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Third-Party Oversight Administrator

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Phoenix Group

20d ago

  • Job
    Full-time
    Mid & Senior Level
  • Banking & Finance
  • Dublin

AI generated summary

  • You must have experience with third parties, particularly in financial services, strong communication skills, proficiency in Microsoft Office, and be able to manage your workload independently.
  • You will support third-party management, analyze data, produce reports, maintain databases, assist onboarding, track issues, and monitor regulatory changes.

Requirements

  • Relevant experience working with Third Parties.
  • Understanding of the need for different approaches to be applied to oversight and management depending on the nature of the services involved, preferably gained through working in Financial Services Industry.
  • Strong ability to quickly grasp, process and understand new concepts.
  • Excellent communication and interpersonal skills with proven ability to work collaboratively.
  • Able to find pragmatic solutions, seek improvements and adapt to changing situations.
  • Knowledge of Microsoft Office (particularly PowerPoint, Word and Excel). Experienced in the production of slide decks, reports, and spreadsheets.
  • Able to present information, verbally and in writing, in a clear and concise manner, with excellent attention to detail.
  • Experienced in managing own workload under minimal supervision and taking responsibility for achieving results.

Responsibilities

  • Support the operation of the Outsourcing & Third-Party Management Framework.
  • Operation of key controls in the Third-Party Management Risk Policy.
  • Gathering and analysis of Management Information (MI) relating to Third-Party Relationships.
  • Delivery of appropriate MI, reporting as needed to the relevant Risk Management Committees, Projects and Board.
  • Production of Third-Party Management reporting packs for governance meetings, evolving the packs to meet business needs.
  • Provide check and challenge on MI reported to the oversight team by Relationship Managers across the business.
  • Ensuring the internal Third-Party data base is up to date, allowing for preparation and annual submission of the outsourcing register to the Central Bank of Ireland.
  • Work with the Procurement team to support the business owners in onboarding new third parties.
  • Collation and tracking of all queries and issues through to resolution.
  • Review and assess emerging legislation and regulatory updates against current processes. Track all changes through to delivery.

FAQs

What is the job title for this position?

The job title is Third-Party Oversight Administrator.

Where is this job located?

The job is located in Dublin and offers hybrid working options.

What company is hiring for this role?

The role is being offered by a leading UK long-term savings and retirement business.

What are the key responsibilities of the Third-Party Oversight Administrator?

Key responsibilities include supporting the Outsourcing & Third-Party Management Framework, managing Third-Party Relationships, analyzing Management Information (MI), producing reporting packs, and ensuring compliance with regulatory updates.

What skills are required for this position?

Required skills include relevant experience in working with Third Parties, strong communication and interpersonal skills, proficiency in Microsoft Office, and the ability to manage one’s own workload with minimal supervision.

Is experience in the Financial Services Industry preferred?

Yes, experience in the Financial Services Industry is preferred, particularly in understanding oversight and management of Third Party services.

What personal competencies are valued for this role?

Valued competencies include Communication Skills, Information Seeking, Analytical Skills, and an ability to Embrace Change.

Are there any adjustments available in the recruitment process for applicants?

Yes, if you require any adjustments to the recruitment process, you can let the company know so they can assist you.

Does the company promote diversity in the workforce?

Yes, the company values diversity and welcomes inquiries from individuals of all backgrounds.

What is the reporting structure for this role?

The role reports directly to the Head of Outsourcing Oversight.

Phoenix Group

We're the UK's largest long-term savings and retirement business, serving c.13m customers through our consumer brands.

Finance
Industry
5001-10,000
Employees
1782
Founded Year

Mission & Purpose

Phoenix is the UK’s largest long term savings and retirement business. Our customer brands include SunLife, Standard Life, Phoenix Life, and ReAssure. While we have a thriving ‘open’ business through the Standard Life and SunLife brands, a key driver of value for us is our expertise in managing ‘heritage’ books of business no longer open to new customers. We have offices around the UK as well as operations in Dublin and Frankfurt. As one of Britain’s Top Employers, we offer opportunities for you to challenge and develop yourself in a company that looks after our colleagues, customers and communities. Please do not post private information publicly. Phoenix Group is the brand for Phoenix Group Holdings PLC, its subsidiary companies and brands.