Vendor Risk Manager
3 weeks ago
JOB DESCRIPTION
ABOUT THE ROLE
Reporting to the Procurement Manager, this is a stand-alone position that will be responsible for developing vendor risk management processes and frameworks to support stakeholders who work with suppliers.
Critical to this role is gaining a good understanding of our material and critical suppliers that support our business.
Key Responsibilities:
- Provide independent oversight and challenge during the supplier due diligence during supplier onboarding process.
- Leading on the in-life monitoring of suppliers for potential risk.
- Proactively informing Supplier Owners, Procurement Business Partners, Business Risk, IT Security, Legal, Technology and other teams.
- Advising on potential vendor risk management strategies to minimise impact.
- Develop and evolve Vendor Risk Management framework and contribute to other procurement aspects e.g. Vendor management framework.
- Leading on company policy development specifically in areas of vendor risk management.
- Deliver high quality risk reports, with guidance and recommendations, to enable senior business owners to make the most appropriate risk decisions
- Reviewing current tools and technology and assessing investment opportunities to support vendor risk management practices.
- Close collaboration with Innovation team to create a risk adjusted approach to innovation to balance risk and speed appropriately.
- Close collaboration with Procurement team members to support minimising/mitigating supplier and contractual risk.
- Possible procurement activities from time to time.
ABOUT YOU
- Self-starter, with the ability to work independently with minimal guidance.
- Excellent stakeholder engagement skills.
- Strong communication skills.
- Enjoys working within a matrix management environment.
- Relevant industry qualification or working towards this e.g. CTPRA, CIPS, other.
- Passionate about subject area and keen to take a lead in this area.
Minimum Criteria:
- Knowledge of typical supplier due diligence processes.
- Good understanding of Third-Party Risk Management practices and strategies.
- Experience in using a TPRM tool or supplier subscriptions to support vendor risk management (e.g. D&B, Experian, EcoVadis, OneTrust etc.).
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