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- Tasks: Support third party risk management projects and ensure compliance with industry standards.
- Company: Join SMBC Group, a trusted partner in corporate finance and investment banking.
- Benefits: Enjoy hybrid working, competitive leave, and comprehensive health support.
- Why this job: Make a real impact on sustainable practices while growing your career.
- Qualifications: Experience in risk management and strong collaboration skills are essential.
- Other info: Be part of a diverse team that values your contributions and promotes work-life balance.
The predicted salary is between 43200 - 72000 £ per year.
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Role Summary
The Third Party Risk Specialist role will support 1LOD third party risk management project activities across EMEA, with a focus on IT third party arrangements. The Third Party Risk Specialist plays a critical role in the success of SMBC EMEA, consisting of 12 entities, 9 branches and 5 rep offices. This role, which sits within 1LOD Third Party Risk Management will support the ongoing risk management of third parties relied upon by all departments across SMBC EMEA and aligns operational delivery to current industry standards and regulatory expectations and ensuring any required change remediation is designed and implemented appropriately.
Business Area
The remit of the Operations Planning Department (OPPD) spans all of SMBC EMEA (all entities and countries, all business units and supporting functions) and includes the following groups:
- Transformation & Strategy Planning Group: Responsible for the Transformation Strategy, design of the Target State for SMBC EMEA and prioritisation of the transformation budget.
- Change Management Group: Responsible for programme and project design and delivery, change methodology and toolset and providing Project Management and Business Analyst resources to staff programmes and projects.
- Service Management Group: This includes Business Service Management (responsible for the Service Management Methodology and supporting Business Service Owners in their roles overseeing the end-to-end delivery of business services), Business Continuity Management and Corporate Real Estate Services.
- Third Party Management (TPM): Responsible for the management of third-party providers (both internal and external) and managing 1LOD third party risk.
- Data Management Group: Responsible for the Data Strategy, design of the Data Architecture and supporting delivery of data solutions.
The Third-Party Management team are responsible for Third Party Risk Management and Procurement activities as a 1 Line of defence function (1LOD).
Position Description
- Support monthly third party governance through the preparation and co-ordination of meeting materials and outputs.
- Manage the alignment of third party governance with wider operational governance across SMBC EMEA.
- Partner with legal entities and functions to support local governance committees with regard to third party management.
- Completion of data issues with respect to third party register.
- Design and implementation of third-party controls and reporting.
- Facilitate the transition of change delivery into the ITSD operational teams.
- Advise in response to regulatory interactions and in the remediation where required of third party related incidents.
- Perform first line assurance activities.
- Support the delivery of key third party management projects, including but not limited to input into project planning, impact analysis, option evaluation, design documentation, testing materials, and supporting guidance to enhance current operational delivery.
- Track new and emerging third-party regulation, determine impact and develop appropriate remediation.
- Support 2LOD groups in performance or reviews and assurance activities, including tracking of remediation and action points.
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-being and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members' perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working.
- Competitive paid leave days.
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance.
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services.
- Access a wide range of learning and development opportunities and career progression opportunities.
- Ambitious remuneration package.
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!
Third Party Risk Specialist - AVP in City of London employer: SMBC Group
Contact Detail:
SMBC Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Specialist - AVP in City of London
✨Tip Number 1
Network like a pro! Reach out to current employees at SMBC through LinkedIn or industry events. A friendly chat can give you insider info and maybe even a referral!
✨Tip Number 2
Prepare for the interview by researching the latest trends in third party risk management. Show us you’re not just interested in the role, but that you’re passionate about making a difference in the industry.
✨Tip Number 3
Practice your STAR technique for answering behavioural questions. We want to hear about your past experiences and how they’ve shaped you into the perfect fit for our team.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can keep you fresh in our minds and show us you’re genuinely interested in joining the SMBC family.
We think you need these skills to ace Third Party Risk Specialist - AVP in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Third Party Risk Specialist role. Highlight your relevant experience and skills that align with the job description, especially in third party risk management and governance.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your ability to manage third party risks and support governance activities effectively.
Be Clear and Concise: Keep your application clear and to the point. Avoid jargon and ensure your writing is easy to read. This will help us quickly see how you fit into our team and the role.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to the right people and shows your enthusiasm for joining our team at SMBC.
How to prepare for a job interview at SMBC Group
✨Know Your Third Party Risk Management
Make sure you brush up on the fundamentals of third party risk management, especially in the context of IT arrangements. Familiarise yourself with current industry standards and regulatory expectations, as this will show your potential employer that you're serious about the role.
✨Prepare for Governance Discussions
Since the role involves supporting monthly third party governance, be ready to discuss how you would prepare and coordinate meeting materials. Think about examples from your past experiences where you've successfully managed similar tasks.
✨Showcase Your Project Management Skills
The job requires involvement in key third party management projects. Be prepared to talk about your project planning and impact analysis skills. Bring specific examples of projects you've worked on, highlighting your role and the outcomes.
✨Emphasise Your Adaptability
With the ever-changing landscape of third-party regulations, it's crucial to demonstrate your ability to track new regulations and adapt accordingly. Share instances where you've had to pivot quickly in response to regulatory changes or incidents.
