Team Lead (Third Party Risk Management)

Yes, you can! That's our attitude towards our work, ambitions, ideas, and relationships. We at Luminor believe that anyone has the potential to achieve big things and encourage everyone to achieve them, professionally and personally.

Whoever you are and whatever your role is, with Luminor, you will get a once-in-a-lifetime opportunity to build a local banking champion.

The Team Lead (Third-Party Risk Management) leads the delivery and continuous improvement of third-party risk management across the lifecycle. Combining people leadership, functional oversight and hands-on expertise, the role ensures effective risk management, strong stakeholder collaboration and consistent execution of the Third-Party Management framework.

• Lead and coordinate the Third-Party Risk Management team, ensuring effective work allocation, prioritization, capacity planning, quality, and timely delivery

• Foster a collaborative team environment by setting clear expectations, providing regular feedback and coaching, and supporting professional development, knowledge sharing, and team coverage

• Oversee and quality-assure third-party risk activities across the lifecycle, including screening, due diligence, risk assessment, findings identification, remediation, ongoing monitoring and related decision support

• Provide advice, review and challenge on complex or significant third-party risk matters

• Ensure incomplete, unclear or inconsistent information, risk findings, control gaps, remediation actions, dependencies and escalation points are identified, assigned, tracked and progressed appropriately

• Act as the primary escalation point for operational and technical third-party risk matters within the team, resolving issues where possible and escalating significant concerns

• Lead the design, implementation, execution and continuous improvement of Third Party Risk Management frameworks, processes, controls, methodologies, tools, reporting and ways of working

• Oversee support for third-party-related business continuity, process continuity, exit strategy and resilience planning and testing where third-party services support or impact critical or important business processes

• Build strong relationships with key stakeholders and control functions, ensuring clear, action-oriented communication, recommendations and reporting to support effective decision-making

• Ensure conclusions, rationale, evidence, data, decisions and follow-up actions are documented and maintained to support auditability, monitoring, effective handover and regulatory or internal review

• Contribute personally to complex assessments, priority initiatives and remediation activities

• At least 5 years of experience in third-party risk management, outsourcing risk, vendor management, operational risk, compliance or a related field, preferably within financial services

• Proven experience leading, coordinating or supervising professional teams or workstreams, including work allocation, quality assurance, coaching and performance management

• Strong understanding of the regulatory requirements related to third-party and outsourcing risk management

• Hands-on experience with third-party due diligence, risk assessments, remediation, ongoing monitoring, business continuity, exit planning or resilience activities

• Experience developing or improving risk frameworks, processes, controls, methodologies and management reporting

• Strong leadership, analytical and critical-thinking skills, with sound judgement and the confidence to challenge constructively

• Excellent stakeholder management, influencing, negotiation and communication skills, including experience working with senior stakeholders and governance bodies

• Ability to prioritise and coordinate multiple tasks and competing demands in a cross-functional, cross-border environment

• Bachelor’s degree in Economics, Business, Risk Management, Information Technology or a related field

• Professional proficiency in MS Office and experience with relevant vendor, supplier, risk or workflow management tools

• Fluent English and local language are required in spoken and written communication due to working on Pan-Baltic level

• Flexibility. Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)

• International teams. Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun

• Culture. You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored

• More vacation. Additional weeks of vacation are available to all employees who have been in the company for 1 year or more

• Volunteer time off. We care about giving back to society, therefore, you will get additional days off for volunteering purposes

• Paid leave. We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year

• Health benefits. A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed

• Wellbeing. Access to tools and resources that help you feel good and be productive at work and in life

• Professional growth. Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc

• Special Offer for Luminor products & services. Enjoy special offers & pricing for products and services provided by Luminor

• Gross salary. 3700 - 5000EUR/month, which is to be determined depending on your level of experience and competencies

The application deadline is the 30th of October. We are looking for a candidate primarily already located within the Baltics. Please apply with your CV in English and PDF format!