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Vendor Risk Officer

TLP Consultancy Ltd
Bromley, South East London, United Kingdom
Competitive Salary
Closing date
Jan 15, 2022

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Job Role
Risk Manager
Contract Type
Full Time
Level of qualification
Newly qualified, Qualified, CIMA
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My client is a leading purchaser of non performing loans from reputable financial institutions who works with their customers to assist them in resolving and delivering solutions in an affordable way operating within a highly focused and ethical code of conduct.

The purpose of this role is to assist management in certain aspects of on-boarding material vendors across the company's European operations, which includes supporting multiple departments and business lines to meet the required standards and ensuring risks are comprehensively assessed and managed. the successful candidate will also be responsible for providing an ongoing oversight of vendors, working to a planned risk assessment program and conducting on-site audit visits where appropriate.

Your duties and responsibilities would include
Processing intake forms from the business line vendor relationship owners (VRO) based on operational risk to the business.
Work independently with vendors in the due diligence process, ensuring all required documentation is received, reviewed and assessed in accordance with established department
standards and within allotted time frames.
Compile vendor risk assessment reports for each vendor, highlighting any deficiencies identified during the due diligence process.
Conduct vendor risk assessment.
Draft recommendations and regulatory findings for management.
Partner with local compliance teams to conduct risk assessments and communicate with the VRO.
Identify any required vendor remediation in collaboration with the VRO.
Ensure compliance and regulatory requirements for third party oversight are in accordance with seller, local and European requirements.

Your background and experience will include:
2+ years of experience (or equivalent) in any of the following areas - vendor risk assessment, bank auditing or QA testing.
Excellent analytical skills using tools such as Microsoft Excel.
Excellent presentation, written and verbal communication skills.
Proficient in organization, planning and project management.
Ability to work in a fast paced environment where timeliness, multi-tasking, attention to detail and organisation is key.
Ability to work independently as well as in a team.
Ability to read and comprehend laws, regulations and other legal documents.
Experience writing policies and procedures for processes associated with on-boarding and
oversight, including form development and process flows preferred.

Interested? Please forward a copy of your latest CV with an indication of availability, your salary expectations and outlining your relevant experience - a full spec and more details on the client is available.

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