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Third-Party Risk Manager - Financial Services
Robert Half is supporting their client, a leading consultancy, in their search for a Third-Party Risk Manager with experience in operationalising third-party risk management frameworks. This role will continue the implementation of a recently agreed Third-Party Risk Management Policy Framework and support the business in ensuring compliance with UK, MAS, and DORA regulations.
Contract Assignment Details:
- Location: London (Hybrid Working - 2-3 days per week)
- Duration: Initial 3-6 months (with potential extension)
- Day Rate: £700 via PAYE (employer's NI & tax deducted at source - no umbrella company fees)
- Start Date: Immediate start subject to onboarding
Key Responsibilities: The Third-Party Risk Manager will work closely with the business to operationalise the Third-Party Risk Management Policy Framework and support its implementation across procurement and supplier management processes. Key responsibilities include:
- Procurement Support: Conduct risk assessments and due diligence for new third parties as part of the onboarding process.
- Contract Remediation: Support third-party relationship managers and Legal in reviewing and updating contracts to ensure appropriate provisions are in place.
- Training Delivery: Design and deliver training on procurement and supplier management processes to ensure alignment with the new framework.
- Supplier Management: Develop a service review template and implement it through training for Tier 1 and Tier 2 suppliers.
- KRI Implementation: Recommend and implement key risk indicators (KRIs) for monthly reporting.
- Third-Party Register: Continue populating the central third-party register, prioritising ICT suppliers to meet DORA requirements.
Requirements:
- Strong understanding of UK, MAS, and DORA regulations.
- Proven experience implementing and embedding third-party risk management frameworks.
- Hands-on experience in first-line operations, particularly in procurement and supplier management.
- Ability to provide training and guidance to business teams.
- Proven track record of developing and implementing KRIs.
Important Note: Associates will undergo comprehensive financial and criminal background checks, which may take up to two weeks to complete.
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