The Fidelis Partnership is a leading privately-owned, Bermuda-based Managing General Underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. The Fidelis Partnership is one of the largest Managing General Underwriters globally and its operations also include outwards reinsurance, claims handling, exposure management and portfolio analytics. The Fidelis Partnership also sponsors and incubates specialist MGAs through its Pine Walk platform. The Fidelis Partnership is separately owned and managed from the ownership and management of Fidelis Insurance Group.
Across product lines and geographies, we focus on three diversified pillars: reinsurance, specialty and bespoke solutions. We are truly diversified. Our long-standing partnerships with capital providers and quota share partners make us nimble. Our breadth of expertise and capabilities deliver outstanding market returns.
The role
We are looking for an experienced Third-Party Risk Management Specialist to support the end-to-end assessment and oversight of third-party suppliers within a regulated environment.
You will be responsible for understanding supplier services and dependencies, assessing the quality of supporting evidence, coordinating specialist reviews, and maintaining clear and defensible records of risks, decisions, conditions and actions.
This role would suit an evidence-led risk professional who combines strong analytical judgement with disciplined case management and has experience working within third-party risk, operational risk, supplier risk, compliance or a related area.
Key accountabilities
Deliver proportionate, evidence-based third-party risk assessments from initial intake through approval, ongoing monitoring, reassessment and exit.
Understand supplier services, ownership structures, delivery models, legal entities, locations, data use, technology dependencies and potential business impact.
Coordinate corporate due diligence and supplier screening, including company registration, ownership and control information and supporting evidence.
Assess inherent risk and service criticality based on the nature of each arrangement, documenting the rationale and triggering reassessment following material changes.
Review questionnaires, policies, certifications and other supporting evidence for completeness, consistency and relevance.
Identify unsupported claims, inconsistencies, control gaps, remediation requirements and overdue actions.
Coordinate input from Information Security, Privacy, Compliance, Legal, Risk, Finance, Resilience and Technology specialists.
Track findings, remediation activity, approval conditions, exceptions, risk acceptance and outstanding actions through to completion.
Support assessments relating to outsourcing, ICT third-party risk, operational resilience, cloud, SaaS, managed services, AI and data processing.
Produce concise risk summaries and management information using Excel, TPRM/GRC platforms and other reporting tools.
Support the continued development and improvement of third-party onboarding and due diligence processes.
Maintain clear and auditable records of classifications, findings, decisions, conditions, owners and key dates.
Third-Party Risk Assessment: Ability to understand a service, identify key dependencies and apply proportionate due diligence throughout the third-party lifecycle.
Evidence Evaluation: Strong ability to assess questionnaires, policies, SOC reports, ISO certifications, resilience testing and remediation evidence, identifying gaps or inconsistencies.
Risk & Control Judgement: Good understanding of inherent risk, controls, residual risk, remediation, risk acceptance and escalation.
Regulatory & Resilience Awareness: Understanding of third-party risk, outsourcing, ICT risk and operational resilience requirements within regulated environments, including exposure to DORA, FCA/PRA outsourcing requirements, EBA guidance or comparable frameworks.
Technology & Data Literacy: Comfortable discussing SaaS, cloud, managed services, system access, data processing and cyber dependencies with relevant specialists.
Corporate Due Diligence: Ability to interpret company identity, registration, ownership and control information, supplier screening and related evidence.
Case Management & Auditability: Strong organisational skills with the ability to manage multiple assessments, actions, owners, deadlines and supporting evidence.
Analysis & Communication: Ability to turn complex information into clear findings, risk summaries, management information and reporting.
Skills & experience
Previous experience within third-party risk management, vendor risk, operational risk, supplier due diligence, compliance, information security, resilience or a related discipline.
Experience completing supplier onboarding, inherent risk assessments, due diligence, ongoing monitoring or reassessments.
Experience within insurance, reinsurance, banking, payments or another regulated sector would be beneficial.
Practical exposure to DORA, ICT third-party risk, outsourcing or operational resilience would be advantageous.
Experience assessing cloud, SaaS, managed services, data, AI or other technology suppliers.
Experience using TPRM/GRC platforms such as ServiceNow, Archer, OneTrust, Coupa Risk Assess, ProcessUnity or similar systems would be beneficial.
Strong Excel skills, with Power BI or comparable reporting experience advantageous.
Relevant qualifications in operational risk, compliance, information security, resilience, procurement or financial services would be beneficial.
Experience of process improvement, particularly across supplier onboarding and due diligence processes, would be valued.
Other
The Fidelis Partnership Ethos
At The Fidelis Partnership, we aim to be different while making a difference.
We set the standard for quality in our industry. Guided by our expertise, our clients can take unique and material risks with confidence.
Our approach is tailored and designed to deliver excellence for our clients. We are trailblazers, creating unique solutions in the (re)insurance space.
We are experts. Our brokers and clients value the depth of our knowledge and experience. We leverage state-of-the-art underwriting technology to be a market leader.
We believe sound ethics make for good business. We deliver value for our customers, investors and communities while actively avoid trading with industries that cause harm to people, the environment and animals.
We pride ourselves in creating a workplace that prizes execution, meritocracy, Diversity & Inclusion. Our people herald from countless backgrounds and are united by ambition and the unabashed desire to deliver excellence every day. We provide a competitive environment that helps people cultivate themselves professionally and personally and balance a rigorous workplace with a mindset that prioritises environmental and charitable activities in our communities worldwide
Our ethos dictates our decisions and actions. It unites us as a team of experts and colleagues and provides us with a compass for ensuring we deliver our best to every stakeholder we serve.
Diversity, Equity & Inclusion
Diversity & Inclusion in the workplace
Insofar as possible, we aim to ensure the composition of our workforce reflects the make-up of the local community
We have specific programmes in all our offices to support diversity within the hiring process, e.g. internship and scholarship award programmes
This is a particular focus in Bermuda, where we engage actively with local organisations to source diverse talent and provide coaching/mentoring for underrepresented groups
We aim to maintain a focus on equal opportunities across all stages of hiring process
We measure and minimise the pay gap where possible.
Bring Your Whole Self to Work
Our vision is for a workplace culture where differences are valued and where diversity of background, experience and thought are welcomed. We want to create an environment where all employees, regardless of who they are, are given equal opportunities for career progression and enjoy fair reward from their and The Fidelis Partnership's successes. This will be driven by a workforce that embraces Diversity & Inclusion at every level, in every department across The Fidelis Partnership.
To ensure that all candidates have a fair opportunity to show their abilities during the recruitment process, adjustments may be required. If your physical or mental health or disability may necessitate an adjustment, please contact fidelis@avenciaconsulting.com to discuss. All information relating to your health or disability will be treated in accordance with our data protection policy.
