Software Escrow Specialist / Technology Escrow SME
Posted 1 week ago by Scot Lewis Associates
£110 Per hour
Undetermined
Hybrid
Sheffield, England, United Kingdom
Summary: The Software Escrow Specialist / Technology Escrow SME will lead a comprehensive review and enhancement of a global bank's software escrow arrangements. This role is crucial for ensuring that escrow agreements are robust, compliant with regulations, and ready for release, thereby protecting critical third-party services. The position is contract-based until the end of November 2025, with potential for extension, and involves hybrid working with some office presence in Sheffield. The ideal candidate will have extensive experience in software escrow management and stakeholder engagement.
Key Responsibilities:
- Assess current escrow usage across the organisation, including coverage, deposit frequency, and validation levels.
- Collaborate with stakeholders to define policy standards and guidance.
- Develop a source code escrow framework covering service criteria, deposits, build instructions, verification/testing, and contracting.
- Design an operating model with clear role-based escrow responsibilities.
- Establish records management, reporting, and governance best practices.
- Create remediation plans to address gaps in critical third-party escrow arrangements.
- Partner with legal, procurement, technology, and escrow agents to strengthen controls.
- Define governance processes to ensure compliance and manage exceptions.
Key Skills:
- Proven end-to-end software escrow management experience (agreements, deposits, verification, live execution).
- Strong knowledge of third-party risk, resilience frameworks, and relevant regulations (e.g. PRA SS1/21, DORA).
- Expertise in source code deposit & verification oversight.
- Hands-on analytical skills with the ability to turn complex inputs into actionable plans.
- Excellent stakeholder engagement and influencing skills.
Salary (Rate): £110.00/hr
City: Sheffield
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: IT
Software Escrow Specialist / Technology Escrow SME My client, a global bank based in London, is looking for a contract Technology Escrow SME. We’re seeking an experienced Escrow SME to lead a full review and enhancement of the bank’s software escrow arrangements. They need a Software Escrow Specialist to lead a strategic uplift of their Third Party Technology Escrow framework. This pivotal role will ensure escrow arrangements are robust, verifiable, release-ready, and fully compliant with global regulations, internal policies, and best practices, protecting the bank’s most critical third-party services. Contract until end of November 2025 initially (likely to extend), paying up to £845 per day. Hybrid working, 2 days a month in the Sheffield office.
Key skills: Proven end-to-end software escrow management experience (agreements, deposits, verification, live execution). Strong knowledge of third-party risk, resilience frameworks, and relevant regulations (e.g. PRA SS1/21, DORA). Expertise in source code deposit & verification oversight. Hands-on analytical skills with the ability to turn complex inputs into actionable plans. Excellent stakeholder engagement and influencing skills.
Responsibilities: Assess current escrow usage across the organisation, including coverage, deposit frequency, and validation levels. Collaborate with stakeholders to define policy standards and guidance. Develop a source code escrow framework covering service criteria, deposits, build instructions, verification/testing, and contracting. Design an operating model with clear role-based escrow responsibilities. Establish records management, reporting, and governance best practices. Create remediation plans to address gaps in critical third-party escrow arrangements. Partner with legal, procurement, technology, and escrow agents to strengthen controls. Define governance processes to ensure compliance and manage exceptions.
Please apply now for immediate consideration and further details. Keywords: Technology Escrow, Software Escrow, Agreements, Third parties, Frameworks, Regulations, PRA, Dora, Risk, Analysis. Scot Lewis Associates Ltd is acting as an employment business.