Third Party Risk SME | Banking

Location: London (Hybrid) | Practice Area: Business Consulting | Type: Fixed Term Contract – 6 Months

Provide expert guidance on Third Party Risk Management for a major banking transformation programme.

The Role

We're looking for an experienced Third Party Risk specialist to provide subject matter expertise across a major banking transformation programme. You'll play a key role in shaping policy, governance and operating model design as the bank modernises its Third Party Risk Management framework.

Working alongside programme leadership and senior stakeholders, you'll provide expert guidance, validate business requirements, support policy development and ensure the future operating model aligns with regulatory expectations and industry best practice.

What You'll Do

• Provide subject matter expertise across a strategic Third Party Risk Management transformation programme.

• Support the design of policies, governance frameworks and operating models aligned with regulatory requirements and industry best practice.

• Validate business and functional requirements, ensuring they reflect effective third-party risk management principles.

• Collaborate with programme leadership and senior stakeholders to provide trusted guidance throughout the transformation lifecycle.

• Review and challenge proposed solutions to ensure they are practical, scalable and support effective supplier governance.

What We're Looking For

• Proven Third Party Risk Management experience within a large banking organisation.

• Strong knowledge of supplier governance, procurement processes and regulatory expectations within financial services.

• Experience contributing to large-scale transformation programmes, operating model design or policy development.

• Excellent stakeholder management and communication skills, with the ability to influence and provide credible advice at senior levels.

• Strong analytical and problem-solving skills with the ability to interpret complex regulatory and business requirements.

Bonus Points For

• Experience supporting Target Operating Model or procurement transformation programmes.

• Knowledge of relevant banking regulations relating to outsourcing and third-party risk.

• Consulting experience delivering transformation within financial services.

• Experience working across Risk, Procurement, Compliance and Technology functions.

• Familiarity with industry-standard Third Party Risk Management frameworks and controls.

Why Join Capco

• Deliver high-impact transformation programmes for Tier 1 financial institutions.

• Work in a collaborative, flat and entrepreneurial consulting culture.

• Access continuous learning, professional training and industry certifications.

• Help clients strengthen resilience through effective risk and regulatory transformation.

• Shape the future of financial services through meaningful change.

Benefits

• Core Benefits: Discretionary bonus, competitive pension, health insurance, life insurance and critical illness cover.

• Mental Health: Easy access to CareFirst, Unmind, Aviva consultations and in-house first aiders.

• Family-Friendly: Maternity, adoption and shared parental leave, plus paid leave for sickness, pregnancy loss, fertility treatment, menopause and bereavement.

• Holiday Flexibility: Five weeks of annual leave with the option to buy or sell holiday days based on your needs.

• Continuous Learning & Extras: Minimum 40 hours of training annually, Business Coach from Day One, online GP services, Gympass (Wellhub), travel insurance, Tastecard, season ticket loans, Cycle to Work and dental insurance.

Inclusion at Capco

We're committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know—we'll be happy to help. We value each person's unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our #BeYourselfAtWork culture encourages individuality and collaboration—a mindset that shapes how we work with clients and each other every day.

 

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