate classification of critical and important suppliers
- Monitor vendor performance and risk exposure through periodic reviews, assessments, and control testing
- Collaborate with Procurement, Legal, Information Security and Business Units to ensure consistent application of the TPRM framework
- Track and report on remediation activities for identified third-party risks and control gaps
- Prepare Management Information (MI), dashboards and reporting for senior stakeholders, regulators and auditors
- Keep abreast of regulatory developments and industry best practices related to third-party risk and operational resilience
- Contribute to the enhancement of TPRM policies, procedures, tools and training materials
- Support relevant testing and implementation, prepare business requirements for new system
Requirements
- Degree educated in Finance, Accounting or Business
- Experience within the Financial Services industry and proven track record in similar business stream
- Relevant professional qualification is a plus
- Knowledge of risk assessment methodologies and familiarity with Governance, Risk, and Compliance (GRC) platforms
- Good understanding of UK regulatory requirements especially FCA/PRA guidelines on outsourcing and operational resilience
- Good MS Excel skills
- Team player
- Analytical mind set with attention to detail
- Excellent communication skills
Senior Officer - Third Party Risk 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, including flexible options tailored to individual needs, and a commitment to professional development through access to top-tier qualifications and personalised growth opportunities. Join us to be part of a diverse team where your contributions are valued, and you can thrive both personally and professionally in a dynamic financial services environment.
Contact Detail:
Placeholder Commercial Real Estate Platform Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Officer - Third Party Risk in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect 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 values and how they align with your own. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your relevant experience in risk management.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can leave a lasting impression and show your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Senior Officer - Third Party Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Officer - Third Party Risk role. Highlight your experience in risk assessment and compliance, and don’t forget to mention any relevant qualifications. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about third-party risk management and how your skills can benefit us. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role requires an analytical mindset, make sure to include examples of how you've used your analytical skills in past roles. Whether it's conducting risk assessments or monitoring vendor performance, we want to see your thought process!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Know Your Risk Assessment Methodologies
Make sure you brush up on various risk assessment methodologies before the interview. Being able to discuss how you would apply these methods to assess third-party vendors will show that you’re not just familiar with the concepts, but that you can also implement them effectively.
✨Familiarise Yourself with FCA/PRA Guidelines
Since this role involves compliance with FCA/PRA outsourcing and operational resilience requirements, it’s crucial to have a solid understanding of these regulations. Prepare specific examples of how you’ve navigated similar regulatory frameworks in your past roles.
✨Showcase Your Analytical Skills
As a Senior Officer, you'll need an analytical mindset with attention to detail. Be ready to discuss past experiences where your analytical skills made a difference, especially in monitoring vendor performance or managing risks.
✨Prepare for Collaboration Questions
This role requires collaboration with various departments like Procurement and Legal. Think of examples where you successfully worked with cross-functional teams, and be prepared to explain how you ensured consistent application of risk management frameworks.
