Third Party Risk Officer

Position Summary

The First Line of Defence (1LoD) Group Third Party Assurance Services (3PAS) team works alongside LSEG divisions and functions to provide Third Party Risk Management (TPRM) services and expertise. 3PAS is responsible for embedding the TPRM policy and operationalising the process to enable LSEG businesses to exercise robust management of risks associated with their third parties and ensure TPRM requirements are delivered globally in line with regulatory and internal policy expectations.

Collaborating with the Third Party Risk Officer (TPRO) Director, the successful candidate will join a small team of TPROs that are aligned to the divisions and functions of the Group and focus particularly on systems, reporting and business architecture. They will be responsible for implementing systems and reporting to enable effective identification and management of third party risk. Additionally, they will partner with senior management (eg Chief Operating Officers, Chief Risk Officers and third party leads) and key partners within a particular business area to support them in leading third party risk; reporting policy conformance and recommending remediation, ensuring issues are owned, maintained, measured, monitored and reported, providing reporting and supporting effective governance, supporting audit and regulatory finding remediation and generally acting as the focal point for all TPRM related queries.

TPRM is a relatively new field for LSEG and you’ll play a key role in moving that forward. We are looking for TPROs who are TPRM domain experts, can set the conditions for success, support the business in running risk and increasing resilience and mature the approach to TPRM. There will be autonomy, variety, ownership of day to day work and opportunities to develop and introduce fresh thinking.

WHAT YOU'LL BE DOING:

• Establish positive relationships and liaise with divisional/functional TPRM leads, Accountable Executives, COOs and CROs across the group to provide SME knowledge and guidance to drive consistent adoption of the Group TPRM framework, as well as ensure the right development of divisional/functional based operating models, process controls and governance.
• Partner with key collaborators to mature the alignment of framework to relevant policies (e.g. TPRM, Operational Resilience, Business Continuity Management) and the Enterprise Risk Management Framework processes.
• Support continual development and maturity of the 1LoD TPRM framework and controls, including the mapping and inclusion of additional new global regulatory related methodologies and requirements.
• Lead on execution of other resilience related projects and initiatives, e.g. development of the Service Delivery Management approach, scoping automation of due diligence through Artificial Intelligence (AI) or design, build and implementation of the group third party register.
• Support TPRM communications and training delivery to a wide partner group, including the monthly TPRM Working Group, to cascade policy requirements, develop understanding of the operating model and roles and responsibilities across the group and drive efficient process execution with Relationship Owners (ROs).
• Apply expertise and understanding of external standard process to drive continuous improvement, focused on embedding TPRM as ‘business as usual’ into all areas of the group, and drive risk based decision making culture and thinking across the firm
• Liaise with Group Procurement as a key TPRM process entry point to ensure key steps are followed in the process, including completion of the Inherent Risk Questionnaire (IRQ), supplier onboarding, segmentation, due diligence and appropriate contract execution.
• Partner with the other 3PAS teams to ensure alignment of process execution to framework, collate reporting requirements and automate production and define/maintain system requirements.

WHAT YOU'LL BRING:

• Validated experience operating at Manager level within a firm, developing and implementing TPRM systems and processes in a highly matrixed and fast paced businesses where change is the norm.
• Knowledge and experience of TPRM and operational resilience global regulatory requirements e.g. EBA Guidelines on Outsourcing, SS2/21, PS21/3, DORA etc.
• A thorough understanding of the various risk types incorporated into a mature, cross functional TPRM process, e.g. cyber, data, business continuity management, HR.
• Experience in coordinating / implementing large scale system implementation programmes and contributing to various design decisions and approaches that promote TPRM.
• Strong understanding of how effective TPRM can support the business in delivery of the Group’s objectives.
• Collaborative - role models a supportive and insightful approach to working together. Seeks to understand others' contrasting perspectives in order to overcome resistance and find common ground. Works through formal and informal channels to achieve outcomes. Highly developed interpersonal and communication skills.
• Change agent - positively engages with and supports, advocates, communicates and implements change.
• Resilient – tenacious, outcome focused with the ability to operate in a sophisticated environment leading multiple projects and partners. Ability to cut through complexity, be pragmatic and get things done.
• Encouraging – guiding and coaching partners and sponsors to implement desired outcomes, building an environment of confidence and trust
• Analytics – strong analytical skills are required to bring together large volumes of information and highlight the key themes and make recommendations for a senior audience
• Strategic – be able to improve business outcomes by applying critical thinking and making appropriate recommendations in connection with delivery of long-term sustained performance.
• Influence – able to connect with and influence senior partners with the ability to challenge through objective discussions and understanding of business
• Curiosity - curious mind-set, never settling for the status quo and fostering continuous improvement
• Energetic & driven - a self-starter, with a can-do attitude, outcome focussed and charge change with energy and drive that inspires others.

WHAT YOU’LL GET IN RETURN:

With a large and diverse third party base and a recently defined TPRM operating model, there is lots to do. This is an opportunity to shape and better a broad array of TPRM activities from policy and framework definition, to resourcing, to operational resilience, to systemisation and automation, to reporting, to process execution, to service delivery management and so on. It’s also a chance to learn and develop your TPRM experience, skills and expertise as well as your knowledge of LSEG businesses, operations and clients.

We recognize that to attract the best talent, we need to be flexible and we are open to discussing work arrangements with you. We take hybrid approach to workplace, this role is Blended, three days a week office based.

LSEG Purpose and Values

Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Underpinning our purpose, our values of Integrity, Partnership, Excellence and Change set the standard for everything we do, every day. They guide the way we interact with each other, the partners we work with and our customers. Delivering on our purpose and living up to our values is a responsibility that we all share.

Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.

LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.

Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership, Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.

Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.

You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.

LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.