Albany Beck
Insurance TPRM Assurance Business Analyst
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Insurance TPRM Assurance Business Analyst
About Albany Beck Albany Beck is a Management Consultancy focused on providing specialist talent and transformative solutions to Financial Services clients. We combine subject matter expertise with innovative delivery models that help clients scale efficiently while offering meaningful, long-term career opportunities to our people. At Albany Beck, you'll be choosing to work with an organisation passionate about your learning journey and committed to your professional and personal development.
Role Overview We are seeking an experienced Third-Party Risk Management (TPRM) Business Analyst to join a major regulatory transformation programme, supporting a leading Financial Services organisation.
This role plays a critical part in helping the organisation enhance its Third-Party Risk Management and outsourcing capabilities in response to evolving regulatory requirements and operational resilience expectations. The successful candidate will work closely with Risk, Procurement, Compliance, Legal, Technology, and Business stakeholders to:
- Identify compliance gaps
- Define future-state processes
- Support pragmatic solutions' delivery
The programme focuses on strengthening governance, controls, and oversight of third-party relationships while embedding sustainable business-as-usual capabilities across the organisation. This is a highly business-focused role requiring strong stakeholder engagement, business analysis, and process design expertise—prioritising supervisory skills over technical delivery.
We are seeking hands-on Business Analysts comfortable working within complex, regulated environments. Apply with experience delivering regulatory change initiatives, ideally in Third-Party Risk Management, Operational Resilience, or Outsourcing Risk programmes.
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Key Responsibilities
- Collaborate with programme leadership and business stakeholders to deliver end-to-end Third-Party Risk Management capabilities.
- Analyse current-state processes, controls, and governance frameworks to identify regulatory and operational gaps.
- Develop pragmatic remediation strategies aligned with regulatory requirements and organisational goals.
- Gather, document, and manage business requirements across multiple workstreams.
- Facilitate workshops, stakeholder interviews, and working groups to capture requirements and drive decision-making.
- Design and document future-state processes, operating procedures, and governance structures.
- Create process maps, business requirements documents, and accompanying artefacts.
- Support the selection and implementation of Third-Party Risk Management tools or platforms.
- Work with Procurement, Risk, Compliance, Legal, and Technology teams to align processes and controls.
- Translate complex regulatory requirements into practical business solutions.
- Support the development of reporting, oversight, and risk management capabilities.
- Contribute to Operational Resilience and Outsourcing Risk initiatives.
- Develop user guidance, training materials, and knowledge transfer documentation.
- Drive stakeholder engagement and adoption of new processes.
- Assist in designing minimum viable compliance and long-term sustainable operating models.
Key Skills & Experience
- Proven Business Analyst experience within Financial Services.
- Strong experience working on regulatory change, risk management, or transformation programmes.
- Hands-on experience in Third-Party Risk Management (TPRM), Vendor Risk Management, or Outsourcing Risk programmes.
- Expertise in requirements gathering, analysis, and documentation.
- Experience facilitating workshops and engaging senior stakeholders across multiple business functions.
- Strong process mapping, process improvement, and business design capabilities.
- Ability to translate regulatory requirements into business needs and operational solutions.
- Exceptional stakeholder management and communication skills.
- Experience developing operating models, governance frameworks, and business processes.
- Strong analytical and problem-solving abilities.
- Comfortable operating in ambiguous, fast-paced transformation environments.
- Ability to challenge existing processes and drive pragmatic outcomes.
- Proficient in producing SOPs, policies, standards, and procedural documentation.
- Delivery-focused, organisational mindset.
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Preferred Experience & Knowledge
- Track record working on Third-Party Risk Management transformation programmes.
- Knowledge of Operational Resilience frameworks and regulatory expectations.
- Experience with outsourcing governance and supplier risk management processes.
- Understanding of regulatory frameworks like:
- PRA SS2/21
- EBA outsourcing guidelines
- DORA
- Experience supporting RFPs, vendor assessments, or technology selection exercises.
- Background within Insurance, Banking, or broader Financial Services.
- Experience embedding sustainable business-as-usual risk management capabilities.
- Familiarity with TPRM platforms like Archer, ServiceNow, OneTrust, MetricStream, or similar.
- Experience driving cross-functional change initiatives in large-scale transformations.
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