Third-Party Risk Manager Lead at Sompo International | GB | Rezi

Third-Party Risk Manager Lead at Sompo International

Third-Party Risk Manager Lead

Sompo International · GB

6 days ago

Third-Party Risk Manager Lead

Sompo International · GB

6 days ago
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About the Role

Sompo International is seeking a Third-Party Risk Management (TPRM) Lead to drive the operational execution of the global TPRM strategy standards in the UK Region. This role sits within the COO function, providing oversight of Third-Party Risk Management across the business by ensuring regulatory compliance, accurate data management, and stakeholder engagement.

Responsibilities

  • Lead the implementation and embedding of the Global TPRM target operating model across the UK Region, acting as the primary liaison with the Global TPRM team.
  • Partner with business contract owners and department leads to monitor supplier performance, manage risk exposure, and reduce critical outsourcing and third-party dependencies.
  • Uplift contracts and intragroup standards to mitigate business risk and mature operational resilience.
  • Serve as the named oversight contact for key Operations and cross-functional Business Process Outsourcing (BPO) arrangements.
  • Ensure third-party engagements within the UK are managed in line with regulatory requirements, including FCA and PRA, as well as internal policies and standards.
  • Provide end-to-end governance and oversight of material outsourcing arrangements and critical third-party services.
  • Maintain the Material Third-Party and Intragroup Services Register, ensuring completeness, accuracy, and compliance with reporting requirements.
  • Chair regular governance forums with material outsourcing providers, acting as the primary point of contact between Sompo and key third-party stakeholders.
  • Lead the quarterly TPRM Portfolio Review, providing consolidated oversight of third-party risk, outsourcing arrangements, remediation activity and emerging concerns.
  • Maintain TPRM and outsourcing records, repositories and management information, ensuring data quality, accuracy and timely reporting.
  • Provide risk insights, analysis and reporting to relevant stakeholders to support informed decision-making.
  • Build organisational awareness of TPRM requirements, roles and responsibilities, providing guidance and support to contract owners and business stakeholders.
  • Support the delivery of training, communications and change initiatives to strengthen third-party risk management capability across the business.
  • Foster strong relationships with global, regional and local stakeholders to ensure alignment with the broader third-party risk strategy and operating model.
  • Monitor emerging third-party, outsourcing and operational resilience risks and industry trends, together with regulatory developments.
  • Identify and drive opportunities to strengthen controls, improve processes and enhance the effectiveness of third-party risk management across Operations.
  • Monitor and report on key performance indicators (KPIs), risk metrics and remediation plans to assess the effectiveness and maturity of the TPRM framework.
  • Provide feedback and recommendations to the Global TPRM team to support the ongoing evolution of the global framework and operating model.

Requirements

  • Proven experience in risk management within the insurance or financial services sector.
  • Strong knowledge of regulatory requirements related to TPRM such as FCA/PRA guidance, Operational Resilience, GDPR.
  • Excellent organizational, analytical, and communication skills, with the ability to build strong relationships and drive collaboration across diverse teams.
  • Effective communication and interpersonal skills.
  • Familiarity with TPRM platforms such as CERTA as well as operational systems for data management.

Skills

  • Risk Management
  • Third-Party Risk Management (TPRM)
  • Regulatory Compliance (FCA/PRA, Operational Resilience, GDPR)
  • Data Management
  • Stakeholder Engagement
  • Contract Management
  • Governance
  • Reporting
  • CERTA platform
  • Communication Skills
  • Analytical Skills
  • Organizational Skills

Location

  • London, UK

Work Type

  • Hybrid
  • Full-time

Experience Level

  • Lead

Education Level

  • Bachelor's degree (preferred)
  • Certifications or qualifications in risk management are advantageous

Benefits

  • Competitive, high-quality compensation and benefit programs
  • Pay-for-performance culture
  • Health & Wellness Benefits
  • Retirement & Savings Plans
  • Global Parental Leave & Adoption Assistance
  • Employee Assistance Program
  • Tuition Reimbursement & Professional Qualification benefits

About the Company

  • Sompo International is a global organization with a shared purpose to create meaningful value for clients, communities, and each other.
  • We strive to foster a workplace where everyone feels respected, included, and empowered to excel.
  • We embrace diversity and champion equal opportunity.
  • Our core values are Accountability, Agility, Collaboration, Development, and Integrity.
  • We build trust and support one another to achieve our goals worldwide.

Equal Opportunity

  • Employment decisions are based on qualifications, merit, and organizational need.
  • We strive to ensure equitable access to opportunities so everyone can do their best work.
  • If you need an accommodation for any part of the application process, please contact the recruiter in charge.