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Third Party Operations and Risk Manager

Procurement Heads
Closing date
11 Jul 2022

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Contract Type
Full Time
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Procurement Heads is recruiting a Third Party Operations and Risk Manager as part of a multi-role retained campaign.

Procurement Heads is delighted to be retained by a transforming, Dorset-based financial services business operating at the forefront of the financial services sector's evolution to recruit a Third Party Operations and Risk Manager as part of a multi-role, retained campaign.

In a revamped procurement function - now called Third Party Management (TPM) - and reporting to the new Director of TPM, you'll develop and manage the TPM Operating Model, including operational governance & continuous improvement in line with board mandates, policy and regulations.

You'll also support Vendor Performance and Risk Managers (VPRMs) and Contract Managers to ensure all suppliers are managed and governed in line with the regulatory requirements through the application of the board mandates, policy and TPM Operating Model.

Working closely with the VPRMs and senior business stakeholders, you'll ensure framework and management information is fit for purpose and enables value to be delivered across the business.

What's more, you'll work closely with key control function subject matter experts such as Risk, Compliance, Data Protection, operational resilience etc. to ensure robust risk management within the TPM Operating Model while ensuring it remains business enabling and agile where appropriate.

To be successful in this role, you'll need to be tech-focussed, pragmatic and resilient with the ability to communicate effectively to influence difficult suppliers and stakeholders at the highest level.

Historically, this business has been recognised for its values-based culture, providing excellent employee satisfaction and continues to offer a warm family feel.

The role will see you in the Dorset office approximately twice weekly and the rest of the working week can be conducted remotely.

As Third Party Operations and Risk Manager your key responsibilities will be:
  • Responsibility for all TPM systems & data, including production of key management information and reporting Including board risk material supplier report and dashboard.
  • Responsibility for all supplier due diligence and on-boarding
  • Providing input and reporting capabilities into regular centralised reporting to the Board, Exco and senior leadership team
  • Management of the TPM Operating Model (policy, standards and procedures) including continuous improvement and ensuring sufficient training and guidance materials for the full TPM team and business stakeholders
  • Ensuring that standard (non-Material [significant]) engagements are processed quickly, efficiently and in line with the TPM Operating Model, supporting all business areas and functions
  • Ensuring that spend is analysed to support the TPM team.
  • Maintenance and continuous improvement of all TPM systems and data, including production of key management information and reporting Including board risk material supplier report and dashboard.
  • Oversight of the purchase-to-pay process ensuring appropriate purchase management and detail in purchase orders.
  • With the support of the Market and Data Analyst ensuring that stakeholders are fully informed with key information on the stability of the supplier and developments in the relevant market.
  • Providing evidence and tracking of benefits reports and contributing to the TPM cost management targets
  • Holding regular one-to-ones with direct reports ensuring that feedback is provided constructively while working with the employee to facilitate personal development

Skills and experience:

  • You must have demonstrable stakeholder management ability with the gravitas to interact and influence at various levels across the enterprise
  • Strong understanding of regulation relevant to Third Party Management in particular PRA/FCA & EBA on Material arrangements and outsourcing
  • Proven track record of maintaining robust governance processes and monitoring compliance both at a functional level and a framework level
  • Strong understanding of risk management including control testing, reporting and issue management
  • Good understanding of using systems and data to optimise processes and deliver tangible and actionable MI.
  • Demonstrate Integrity, Pragmatism and Good Judgement
  • Strong organisational skills with an ability to plan, prioritise and deliver work to timescales.
  • Strong attention to detail and capability to assess materiality in supply arrangements
  • Dynamic and self-motivated style with an ability to deliver at pace and drive change
  • Self-starter, able to operate will minimal supervision
  • Willing to adopt a flexible approach to the fulfilment of work commitments.
  • Strong analytical skills and ability to distil wide-ranging and complex management information into senior stakeholder reporting.

  • Educated to a minimum of A-Level standard or equivalent professional qualification (CIPS desirable) or business experience equivalent

Benefits of the Third Party Operations and Risk Manager role include:
  • £60-65,000 basic salary
  • Up to 20% bonus
  • Private medical insurance
  • Double-matched pension (up to a max of 7/14%)
  • 4 x life assurance
  • 30 days holiday
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