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Third Party Risk Manager

1 month ago

Luton, Luton, United Kingdom Talent Drive | B Corp™ Full time

Third Party Risk Management Lead (Procurement) | £80,000 to £85,000 | 20% bonus | private healthcare | strong pension | + very envious industry related benefits | Luton - Hybrid | Global household brand used by everyone

A brand new role in the midst of a procurement transformation and new initiatives from the Procurement Centre of Excellence function, Third Party Risk Management now sits within the procurement function.

This business are looking for an experienced TPRM who has implemented this in parallel with supplier frameworks across the board with an entire supplier base for a company. Being a new role, new function and part of change, this person will need to hit the ground running from day 1 to ensure wider metric of the procurement transformation fall into place.

Role and responsibilities:

  • Build strong internal relationships across all levels, gain accountability to identify each business area's suppliers and associated risks
  • Implement and manage effective TPRM across all suppliers and the existing contracts
  • Mitigate risks associated with third-party vendors and ensuring compliance with regulations and internal policies
  • Support the Supplier Management framework to roll this out across all vendors in all categories
  • Analyse and consolidate the procurement team's behaviours and implement the best practice in sourcing and SRM
  • Create a TPRM strategy, operating model, which includes risk owners and create a TPRM policy
  • Ensure all TPRM frameworks and in line with the group CSR and ESG policies, for the audit team to justify supplier base is in line
  • Establishing clear and consistent procedures for vendor onboarding, risk assessment, due diligence, and ongoing monitoring

Experience and requirements:

  • Supplier management and Third Party Risk management
  • Proven experience of implementing, improving and transforming a TPRM police and framework
  • Can work at a fast pace and adapt to change in the midst of a transformation
  • Ability to analyse detailed financial and general management information
  • Proven ability to build strong relationships with internal and external stakeholders at a variety of levels, up to C-suite
  • Strong data analytical skills, leadership ability, and business and project management knowledge
  • A proactive and self-motivated individual who enjoys finding solutions to problems in a quick changing and large sized business
  • Confidence challenge existing ways of working and enact change management
  • Displaying determination with a tenacity to deliver to the bottom line