Third Party Risk Manager at Sompo International

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

14 Mar, 26

Salary

0.0

Posted On

14 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Third Party Risk Management, Policy Development, Framework Implementation, Stakeholder Management, Change Management, Analytical Skills, Collaboration, Regulatory Compliance, Risk Assessment, Technology Implementation, Training Programs, Monitoring Frameworks, Operational Efficiency, Communication Skills, Project Management, Agility

Industry

Insurance

Description

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions. Job Description Are you looking for your next opportunity? Sompo International offers an exceptional opportunity for a Third-Party Risk Manager to become a key member of the Global Third-Party Risk Management team within the Global Procurement function. Through our operating subsidiaries, Sompo International underwrites agriculture, professional lines, property, aviation, marine and energy, financial and political risks and casualty and other specialty and catastrophe lines of insurance and reinsurance. Headquartered in Bermuda, we currently also have offices in the United States, the United Kingdom, Continental Europe, Latin America, the Middle East and Asia. Location: The location for this position will be based out of our London office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers. Our business, Your impact, Shared opportunity Role Overview: Sompo International is undergoing a significant transformation to enhance its Third-Party Risk Management (TPRM) capabilities through the delivery of a new Global Target Operating Model (TOM). This transformation leverages advanced global technology to streamline processes, strengthen risk mitigation, and ensure adherence to evolving regulatory standards. As a Third-Party Risk Manager, you will be at the forefront of this initiative, driving the development and implementation of global policies, frameworks, and risk management systems while working closely with diverse stakeholders across a dynamic and complex international organization. This role offers an exceptional opportunity to lead TPRM change initiatives, establish new capabilities, and work closely with the Global Head of Third-Party Risk Management to deliver a best-in-class TPRM function. What you’ll be doing: Policy and Framework Development: Contribute to and support the implementation, and continuous improvement of third-party risk management policies, standards, frameworks, and governance structures to align with regulatory and industry standards, including PRA, SX2, GDPR, DORA, CSDDD and CSRD. Ensure the development of practical risk based standardised processes, guidelines, and tools to support consistent third-party risk management across the organization. Global Technology Implementation: Contribute to and support the rollout of a global third-party risk management technology platform, set to go live in February 2026, by collaborating with global stakeholders (contract owners, Data Privacy, InfoSec, Resilience, Legal, Procurement, Compliance) and ensuring alignment with business requirements. Lead efforts to integrate new technology into existing processes, facilitating adoption across global service centres, regional teams, risk and compliance functions. Work closely with stakeholders to ensure requirements are clearly outlined, facilitate testing processes, and oversee final sign-off. Capability Development and TOM: Collaborate closely with global service centers and regional TPRM teams to implement the new Target Operating Model (TOM), driving the development of third-party risk management capabilities such as training programs, monitoring frameworks, and tools to improve operational efficiency and ensure regulatory compliance. Lead the identification and implementation of best practices for third-party risk assessments, monitoring, and reporting across a complex, regulated global insurance environment. Partner with external service provider delivering TPRM operations to Sompo International offices, ensuring alignment with the organization's TPRM TOM strategy and actively contributing to the development of robust capabilities. Stakeholder Collaboration: Build strong relationships and Work closely with cross-functional teams, including Procurement, Legal, Risk Compliance, Finance, IT, and operations within global service centres, to align risk management strategies with organizational goals. Act as the key point of contact and provide guidance for third-party risk management in cross-enterprise initiatives, fostering collaboration and addressing risk-related inquiries effectively. People Leadership & Collaboration Support and mentor team members across the (local) TPRM network Deputise for the Head of Third Party Risk Management in managing day to day team operations, priorities and performance Foster a collaborative and continuous improvement culture with the TPRM function. Risk Oversight and Reporting: Track emerging risks and regulatory changes, collaborate with the relevant risk and compliance SME teams to gain deeper insights, and ensure timely communication with stakeholders while aligning with enterprise-wide risk management strategies. Develop reporting and provide regular updates on the status of TPRM initiatives, operational, compliance, and risk exposure metrics to senior leadership, relevant forums and committees. Support the establishment and management of the Global Third-Party Risk Forum and participate in internal meetings as required. Driving Change: Support organizational change initiatives related to third-party risk management, fostering agility and resilience across global teams. Analyze opportunities for improvement, challenge the status quo, and drive the adoption of innovative solutions to enhance risk management practices. What you’ll bring: Experience: Relevant experience within Third Party Risk Management in a financial services, insurance or other regulated environment. Proven ability to lead and drive changes in third-party risk management, including developing policies, implementing standards, frameworks (e.g. due diligence, risk and criticality assessments, ongoing monitoring, exit plans and audits), and executing risk management initiatives. Technical Expertise: Supported implementation or worked with third-party risk management technology platforms (e.g., Certa AI, Process Unity, MetricStream, Coupa Risk Assess, D&B, Workcheck). Supported implementation of Target Operating Models (TOM) for TPRM and transitioning to BAU (i.e establishing and enhancing global TPRM capabilities and services). Strong knowledge of third-party risk management practices and regulatory requirements, including PRA IBS, SX2 Critical Outsourcing, GDPR, DORA, CSDDD, CSRD, and other relevant frameworks. Stakeholder Management: Demonstrated ability to work effectively with diverse stakeholders across a complex global organization, including senior leaders, internal and external service providers and cross-functional teams. Strong interpersonal and communication skills to build trust, address feedback, and drive alignment across the business. Change Management: Resilient and agile in driving organizational change, with a proactive approach to identifying and implementing opportunities for improvement. Proven ability to support complex multi-year projects, from planning and execution to successful delivery, within deadlines and budgets. Personal Attributes: Strategic thinker with a solutions-oriented approach to problem-solving. Strong analytical skills and attention to detail. Ability to adapt to a dynamic and fast-paced environment. Collaborative mindset, with a focus on building strong relationships across the organization. Passion for driving innovation and continuous improvement in risk management practices Why Join Sompo International? As part of Sompo International’s TPRM transformation, this role provides an exciting opportunity to be at the forefront of innovation and change in the financial services and insurance industry. You will work in a global, dynamic environment, collaborating with diverse stakeholders and contributing to the development of cutting-edge risk management capabilities. If you are passionate about driving meaningful change and making a lasting impact, this is the role for you. Location: London / Hybrid 3 days per week Our Benefits We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs: Expansive Health & Wellness Benefits Generous Retirement & Savings Plans Global Parental Leave & Adoption Assistance In today’s world, what do we stand for? We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment. About Us Expert Partners. Clarity in complexity. Unwavering commitment. We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours. Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve. We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs. Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges. Because when you choose Sompo, you choose the ease of expertise. Sompo is an equal opportunity employer committed to a diverse workforce. To learn more about visit our website at www.sompo-intl.com We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 130 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 9,500 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of ExpertiseTM. “Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange. To learn more please follow us on LinkedIn or visit sompo-intl.com.

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Responsibilities

The Third Party Risk Manager will lead the development and implementation of global policies and frameworks for third-party risk management while collaborating with various stakeholders. This role also involves driving change initiatives and establishing new capabilities within the organization.