Genie AI on cord

Genie AI

Vendor Risk Management Policy

External position
Remote in UK
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LegalTech
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Active
over 6 months ago
Posted
2 months ago
Checked
cord regularly checks that external positions are still open
2 days ago

Skills & Experience

Job roles: Risk and Compliance
Experience level: Junior, Mid, Senior
Core skills considered: Stakeholder Management, Communication software
Other skills considered: Client relations, Process management

Logistics

Base salary: Undisclosed
Some companies on cord are unable to disclose salaries publicly due to internal company policies. Message the company for salary information.
Employment type: Permanent
Remote working: Remote
Work from: Within United Kingdom
Visa sponsorship: Not available

Job Description

A Vendor Risk Management Policy sets out how your organization evaluates, monitors, and manages potential risks from external suppliers and business partners. It's a crucial framework that helps protect your business from supplier-related threats like data breaches, service disruptions, or compliance failures under UK data protection and financial services regulations.

The policy typically outlines due diligence requirements, risk assessment criteria, and ongoing monitoring procedures for vendor relationships. It helps ensure suppliers meet your security standards, maintain business continuity, and comply with key UK legislation like the Data Protection Act 2018. Organizations use these policies to rank vendor risks, establish clear oversight responsibilities, and create response plans for vendor-related incidents.

A Vendor Risk Management Policy becomes essential when your organization starts working with external suppliers who handle sensitive data, provide critical services, or impact your operations. You need this policy in place before onboarding new vendors, especially those accessing personal data under UK GDPR or providing regulated financial services.

Use it to screen potential vendors, set clear expectations during contract negotiations, and monitor existing supplier relationships. The policy proves particularly valuable when expanding your supplier network, responding to regulatory audits, or managing incidents involving third-party service providers. It helps demonstrate due diligence to regulators and provides a framework for consistent vendor oversight.


About the Vendor Risk Management Policy

  • Risk Assessment: Map out your vendor categories, critical services, and data access levels
  • Regulatory Review: Identify UK compliance requirements affecting your vendor relationships, especially GDPR and sector-specific regulations
  • Internal Input: Gather feedback from procurement, legal, IT, and operations teams about vendor management challenges
  • Control Framework: Define risk scoring criteria, due diligence requirements, and monitoring frequencies
  • Process Documentation: Outline vendor onboarding, ongoing monitoring, and incident response procedures
  • Policy Structure: Use our platform to generate a comprehensive policy template that includes all required elements and compliance safeguards

Types of Vendor Risk Management Policy

  • Basic Policy: Covers fundamental vendor screening, risk assessment criteria, and monitoring procedures - ideal for small to medium businesses with straightforward supplier relationships
  • Enterprise-Grade Policy: Includes advanced risk matrices, detailed compliance controls, and comprehensive monitoring frameworks for large organizations managing complex vendor networks
  • Regulated Industry Policy: Features enhanced due diligence requirements and specific controls for financial services, healthcare, or government contractors under UK regulatory frameworks
  • Technology-Focused Policy: Emphasizes cybersecurity controls, data protection measures, and technical compliance requirements for IT service providers
  • Supply Chain Policy: Focuses on operational continuity, logistics risks, and tiered supplier management for manufacturing and retail sectors

Who should typically use a Vendor Risk Management Policy?

  • Risk and Compliance Teams: Draft and maintain the policy, conduct vendor assessments, and ensure alignment with UK regulatory requirements
  • Legal Department: Reviews policy content, ensures compliance with UK law, and advises on enforcement mechanisms
  • Procurement Officers: Apply the policy during vendor selection and contract negotiations
  • Senior Management: Approve the policy, oversee its implementation, and take responsibility for vendor risk oversight
  • Vendor Management Teams: Handle day-to-day policy implementation, monitor vendor performance, and maintain relationship records
  • External Vendors: Must comply with policy requirements and demonstrate ongoing adherence to specified standards

How to write a Vendor Risk Management Policy

  • Risk Assessment: Map out your vendor categories, critical services, and data access levels
  • Regulatory Review: Identify UK compliance requirements affecting your vendor relationships, especially GDPR and sector-specific regulations
  • Internal Input: Gather feedback from procurement, legal, IT, and operations teams about vendor management challenges
  • Control Framework: Define risk scoring criteria, due diligence requirements, and monitoring frequencies
  • Process Documentation: Outline vendor onboarding, ongoing monitoring, and incident response procedures
  • Policy Structure: Use our platform to generate a comprehensive policy template that includes all required elements and compliance safeguards

What should be included in a Vendor Risk Management Policy?

  • Policy Scope: Clear definition of covered vendor relationships and risk categories
  • Risk Assessment Framework: Detailed criteria for evaluating vendor risks and classification methods
  • Due Diligence Requirements: Specific checks and documentation needed for vendor approval
  • Data Protection Controls: GDPR-compliant measures for handling vendor data access and processing
  • Monitoring Procedures: Defined frequency and methods for ongoing vendor assessment
  • Incident Response Protocol: Steps for managing vendor-related breaches or failures
  • Governance Structure: Clear roles and responsibilities for policy enforcement
  • Review and Updates: Schedule and process for policy maintenance

Difference between a Vendor Risk Management Policy and a Risk Management Policy

  • Scope and Coverage: Vendor Risk Management Policies specifically target external supplier relationships and third-party risks, while Risk Management Policies cover all organizational risks, including internal operations, market conditions, and strategic decisions
  • Assessment Framework: Vendor policies include supplier-specific evaluation criteria, due diligence requirements, and monitoring protocols. Risk Management Policies use broader risk matrices covering diverse organizational threats
  • Implementation Focus: Vendor policies concentrate on supplier selection, monitoring, and relationship management. Risk Management Policies address enterprise-wide risk strategies and controls
  • Regulatory Compliance: Vendor policies emphasize third-party data protection and supply chain regulations, while Risk Management Policies cover broader regulatory requirements across all business operations

Company Benefits

  • Substantial equipment budget for you to set up working environment, including a top of the range laptop
  • Private healthcare
  • Unlimited holiday
  • Generous share options - we want everyone to share in our success!
  • Cycle to work scheme
  • Regular meditation and wellbeing sessions
  • Optional payroll/pre-tax charity giving
  • Unlimited budget for business, law or technology books
  • Regular team lunches and dinners after lockdown (and plenty of social activity in the meantime!)
  • Full access to the Juno employee benefits platform!
  • Free access to our Genie product
Vendor Risk Management Policy at Genie AI
Position posted 2 months ago

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Photos people at Starling BankPhotos people at Starling BankPhotos people at Starling BankPhotos people at Starling BankPhotos people at Starling Bank
Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech 路 Banking 路 Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: 拢70K - 拢110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK鈥檚 first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK鈥檚 first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We鈥檙e a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We鈥檙e a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day鈥檚 holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
Alex Yeates on cord
Message Alex Yeates at Starling Bank
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