Third Party Risk Manager – Technology
Job Description
We are currently seeking to recruit a Third Party Risk Manager to join our Global Technology Solutions (GTS) team in London (with remote working too). The GTS team operates on a global basis and we are looking for a Third Party Risk Manager to oversee initial due diligence as part of onboarding new third parties and ensure all third parties meet our security standards.
The role will involve working with key stakeholders across all of our Business Units and within the Pacific Life Enterprise to maintain our third party inventory and report to the relevant boards and committees as required.
Duties
Oversee initial due diligence
Manage and maintain the third-party inventory
Support the configuration of an internal third-party risk management tool
Maintain knowledge of core and local regulatory requirements
Support requests from regulators for information on third-party risk management
Support supplier relationship reviews for critical third parties
Prepare third party risk reports for Division and Operational Risk Management Committees
Ensure that inherent risks and control gaps are accurately identified and remediated
Skills/Experience
Essential
Strong understanding of life (re)insurance industry or financial services
At least 5 years’ relevant business experience
Experience of third-party management would be preferred but not essential
Ability to work independently e.g. as project manager or on discrete tasks
Excellent networking skills across PL Re’s Business Units, locations and departments
Ability to communicate information to a variety of stakeholders both orally and in writing
Experience within Insurance or Financial Service Solutions would be essential; however, other regulated industry experience would be considered.
Good relationship skills and proven ability to work with multiple stakeholders.
Personal Characteristics
Collaborates well with all levels of a team.
Good Communicator – succinctly communicates product vision to all stakeholders in a compelling and effective way
Data Driven – values evidence, research and customer feedback
Decisive – makes effective customer centric decisions
Flexible – adapts and thrives under change and ambiguity in an independent and flat structure.
Excellent internal customer service and communication skills.
Ability to understand and communicate data design and patterns to non-technical audiences.
Ability to work in a fast-paced environment with multiple priorities.
Ability to produce accurate work under pressure with frequent deadlines.
Demonstrate critical thinking and analytical skills with attention to detail.
Excellent problem-solving skills, with the ability to work independently and collaborate with others.
Ability to exercise confidentiality and professionalism in the performance of duties.
Pacific Life Re – Who are we?
We work with clients in Europe, Asia, Australia and North America, specialising in risks associated with Life, Critical Illness, Income Protection, Hospital Cash and Longevity products. Our clients are insurance or reinsurance companies looking for a new and innovative approach to taking risks.
With the security and financial strength of a parent company that's been around for over 145 years and a mutual holding company as our ultimate parent, we are not constrained by short-term thinking; therefore, allowing us to be free to pursue the right course for our clients and our business.
Underlying our philosophy is an intelligent approach to taking risks. By recruiting top quality staff and investing in the latest analytical technologies, we believe we are well placed to make those decisions.
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
UK Benefits
We offer a generous benefits package including a discretionary bonus; stakeholder pension scheme; BUPA; Life Insurance; 25 days holiday; STL; Group Income Protection; subsidised gym membership and more.
Working For Pacific Life Re
Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.
Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well-being initiatives. We are also committed to supporting our employees' involvement in their communities by actively fundraising, hosting charity events and overseeing volunteering opportunities.
Benefits (Only for Permanent and Fixed Term Employees)
Stakeholder Pension Scheme
Life Assurance
Subsidised Gym Membership
Private Medical Insurance
Season Ticket Loan
Eye Care
Employee Assistance Programme
Group Income Protection
Wellness Benefits
As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.
Pacific Life Re Principles and Behaviours
Please click here to view our company principles and behaviours
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