Third Party Risk Manager

Third Part Risk Manager

Contract: 6 – 12 Months

Day Rate: £650 - £750 per day (umbrella)

Location: London, Hybrid

I am currently seeking an experienced Third-Party Risk Manager for a leading organisation within the insurance sector on an initial 6–12 month contract.

This is an excellent opportunity for a third-party risk specialist to take ownership of the risk management framework, strengthen governance and oversight, and support regulatory compliance across UK-regulated insurance entities.

Key Responsibilities

Own and continuously improve the third-party risk management framework, policies and controls

Oversee the full third-party lifecycle, including due diligence, onboarding, ongoing monitoring, renewals and exits

Establish and lead third-party risk governance forums, providing clear reporting and escalation to senior leadership

Maintain accurate third-party registers and coordinate regulatory reporting requirements

Assess and challenge risks relating to outsourcing, operational resilience, cyber security, data protection and subcontracting

Monitor material supplier arrangements, concentration risks, control gaps and remediation activity

Collaborate with Risk, Compliance, Legal, Procurement, Information Security and business stakeholders

Support regulatory engagement, audit reviews and continuous improvement of the control environment 

Key

Requirements

Significant experience in third-party risk management, outsourcing risk, operational risk or supplier assurance

Experience within insurance or financial services

Strong working knowledge of PRA SS2/21, FCA SYSC outsourcing

requirements and operational resilience expectations

Proven experience managing third-party risk frameworks, governance processes and enterprise risk registers

Excellent stakeholder management, analytical and report-writing skills, with experience presenting to senior committees

The ability to provide constructive challenge and drive remediation across multiple business functions 

Package

6 – 12-month contract

London

Hybrid working – 3 days in the office, 2 days from home

£650 - £750 per day (umbrella)