Third Party Risk Management Lead

Posted 3 Days Ago
Be an Early Applicant
London, Greater London, England
Senior level
Fintech • Financial Services
The Role
The Third Party Risk Management Lead will manage governance and activities related to third party risk across the LME Group. Key responsibilities include conducting vendor risk assessments, ensuring regulatory compliance, coordinating due diligence activities, and providing support on procurement activities while collaborating with various internal departments to enhance TPRM procedures.
Summary Generated by Built In

Third Party Risk Management Lead

Shift Pattern:

Standard 40 Hour Week (United Kingdom)

Scheduled Weekly Hours:

40

Corporate Grade:

D - Assistant Vice President

Reporting Line:

(UK Division) CFAO Office

Location:

UK-London

Worker Type:

Permanent

About the London Metal Exchange

The London Metal Exchange (LME) is the world centre for industrial metals trading. Most of the world’s global non-ferrous futures business is conducted on the LME’s three trading platforms totalling $18 trillion, 178 million lots and 4 billion tonnes with a market open interest high of 1.8 million lots in 2024.

The metals community uses the LME, an HKEX Group company, as a venue to transfer or take on price risk, as a physical market of last resort and as the provider of transparent global reference prices.

Overall Purpose of Role:

The Third Party Risk Management (TPRM) Lead will join the newly-created TPRM team, building on the LME’s TPRM implementation programme that established new TPRM policy, framework and processes. The TPRM team will be responsible for further embedding and establishing TPRM across the LME Group’s operations.

The TPRM Lead will be responsible for leading all activities relating to the effective management and governance of third party risk across external and intra-group supplier engagements including outsourcing. You will play a key role in supporting the Group’s approach to all TPRM-related activities.

As the Third-party Risk Management Lead you will be responsible for coordinating vendor risk assessment, onboarding, in-service monitoring, regular due diligence in accordance with the LME Group TPRM policy and framework, and preparing regular reporting on TPRM matters. You will also provide support on related procurement activities across the LME Group.

You will work with other departments across the group, including Risk, Regulation & Compliance and Legal to continually improve procedures, tools and controls to ensure compliance with regulatory standards and best practices for third party risk.

Responsibilities:

  • Key point of contact for stakeholders, leading them through the TPRM processes outlined with the policy and framework.

  • Co-ordinating and periodic vendor due diligence activities, internal assessments and completing subsequent risk assessments and reporting.

  • For vendor in-service monitoring, supporting third party service reviews where appropriate ensuring TPRM is being effectively governed by service receivers.

  • Ensuring that inherent risks and control gaps are accurately identified and remediated.

  • Managing the concentration risk register, third party register – including 4th parties - and that it is accurately maintained.

  • Performing data analysis and reporting on supplier risks and governance, including data quality reviews and trend analysis.

  • Providing guidance on supplier governance and assurance activities applicable to individual supplier engagements, leveraging your network of subject matter experts from other teams as needed.

  • Monitoring and supporting ongoing compliance to Policy, including ensuring quality and integrity of supplier assurance data captured in data repositories.

  • Providing training to business stakeholders on best practices relating to supplier governance and specific processes and requirements.

  • Supporting the delivery of key projects, collaborating in the production and maintenance of internal documentation, identifying opportunities for innovation and improvement, and delivering value across a range of initiatives relating to supplier governance.

You will bring experience of managing vendor onboarding, from a TPRM compliance perspective, and detailed knowledge of relevant, Financial Services, regulations.

Strong data analytical capabilities: Microsoft Excel, PowerPoint and Word skills are critical.

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression and reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.

Top Skills

Excel
PowerPoint
Word
The Company
Hong Kong, Hong Kong
1,723 Employees
On-site Workplace
Year Founded: 2000

What We Do

HKEX Group is a global exchange group, operating dynamic and integrated financial markets in Asia and Europe.

From our home in the financial hub of Hong Kong and an additional base in London, we provide world-class facilities for trading and clearing securities and derivatives in Equities, Commodities, Fixed Income and Currency.

Uniquely positioned at the intersection of Chinese and international capital flows, Hong Kong has long been Connecting China with the World. With the accelerated opening-up of China’s capital markets, HKEX continues to be at the forefront of this historic transition, which we believe will Shape the Global Market Landscape

Similar Jobs

WISE Logo WISE

Risk Manager

Fintech • Mobile • Payments • Software • Financial Services
Hybrid
London, Greater London, England, GBR
6000 Employees

Capital One Logo Capital One

Risk Manager

Fintech • Machine Learning • Payments • Software • Financial Services
Hybrid
Nottingham, Nottinghamshire, England, GBR
55000 Employees

TransUnion Logo TransUnion

Risk Manager

Big Data • Fintech • Information Technology • Business Intelligence • Financial Services • Cybersecurity • Big Data Analytics
Hybrid
Leeds, West Yorkshire, England, GBR
13000 Employees

Block Logo Block

Third Party Risk Manager

Blockchain • eCommerce • Fintech • Payments • Software • Financial Services • Cryptocurrency
Hybrid
London, Greater London, England, GBR
12000 Employees

Similar Companies Hiring

Bectran, Inc Thumbnail
Software • Machine Learning • Information Technology • Fintech • Automation • Artificial Intelligence
Schaumburg, IL
51 Employees
Energy CX Thumbnail
Utilities • Professional Services • Greentech • Financial Services • Energy • Consulting • Business Intelligence
Chicago, IL
55 Employees
MassMutual India Thumbnail
Insurance • Information Technology • Fintech • Financial Services • Big Data
Hyderabad, Telangana

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account