Project Manager

Senior Project Manager – Global Risk & Compliance Platform

Location: London, UK (Hybrid)

Client Industry: London Market Insurance

About Albany Beck

Albany Beck is an award-winning financial services consultancy specialising in delivering high-quality business and technology transformation solutions. We partner with leading financial institutions to provide experienced consultants who support complex programmes across Risk, Compliance, Operations, Technology and Change Management.

We are seeking an experienced Senior Project Manager to join Albany Beck and work onsite with a prestigious client within the London Insurance Market, supporting a strategic Global Risk & Compliance transformation programme.

Role Overview

The successful candidate will lead a strategic initiative to select, procure and implement a new Global Risk & Compliance platform. The programme is currently progressing through the Request for Proposal (RFP) stage, with the selected candidate responsible for taking ownership of the project through vendor evaluation, business case development, procurement engagement and subsequent platform implementation. This is a business-facing transformation role requiring a strong understanding of Risk Management, particularly First Line of Defense (1LOD), Operational Risk and Third-Party Risk Management (TPRM).

The successful candidate will work closely with a diverse stakeholder group across Risk, Compliance, Procurement, Technology and senior leadership, ensuring the selected solution meets both internal organisational requirements and wider market needs. The platform implementation is planned for 2027, providing an opportunity to manage the full project lifecycle from supplier selection through to delivery.

Key Responsibilities

Project Management & Delivery

• Lead the end-to-end delivery of the Global Risk & Compliance platform programme, from RFP and vendor selection through to implementation.
• Establish project governance, delivery plans, milestones, budgets and reporting frameworks.
• Manage project risks, issues, dependencies and resources to ensure successful delivery.
• Coordinate cross-functional teams and external service providers throughout the project lifecycle.
• Drive the transition from procurement and solution selection into implementation planning and execution.

RFP, Procurement & Vendor Management

• Take ownership of the project during the RFP process, coordinating the review and assessment of supplier responses.
• Work closely with Procurement and Risk stakeholders to evaluate potential technology solutions against business requirements.
• Support vendor selection, commercial evaluation, contract negotiations and procurement approvals.
• Manage relationships with external technology vendors and implementation partners.
• Ensure the selected platform aligns with the organisation's Risk & Compliance objectives.

Business Case Development

• Develop and present a comprehensive business case supporting investment in the new Global Risk & Compliance platform.
• Assess commercial considerations, implementation costs, benefits, risks and expected business outcomes.
• Engage senior stakeholders to secure alignment, approval and funding for the programme.
• Establish clear measures of success and expected benefits to support ongoing programme governance.

Risk & Compliance Transformation

• Work closely with Risk and Compliance teams to understand existing frameworks, processes and operational challenges.
• Ensure platform requirements support First Line of Defence (1LOD) risk management, Operational Risk and Third-Party Risk Management (TPRM).
• Support the development and enhancement of risk management processes, controls and governance frameworks.
• Consider both internal organisational requirements and broader Lloyd's Market risk management needs.
• Translate complex business and regulatory requirements into practical platform capabilities and delivery plans.

Stakeholder Engagement

• Build strong relationships with a diverse stakeholder group across Risk, Compliance, Procurement, Technology and senior leadership.
• Facilitate workshops, steering committees and project meetings to drive decisions and maintain programme momentum.
• Communicate complex project information clearly to technical and non-technical audiences.
• Manage competing stakeholder priorities and ensure alignment across business functions.
• Act as a trusted partner to senior Risk stakeholders, providing challenge, guidance and delivery oversight.

Required Experience

Essential

• Extensive experience as a Senior Project Manager delivering complex business transformation programmes within Financial Services or Insurance.
• Strong background in Risk Management, with a detailed understanding of Operational Risk, First Line of Defence (1LOD) and Third-Party Risk Management (TPRM).
• Demonstrable experience managing RFP processes, vendor evaluations, supplier selection and procurement activities.
• Proven ability to develop robust business cases, including financial justification, benefits analysis and investment approval.
• Experience delivering technology-enabled business transformation or enterprise platform implementations.
• Excellent stakeholder management skills, with the ability to engage and influence senior leadership and diverse business functions.
• Strong project governance, planning, risk management and delivery capabilities.
• Ability to translate Risk & Compliance business requirements into clear project objectives and deliverables.

Desirable

• Previous experience within the London Market or wider Insurance industry.
• Experience implementing Governance, Risk & Compliance (GRC) or Integrated Risk Management (IRM) platforms.
• Knowledge of GRC technology solutions such as ServiceNow IRM, Archer, MetricStream or similar platforms.
• Understanding of risk governance frameworks, controls assurance and regulatory requirements within Insurance.
• Experience delivering programmes involving both internal business stakeholders and external market participants.
• Relevant project management qualifications such as PRINCE2, PMP or Agile certifications.