Team and Role Overview
Third Party Risk Management (1LoD) within the Group Procurement function, is responsible for implementing the TPRM policy and operationalising the process to enable LSEG businesses to exercise robust management of risks associated with internal and external third party suppliers.
This role reports to the TPRM Officer Team Lead (Director) as part of the 1LoD Third Party Risk Management function within Group Procurement. The role of the TPRM Officer is new to LSEG and forms part of the continued transformation of the Group’s risk management strategy.
The successful candidate will form part of a small team of Third Party Risk Management Officers that will be aligned to the four core divisions of the Group: Capital Markets, Post Trade, Data & Analytics, and Corporate. Partnering with the senior management within the division (COO/CRO), the TPRM Officers will support divisions in developing tactical solutions to provide oversight and management of third party portfolio of risks, whilst meeting internal policy and external regulatory requirements. The TPRM Officers will also support the strategic transformation of the Group-wide Third Party Risk Management programme and delivery of the Future State. The role holder will work with their assigned division to identify quick wins as well as longer term initiatives, facilitating risk management of the strategic and systemic third party supplier risks as they exist today and working towards a best practice framework.Key
- Ensure that operational (and other non-financial) risks are identified, owned, measured, monitored, managed and reported in line with the Non-Financial Risk Framework in order that they can be managed within an acceptable appetite and in an efficient manner to enable informed decisions to be taken and to manage threats and exploit opportunities.
- Develop and maintain the Business Unit Third Party Risk strategy and appetite by supporting the division to identify, develop and implement risk mitigation plans and artefacts (e.g. policies, procedures, reporting and key risk indicators) in line with the TPRM Director to adequately manage the Business Unit Third Party risk profile within appetite.
- Identify opportunities to enhance risk models and policies, creates recommendations, supports the development and implementation of projects for their respective Business Unit
- Aggregate risk-related information in order to ensure Group Procurement and respective Business Unit awareness of current trends in risk exposure so that informed action can be taken.
- Measure, evaluate and report risk exposures including (where appropriate) monitoring the Business Unit Third Party Risk indicators
- Ensure up-to-date understanding of legislation and compliance requirements and external best practices for their respective Business Unit, as well as within respective Risk Domains
- Support and main point of contact for relationships with external stakeholders, including regulators and members for their Business Unit
- Coordinate and manage all internal queries related to Third Party Risk, supporting the respective Group Procurement Tower
- Work in partnership with the Supplier Relationship Management team to develop an appropriate Third Party Risk framework and governance for the strategic suppliers in scope
- Provide practical guidance to Group Procurement to manage Third Party Risk within the respective Business Unit during the RFP, negotiation and contract phase
- Support third party risk awareness and training of staff in an inclusive environment within Group Procurement and across the Group
If your knowledge, skills and experience is aligned to the below candidate profile, we'd love to hear from you - please be sure to highlight them all on your CV! We look forward to your application.Essential
- Strong operational or non-financial risk management experience within 1st or 2nd line of defence on the topic of third party risk management.
- Demonstrable track record in delivering results and using knowledge of third party risk management or similar operational risk management discipline.
- Familiar and comfortable with intermediate IT tools and Procurement systems, ability to provide management.
- information to assist sourcing and contract management process.
- Ability to build relationships, influence and act as an expert across the organisation up to Executive level.
- Strong communication and influencing skills (written and verbal).
- Ability to cut through complexity, be pragmatic and get things done.
- Team building and problem-solving mindset.
- Educated to degree level, or equivalent.
- Professional accreditation in risk
- Hands-on experience of core procurement processes, policies and systems in a global business
- Experience of procurement in a Financial Services Regulated Environment, Information Services Companies; FinTechs; Global, multi-country organisations preferred
- Knowledge of process and technology extending to Procure-to-Pay
At LSEG, we believe that creating a diverse and inclusive organisation is fundamental to the way we deliver on our promise of creating essential partnerships and open opportunities. Our open culture is central to how we deliver our purpose – driving financial stability, empowering economies and enabling customers to create sustainable growth – in everything we do.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 70 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. You will be part of a collaborative and creative culture where we encourage new ideas and are committed to sustainability across our global business. You will experience the critical role we have in helping to re-engineer the financial ecosystem to support and drive sustainable economic growth. Together, we are aiming to achieve this growth by accelerating the just transition to net zero, enabling growth of the green economy and creating inclusive economic opportunity.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
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London, United Kingdom
- Type: Full time