Senior Third Party Risk Manager

Job title: Senior Third Party Risk Manager / Operational Resilience

Salary: £90,000 Neg + Banking benefits + bonus

Location: London - hybrid

The role

Established, medium-sized international bank in London is hiring a second-line leader to own its third-party management framework and operational resilience model. Reporting to the COO, with Board-level reporting and one direct report, you'll be accountable for governance, performance and risk across c.350 vendors (12 critical/high risk).

Third party management (core of the role)

• Own the end-to-end vendor lifecycle in Gatekeeper: due diligence, contracting, onboarding, monitoring, performance, exit and termination
• Maintain the register of third-party and outsourcing arrangements, including materiality and criticality ratings
• Deliver the material third-party register for the March 2027 regulatory deadline, then keep it accurate going forward
• Review contracts with Legal and Compliance for audit and access rights, data location, incident notification, subcontracting and termination provisions
• Set and monitor SLAs and KPIs, and test exit plans for outsourced services
• Chair the third-party and resilience governance committee and report to senior leadership and the Board
• Act as liaison to Group colleagues on third-party matters
• Line manage a third-party management and resilience analyst

Operational resilience and BCM

• Maintain the operational resilience framework and embed it into third-party processes
• Support business leaders on Important Business Services, mapping and scenario testing
• Oversee business continuity, including BIAs, continuity plans, crisis management and DR/recovery testing
• Lead or support crisis response when a critical supplier fails

Regulatory scope

PRA SS2/21, SS1/21 and SS4/21, FCA SYSC 8 and 15A, EBA outsourcing guidelines, UK Critical Third Parties regime, and DORA for EU operations.

About you

• 5+ years' third-party/vendor management in financial services or another regulated environment, with line management experience
• Strong grasp of regulatory requirements and the ability to adapt as they evolve
• Experience with change activity
• Clear written and verbal communication, including presenting to senior stakeholders
• Degree in Business, Finance, Risk or a related field (or equivalent experience)
• DR exposure is a bonus

This role is suited to an excellent communicator who would like to manage an established and well-run function as part of a stable team. If you have the relevant experience, please email me your CV.