Supplier Risk Assurance Manager
3 weeks ago
Become a pivotal part of our team as a Supplier Risk Assurance Manager
In this position, you will be responsible for spearheading, maintaining, and enhancing the development of Supplier Controls Assurance (SCA) strategies. Collaborating closely with essential stakeholders and Supplier Relationship Managers, you will ensure that supplier-related risks are identified and effectively managed.
As an integral component of the risk management function, you will promote best practices across Sainsbury's Bank and Argos Financial Services by maintaining robust assurance plans for critical suppliers in alignment with the Bank's risk tolerance. You will also provide effective oversight of the Bank's risks associated with suppliers by remaining informed about the regulatory landscape and external factors.
Key Responsibilities:
- Identify and evaluate risks and key controls within suppliers to mitigate the Bank's exposure.
- Develop and sustain SCA testing plans in partnership with internal stakeholders.
- Facilitate training and awareness initiatives for all relevant personnel within the organization to improve understanding of supplier risks.
- Define and establish targeted testing plans for essential supplier processes, risks, and controls.
- Lead SCA evaluations, assess potential impacts, and formulate strategies to mitigate risks.
- Compose clear and high-quality reports to communicate assurance findings to stakeholders.
- Analyze patterns within supply chain assurance evaluations and offer recommendations for enhancements.
- Maintain comprehensive audit trails and documentation of SCA evaluations.
- Stay informed on market dynamics and external influences to ensure a resilient approach to supplier assurance.
Requirements:
- Degree-level education or equivalent professional qualification/experience.
- Experience in managing frameworks such as COBIT, ITIL, or ISO standards.
- Experience in risk management, assurance, or control testing within Financial Services.
- Strong understanding of risk management practices and the ability to manage risks effectively.
- Working knowledge of Information Security, Business Continuity, Information Technology, and other risk areas.
- Excellent written and verbal communication skills.
- Proven ability to work independently and implement best practice solutions.
- Ability to cultivate strong relationships with stakeholders and suppliers.
- Highly organized with the capacity to prioritize tasks and work efficiently under pressure.
- Customer-focused with strong analytical and problem-solving capabilities.
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