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Third Party Risk Analyst
5 months ago
The Role
Canopius is a global specialty lines (re)insurer. We are one of the top 10 insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
Procurement & Outsourcing (P&O) is a newly established centralised function. Canopius uses a range of external vendors, experts and outsourcing partners.
The P&O function is seeking a Third Party Risk Analyst who will support the Head of P&O in the continued design and implementation of end to end Third Party Risk Management (TPRM).
The role will also be supporting the P&O team to manage the use of external services and providers, looking for ways to drive value through monitoring and analysis of expenditure across all categories.
Responsibilities:
Support the Head of Procurement & Outsourcing in developing and maintaining the TPRM policy and strategy Develop appropriate due diligence process for suppliers, escalating identified risks, and ensure information is kept up to date Attend Service Reviews for high-risk third parties and ensure that TPRM is being effectively governed Support the configuration of a TPRM solution (Workday Strategic Sourcing) and its implementation to help achieve a best in-class TPRM model Monitor expenditure with external service providers and provide reporting to the Head of Procurement & Outsourcing, internal stakeholders, and our external service providersSkills & Experience:
Knowledge of Third-Party Risk Management within the financial services industry A good understanding of the inter-dependency between TPRM, Legal, Compliance, Risk, Procurement, Finance, and other teams Knowledge of regulation and legislation in the TPRM space, particularly within the financial services industry Exceptional cross-functional stakeholder management skills Strong negotiation and conflict resolution skills Understanding of vendor management, P2P and vendor on-boarding processes Practical experience of supplier relationship management, vendor management, procurement transformationOur benefits
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
