Procurement Governance Specialist
2 days ago
We are seeking an experienced Procurement Governance Specialist to join our team in Guildford. In this role, you will be responsible for ensuring that our outsourcing and third-party risk management processes are compliant with all relevant regulations and industry standards.
About the Role:
The successful candidate will have a strong understanding of procurement and risk management processes, specifically due diligence and risk assessment and remediation activities. You will also have excellent knowledge of corporate risk/risk management, as demonstrated by experience working in Banking and/or Insurance sectors in Assurance/TPRM roles.
Main Responsibilities:
- To support and enhance the Outsourcing and Third-Party Risk Management function advising on regulatory requirements and best practice, providing quality assurance and governance.
- Support Procurement in ensuring that risks (ESG, Financial, Ethical, infosec, concentration etc) and associated mitigation activity always reflects best practice, current regulatory and group standards.
- Ensure compliance with all relevant regulations, standards, and guidelines related to Outsourcing and third-party risk management.
- Assist in the implementation of Outsourcing and TPRM policies, procedures, and standards within the first line of defence, ensuring compliance with regulatory requirements and industry best practices.
- Establish mechanism to obtain appropriate management information (MI) and reporting as part of the various ongoing monitoring requirements for the Third-Party Arrangements and ensure that ongoing monitoring requirements are adhered to.
- Define appropriate monitoring mechanisms in line with the Group Outsourcing and TPRM Functions monitoring mechanisms to measure and steer the OE Outsourcing and TPRM frameworks.
- Collaborate with safeguarding teams to integrate third-party risk considerations into the overall operational model.
- Perform required updates to the UK Outsourcing and TPRM Frameworks in line with Group Standards, local Regulatory requirements and best practice using appropriate governance forums for sign-off.
- Assist in preparing for and responding to audits and inquiries related to outsourcing and third-party risk management.
About You:
- A strong understanding of procurement and risk management processes, specifically due diligence and risk assessment and remediation activities.
- Excellent knowledge of corporate risk/risk management, as demonstrated by experience working in Banking and/or Insurance sectors in Assurance/TPRM roles.
What We Offer:
We offer a competitive salary of £60,000 - £80,000 per annum, depending on experience, as well as a range of flexible benefits, including flexible buy/sell holiday options, hybrid working, annual performance-related bonus, contributory pension scheme, and a discount up to 50% on a range of insurance products.
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