An exciting opportunity has arisen for a Vendor Risk Manager to join a prestigious foreign bank based in the heart of Central London. This is an office-based role offering a competitive salary and excellent benefits.
As a Vendor Risk Manager, you will report to the Operational Resilience and Business Continuity Manager. You'll be responsible for overseeing all third-party and supplier relationships, ensuring compliance with regulatory requirements, alignment with internal policies, and delivery of optimal value to the organisation.
You will be responsible for:
- Manage the assessment, selection, and onboarding process for third-party vendors and service providers.
- Carry out ongoing risk assessments and due diligence to mitigate risks across operational, financial, cybersecurity, and reputational areas.
- Ensure vendor compliance with relevant regulations and internal policies, including GDPR (UK DPA 2018) and ISO 27001 standards.
- Develop and track KPIs to monitor vendor performance and adherence to agreed service levels.
- Work closely with Legal and internal teams to negotiate and manage contracts, ensuring clear deliverables, timelines, and compliance expectations.
- Act as the main liaison between the organisation and its external suppliers.
- Maintain accurate and up-to-date records of vendor performance, risk evaluations, and compliance status.
- Deliver regular reports and analysis to senior leadership on supplier performance and associated risks.
- Drive continuous improvements in vendor governance processes to enhance oversight and operational efficiency.
What we are looking for:
- Previous experience as a Vendor Risk Manager, Third-Party Risk Manager, Supplier Relationship Manager, Vendor Manager, Procurement Manager, Supplier Risk Manager, Outsourcing Risk Manager or in a similar role within a regulated financial services environment.
- Knowledge of third-party risk management, regulatory compliance, and operational resilience frameworks.
- Familiarity with FCA and PRA requirements and best practices in vendor governance.
- Skilled in vendor management systems (VMS) and contract management tools.
- Strong analytical, negotiation, and interpersonal skills.
Apply now for this exceptional opportunity to work with a dynamic team and further enhance your career.
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