Third Party Risk Senior Manager

Business Unit: Risk Management
Salary range: circa £74,400 - £93,000 DOE + red-hot benefits
Location: UK Flexible, Remote with occasional travel to Glasgow or Gosforth Hub.
Contract Type: Permanent
Live for the weekday. Live a life more Virgin.
Our Team
The Operational Risk Team covers a wide range of risk disciplines. We work collaboratively to achieve the best outcomes for our Customers and the Business.
We proactively drive Risk best practice and continually review our ways of working to achieve optimum results.
What you'll be doing

• Reporting to the Board and Leadership Team to ensure understanding of the key Third Party risks and setting the mitigation strategies to reduce risk exposure.
• Directing the design and delivery and ultimate agreement of an effective 2nd Line Third Party Risk Framework, and the associated policy statements and policy standards covering the Virgin Money or Non-Financial Risk universe.
• Leading the creation and oversight of the Third-Party risk monitoring and assurance plan, ensuring delivery of team activities in line with methodology and standards and within timescales.
• Driving the design and development of Risk Appetite and Risk Appetite Statements relating to Third Party.
• Providing expert opinion and direction, guidance, and support, both written and verbally, in the oversight and independent challenge of the 1st line of defence teams to ensure relevant risks are identified, documented, measured, monitored, and mitigated in line with the Third-Party Risk Framework.
• Giving clear direction and purpose about Third Party risk management to the organisation alongside mentoring and supporting managers within the bank to execute their own responsibilities.
• Getting involved in Risk based assessment of tooling choices in Third Party related disciplines across the Bank.
• Influencing through established credibility and strong relationships with 1st and 3rd line peers and senior management. Being seen as the go to party regarding advice on embedding principles of risk management in the relevant risk areas into processes and systems and training materials
• Keeping up to speed with advances in Third Party Management and regulations and standards.

We need you to have

• A Risk related or Supply chain business related professional qualification or relevant experience.
• Significant experience in Third Party (risk) management within Financial Services.
• Excellent advisory, negotiating and influencing skills; able to effectively change the views of others to achieve risk objectives.
• Highly developed stakeholder management expertise, in particular communicating at senior management and executive level.
• Knowledge and experience in Third Party related fields of expertise (e.g. technology, cyber or Business resiliency).
• Knowledge and experience with redesigning processes, quality management, Six Sigma techniques and Agile methodology.
• Strong leadership skills and experience in building, leading and managing high performing functional teams.
• Extensive audit and assurance experience.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more
• Up to five extra paid well-being days per year
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market-leading pension
• Free private medical cover, income protection and life assurance
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)

And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we're lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We're making great strides towards achieving our ambition of becoming the UK's best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, 'Making You Happier About Money', underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We're committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks - we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.
Advertised:19 Mar 2024 GMT Standard Time
Applications close:02 Apr 2024 GMT Daylight Time