Head of Third Party Risk Management
Head of Third Party Risk Management
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Job Description
Shift Pattern:
Standard 40 Hour Week (United Kingdom)Scheduled Weekly Hours:
40Corporate Grade:
C Vice PresidentReporting Line:
(UK Division) CFAO OfficeLocation:
UKLondonWorker Type:
PermanentOverall Purpose of Role:
The Head of Third Party Risk Management (TPRM) will lead the newlycreated TPRM team building on the LMEs TPRM implementation programme that established new TPRM policy framework and processes. The TPRM team will be responsible for further embedding and establishing TPRM across the LME Groups operations.
The Head of TPRM will be responsible for the effective management and governance of third party risk across external and intragroup supplier engagements including outsourcing. You will play a critical role in overseeing and developing the Groups approach to all TPRMrelated activities.
You will have strong stakeholder management skills as you will be responsible for liaising with a wide range of stakeholders across many business lines. You will be required to produce and deliver reporting and analytics to Boards and management committees and to manage TPRMrelated queries from regulators compliance risk and internal auditors as appropriate.
You will work with other departments across the group including Risk Regulation & Compliance and Legal to continually improve procedures tools and controls to ensure compliance with regulatory standards and best practices for third party risk.
Responsibilities:
Direct line management responsibility for the TPRM team.
Reporting to and providing guidance on TPRM matters to relevant governance forums and management.
Ensuring compliance with relevant regulations industry standards and internal policies collaborating with key stakeholders to mitigate risks and manage crises related to thirdparty engagements.
Proactively monitoring relevant regulatory developments .
Maintaining and/or developing TPRM strategy in response to regulatory and business developments.
Maintaining a robust framework for third party risk assessment due diligence monitoring and ongoing oversight of thirdparty performance.
Supporting the continued implementation activities and operationalisation of new processes.
Overseeing relationships with key users of third party services (in particular LME Groups Technology department).
You will bring experience of leading a team responsible for changing and implementing new processes and controls and deep knowledge of the regulatory landscape as it relates to Third Party Risk Management.
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams we welcome the unique contributions that you can bring in terms of education ethnicity race sex gender identity expression and reassignment nation of origin age languages spoken colour religion disability sexual orientation and beliefs. In doing so we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
Required Experience:
Director
Employment Type
Full-Time
