Counsel – Third Party Risk Management - Third Party Risk Management

Title:

Counsel – Third Party Risk Management (TPRM)

Company:

Everest Advisors (Uk), Ltd.

Job Category:

Law

Job Description:

About Everest:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

About the Opportunity

Everest is looking for a commercially minded legal professional to join its growing Legal team in a newly created role focused on Third Party Risk Management.

This is an exciting opportunity to work at the heart of a global insurance and reinsurance business, supporting how Everest engages with vendors, consultants and outsourced service providers. Combining commercial contract negotiation, regulatory horizon scanning and third-party risk management, you'll play a key role in helping the business navigate legal and regulatory requirements while enabling strong commercial outcomes.

You'll join a lean, hardworking team that believes in empowering its people, encouraging continuous learning and fostering a culture where feedback flows openly in both directions. The team is passionate about delivering the best outcomes for internal and external clients, values integrity and collaboration, and gives individuals the autonomy and ownership to make a meaningful impact without micromanagement.

Whilst we are ideally seeking a qualified lawyer with some post-qualification experience, we would also welcome applications from experienced paralegals with strong commercial contracts experience who are looking to broaden their responsibilities and take the next step in their career within a dynamic in-house legal environment.

About the Team

The Legal team partners closely with stakeholders across the business to help Everest manage risk, support growth and meet its regulatory obligations. The team takes a pragmatic, commercial approach and is committed to building trusted relationships while delivering high-quality legal support.

This is a safe, supportive environment where people are encouraged to learn, develop and contribute ideas. Team members are given real ownership from day one and are trusted to take responsibility for their work while being supported by experienced colleagues.

Key Responsibilities

Contract Review and Negotiation

• Review, draft and negotiate vendor, consultant, outsourcing, TOBAS and non-disclosure agreements, applying the organisation's risk appetite and standard positions
• Apply proportionate legal review calibrated to contract risk tier (e.g. material outsourcing vs. low-risk vendor arrangements), including under applicable outsourcing/operational resilience regulatory frameworks (e.g. PRA/FCA outsourcing rules, EIOPA/Solvency II outsourcing requirements, DORA where relevant)
• Liaise with procurement, information security, data protection and business stakeholders to ensure contracts reflect operational, security and regulatory requirements
• Identify and escalate contracts raising material legal, regulatory or reputational risk
• Support due diligence and contractual remediation for existing third-party arrangements

Regulatory Horizon Scanning

• Monitor and summarise regulatory developments relevant to third party risk management, outsourcing and operational resilience (UK and Ireland), including PRA, FCA, Central Bank of Ireland, EIOPA and Lloyd's requirements
• Produce concise, business-facing briefings on incoming regulatory change and its practical impact on contracting and vendor oversight practices
• Track implementation deadlines and support the legal team in embedding regulatory changes into templates, playbooks and processes

Template and Playbook Management

• Own and maintain the suite of TPRM-related legal templates (vendor agreements, consultancy agreements, outsourcing clauses, DORA clauses, NDAs) and associated negotiation playbooks
• Keep templates current with regulatory change, business requirements and lessons learned from negotiations
• Support training and guidance materials for procurement and business teams on template use and escalation triggers

General

• Maintain accurate records of contract review status, risk logs and regulatory tracking within the team's systems
• Contribute to continuous improvement of TPRM legal processes, including standardisation and efficiency initiatives

Candidate Profile

• Qualified lawyer (England & Wales) with at least 1 year's PQE, or an experienced paralegal with substantial commercial contracts experience.
• Experience reviewing, drafting and negotiating commercial contracts.
• Exposure to insurance, reinsurance or financial services environments would be advantageous.
• Understanding of regulatory frameworks relating to third-party risk, outsourcing and operational resilience, such as PRA/FCA Outsourcing Rules, Solvency II, DORA or similar frameworks, would be beneficial.
• Strong communication, stakeholder management and negotiation skills.
• Curious mindset with a desire to learn and develop expertise in an evolving regulatory landscape.
• Comfortable working autonomously within a collaborative team environment.
• Organised, detail-oriented and able to manage multiple priorities effectively.

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Full time

Primary Location:

London

Additional Locations: