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Insurance - Operational (3rd party) Risk Manager - Hybrid - to £60,000pa plus bens

Leysen Associates

Posted on Jan 13, 2022 by Leysen Associates

Not Specified, United Kingdom
Immediate Start
£60k - £60k Annual

The role is to support the Head of Third-Party Risk in resolving the identified inherent and residual risks of using third parties.

It includes the driving of best practice around third party monitoring and develop a cross business community to drive best practice.

The job holder will be responsible for operations risks, Internal Control/IFC compliance and internal audit issues/escalations. It is the role-holders accountability to identify and make recommendations for improvements to Operations policies, the full set of departmental controls and their testing, management of any operational risks, audit or other escalations and full compliance with relevant regulations.

Key Accountabilities

  1. Lead the development of an exit plan and testing framework and ensure it is maintained in line with regulation.

  2. Develop, document and update exit plans and work with the business to establish appropriate risk mitigation activities.

  3. Provide advice, guidance and training to the business on exit planning and testing and set best practice.

  4. Work closely with SMEs across the business such as Operational Resilience, Information Security and other adjacent risk areas to ensure workstreams are aligned and act on any feedback with regards to process improvements etc.

  5. Support the completion and review of third party risk assessments ensuring any risks are mitigated and/or the relevant approval is obtained.

  6. Develop, document and maintain a third party assurance framework and conduct assurance reviews of third parties to ensure the third party has adequate controls in place and to assist with the identification of any process weaknesses.

  7. Provide support on various strategic outsourcing related projects and run and/or attend outsourcing and third-party risk workshops to enhance the risk culture across the business and encourage the sharing of best practice.

  8. Lead the analysis of any new regulation and audits or audit requests associated with outsourcing and third-party management.

Reference: 1460879393

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