Vendor Risk Manager

An exciting opportunity has arisen for a Vendor Risk Manager to join a prestigious foreign bank based in the heart of Central London. This is an office-based role offering a competitive salary and excellent benefits. As a Vendor Risk Manager, you will report to the Operational Resilience and Business Continuity Manager. You'll be responsible for overseeing all third-party and supplier relationships, ensuring compliance with regulatory requirements, alignment with internal policies, and delivery of optimal value to the organisation. You will be responsible for: ? Manage the assessment, selection, and onboarding process for third-party vendors and service providers. ? Carry out ongoing risk assessments and due diligence to mitigate risks across operational, financial, cybersecurity, and reputational areas. ? Ensure vendor compliance with relevant regulations and internal policies, including GDPR (UK DPA 2018) and ISO 27001 standards. ? Develop and track KPIs to monitor vendor performance and adherence to agreed service levels. ? Work closely with Legal and internal teams to negotiate and manage contracts, ensuring clear deliverables, timelines, and compliance expectations. ? Act as the main liaison between the organisation and its external suppliers. ? Maintain accurate and up-to-date records of vendor performance, risk evaluations, and compliance status. ? Deliver regular reports and analysis to senior leadership on supplier performance and associated risks. ? Drive continuous improvements in vendor governance processes to enhance oversight and operational efficiency. What we are looking for: ? Previous experience as a Vendor Risk Manager, Third-Party Risk Manager, Supplier Relationship Manager, Vendor Manager, Procurement Manager, Supplier Risk Manager, Outsourcing Risk Manager or in a similar role within a regulated financial services environment. ? Knowledge of third-party risk management, regulatory compliance, and operational resilien