Associate, Third-Party Risk Management and Outsourcing | SCIB

Country: United Kingdom

Join our community.

Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.

The Third-Party Management (TPRM) function comprises of the TPRM & Outsourcing Governance function, and the Vendor Management functions. Both are responsible for ensuring the implementation of an effective end to end Third Party Management Model to support the engagement of Third Parties and Outsourced service providers in line with Corporate Framework and UK regulatory expectations.

In this challenging role, youll support the Head of TPRM in executing the risk management framework, and the management and reporting of the due diligence activities covering the 3rd party lifecycle line within the wider Target Operating Model.

If youve performed a similar role previously, this could be the perfect opportunity to develop your career.

The difference youll make:

• Supporting the execution of the Third-Party Risk Management (TPRM) framework

• Assisting in managing and reporting due diligence activities across the third-party lifecycle in line with the Target Operating Model

• Building and maintaining effective stakeholder relationships across Service Management, Risk, and intra-group teams

• Contributing to the production of outsourcing metrics and management reporting

• Supporting benchmarking activities and implementation of enhancements aligned to UK/EU Operational Resilience requirements

• Maintaining Outsourcing Registers and Third-Party Inventories, ensuring data accuracy and completeness

• Engaging with internal functions and suppliers to support timely completion of assessments

• Supporting the monitoring and reporting of service performance metrics to governance forums

• Supporting the resolution of vendor-related issues and escalations

• Contributing to the delivery of change initiatives impacting TPRM processes

• Working with global teams to support continuous improvement of TPRM processes

What youll bring:

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. Were enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role.

• Previous experience of working in a TPRM role within an Investment Banking environment

• In-depth understanding of UK regulatory and EBA Outsourcing requirements for Third Parties, specifically as relates to vendor onboarding, contracting and sourcing activities

• Experience of performing comprehensive risk assessments and due diligence for third-party relationships and outsourcing activities

• Track record of developing regular outsourcing risk reporting and MI including self-identified issues, KRIs and incident reporting

• Well-developed communication and interpersonal skills; the ability to communicate and help non-experts understand applicable requirements

It would also be nice for you to have:

• Previous experience in a procurement or vendor management role

• Experience of building third-party risk management programs in compliance with regulatory frameworks in the EU and/or UK

• Educated to Degree level or equivalent in a relevant subject such as Third-Party Risk Management, Outsourcing, Procurement

What else you need to know:

This role is based at our offices in Triton Square, London located within easy walking distance from Warren Street and Euston.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop.

Equal Opportunities.

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

How well reward you.

Your contribution matters, and its recognised. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver.

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• Eligible for a discretionary performance-related annual bonus.

• We put 8% of salary into your pension, even if you dont contribute yourself. Well pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.

• 27 days holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year.

• Free access to a range of digital health services, including GP.

• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more. 

• Company funded individual private medical insurance.

• Voluntary healthcare benefits at discounted rates such as, dental insurance, and health assessments.

• Share in Santanders success by saving or investing in our share plans.

• Support your favourite causes through charitable giving and our community partnerships.

Learn more about our benefits and family friendly policies

What to do next:-

If this sounds like a role youre interested in, then please apply.