Third Party Risk Management Lead

Primary Details

Time Type: Full time Worker Type: Employee

Third Party Risk Management Lead

Leeds or Remote-based

The Opportunity

QBE European Operations is looking to recruit a Third Party Risk Management Lead to join our Operational Risk Function within Operations.

This role will be key in providing EO’s assurance and oversight of its Third Party Risk Management framework, supporting teams managing third parties across our business to meet internal and external requirements, both regulatory and operational. 

Keen to drive continuous improvement in our approach, you will have an eye for detail but also have the ability to see the big picture to find solutions to managing this complex area of risk in ways that support the business in their delivery of strategic priorities. 

You will enjoy getting to know how our business operates and finding effective and pragmatic solutions to Risk Management.  You will provide an interface between business teams, Group Functions and Line 1 and 2 risk SMEs to help our people #DoTheRightThing.

Your new role

Support the Head of Outsourcing & Third Party Risk Management to maintain the Divisional Frameworks for Third Party Risk and outsourcing, to ensure that they remain compliant with relevant legislation (e.g., Solvency II and Lloyd’s Minimum Standards), Group requirements and operational needs.

Your responsibilities for this role may include, but are not limited to:

• Support oversight monitoring of in scope business areas in order to embed and maintain compliant and up-to-date procedures, practices, controls and documentation that support these frameworks;

• Support change projects in identifying and responding to impacts and hold project teams to account for ensuring change maintains adherence to the frameworks;               

• Promote best practice standards and facilitate problem solving through providing training, advice, guidance and assurance reviews;             

• Deliver annual deep-dive assurance planning and activity;

• Complete regulatory and policy gap analysis and translate into action plans;

• Monitor and report to senior leadership on the status of compliance for Third Party Risk and outsourcing; 

• Work with key stakeholders across our business to ensure our Third Party Risk is aligned to the Division’s operational risk appetite; 

• Support Operations in the development and delivery of its ESG strategy including the Net Zero Roadmap;

• Undertake other activities to support the wider functional goal to mitigate operational risk across the Division as opportunities arise.         

You will need to be able to display you have the following qualifications and experience:

• Able to communicate effectively, concisely and appropriately at all levels;

• Ability to build and maintain working business relationships at all levels;

• Excellent organizational and time management skills to achieve deadlines and work both independently and as part of a successful team;

• Ability to learn quickly and adapt in a complex environment;

• Ability to understand, respect and take account of the legitimate business drivers that influence stakeholder behaviour and priorities and understand the implications;

• Ability to bring shape to ambiguous or poorly defined situations;

• High quality accuracy and attention to detail;

• Proficient user of MS Office Suite, ideally including MS Visio & Business Objects (or similar)

Why QBE?

We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference.  In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce. 

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation(https://careers/flex-qbe/).  

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include; 

5-star Diversity, Equity and inclusion (DEI) awards, 2023 Winner - Insurance Business Canada  

Employer of the Year 2022Winner – Insurance Insider 

British Claims Awards 2022 Winner - InsurTech Award 

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year 

Working Families Best Practice Awards 2021 Finalist for:Best COVID-19 Response? 

Insurance Post British Insurance