Professional Services

Third Party Risk Management Consultant

Role: Third Party Risk Management Consultant
Salary: £60,000-£75,000
Location: City of London
Working Pattern: Hybrid

You will join a market leading Global Financial Services company who offer expertise in data science, change management and transformation for customers within the Financial Technology industry. This is an exciting opportunity to join a growing team who have amassed more than 700 clients worldwide.

Experience Required:
+ Previous experience of implementing Third Party Management frameworks in insurance or a financial service.
+ Experience working in multi-cultural environments (global BFSI enterprises or leading consulting firms).
+ Knowledge of evolving regulatory requirements in UK and Europe and key expectations of firms around critical outsourcing/third parties, operational resilience etc.
+ Experience of implementing, configuring and, operating Third Party Risk Management tools and platforms (Service Now, Coupa, 3GRC etc).
+ Experience of the end-to-end procurement/TPRM lifecycle.
+ Excellent MS office skills and general tech savviness.

Role Overview:
+ You will be supporting the design and operationalisation of a best in class outsourcing Third Party Risk Management function for insurance clients.
+ You will be developing and documenting Outsourcing and TPRM policy, procedures and standards covering the entire lifecycle from pre-onboarding to ongoing monitoring to exit management.
+ You will be developing questionnaires for effective assessment of inherent and residual risks along with clear scoring rationale for determining critical or material arrangements.
+ You will be identifying meaningful metrics across various risk/business areas and developing risk and performance dashboards.
+ You will be developing and maintaining the Outsourcing and Third-Party register, in alignment with regulatory requirements in UK and Europe (e.g., PRA, FCA).

The JM Group is operating and advertising as an Employment Agency for permanent positions and as an Employment Business for interim / contract / temporary positions. The JM Group is an Equal Opportunities employer and we encourage applicants from all backgrounds.