Vice President - Third Party Risk Specialist - BFSI

- Resilience Risk (RR) Specialists provide expert advice covering specific Resilience Risk lens to ensure high quality advice, expertise and guidance is available across all of the risk types of technology (including cyber) risk; data and information security risk; third party risk; contingency risk; contingency risk; building unavailability risk; workplace safety risk; payments and transaction processing risk.

- The Global Third Party Risk (TPR) Specialist team works directly with the Group TPR Steward in ORR to ensure that understands, and is in control of its Third Party Risk. Third Party Risk arises when we choose to involve any third party (internal or external) in our business, and is increasingly an area of focus for our Executive and Regulators.

Working with the Global TPR Specialist lead(s), the job holder will be responsible for supporting and delivering the following minimum outcomes:

- Provide technical advice and support globally to ensure stakeholders understand and are aware of the control environment and assessment of Third Party risk commensurate with the scale and nature of operations.

- Ensure the Global TPR policy and guidance is kept up to date from a regulatory and ORR perspective and provide support in the completion of ORR and regulatory reporting obligations.

- Provide ORR and 1LOD Business & Functions teams to ensure risk and control owners have clear understanding of the effectiveness of the current control environment

- Monitor the external and regulatory environment to get early sight of emerging Third Party risks and regulatory changes and evaluate if any changes are required to TPR policy and/controls.

- Deliver tailored and specific expertise on Third Party risk enabling 1LOD to successfully deploy and operate mitigating key controls and change within their business. Ensure any concerns with key controls and material change programmes, relevant to Third party risk, are understood and escalated as needed

- Support in audit engagement pertaining to Third Party risk to ensure timely completion of audit actions and findings

- Attendance at ORR governance forums and 1LOD change and TPR forums, where required.

- The role holder may attend Non-financial risk governance forums and 1LOD Global change and TPR governance forums as delegated, providing robust and timely Third Party Risk Specialist challenge of the First Line of Defence (1LOD) view of the resilience risk profile as required.

- The role holder should have strong subject matter expertise of Third Party Risk, requiring frequent interaction with senior management stakeholders across Regional, GB/GF teams. Scope will include:

- Providing issues, event and incident oversight, including specialist oversight of technical controls

- Supporting regional, country and global ORR Managers with all third party risk related queries

- Providing advice, guidance and challenge to senior businesses, functions and entity management, ensuring robust opinion is provided through global governance

- Provide support in ensuring the Global TPR policy and guidance is kept up to date from a regulatory and ORR perspective to enable the 1LOD to effectively monitor, manage and govern Third Party Risk within risk appetite.

- Provide support in the completion of ORR and regulatory reporting obligations (e.g. RAS, top & emerging risks, risk profile reporting, Opinion papers where relevant, etc.)

- Engaging with risk owners, control owners and risk stewards to ensure third party risks are managed in accordance to policy

- Overseeing compliance, for example, through the Risk and Control Assessment process, Top Risk Assessments and Incident Management process

- Engaging with their external network and counterparts to ensure that remains abreast of market / regulatory developments and leading amongst peers in our approach to Third Party Risk.

Leadership & Teamwork:

- Challenge and influence to ensure Third Party Risk (TPR) specialist advice and guidance is understood and followed

- Work in conjunction with ORR Business & Functions team and the wider RR Specialist team covering TPR

- Support diversity and reflect the brand and organisational values.

- Engage and influence regional and ORR sub functional teams to support delivery of the specialist team priorities and plans

- Responsible for supporting the Risk Stewards with internal and external events, providing insight and learnings relevant to controls

- Working with the TPR community generate enhanced interlock between global policies, metrics, governance inputs and read across.

- Support specialist lead with TPR's assurance approach and analyse outcomes as part of data driven risk management

Functional Knowledge:

- Provide specialist actionable and contextual guidance across Third Party risks, enabling business growth whilst maintaining related risks within appetite

- Broad understanding of risk disciplines and the development and deployment of associated governance

- Proven experience of a relevant control environment such as audit or compliance desirable

- Problem solving and analytical in applying Risk Management in context

- Good understanding of operational risk and third party risk management

- Adapting quickly to changing situations and influence strategies with practical, effective commercial solutions through a comprehensive assessment if the non-financial risks are perceived to exceed appetite

- Ability to undertake thematic analysis in collaboration with the TPR community to evaluate changes in the risk landscape, trends & event based triggers, identification of trends/themes to support 1LOD challenge.