Third-Party Risk Management; TPRM Consultant

EXL (NASDAQ: EXLS) is a global data and artificial intelligence ("AI") company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others.

EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect.

We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit

Role

Title:

Third-Party Risk Management (TPRM) Consultant

BU/Segment: Insurance / FRAC Consulting

Location: London, United Kingdom (Flexible hybrid working) / Fully Remote within the United Kingdom

Employment Type: Permanent

We are seeking a Third-Party Risk Management (TPRM) Consultant to support and lead client engagements across the design, implementation, and optimisation of third-party risk programmes,
with a strong focus on the Insurance sector
.

This role is advisory and client-facing in nature, working with senior stakeholders across Procurement, Risk, Compliance, Legal, and Information Security within leading Insurance organisations and other regulated financial services environments
.

The successful candidate will bring deep subject-matter expertise in TPRM, coupled with demonstrable experience working in or advising Insurance clients
, alongside structured consulting skills to assess current-state maturity, define target operating models, and support transformation initiatives for complex, regulated organisations.

Client Advisory & Consulting

• Lead and support TPRM advisory engagements, including programme design, maturity assessments, and regulatory gap analyses, primarily for Insurance clients.
• Advise clients on establishing and enhancing end-to-end TPRM frameworks, covering inherent risk, due diligence, ongoing monitoring, issue management, and exit strategies.
• Develop target operating models (TOMs), RACI, and governance structures aligned to insurance regulatory expectations and operating models.
• Facilitate client workshops with senior stakeholders to define risk taxonomies, materiality thresholds, and decision frameworks.

Insurance Regulatory & Risk Alignment

• Interpret and apply insurance-relevant regulatory requirements, including FCA and PRA supervisory mandates, Operational Resilience, DORA, GDPR, and the EU AI Act.
• Support Insurance clients in preparing for regulatory reviews, internal audits, and risk committee reporting related to third-party risk.
• Assist with remediation of regulatory findings and control gaps in line with insurer risk appetites and supervisory expectations.
• Perform and review third-party risk assessments (as required) across key risk domains including Operational, IT, Data Privacy, Financial, Business Continuity, and ESG, within Insurance operating environments.
• Support the design of ongoing monitoring models, KRIs, and MI suitable for senior management and board-level reporting in regulated insurance firms.
• Assist clients in managing third-party incidents, issues, and remediation plans.

Delivery & Stakeholder Management

• Manage work streams within larger transformation programmes, ensuring timely delivery and high-quality output.
• Prepare executive-ready deliverables, including assessment reports, risk dashboards, and steering committee materials.
• Build trusted relationships with client stakeholders at Manager, Director, and Executive levels

• 6–8 years’ experience in Third Party Risk Management, supplier risk, or related risk advisory roles.
• Strong preference for candidates with direct experience working within, or consulting to, Insurance organisations.
• Experience supporting regulated Financial Services clients;
  Insurance sector experience is highly desirable and will be prioritised.
• Prior experience within management consulting, Big Four, or professional services environments is…