Third Party Risk Management Lead

Helping over ten million people around the world manage their savings, retirement plans and life insurance requires a lot of people behind-the-scenes.  It’s up to us in L&G Group functions – which includes our tech and digital teams, Group Finance, HR, Risk and Corporate Comms to provide the essential support services that all areas of the business need, here in the UK and overseas. Simply put, we enable everyone at Legal & General to do what they do best. That means we’re helping to improve our customers’ lives, and contributing to the success of the business every day.

Your role at a glance

Due to substantial growth resulting from transformation of the team, Legal and General Group Functions procurement department is currently looking to hire a new Third-Party Risk Management lead to manage the TPRM team and take accountability for setting and updating associated principles, policies and standards to ensure that the third-party service providers are vetted, monitored, and managed to mitigate risks.

This is a fantastic opportunity for you to work in a role that offers a lot of autonomy, and the chance to make real impact. You’ll play a key role in influencing how the TPRM function is perceived within the business, and there will be a lot of opportunity for you to take ownership and shape how this is done.

What you'll be doing

• Leading the development and implementation of third-party risk management policies, procedures, and guidelines in accordance with regulatory requirements and business needs, working closely with risk
• Overseeing materiality assessment and reporting of potential and existing suppliers of Legal and General and facilitate third party risk management
• Performing due diligence of potential and existing suppliers and monitoring compliance against regulatory requirements at periodic intervals
• Ensuring documentation and records are maintained in appropriate systems and tools and updated at required intervals
• Collaborating with business stakeholders and suppliers to develop risk management plans
• Taking the lead in all matters with regards to the management of employees, ensuring that management discretion is used in a consistent manner and that the area follows the Group’s policies and procedures including the Partnership Agreement to maximise business performance.
• Producing regular Management Information packs for distribution and producing regulatory compliance reporting
• Ensuring all Risk Management activity is carried out in line with our consumer duty accountability.

• Proficient in Third Party Risk Management practices and strategies.
• Knowledge of regulatory framework in relation to Financial Services
• Proven commercial experience gained from a supplier/vendor management, category management, or business development background
• Track record in influencing and developing policy in relation to supplier segmentation, with appropriate levels of risk management, in line with regulatory requirements of Financial Services.
• Ability to influence at all levels, as well as exert authority with a collaborative, inclusive and engaging style with a practical, approach to delivering successful, collaborative outcomes to support evolving business needs.
• Experience of building excellent working relationships and networks with key stakeholders and leadership teams across organisational boundaries.
• Good communication, interpersonal and leadership skills with ability to develop, and project a positive image of the Supplier Relationship management and Procurement function.
• Experienced in managing teams.

When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.

If you join us, you’ll get access to some great benefits, including private medical insurance, 30 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You'll receive a car allowance of 12% of your annual salary, and you can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave. 

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings. 

The brand with the brolly is choosing today to change tomorrow.

Since 1836, we’ve grown to become one of the world's largest asset managers, homebuilders, pension providers and insurance brands. 

We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders - helping to shape a better future for society and the planet.

We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.

At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.

Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?

Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.

We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.

We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.

We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.

So whoever you are, wherever you are, whatever your story, we'd love to hear from you.