Munich Re Specialty
Operational Resilience & Vendor Management Specialist
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Operational Resilience & Vendor Management Specialist
We are looking for an Operational Resilience & Vendor Management Specialist to join our team in our Manchester Office on a full-time basis with hybrid working of 2-3 days per week.
Overall Objective
The Operational Resilience & Third-Party Risk Governance Specialist will play an important role in supporting the continued development, operation, and enhancement of the Operational Resilience and Third Party Vendor Management frameworks across GSI4, supporting MRSG, MRSL, MRSI UK, and MRRSI.
This is a varied and visible role within a small, dynamic Operations Management team, offering the successful candidate the opportunity to build deep experience across operational resilience, incident reporting, third-party vendor management reporting, policy review, and regulatory awareness.
The role will have a particular focus on producing clear, accurate, and senior-level documentation, including incident reports, root cause analysis, lessons learned, Executive Committee updates, Governance Forum papers, Board documentation, regulatory submissions, policy reviews, and supporting materials for regulatory engagement.
The successful candidate will help translate operational resilience and third-party risk matters into clear, practical, and well-structured narratives for senior stakeholders, while supporting the ongoing review of policies, procedures, and frameworks to ensure alignment with Munich Re requirements and applicable regulatory expectations, including Lloyd's, FCA, and PRA requirements.
This role would suit someone who is proactive, curious, and keen to make the role their own, using it as a strong development platform for a long-term career in Operational Resilience and Third-Party Vendor Management.
Responsibilities
Operational Resilience & Incident Management
- Coordination and support of operational resilience incident reporting.
- Drafting incident summaries, root cause analysis, lessons learned, and remediation plans.
- Tracking actions, vulnerabilities, and support escalations to governance forums.
- Business Continuity Planning (BCP) and alignment with Operational Resilience frameworks.
- Annual reviews including self-assessments and updating plans.
- Ensure resilience documentation reflects current processes, people, systems, and third-party dependencies.
- Conducting impact analyses.
- Identify critical business services.
- Assess operational impacts, tolerances, and time-critical activities.
- Evaluate third-party resilience including assessments of vendors’ resilience capabilities & ensuring contractual resilience obligations are adhered to and evidenced.
- Develop, maintain, and own the incident reporting process which is introduced through the PRA/FCA regulation around Operational Incident Reporting (PRA SS1/26)
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Third Party Vendor Management
- Monitoring important third-party arrangements, SLA performance, & KPIs.
- Third-party due diligence and ongoing monitoring.
- Onboarding and lifecycle management of vendors including contract reviews.
- Third-party arrangement inventory & systems records additions & updates.
- Contract assessment & remediation support.
- Regulatory compliance assessments, validation, and submission preparation support.
- Annual reviews and updates to plans.
Board, Executive & Regulatory Reporting
- Draft and review Executive Committee, Governance Forums, and Board papers.
- Translate technical matters into clear senior-level narratives.
Policy & Regulatory Awareness
- Draft, Review, develop, and maintain including the regular review cycle of relevant policies, regulatory submissions, guidelines, and procedures managed by the 1st line of defense e.g. Operational Resilience Policy, Business Continuity Plan, Wind Down Plans Third Party Risk policies, and other related documentation ensuring alignment with Munich Re Frameworks and regulatory requirements from governing bodies (e.g. Lloyd’s, FCA, & PRA).
- Monitor regulatory developments (FCA, PRA, Lloyd’s) and conduct any necessary impact assessments.
General Responsibilities
- To raise the profile of Operational Resilience and Third-Party Vendor Management within business and IT including training, lunch and learns, etc.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Knowledge and Skills
- Must have experience working in Operational Resilience or Third-Party Vendor/Risk Management within a regulated environment.
- Strong understanding of Operational Resilience, Outsourcing, Vendor Management & Business continuity regulation (Lloyd’s, FCA, and PRA).
- Experience in the insurance industry and in particular, for a candidate with an understanding of regulatory standards for insurance.
- Must have excellent report writing skills, experience of preparing reports, policies, and presentations for senior management / committee or board review.
- Must have ability to appropriately question, support, and challenge the business at all levels and present considered and balanced opinions, findings, and recommendations.
- Should be focused on completing activities, pragmatic solutions-oriented, and be conscientious with developing collaborative relationships with stakeholders.
- Proven experience achieving results in a multifunctional and inclusive international environment with a culture of be present, be bold, and be curious.
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If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognize diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and Innovating Today, Striving for Sustainable Societies and Business Tomorrow
At Munich Re Specialty – Global Markets, our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social, and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.
Learn more about sustainability at Munich Re – choose your impact!
Benefits
- 25 days Annual Leave + Bank Holidays
- 10% Non-contributory Pension
- Eligibility for an Annual Bonus
- Private Medical + Dental Insurance
- Critical illness insurance + Life Assurance + Permanent Health Insurance
- Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
- Electric Vehicle Salary Sacrifice Scheme
- Study & continuing Professional Development Support
- Hybrid Working + IT Home Set-up Support
#BePresent #BeBold #BeCurious
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