Third Party Risk Analyst

The Third Party Risk Management Department at ICBC Standard Bank Plc is based in London. It aims to assess the risks of dealing with third parties with which the banks want to engage in business for the supply of goods and services. TPRM works closely with Procurement to ensure that our risk and procurement procedures are effective in addressing a range of financial crime risks, particularly the risks associated with bribery, corruption and fraud but extends to other regulatory requirements which range from business conduct to sustainability, cyber security and IT resilience.

The annual 3rd party in-direct spend is circa $300m across a wide range of technology and non-technology commoditised and specialist goods and services.

The department conduct inherent risk assessments of each third party engagement, conducts supplier due diligence and assesses the risk controls in place at the supplier so our purchasing of goods and services is based on adherence to the specific policies and procedures which are in place at ICBC Standard Bank Plc.

What you'll be doing

To support the ongoing business needs in the assessing third party risks, against the bank's Third Party Risk Management appetite and strategy, maintaining systems, producing management intelligence and preparing management information reports including supplier and business risk reporting.

Other activities such as due diligence, documentation review and supporting the business with supplier performance issues, and supplier performance reporting are also required.

To ensure, in conjunction with the CMU teams, that risk assessment processes effectively and appropriately address the risks that are identified and establishing mitigation plans where they are required.

Third Party Risk Management

Work with the Third Party Risk Managers to ensure the TPRM Policy and the Supplier Risk Appetite are embedded across the Bank's businesses and functions.
Work closely with Supplier Accountable Executives to assist in managing their supplier risks where ongoing assurance activities are required on suppliers (remediation plans/desktop / onsite reviews).
Be part of the Third Party Risk Management team with the remediation of the Bank's supply base including liaising with the Business, SMEs and Vendors and implementing controls in line with the Bank's TPRM Framework
Be part of the implementation, testing and roll-out of IT solutions to support the programme (e.g. SAP Ariba Risk, Bitsight, API Reporting via SAP BI)
Prepare Management Information report when required
Other TPRM related tasks that may be required by the programme
Quality Assurance checks on TPRM files

Review and validate the information completed by the TPRM analyst / Supplier Accountable Executives
Check and ensure information keyed in the internal systems is complete and accurate
Liaise with the QC analyst on the identified errors or to readily raise queries, ensuring all errors are rectified or queries clarified by the TPRM analyst before re-submitting for final approval
Track and maintain records for reporting
Stakeholder Management - proactively manage internal stakeholder expectations with regards to approval timeline and the need for early engagement
What you'll need to be successful

Experience of working in a regulated environment, ideally Financial Services
Organisation skills including project management with a good track record of meeting deadlines and managing priorities.
Good attention to detail and ability to think strategically at the same time Versatile and flexible approach to adapt to evolving situations.
Ability to build strong business partnerships both internally and externally Highly motivated to succeed whilst remaining a team player.
Can-do and positive attitude when approaching new projects and challenges. Innovative and lateral thinking in order to achieve optimal results. Read more