Procurement Governance Specialist

4 weeks ago

London, Greater London, United Kingdom Lloyd's Full time
Job Title: Procurement Governance Specialist

Lloyd's is the world's leading insurance and reinsurance marketplace, where we share the collective intelligence and risk-sharing expertise of the market's brightest minds. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks.

We are looking for a Procurement Governance Specialist to join our team, who will support robust governance, risk, and process for Procurement across Lloyd's. This role will be responsible for evolving best practices, delivering projects, supporting risk management within procurement, and coordinating activities related to supplier onboarding, audits, compliance, and meeting regulatory requirements.

Key Responsibilities:
  • Assist the Procurement Governance and Process Manager and Head of Procurement Governance to develop a best-in-class function with a long-term vision to deliver a sustainable approach to all third-party sourcing and supplier management while minimizing risk and driving efficiencies.
  • Support the delivery of procurement governance and process projects on time and in-full, identifying areas for process improvement.
  • Facilitate procurement risk management activities, including bi-annual review of the department's risk register, facilitating the risk control self-attestation (RCSA) process, and coordinating quarterly supplier risk groups with relevant subject matter experts.
  • Coordinate onboarding activities for material/critical third parties, including due diligence to meet internal and external requirements.
  • Provide expert, authoritative advice to key stakeholders on all aspects of procurement governance, policy, and process.
  • Support the delivery of procurement training to the business and internal procurement team.
  • Produce ad-hoc management information for the procurement team and other key stakeholders for appropriate committees and forums.
  • Support all compliance and internal audit exercises on behalf of Procurement to ensure actions are completed within timelines, along with relevant sign-off and attestations met within the appropriate timeframes.
  • Continuing to work collaboratively with Risk Management, Regulatory Engagement, Compliance, Internal Audit, Legal, Financial Crime, and Operations to implement procurement initiatives and ensure the governance framework is fit for purpose.
  • Keep procurement materials up to date and correct, including MyLloyd's pages, Lloyds.com, Playbook, and supporting the annual policy review.
Requirements:
  • Strong stakeholder management and communication skills.
  • Analytical skills and attention to detail.
  • Ability to drive continuous improvement and identify opportunities for improvement.
  • Understanding of risks and issues that impact the procurement process.
  • Strong IT skills, particularly in Excel, Word, and SharePoint.
  • Strong interpersonal skills.
  • Good organizational skills and ability to multitask.
  • Ability to work independently and as part of a team.
Experience:
  • Experience in understanding risk within an organization.
  • Experience of working with stakeholders to drive change.
  • Experience of working with third parties and internal stakeholders.
  • Experience in delivering projects in full and on time.

Lloyd's is committed to building a diverse, inclusive environment that reflects the global markets we work in. We offer a range of benefits, including flexible working, a generous pension, healthcare, and wellbeing programs, as well as opportunities for professional development and employee recognition. If you share our values and passion for building a more sustainable, resilient, and inclusive future, we encourage you to apply.

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