Team Lead (Third Party Risk Management)

Join us and get a once-in-a-lifetime opportunity to literally build a local banking champion!

The Team Lead (Third-Party Risk Management) leads the delivery and continuous improvement of third-party risk management across the lifecycle. Combining people leadership, functional oversight and hands-on expertise, the role ensures effective risk management, strong stakeholder collaboration and consistent execution of the Third-Party Management framework.

• Lead and coordinate the Third-Party Risk Management team, ensuring effective work allocation, prioritization, capacity planning, quality, and timely delivery
• Foster a collaborative team environment by setting clear expectations, providing regular feedback and coaching, and supporting professional development, knowledge sharing, and team coverage
• Oversee and quality-assure third-party risk activities across the lifecycle, including screening, due diligence, risk assessment, findings identification, remediation, ongoing monitoring and related decision support
• Provide advice, review and challenge on complex or significant third-party risk matters
• Ensure incomplete, unclear or inconsistent information, risk findings, control gaps, remediation actions, dependencies and escalation points are identified, assigned, tracked and progressed appropriately
• Act as the primary escalation point for operational and technical third-party risk matters within the team, resolving issues where possible and escalating significant concerns
• Lead the design, implementation, execution and continuous improvement of Third Party Risk Management frameworks, processes, controls, methodologies, tools, reporting and ways of working
• Oversee support for third-party-related business continuity, process continuity, exit strategy and resilience planning and testing where third-party services support or impact critical or important business processes
• Build strong relationships with key stakeholders and control functions, ensuring clear, action-oriented communication, recommendations and reporting to support effective decision-making
• Ensure conclusions, rationale, evidence, data, decisions and follow-up actions are documented and maintained to support auditability, monitoring, effective handover and regulatory or internal review
• Contribute personally to complex assessments, priority initiatives and remediation activities

• At least 5 years of experience in third-party risk management, outsourcing risk, vendor management, operational risk, compliance or a related field, preferably within financial services
• Proven experience leading, coordinating or supervising professional teams or workstreams, including work allocation, quality assurance, coaching and performance management
• Strong understanding of the regulatory requirements related to third-party and outsourcing risk management
• Hands-on experience with third-party due diligence, risk assessments, remediation, ongoing monitoring, business continuity, exit planning or resilience activities
• Experience developing or improving risk frameworks, processes, controls, methodologies and management reporting
• Strong leadership, analytical and critical-thinking skills, with sound judgement and the confidence to challenge constructively
• Excellent stakeholder management, influencing, negotiation and communication skills, including experience working with senior stakeholders and governance bodies
• Ability to prioritise and coordinate multiple tasks and competing demands in a cross-functional, cross-border environment
• Bachelor’s degree in Economics, Business, Risk Management, Information Technology or a related field
• Professional proficiency in MS Office and experience with relevant vendor, supplier, risk or workflow management tools
• Fluent English and local language are required in spoken and written communication due to working on Pan-Baltic level

• Flexible working hours, Hybrid work, and the possibility to work from anywhere in the EU, Iceland, Switzerland, and the UK (in total 90 days per year)
• Teams that go outside Pan-Baltic borders, where people value challenging work together with good humor and having fun
• You’ll be joining a team where things move fast, ideas flow freely, and change is part of the everyday. It’s a dynamic environment that keeps you learning, growing, and never bored
• Additional weeks of vacation are available to all employees who have been in the company for 1 year or more
• We care about giving back to society, therefore, you will get additional days off for volunteering purposes
• We are proud of our employees who are participating in military training. Therefore, Luminor offers 30 fully paid calendar days for military training every year
• A competitive benefits package in addition to your salary that includes health insurance after the first 3 months pass in all three Baltic states, as well as Health days in case of your absence due to sickness without a doctor's note needed
• Access to tools and resources that help you feel good and be productive at work and in life
• Internal and external training programs, LinkedIn learning, workshops, conferences, online training, etc
• Enjoy special offers & pricing for products and services provided by Luminor