Assistant Vice President - Third Party Risk Management

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.

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