Vice President – Third Party Risk Management and Outsourcing

Santander Consumer USA Inc.; Greater London; Hybrid; GBP 125,000 - GBP 150,000; Full time

Job summary

A leading banking institution in London is seeking a VP for Third Party Risk Management and Outsourcing. The role involves enhancing the TPRM program, collaborating on vendor management, and reporting service performance metrics. Ideal candidates should have experience in investment banking, a solid understanding of UK regulatory requirements, and strong interpersonal skills. Benefits include a competitive salary, performance-related bonus, and generous holiday allowance.

Benefits

Discretionary performance-related annual bonus

Company pension contribution

30 days’ holiday plus bank holidays

Private medical insurance

Income protection insurance

Qualifications

• Previous experience of working in a TPRM role within an Investment Banking environment.
• In-depth understanding of UK regulatory and EBA Outsourcing requirements.
• Experience of performing comprehensive risk assessments for third-party relationships.

Responsibilities

• Managing the review and enhancement of the TPRM program.
• Leading benchmark review and implementation of actions for the TPRM program.
• Designing and developing Outsourcing metrics and reporting.

Skills

Vendor onboarding

Regulatory compliance

Risk assessment

Interpersonal skills

Education

Degree in Third Party Risk Management, Outsourcing, or Procurement

Job description

VP – Third Party Risk Management and Outsourcing | SCIBCountry: United Kingdom**Join our community.**Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.The Third-Party Management (TPRM) function comprises of the TPRM & Outsourcing Governance function, and the Vendor Management functions. Both are responsible for ensuring the implementation of an effective end to end Third Party Management Model to support the engagement of Third Parties and Outsourced service providers in line with Corporate Framework and UK regulatory expectationsIn this challenging role, you’ll support the Head of TPRM in executing the risk management framework, and lead on the management and reporting of the due diligence activities covering the 3rd party lifecycle line within the wider Target Operating Model.If you’ve performed a similar role previously, this could be the perfect opportunity to develop your career.**The difference you’ll make:*** Managing the review and enhancement of the TPRM program to meet the UK Operational Resilience requirement and EU DORA act* Leading benchmark review and implementation of actions to enhance the TPRM program* Collaborating with Global colleagues to optimise vendor risk management processes* Mentoring and supporting a cross functional team* Designing and developing Outsourcing metrics and reporting* Assisting in the maintenance of Outsourcing Registers and Third-Party Inventories* Leading the monitoring and reporting of related service performance metrics to relevant forums* Managing vendor-related issues and escalations to resolution* Developing and validating Exit Strategies for Material services**What you’ll bring:**These are the essential requirements you need to be successful in this role:* Previous experience of working in a TPRM role within an Investment Banking environment* In-depth understanding of UK regulatory and EBA Outsourcing requirements for Third Parties, specifically as relates to vendor onboarding, contracting and sourcing activities* Experience of performing comprehensive risk assessments and due diligence for third-party relationships and outsourcing activities* Track record of developing regular outsourcing risk reporting and MI including self-identified issues, KRIs and incident reporting* Well-developed communication and interpersonal skills; the ability to communicate and help non-experts understand applicable requirements**It would also be nice for you to have:*** Previous experience in a procurement or vendor management role* Experience of building third-party risk management programs in compliance with regulatory frameworks in the EU and/or UK* Educated to Degree level or equivalent in a relevant subject such as Third Party Risk Management, Outsourcing, Procurement**What else you need to know:**This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 3 days a week (pro-rata for part-time roles).**Inclusion**At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair. **How we’ll reward you.**As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.* Eligible for a discretionary performance-related annual bonus.* We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.* 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.* Company funded individual private medical insurance.* Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.* Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.* Share in Santander’s success by saving or investing in our share plans.**What to do next:-**If this sounds like a role you’re interested in, then please apply.