Group Head of Procurement and Vendor Management
3 months ago
About the team:
We have an exciting opportunity for a **Group Head of Procurement & Vendor Management, **to ensure that all risks associated with third party usage, management, sourcing and procurement requirements are appropriately developed, identified & managed and ensure compliance to the Group Vendor Management and Outsourcing policy, IntraGroup Policy and Procurement and Tender standards.
The role reports into the Chief Control Officer and will be responsible for a multi-site teams based in Chatham, Wolverhampton and India with 2 direct reports. The role has the flexibility to be based from Wolverhampton, Chatham or London with a requirement for travel between offices and some third party sites.
About Us:
The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.
Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.
Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work. This is supported by our Diversity, Community and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme.
What you will be doing:
As **Group Head of Procurement & Vendor Management **you will** **provide a robust Procurement and Vendor Management & TPRM Governance framework to meet OSB’s strategic objectives from a Commercial and Operational & Risk perspective across all 1st line functions to ensure all required due diligence and ongoing risk assessments are conducted**. **Using your previous experience of stakeholder management and engagement you will provide regular reports and presentations to senior management, committees and Regulators.***
- You will also be responsible for:
- Design, implement and continually enhance the business policies & frameworks for the management of operational risk associated with Procurement, Third Party Risk Management and the Outsourcing of Material & Critical third-party services and various intragroup arrangements
- Develop approach to incorporate ESG & new technology and ways of working considerations into the overall vendor management and outsourcing framework
- Be involved in the shaping of new third-party relationships and technology to support the 5 year digital and customer self-serve programme.
- Develop and own a key third party compliance and oversight risk relationship profiling system/tools
- Provide guidance for the business when conducting tenders and requests for information to ensure robust due diligence and cost analysis
- Conduct policy and procedure reviews to assess effectiveness and compliance ensuring activities are aligned with OSB Corporate Responsibilities strategy and Business risk appetite
- Conduct risk assessments and governance for all processes and services being considered for Intragroup activity ensuring the risk profile and transition plan is effective and the risk profile is continually being reviewed and aligned to the agreed contractual term
- Ensure that RFP processes are run effectively and support modernisation project
In return for your commitment:
We offer a base salary dependent on experience and location between £75,000 - £100,000 and a competitive benefits package including:
- Discretionary annual bonus opportunity of up to 25%
- 30 days annual leave plus bank holidays
- Contributory pension (8% employer 5% employee)
- Life Assurance (4x salary) plus Group Income Protection
- Access to Private Medical Insurance and Medical Cash Plan
- Maternity & Adoption Leave - Occupational Maternity/Adoption Pay provided at 100% of salary for the first 13 weeks and at 50% of salary for the next 13 week period.
- Paternity Leave - 4 weeks of paid leave to be taken within 8 weeks of childbirth
- Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.
Could you be the one?:
We are looking for talented individuals who have the experience and knowledge set out below:
- Strong track record in Vendor Management and Intragroup Oversight and Compliance including RCSA management
- Strong experience in cost modelling, procurement negotiations and conducting tenders (RFQ/RFP) across a range of categories
- Previous experience and understanding of third party ESG (Environment, Social & Governance) principles and developing frameworks
- Rob
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