Third Party Risk and Supplier Relationship Manager

London Source: WhatJobs

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Overview

In this role, you will lead PIC’s Third-Party Risk Management programme to identify, assess, mitigate, and monitor third-party risks in a regulated environment. You will partner with cross-functional teams to align supplier risk with strategic objectives while protecting assets, reputation, and stakeholders. The role involves building robust controls, delivering insights to senior stakeholders, and driving continuous improvement in risk management. You will shape the TPRM framework, leverage data for decision-making, and contribute to operational resilience in a regulated setting.

Pay / Benefits

private medical insurance
28 days' annual leave (excluding bank holidays)
generous pension scheme
travel insurance
Critical Illness cover
Life Assurance

Responsibilities

Lead the third-party risk lifecycle from onboarding to assessments and offboarding
Implement risk controls and mitigation strategies across suppliers
Monitor supplier performance and overall risk exposure
Deliver reporting and insights to senior stakeholders and governance bodies
Communicate risks clearly and proactively to relevant teams
Manage supplier relationships, KPIs, and SLAs including issue resolution
Oversee supplier issues, disputes, and exits with appropriate governance
Ensure regulatory compliance and drive continuous improvement of TPRM processes
Utilise data to enhance reporting and decision-making for risk oversight
Maintain ongoing professional development in risk management practices

Key requirements

End-to-end expertise in the TPRM lifecycle
Experience in supplier risk, performance, and relationship management
Hands-on due diligence, assurance, and ongoing monitoring
Proficiency in TPRM / GRC systems (e.g. ServiceNow, Prevalent)
Strong data, reporting, and Power BI (or similar) capability for risk oversight and decision-making
Knowledge of AI and its application within TPRM
Translate regulatory requirements into practical controls, frameworks, and SOPs
Conduct robust risk assessments and supplier assurance (e.g. ISO, SOC reviews)
Manage supplier performance and relationships, including KPIs/KRIs and governance