Third Party Risk Lead

Third Party Risk Lead

Who we're looking for

Group Procurement is the centre of excellence for active commercial management of all of Schroders' supply chain, enabled by great people, disciplined cost management and seamless risk and compliance. Group Procurement sits within the COO Corporate Functions, supporting the wider business on all its third-party commercial activity. The team are made up of multiple disciplines across Market Data & Operations, Technology, Corporate Services, Third Party Risk and Procurement Operations. Located across London, Horsham, Singapore, and New York.

About Schroders

We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.

We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.

The base

We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial centre and we have everything we need to work flexibly.

What you'll do

This role supports the Global Head of Third-Party Risk Management with developing, embedding and enhancing our supplier governance framework and policies regarding supplier oversight, engagement and sustainability.

The role is also responsible for business partnering the engagement with internal stakeholders and suppliers to ensure that all suppliers are subjected to appropriate monitoring and management and fully compliant with regulatory obligations, policies, procedures and Schroder's strategic objectives for sustainability. Responsibilities include but are not limited to the following:

• Supporting the continued development and growth of the operating model design for the supplier oversight policy and framework, embedding best practice supplier management and oversight.
• Leading the engagement with an allocated Business / Function (e.g. Technology, Operations, Capital, Corporate Real Estate.) business partnering closely with senior stakeholders to support them in their oversight and management of Third-Party Risks.
• Supporting the strategy development to establish a global operating model and framework that enables a sustainable and diverse supply chain
• Leading on supplier engagement activities to request, gather and assess supplier data related to risk, performance, and sustainability.
• Contribute and lead on key reporting requirements related to supplier oversight and sustainability such as the Group's Human Rights Statement, annual and quarterly third party risk reporting, TCFD and Annual Report.
• Ensure the maintenance of all required tracking documents and procedures related to supplier engagement initiatives, e.g. modern slavery assessment, supplier carbon emissions tracking, annual due diligence reviews etc.
• Development, maintenance and enhancement of all tools and procedures utilised in the assessment, monitoring and tracking of supplier risk and sustainability activities
• Supporting the development of supplier due diligence processes, including financial crime, modern slavery, credit, information security, corporate responsibility etc.
• Working closely with 2nd line risk functions, e.g. Financial Crime, Credit Risk, Business Continuity to make sure supplier due diligence information is made available for subject matter expert review.
• Designing and embedding supplier oversight reporting capabilities and continuously improving performance and risk assessment governance and metrics.
• Provide guidance and support to supplier owners in achieving policy compliance and obligation fulfilment across the supplier lifecycle.
• Regular engagement with supplier owners and suppliers to maintain all supplier records and ensure the supplier contract management and oversight platform are up to date and fit for purpose.
  Maintaining the Outsourcing Register including the record of Business Owners, contracts, criticality and associated due diligence activities.

The knowledge, experience and qualifications you need

• Experience of managing third party relationships in a financial services/regulated environment including supporting or leading the setting of strategy, developing a roadmap and executing.
• Experience working with 2nd line risk functions to ensure supplier due diligence is performed and monitored whilst supporting supplier owners to fulfil their obligations and remain compliant with policy.
• Development of reporting capabilities to enable effective supplier reporting across the many areas of supply chain risk.
• Excellent levels of communication, able to influence and persuade others, whilst building strong working relationships.
• Experience of supplier segmentation and risk assessment including outsourcing and supplier management.
• Coordination of internal and external communications related to strategic initiatives that impact the supply chain
• Ability to consider wider business strategy and align functional strategy accordingly.
• Contract review and data capture to enable reporting and oversight to Board level.
• Awareness and understanding of sustainability related risks and opportunities across the supply chain such as modern slavery, carbon emissions and inclusion and diversity.
• Strong analytics experience in order to understand and interpret information, bringing insight.
• Excellent organisation, presentation and problem solving skills.
  Excellent IT and numeracy skills.

The knowledge, experience and qualifications that'll help

• Demonstrable experience of designing, owning and implementing a supplier management and oversight framework.
• Team leadership and development, managing people and motivating to deliver transactional processes whilst continuously evolving and growing the teams' capabilities and responsibilities.
• Experience of utilising and managing procurement systems and tools.
• Ability and experience coordinating due diligence activities across technical specialists (e.g Operational Risk, Information Security, Credit Risk, Financial Crime, Legal) globally.
  Technical experience of design and implementing contract database / supplier management systems.

What you'll be like

• Capable of remaining positive when under pressure.
• Able to create a positive, service focussed team environment
• Flexible approach to work with an ability to adapt to change.
• Friendly, approachable, enjoys working and contributing to the team.
• Attention to detail with a 'right first time' mind-set.
• Continuous improvement mind-set, challenges the status quo and seeks self improvement.
• Analytical, capable of taking data and presenting findings to inform colleagues and stakeholders.
• Excellent organisation, communication, project management, presentation and problem solving skills.
• Able to influence and persuade others, whilst building strong working relationships.
• Gains the trust and respect of colleagues and willing to complete tasks at either end of the complexity spectrum.
  You will demonstrate proactivity, positivity and tenacity; with strong intellectual curiosity in the role Group Procurement and Schroders perform and the impact we have on the market.

We recognise potential, whoever you are

Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.