Third Party Therapy Third Party Therapy - Will Cooke & Jack Birch - Why is there a shortage of TPRM people?
Feb 24, 2025
Will Cooke, senior consultant recruiting TPRM and procurement talent with a sports psychology angle, and Jack Birch, head of interim management placing risk and interim procurement pros. They unpack why TPRM roles are in short supply, spikes driven by regulation, hiring junior or sideways talent, procurement-to-TPRM pathways, and where demand is growing beyond financial services.
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TPRM Demand Has Outpaced Specialist Supply
- Demand for TPRM roles has surged and outstrips available specialist supply, especially after regulatory pushes like SS2/21 and DORA.
- Many firms scramble to hire; this created a strong market for interim specialists who bridge capability gaps during peaks.
Regulation Creates Spiky Interim Demand
- TPRM hiring is spiky: regulatory change causes peaks, then businesses often hand operations back to non-specialists.
- Employers frequently bring in senior interims to design frameworks, then transition day-to-day to cheaper permanent hires.
IT Procurement Is A Natural Path Into TPRM
- Procurement, especially IT procurement, is a common feeder into TPRM because those roles expose people to vendor, cyber and regulatory issues.
- Candidates can pivot and build niche TPRM careers by combining procurement and risk skills.