Third Party Risk Manager

About the team

The Third-Party Risk (TPR) team plays a critical role in ensuring the bank effectively identifies, assesses, and manages risks arising from its third-party relationships. We work to protect customer outcomes, operational resilience, data security, and the bank's reputation, while ensuring compliance with regulatory expectations.

 

We are a collaborative and supportive team that partners closely with colleagues across Procurement, Legal, Risk areas, third-party relationship owners and the wider business. With a focus on continuous improvement, we provide expert guidance throughout the supplier lifecycle, helping the organisation make informed decisions and maintain a strong and effective third-party risk management framework.

What you will be doing?

You will be joining the team during an exciting period of change, taking ownership of third-party risk management across our supplier landscape. You'll help ensure the organisation meets FCA and PRA expectations, protecting customer outcomes, operational resilience, data security, and our reputation.

 

In this role, you'll work across the entire supplier lifecycle, from onboarding due diligence, through to ongoing monitoring and supplier exit. Partnering closely with Procurement, Legal, Compliance, and business stakeholders, you'll assess and challenge supplier risks, provide expert guidance, and help ensure material outsourcing and third-party arrangements comply with regulatory requirements, including SS2/21.

 

You'll also play a key role in enhancing our third-party risk management framework, producing management information and reporting, supporting governance forums, and helping the organisation maintain regulatory readiness. This is a great opportunity to influence decision-making, drive improvements, and shape how we manage third-party risk across the business.

 

Please note this role is open to both our Wolverhampton and Chatham site.

 

Your key responsibilities will include:

 

• Managing the end-to-end third-party risk management lifecycle, including due diligence, onboarding, risk assessment and ongoing monitoring
• Ensuring compliance with FCA and PRA regulatory requirements.
• Conducting risk assessments of third-party suppliers including e.g., identifying operational, financial, cyber, data protection, and concentration risks
• Drafting and implementing appropriate risk controls, mitigation strategies, and contractual safeguards.
• Supporting the identification and management of material third parties.
• Maintaining and enhancing the Third-Party Risk Management framework, policies, and procedures.
• Providing subject matter expertise and guidance to Procurement, Legal, Compliance and business stakeholders.
• Keeping abreast of industry standard, identifying any areas of enhancement within departments policy and procedures.

What's in it for you?

A competitive salary dependent on location and experience of between £49,000-£60,000 and a competitive benefits package including:

 

• Annual discretionary bonus opportunity: up to 17.5% of salary
• 30 days annual leave
• Choose to contribute 3% or 5% pension, with employer contributions of 6% or 8% respectively
• Enhanced family-focused benefits
• Hybrid-working *3 days in the office, 2 at home.

 

Please use this link to see the fantastic benefits available at OSB: OSB Careers

About us

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

 

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace. 

Do you have the skills?

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience in either a Vendor Management / Third Party Management or Operations / Risk / Quality Assurance role is essential.
• Experience in the interpretation of regulatory guidelines and requirements relating to outsourcing and third-party risk management is essential.
• Experience in a Financial Services organisation.
• Strong skills in respect of stakeholder engagement are essential.

Next steps

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

 

Still on the fence? Hear from our team or explore our process: OSB Careers

 

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational. If you need any adjustments or support, we’re here to make sure you can show your best self.

 

We are proud to be a Disability Confident employer and are committed to creating an inclusive and accessible workplace where everyone can thrive.

 

We welcome applications from people of all backgrounds and encourage candidates with disabilities and long-term health conditions to apply.

 

If you meet the minimum criteria for the role and would like to be considered under our Disability Confident Scheme, please indicate this on your application.

 

 

Diversity, Equity & Inclusion

 

Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we’re happy to have a conversation about what flexibility might look like for you.

Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

 

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.