Procurement Governance Specialist

2 days ago


Guildford, Surrey, United Kingdom Allianz UK Full time

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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