Third Party Risk SME | Banking
Location: London (Hybrid) | Practice Area: Business Consulting | Type: Fixed Term Contract – 6 Months
Provide expert guidance on Third Party Risk Management for a major banking transformation programme.
The RoleWe're looking for an experienced Third Party Risk specialist to provide subject matter expertise across a major banking transformation programme. You'll play a key role in shaping policy, governance and operating model design as the bank modernises its Third Party Risk Management framework.
Working alongside programme leadership and senior stakeholders, you'll provide expert guidance, validate business requirements, support policy development and ensure the future operating model aligns with regulatory expectations and industry best practice.
What You'll DoProvide subject matter expertise across a strategic Third Party Risk Management transformation programme.
Support the design of policies, governance frameworks and operating models aligned with regulatory requirements and industry best practice.
Validate business and functional requirements, ensuring they reflect effective third-party risk management principles.
Collaborate with programme leadership and senior stakeholders to provide trusted guidance throughout the transformation lifecycle.
Review and challenge proposed solutions to ensure they are practical, scalable and support effective supplier governance.
Proven Third Party Risk Management experience within a large banking organisation.
Strong knowledge of supplier governance, procurement processes and regulatory expectations within financial services.
Experience contributing to large-scale transformation programmes, operating model design or policy development.
Excellent stakeholder management and communication skills, with the ability to influence and provide credible advice at senior levels.
Strong analytical and problem-solving skills with the ability to interpret complex regulatory and business requirements.
Experience supporting Target Operating Model or procurement transformation programmes.
Knowledge of relevant banking regulations relating to outsourcing and third-party risk.
Consulting experience delivering transformation within financial services.
Experience working across Risk, Procurement, Compliance and Technology functions.
Familiarity with industry-standard Third Party Risk Management frameworks and controls.
Deliver high-impact transformation programmes for Tier 1 financial institutions.
Work in a collaborative, flat and entrepreneurial consulting culture.
Access continuous learning, professional training and industry certifications.
Help clients strengthen resilience through effective risk and regulatory transformation.
Shape the future of financial services through meaningful change.
Core Benefits: Discretionary bonus, competitive pension, health insurance, life insurance and critical illness cover.
Mental Health: Easy access to CareFirst, Unmind, Aviva consultations and in-house first aiders.
Family-Friendly: Maternity, adoption and shared parental leave, plus paid leave for sickness, pregnancy loss, fertility treatment, menopause and bereavement.
Holiday Flexibility: Five weeks of annual leave with the option to buy or sell holiday days based on your needs.
Continuous Learning & Extras: Minimum 40 hours of training annually, Business Coach from Day One, online GP services, Gympass (Wellhub), travel insurance, Tastecard, season ticket loans, Cycle to Work and dental insurance.
We're committed to making our recruitment process accessible and straightforward for everyone. If you need any adjustments at any stage, just let us know—we'll be happy to help. We value each person's unique perspective and contribution. At Capco, we believe that being yourself is your greatest strength. Our #BeYourselfAtWork culture encourages individuality and collaboration—a mindset that shapes how we work with clients and each other every day.
#LI-KA1
Skills Required
- Proven Third Party Risk Management experience within a large banking organisation.
- Strong knowledge of supplier governance, procurement processes and regulatory expectations within financial services.
- Experience contributing to large-scale transformation programmes, operating model design or policy development.
- Excellent stakeholder management and communication skills with ability to influence senior levels.
- Strong analytical and problem-solving skills with ability to interpret complex regulatory and business requirements.
- Experience supporting Target Operating Model or procurement transformation programmes.
- Knowledge of relevant banking regulations relating to outsourcing and third-party risk.
- Consulting experience delivering transformation within financial services.
- Experience working across Risk, Procurement, Compliance and Technology functions.
- Familiarity with industry-standard Third Party Risk Management frameworks and controls.
What the Team is Saying
Capco Compensation & Benefits Highlights
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Healthcare Strength — Health, dental, and vision coverage are described as solid with low copays and a good variety of choices, complemented by mental‑health resources, an EAP, and wellbeing events. Company materials emphasize global availability of these supports.
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Parental & Family Support — Enhanced maternity, paternity, adoption, and shared parental leave are highlighted, with several months of maternity leave noted in the U.S. in some accounts. Additional paid leave is called out for life events such as pregnancy loss, fertility treatment, menopause, and bereavement.
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Wellbeing & Lifestyle Benefits — A global wellbeing program, coaching/mentoring, mental‑health initiatives, and wellness reimbursements (e.g., gym, fitness) are positioned as core parts of the offering. Flexible working is emphasized alongside regionally tailored wellbeing events.
Capco Insights
What We Do
Capco, a Wipro company, is a global management and technology consultancy specializing in driving transformation in the energy and financial services industries. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. TRUSTED ADVISORS - Our collaborative and entrepreneurial approach position us as trusted long-term partners to our clients. DEEP EXPERTISE - Clients look to us for clear guidance, proven expertise, and the support they need to set their companies up for success. DISRUPTIVE SOLUTIONS- We do not provide off -the-shelf answers to clients’ challenges. Instead, we work in close collaboration to understand the issues, and craft disruptive, bespoke solutions. ACCOUNTABILITY AND OWNERSHIP - We recognize every client has distinct needs and expectations, and we take ownership and accountability for the solutions we design, build, and deliver.
Why Work With Us
We support and encourage an inclusive culture, entrepreneurial outlook and independent thinking. Capco is not about organizational charts and rigid hierarchies – we want all employees to feel that Capco is their firm to own and run. We believe diversity powers innovation. Be Yourself At Work (#BYAW) is an integral and underlying part of our culture
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Capco Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
