Third-Party Risk Manager

Job Description

Overview

Job Role: Third-Party Risk Manager

Salary: £64,000.00 - £72,500.00 (depending on experience) + 15% performance bonus

Working Location: Milton Keynes/Hybrid

Employment Type: Full-time, permanent

Working arrangements: 2 days in the office, Tue is set day

Job summary:

The Third-Party Risk Manager is responsible for ensuring that all third‑party and outsourcing arrangements comply with the Prudential Regulation Authority (PRA) SS2/21 Outsourcing and Third‑Party Risk Management expectations and operational resilience standards. The role safeguards the organisation against resilience, conduct, operational and supply‑chain risks by embedding robust risk assessment, due diligence, contracting, and monitoring processes across the supplier lifecycle.

The role will also provide leadership to one direct report, supporting their development, capability growth, and delivery of third-party risk management activities.

What you’ll be doing

• Lead materiality and risk assessments for all third parties in line with PRA SS2/21, with regular reassessments.
• Ensure robust due diligence across key risks (cyber, resilience, access, sub-outsourcing, supply chain).
• Maintain compliant contracts, accurate supplier inventory, and support SM&CR obligations.
• Manage regulatory notifications, reporting, and ongoing supplier performance monitoring (SLAs, KPIs, incidents).
• Oversee operational resilience, including business continuity, testing, exit strategies, and impact tolerances.
• Monitor supply chain and technology dependencies, including emerging risks.
• Collaborate with Procurement, Legal, Risk, Cyber, and Resilience teams to align activities and support testing.
• Apply proportional, risk-based controls across supplier tiers.
• Lead and develop one direct report while promoting a strong risk-focused culture.

What we’re looking for

• Strong expertise in third-party risk, outsourcing governance, and PRA-aligned compliance.
• Solid knowledge of operational resilience, cyber/ICT risk, and business continuity.
• Experience in procurement, contract negotiation, and supplier performance management.
• Proven delivery of SS2/21 frameworks (materiality, due diligence, resilience oversight).
• Understanding of impact tolerances, service mapping, and SM&CR accountability.
• Ability to interpret regulations and embed controls into processes.
• Strong analytical, communication, and stakeholder management skills.
• Skilled in assessing supplier risk, resilience gaps, and making risk-based recommendations.
• Effective at communicating insights to senior leadership and working cross-functionally.
• Knowledge of SS2/21, SS1/21, EBA guidelines, and related frameworks.

What we offer

Our benefits package includes:

• 27 days annual leave + bank holidays
• holiday purchase scheme
• enhanced pension scheme (up to 10.5%)
• life assurance
• subsidised private medical insurance
• employee discounts platform
• two days volunteer leave
• enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

Our inclusive culture

We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.

We are a Disability Confident organisation committed to fair and inclusive recruitment. Our first step is to review applications to ensure candidates meet the essential criteria for the role. We assess skills, experience, and potential objectively, and provide support or reasonable adjustments where needed. Candidates who meet the criteria will progress to the next stage.

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