At a Glance
- Tasks: Manage Third-Party Risk and provide expert oversight on risk controls.
- Company: Join Standard Life, a leader in retirement savings with over 200 years of experience.
- Benefits: Earn up to £70,000 plus bonuses, private medical cover, and 38 days annual leave.
- Other info: Inclusive culture that values diverse backgrounds and offers excellent career growth.
- Why this job: Make a real impact in risk management while enjoying flexible working options.
- Qualifications: Experience in Third-Party Risk and strong communication skills required.
The predicted salary is between 70000 - 70000 £ per year.
Location: Hybrid – this role could be based in either our Edinburgh, London or Birmingham offices, with time spent working weekly in both the office and at home. The amount of time working from the office is variable based on business need.
Flexible working: All roles are open to part‑time, job‑share and other types of flexibility. We will discuss what is important to you and balancing this with business requirements during the recruitment process.
Closing Date: 19th June
Salary and benefits: Up to £70,000, dependent upon experience, plus an indicative bonus range of 16‑32%, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.
Who are we? We’re Standard Life, a retirement specialist focused entirely on retirement savings and income. We champion the belief that everyone’s journey to and through retirement can be better, and for more than 200 years, we’ve been helping our customers plan and prepare for their financial futures.
The role Non‑Financial Risk is part of Group Risk and has a fantastic opportunity for a talented individual to join the team as a Supplier Risk Manager within the new IT, IS, Resilience and Supplier Risk Oversight Team. The role is to provide Second Line Subject Matter Expert (SME) advice, oversight and challenge on Line 1’s design and operation of the Third‑Party Management Risk related standards, risks and controls.
The role holder will, in addition to regular oversight of the Third‑Party Management Risk control environment, both lead and support the delivery of a rolling programme of Thematic and Risk based focused reviews, following a structured methodology. This will involve shaping the scope of reviews, preparing for and performing field work, validation of proposed findings and provision of insightful recommendations to Line 1 through clear written reporting.
Key Accountabilities
- Provide ongoing oversight and challenge to Line 1‑led Third‑Party Management Risk control management
- Analyse and interpret key risk indicators and risk and control reporting to help determine where Line 2 effort is best focused, and to develop formal Line 2 opinions on Third‑Party Management Risk matters
- Provide insight, oversight and challenge within assigned monthly Fora
- Lead Line 2‑led Third‑Party Management Risk Thematic/Risk Reviews throughout the full lifecycle, including Planning/Terms of Reference, Fieldwork, Findings Validation and Reporting stages
- Provide oversight and challenge on material Projects and Programmes
- Oversee Line 1 activity to ensure adherence to the Group’s Risk Management Framework, providing advice and guidance as required
- Support the broader team with assigned Line 2 activity relating to Information Technology, Information Security, AI, Operational Resilience and Third‑Party Management
- Develop and build relationships with Line 1 and Line 3 peers and senior stakeholders
What are we looking for?
Essential
- Proven experience managing Third‑Party Risk – including associated risk areas such as Operational Resilience, Information Technology and Information Security – in either a second or third‑line capacity, preferably within Financial Services.
- Strong stakeholder, relationship management and influencing skills. An accomplished communicator who is comfortable, respectful and calm during sometimes challenging situations where differences of risk opinion need to be clearly positioned and justified. Able to analyse situations in a timely manner, producing clear, insightful and succinct written reports.
Preferred
- Professional qualification in Risk Management, Supply Chain Risk Management, IT and IS audit or risk management e.g., from IRM, CISI organisations.
- Deep expertise in third‑party regulatory requirements and landscape, with demonstrated ability to interpret and apply within frameworks.
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome; applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Third Party and Operational Resilience Risk Manager in London employer: Standard Life (previously Phoenix Group)
At Standard Life, we pride ourselves on being an exceptional employer, offering a flexible hybrid working environment across our Edinburgh, London, and Birmingham offices. With a strong focus on employee well-being, we provide generous benefits including up to 38 days of annual leave, private medical cover, and opportunities for career growth, all while fostering a culture of curiosity, accountability, and high standards. Join us in making a meaningful impact on retirement savings and enjoy the unique advantages of working in a supportive and dynamic team.
Contact Details:
Standard Life (previously Phoenix Group) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Third Party and Operational Resilience Risk Manager in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Standard Life (previously Phoenix Group) looking for candidates who are engaged and informed.
We think you need these skills to ace Third Party and Operational Resilience Risk Manager in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Standard Life (previously Phoenix Group). Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Standard Life (previously Phoenix Group)
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Standard Life (previously Phoenix Group)’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
