Third-Party Risk Manager – Global Lloyd’s Market Insurer
Location: London (Hybrid – 3 days office)
Salary: £90,000 – £115,000 + bonus + benefits
We are working on behalf of a global Lloyd’s of London market insurer seeking an experienced Third-Party Risk Manager to join their London team.
This is an excellent opportunity to play a key role in the development and implementation of a global Third-Party Risk Management (TPRM) framework, as the business delivers a major transformation to strengthen its oversight of critical suppliers, outsourcing arrangements and associated regulatory obligations across multiple jurisdictions.
Reporting into the Global Head of Third-Party Risk Management, you will work closely with colleagues across Procurement, Risk, Compliance, Legal, Information Security, and Technology to embed consistent, risk-based standards, frameworks, and systems across the organisation.
Key Responsibilities
-
Support the design and implementation of global third-party risk policies, frameworks and governance aligned to regulatory requirements including PRA SS2/21, DORA, GDPR and CSDDD.
-
Contribute to the rollout of a new global TPRM technology platform, ensuring requirements are captured, tested, and successfully embedded across regions.
-
Collaborate with global and regional stakeholders to operationalise the new Target Operating Model (TOM) for third-party risk management.
-
Partner with external service providers delivering TPRM operations to ensure alignment with group standards.
-
Track emerging regulatory and operational risks, support ongoing monitoring, and deliver regular reporting to senior management and committees.
-
Act as a subject matter expert and key point of contact for third-party risk across the business.
Experience Required
-
Proven experience in Third-Party Risk Management, Outsourcing Risk, Operational Risk, or Supplier Governance within a regulated financial services or insurance environment.
-
Strong understanding of regulatory requirements such as PRA SS2/21, DORA, GDPR and related outsourcing standards.
-
Experience supporting the implementation of TPRM frameworks, governance structures or technology platforms (e.g. ProcessUnity, Archer, Coupa, MetricStream).
-
Excellent stakeholder management skills, with the ability to engage across global functions and drive change initiatives.
-
Prior experience within the insurance or Lloyd’s market is strongly preferred.
Why Apply
This is a genuinely strategic role within a high-performing global insurer that is investing heavily in its third-party risk capability. You’ll join at an exciting stage of transformation, with the opportunity to shape and embed new frameworks that will define best practice across the organisation globally.
