About the job
As a pivotal member of the Third Party Management team, you will spearhead the oversight, development, and ongoing refinement of the Group's Third Party Risk Management Framework. This role is essential in ensuring that our policies, standards, and governance align with regulatory requirements while promoting effective risk management across all operational jurisdictions. You will provide support to both the Head of Controls and the Head of Third Party Management in fulfilling their responsibilities.
Framework and Policy Leadership
- Drive the creation, maintenance, and enhancement of the Third-Party Risk Management framework, policies, and standards.
- Ensure the framework is consistent with regulatory expectations and best practices, including those set by the Central Bank of Ireland and the Cayman Islands Monetary Authority.
- Maintain relevant procedures, guidance documents, and control standards to ensure consistent application across the Group.
- Oversee regular reviews, updates, and approvals of policies through suitable governance channels.
Regulatory Compliance and Oversight
- Track regulatory changes related to outsourcing and third-party risk management in relevant jurisdictions.
- Evaluate the implications of new or revised regulations and coordinate their implementation within the Group.
- Offer expertise on regulatory obligations concerning outsourcing, third-party risk, and operational resilience.
- Assist during regulatory inspections, supervisory reviews, and internal audits by managing responses and providing necessary documentation.
Governance and Reporting
- Establish and uphold governance structures that support oversight of third-party and outsourcing risks.
- Prepare and deliver timely and precise management information and reports for senior management, risk committees, and boards.
- Ensure the accurate and complete maintenance of regulatory documents, including outsourcing registers and critical service inventories as needed.
Oversight and Quality Assurance
- Provide independent oversight and constructive challenge of third-party risk assessments and due diligence conducted by operational teams.
- Conduct quality assurance reviews to verify compliance with established frameworks and internal standards.
- Identify systemic issues or control deficiencies and coordinate remedial activities.
Stakeholder Engagement
- Serve as a primary contact for internal stakeholders including Risk, Compliance, Legal, Sourcing, Technology, and Business Units.
- Offer guidance and training to stakeholders on third-party risk management policies and procedures.
- Foster awareness of outsourcing and third-party risk management across the organization.
