Outsourcing Risk Assurance Consultant

Outsourcing Risk Assurance Consultant

Our client, a world leading banking and investment house, is currently recruiting for a Outsourcing Risk Assurance Consultant, on initial 6 month contract, with a high possibility for extension or to go permanent, based in London.

Background:

W&G - OPERATIONAL RISK OVERSIGHT

As part of the Integrated Assurance Framework owned by the Chief Risk Office (CRO), W&G Operational Risk are required to perform assurance activities for W&G Supplier Management activities as part of the W&G integration and stand-up activities.

The purpose of this role is to provide independent oversight, challenge and advice to the wider W&G businesses for effective identification, assessment and management of operational risks associated with W&G's outsourcing suppliers.

Key Accountabilities:

Perform targeted end to end risk assurance reviews across the third party and outsourcing estate, including:

Plan and scoping activities - Establish relationship with SME's to formulate scope and hotspots to investigate

Perform detailed assessment activities - eg process and control walkthrough, risk analysis, business/IT interviews

Reporting - socialise findings, obtain stakeholder validation and work with owners to define risk actions

Monitor and Closure - work with owners to review supporting evidence to ensure it addresses risks appropriately

Project Management - leading, managing and prioritising risk assurance timelines, driving timelines and escalating if bottlenecks occur

Working collaboratively with other risk partners in the organisation, including Programme Risk to ensure that any risks and issues identified are validated and feedback incorporated

Regularly meet key accountable stakeholders and provide robust and challenging insight on business risk and control processes

Provide advice to the business on third party and outsourcing standards for achieving compliance

Promote a strong control culture and awareness of outsourcing risk across Business Services

Essential Criteria:

1. Banking experience with strong understanding of regulatory requirements around outsourcing - procurement or supply chain knowledge and/or experience highly advantageous

2. Previous experience of conducting supplier assurance reviews and managing supplier risks associated with complex outsourcing agreements

3. Understanding of Risk Management Frameworks and Principles and awareness of Banking Principles & Practices.

If you match these requirements, please apply in the normal way. Elevate will send you an email, please open, click and action that email and your application will be visible to the hiring organisation directly.