Third Party Risk Management Lead - Financial Services
14 hours ago
City of London
At M&G our purpose is to give everyone real confidence to put their money to work. As an international savings and investments business with roots stretching back more than 170 years, we offer a range of financial products and services through Asset Management, Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients, and superior shareholder returns. Through our behaviours of telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent. AMS is a global workforce solutions partner committed to creating inclusive, dynamic, and future-ready workplaces. We help organisations adapt, grow, and thrive in an ever-evolving world by building, shaping, and optimising diverse talent strategies. We partner with M&G to support their contingent recruitment processes. Acting as an extension of their recruitment teams, we connect them with skilled interim and temporary professionals, fostering workplaces where everyone can contribute and succeed. On behalf of M&G, AMS are looking for a Third Party Risk Management Lead based in London, United Kingdom. Please note this will be a hybrid working model with 2 days per week in the office. We will consider flexible working arrangements for any of our roles and also offer workplace accommodations to ensure you have what you need to effectively deliver in your role. Job Description - The Role The Third Party Risk Management Lead role is part of a newly established team in Finance, where you will play a leading role in developing and implementing the overall framework for Third Party Risk Management & Outsourcing (TPRMO) within the Finance function at M&G. This is an exciting opportunity for an enthusiastic individual with experience in implementing third party risk management frameworks to deliver measurable impact in a key area of our risk and control framework. The individual will drive the delivery of the TPRMO programme to establish and embed a robust framework within the Finance function. Key Responsibilities: Framework Ownership: Develop and embed the TPRMO framework for Finance, ensuring compliance with the firm-wide TPRMO Policy and governance standards. Regulatory Compliance: Ensure adherence to relevant regulations. Risk Oversight: Direct risk assessments for critical third-party arrangements, including due diligence, control testing, and remediation plans. Oversight Controls: Establish and maintain oversight controls, including: exit plan reviews, service inventory reviews, SOC report reviews, ongoing performance and service reviews. Reporting & Metrics: Establish and deliver risk dashboards, KRIs/KPIs, and senior stakeholder reporting on third-party risk posture. Stakeholder Engagement: Act as a subject matter expert, advising senior leadership and business SMEs on third-party risk issues, and working closely with key business areas including procurement, legal, compliance, and information security teams to mitigate risks. Ongoing Monitoring and Incident Support: Monitor and analyse supplier performance trends, escalating recurring issues and supporting deep dives where needed, and assist in managing third-party incidents and remediation activities. Represent Finance in in relevant Third Party Risk governance forums and committees, providing updates and insights as required. Training and Guidance: Develop and deliver appropriate training and guidance to Finance teams as required to support ongoing compliance with the TPRMO Policy. Key Skills & Competencies: Highly motivated, organised and proactive - committed to achieving exceptional results. Strong leadership and stakeholder management; ability to influence at senior levels. Clear and confident communication skills, with the ability to articulate complex issues to various audiences. Excellent written communication and ability to document reporting to senior stakeholders including Executive and Board level reporting. Experience: Extensive experience in risk management, with experience in TPRM within Banking or Financial Services. Experience of rolling-out a TPRM framework preferred. Technical Knowledge: Familiarity with TPRM frameworks, regulatory standards, and vendor risk tools. Experience of managing stakeholders across a range of business areas. Certifications: CTPRP, CISA, CISSP, or equivalent preferred. Next steps We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks. TPBN1_UKTJ