Director Group Third Party Risk
UK Visa Sponsorship Analytics
Analytics are greyed out due to low classification confidence (43.0%).
Occupation TypeChief executives and senior officials
Occupation Code Skill LevelHigher Skilled
Sponsorship Salary Threshold
£88,100
(£45.18 per hour)
Occupation rate applies
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Description
Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
The Director, Group Third Party Risk Management – First Line Risk & Control is accountable for the ownership, implementation, and effective operation of the firm’s third party risk management (TPRM) framework across the group.
Operating as a senior first line leader, the role ensures that risks arising from third parties — including outsourcing arrangements, suppliers, vendors, non‑supplier third parties, and strategic partners — are identified, assessed, managed, and monitored throughout the full third party lifecycle.
The role acts as the primary first line owner of the group third party risk framework, working in close partnership with business leaders, business‑aligned third party management officers, Procurement, Legal, Information Security, Operational Resilience, Data Privacy, and enterprise First Line GRC teams. The role also provides leadership to the first line third party risk community, embedding a strong risk culture, clear accountability, and consistent practices aligned to enterprise expectations.
Main Responsibilities
First Line Ownership of Third Party Risk
Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
The Director, Group Third Party Risk Management – First Line Risk & Control is accountable for the ownership, implementation, and effective operation of the firm’s third party risk management (TPRM) framework across the group.
Operating as a senior first line leader, the role ensures that risks arising from third parties — including outsourcing arrangements, suppliers, vendors, non‑supplier third parties, and strategic partners — are identified, assessed, managed, and monitored throughout the full third party lifecycle.
The role acts as the primary first line owner of the group third party risk framework, working in close partnership with business leaders, business‑aligned third party management officers, Procurement, Legal, Information Security, Operational Resilience, Data Privacy, and enterprise First Line GRC teams. The role also provides leadership to the first line third party risk community, embedding a strong risk culture, clear accountability, and consistent practices aligned to enterprise expectations.
Main Responsibilities
First Line Ownership of Third Party Risk
- Own group‑level oversight of third party risks, ensuring risks are identified, assessed, mitigated, and monitored in line with firm standards and regulatory expectations.
- Ensure robust third party risk assessments are completed at onboarding, renewal, material change, and exit stages.
- Oversee due diligence activities covering financial, operational, technology, cyber, data, privacy, resilience, and regulatory risk domains.
- Ensure contractual risk requirements are defined, implemented, and monitored in partnership with Procurement and Legal.
- Maintain oversight of material and high‑risk third parties, including concentration, dependency, and substitutability risks.
- Chair and contribute to relevant first line governance forums covering third party and outsourcing risk.
- Define and maintain group‑level third party risk metrics, key risk indicators, and management information, ensuring accuracy and transparency.
- Oversee ongoing monitoring, performance management, and issue remediation for critical and high‑risk third parties.
- Ensure timely escalation of material third party incidents, breaches, or control failures to senior management and appropriate governance committees.
- Act as the senior first line risk partner to technology and business stakeholders on third party risk matters.
- Work closely with Procurement, Legal, Information Security, Data Privacy, Operational Resilience, and Enterprise Risk teams to ensure joined‑up risk management.
- Build and lead a high‑performing third party risk team aligned to the First Line GRC operating model.
- Set clear objectives, performance expectations, and development plans aligned to enterprise priorities.
- Act as a role model for effective first line risk ownership and pragmatic risk management.
Key Knowledge, Skills and Experience
- Significant experience in third party risk management, outsourcing risk, or operational risk within a regulated financial services or large‑scale technology environment.
- Strong understanding of third party risk frameworks, lifecycle management, and regulatory expectations.
- Proven experience embedding third party risk controls into technology delivery and operational processes.
- Demonstrated ability to engage and influence senior stakeholders within a first line ownership model.
- Experience leading teams and operating effectively within a matrixed organisation.
- Experience operating within a large financial services enterprise with global third party arrangements.
- Exposure to cross‑border outsourcing and global supplier landscapes.
- Understanding of dependencies between third party risk, operational resilience, data protection, and technology risk.
- Senior‑level stakeholder engagement and influence
- Strong ownership and accountability mindset
- Pragmatic, delivery‑oriented approach to risk management
- Ability to balance business enablement with robust risk and control discipline
At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:
- As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.
- Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.
- Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.
- Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.
We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions.
If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com