Third Party & Outsourcing Risk Analyst

Position Purpose:

This role has responsibility to support Op. Risk Controls & Governance team in devising and implementing the UK Third Party and Outsourcing strategy, collaborating with stakeholders across geographies in managing Outsourcing and Third-Party risk, and ensuring compliance with regulatory and enterprise policies & guidelines.
Primary Responsibilities:

• In collaboration with enterprise subject matter experts (SMEs), Function leads and business owners, support both third party and outsourcing governance in line with regulatory guidance (such as AT9 MaRisk, EBA-Guidelines, DORA, PRA, FCA, ACPR) and governance policies;
• Support business owners in identifying outsourced relationships, risk assessments and compliance of the outsourcing and third-party governance and controls;
• Support key stakeholders in their outsourcing and third-party strategy;
• Ensure the outsourcing and third-party register is updated in a timely manner, aligned with regulatory requirements, with the appropriate contract and SLAs in place for each outsourcing arrangement;
• Escalate material issues and risks to key stakeholders;
• Develop, publish and present reports relating to outsourced and third-party activities, to key stakeholders and relevant risk committees;
• Project Management with different key stakeholders to remediate any gap and/or issue identified.

Education &/or Experience

• University degree (Bachelor degree) or equivalent;
• 1-5 years relevant work experience. Preferably in Third Party Risk Management, Outsourcing Management, Operational Risk, or Regulatory Compliance;
• Knowledge of Outsourcing regulatory requirements in UK, or strong understanding of related risk management principles is a plus
• Familiarity with regulatory landscape facing global banks. Ideally, experience in banking industry, consulting or regulator institutions

Competencies

• Effective communicator and facilitator, both verbally and in writing. Able to clearly define and communicate ideas, and calibrate the message depending on audience;
• Experience in analyzing and implementing regulatory requirements;
• Ability to operate in large and complex environments;
• Strong interpersonal skills to influence others to action;
• Self-driven, organized and pro-active in driving results;
• Risk management focused with strong attention to detail and delivery; including the ability to multi-task and identify methods for greater efficiency;
• Comfortable dealing with ambiguity and developing clear path forward;
• Comfortable in challenging others.

Technical

• Experienced with MS Office (PowerPoint, Word, Excel).

Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003