Risk Business Partner

Role Description

The objective of the Second Line Risk team is to deliver, coordinate and continuously develop an effective Risk Management Framework that provides the tools to enable FNZ to identify, assess, control and monitor risk; and through that framework manage risk within the appetite of the business, our clients, and regulators.

The Risk Business Partner brings both experience and knowledge of operational risk management tools and frameworks demonstrated through practical experience and achievements in similar roles. This Second Line risk role will support the implementation and maintenance of the Risk Management Framework to support FNZ’s business plan and the regulatory environment it operates in. This includes provision of oversight of the application of risk management policies and procedures and working with the business to facilitate the understanding and embedding of these within FNZ.

Key Responsibilities:

The duties and responsibilities of this Second Line Risk role will include the following:

Third-Party Risk Oversight

• Provide independent Second Line oversight of the firm's Third-Party Risk Management framework.

• Review and challenge supplier risk assessments, due diligence activities and ongoing monitoring arrangements.

• Ensure appropriate oversight of critical, material and outsourced service providers.

• Assess third-party risks including:

  • Operational Risk

  • Information Security Risk

  • Cyber Risk

  • Data Privacy Risk

  • Financial Crime Risk

  • Conduct Risk

  • Business Continuity and Operational Resilience Risk

  • Concentration Risk

  • Geographic and Country Risk

• Monitor supplier risk profiles and ensure emerging risks are escalated appropriately.

• Challenge risk acceptances and remediation plans where control weaknesses are identified.

• Support oversight of supplier incidents, service failures and operational resilience events.

Governance & Reporting

• Prepare risk reporting for management, Executive committees and Board forums.

• Representing Second Line Risk at appropriate FNZ governance committees.

• Provide management information and key risk metrics relating to third-party risks.

• Ensure material supplier risks, issues and trends are clearly communicated to senior stakeholders.

• Support preparation of regulatory submissions and responses relating to outsourcing and supplier management where required.

Risk Framework & Assurance

• Maintain and continuously improve Third-Party Risk Management policies, standards and procedures.

• Provide independent review and challenge of supplier onboarding, renewal and exit activities.

• Participate in thematic reviews, deep dives and assurance activities across supplier populations.

• Track and monitor remediation actions arising from audits, risk assessments and regulatory reviews.

• Facilitate risk and control assessments relating to third-party arrangements.

• Using the Governance, Risk & Compliance system (Archer) to support the risk management oversight of third-party arrangements.

Stakeholder Management

• Build strong relationships with team and functional leadership, procurement teams and supplier managers.

• Act as a trusted adviser to the business on third-party risk matters.

• Support delivery of risk training and awareness programmes.

• Promote a culture of effective risk management and accountability throughout the organisation.

Regulatory & Industry Developments

• Monitor relevant regulatory developments impacting outsourcing and third-party risk management.

• Provide guidance and insight on emerging third-party risk trends, including cyber threats, concentration risk and operational resilience expectations.

• Support implementation of regulatory requirements and industry best practices.

Functional Area Responsibilities

The Risk Business Partner – Third Party Risk Management must collaborate with all members of the UK regional Risk & Compliance function and support the Head of Risk and UK CRO to ensure the team remains effective.

Experience required

Primary Requirements:

• Previous Third-Party Risk Management oversight experience within a Second Line Risk, Operational Risk, Supplier Risk or Enterprise Risk function.

• Experience overseeing critical and material third-party suppliers within a regulated financial services environment.

• Strong understanding of Third-Party Risk Management lifecycle activities, including:

  • Due diligence

  • Risk assessments

  • Contractual risk considerations

  • Performance monitoring

  • Issue management

  • Exit planning

• Strong critical thinker with an ability to challenge constructively.

• Excellent written and verbal communication skills.

• Highly organised with strong attention to detail.

• Confident engaging with senior management and executive stakeholders.

• Pragmatic and solution-oriented approach.

• Ability to balance commercial objectives with effective risk management.

About FNZ Culture

Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites and moves us forward. Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers and the wider world. At FNZ we know that great impact is only possible with great teamwork.

That’s why we value the strength and diversity of thought in our global team.

The FNZ Way is the cornerstone of what we do. It is comprised of four values that set the standard for how everyone at FNZ interacts with each other, with our customers, and with all our diverse stakeholders around the world.

Customer obsessed for the long-term Think big and make an impact Act now and own it all the way Challenge, commit and win together

Read more about The FNZ Way and our values: www.fnz.com/culture

Opportunities

• Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact.

• Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies.

• Working in a flexible and agile way that meets the needs of the business and personal circumstances.

• Remuneration, significant financial rewards and career advancement is based on individual contribution and business impact rather than tenure or seniority.

• We provide global career opportunities for our best employees at any of our offices in the UK, EU, US, Canada, South Africa and APAC.

Commitment to Equal Opportunities

At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner without regard to gender, ethnicity/race, faith, age, nationality, gender identity, sexual orientation, marital status, socio-economic background, disability or military veteran status where all applicants and employees are valued and respected.

In addition, we want to ensure accessibility needs are well supported, if you require specific support please advise us.

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

_We partner with the world’s leading financial institutions, with over US$2.5 trillion in assets on platform (AoP).

Together with our clients, we empower nearly 30 million people across all wealth segments to invest in their future._