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Outsourcing and Third-Party Supplier Manager

  • London
  • Permanent
  • £75,000

Job details.

As a Third Party Vendor Manager, your primary responsibility is to oversee and monitor the goods, services, or activities provided by our third-party partners and any risk arising. Your role involves ensuring compliance with our outsourcing and third-party policies
Additionally, you will collaborate with Operational Resilience Working Group

Duties and Accountabilities:

  • To establish, manage and support the development, implementation and embedding of third-party vendor management policies and framework within the business
  • To manage relationships with key third-party vendors that are of particular importance to the implementation of the business strategy
  • Oversee and maintain a central register of third-party vendor arrangements
  • Support the implementation and testing of a new contract management tool
  • Support the onboarding processes of third parties, ensuring due diligence and necessary approvals
  • Conduct initial materiality assessments in consultation with relevant stakeholders
  • Review and collate supplier/materiality questionnaires
  • Design and implement monitoring and reporting processes for various groups and internal Committees
  • Prepare due diligence reports with recommendations for internal Committees
  • Complete required reporting on supplier performance and third-party risks.
  • Collaborate with Business Process Owners to produce Exit Plans.
  • Monitor third-party relationships, identify risks, and coordinate mitigation efforts
  • Support the Legal function in managing new and renewal contracts
  • Liaise with the Risk function to escalate and manage supplier risk-related issues.

Key Technical Skills, Knowledge, and Qualifications:

  • Experience in Third-Party Risk Management/Vendor Management/Procurement within Financial Services Operational Risk Management.
  • Understanding of Financial Services Industry requirements, particularly PRA requirements on outsourcing and third-party risk management (SS2/21).
  • Awareness of operational resilience industry standards and requirements.
  • Experience building effective relationships with internal stakeholders and clients.
  • If you are ready to make a significant impact in risk management and compliance, apply now and join us in shaping the future of financial services.


  1. General Insurance

Teri Mortier

Director - General Insurance

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