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Assistant Vice President - Third Party Risk Management

Location London
Department Operations Services - Operations Business Risk and Controls
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. Operations Business Risk and Controls (OBRC) is part of the department. It is responsible for managing third-party risk, strengthening operational resilience, and maintaining a robust risk and control framework across the business. As an Assistant Vice President – Third Party Risk Management, you will support the end‑to‑end Third‑Party Risk Management (TPRM) framework, ensuring that all external vendors, service providers, and outsourcing arrangements meet the Bank’s risk, compliance, and regulatory expectations. This is a full time permanent position.

Key responsibilities

  • Drive inherent and residual risk assessments spanning operational, information security, data privacy, financial, and resilience domains, while reviewing and monitoring Third Party Risk Management risk appetite
  • Coordinate and challenge due‑diligence outputs, ensuring alignment with SS1/21 expectations for outsourcing and third‑party arrangements
  • Review contractual clauses to ensure compliance with SYSC 8 outsourcing requirements, including exit strategies, audit rights, and data‑handling provisions
  • Oversee periodic reviews, performance monitoring, and trigger‑based reassessments, ensuring alignment with Operational Resilience requirements
  • Track and escalate vendor‑related issues and incidents, ensuring remediation plans meet regulatory and internal standards
  • Ensure third‑party arrangements comply with SS1/21 (outsourcing and third‑party risk), SYSC 8 (outsourcing), and ICT risk and operational resilience
  • Provide expert guidance to business units on third‑party risks, regulatory expectations, and control requirements
  • Prepare MI, dashboards, and governance materials for senior management, risk committees, and regulatory reviews
  • Support continuous improvement of TPRM framework, processes, methodologies, and tooling
  • Ensure third‑party dependencies are integrated into impact tolerances, mapping, scenario testing, and resilience‑aligned planning
  • Coordinate cross‑team and departmental activities, supporting new projects and initiatives
  • Contribute to system testing and implementation, including preparing business requirements or enhancements

Requirements

  • Degree educated in Business, Finance, Risk Management or relevant subjects
  • Professional certifications such as CRVPM, CISM, CISSP, IRM are beneficial but not mandatory
  • Solid experience in Third Party Risk Management within the Financial Services industry, ideally Banking sector
  • Solid understanding of UK SS1/21, SYSC 8, and DORA would be highly beneficial
  • Extensive working knowledge of 1LoD operational risk practices
  • Solid understanding of third‑party risk, operational risk, outsourcing regulations, and supplier governance
  • Excellent communication and stakeholder management skills
  • Excellent analytical and problem‑solving skills
  • Proficient in MS Office (Word, Excel, PowerPoint, Visio)

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.  

We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through: 

  • access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute 

  • 24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge 

  • regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network 

  • exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile 

  • developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme  

  • encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week 

  • embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career 

  • promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions 

We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including: 

Celine Luo
Assistant Vice President, Financial Crime and Compliance

Bank of China is a great platform for everyone who wants to gain different knowledge and self-development. I started as a Junior Associate and had the opportunities to gain invaluable working experience in two different departments. I am happily working here, as an Assistant Vice President in the Financial Crime and Compliance department. I believe I will continue to grow here, not only in my career development but also in my personal wellbeing.

Daniel Shulakov
Senior Associate,
Credit Management

I joined Bank of China as a university graduate and I believe I have found the best place for me. From the first day my priority was always to learn. This was quickly recognised by my department, which provided me with the platform to grow, and my colleagues have been very helpful in the guidance they have provided me with along my journey. There are ample opportunities to grow with the Bank and it all depends on how much one would like to develop themselves.

Rita Cobbold
Vice President – Head of Customer Due Diligence, CFU Middle Office

I have been working at Bank of China for almost 8 years. In March 2022 I was promoted to VP - Head of Customer Due Diligence and I lead the CDD Unit. There are so many great things about working for the company. My favourite is probably the Bank’s commitment to identifying talent and nurturing them to develop into great leaders. The Bank embraces employees of all experience levels, backgrounds, and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. Working here has really enhanced my knowledge, my understanding of different cultures, leadership skills and a sense of direction for the future.

Ashley Watson
AVP – Security Operations & Risk Manager, General Administration

Over the past four years at Bank of China UK, I have had the opportunity to grow both professionally and personally in my role as the Security Operations and Risk Manager. My role involves safeguarding the bank’s operations through robust risk management and proactive security strategies. Every day brings new challenges, and the dynamic nature of the role keeps me engaged and motivated. One of the most rewarding aspects of working here is being part of a truly diverse and multicultural environment. Collaborating with colleagues from different backgrounds has broadened my perspective and enriched both my professional and personal experiences.

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