Third Party Risk Specialist

3 weeks ago

Cardiff, United Kingdom Admiral Insurance Plc Full time

Admiral manages in excess of suppliers, a new sub team is being formed within Group Procurement to understand the risks our suppliers present and to form the assurance and governance capability we need as an organisation to understand and manage the risks.

We are looking for a Risk Analyst to work closely with all Procurement professionals within the company and Contract Owners who have a shared responsibility to manage the supplier network effectively.

This is an exciting time to join Group Procurement, we have a significant project underway to review all elements of what we do and how we do it and Third Party Risk is an area of focus hence the new team being formed.

The team culture within Group Procurement is extremely supportive, we are a new team with a clear vision and a great future ahead of us.

If you have great inter-personal skills, are self-motivated with a desire to learn, are technically minded and have great problem solving skills and looking for a career path which in return can support development of your role and capabilities in an interesting profession then we would love to hear from you

Main Duties

Your role will report to the Third Party Risk Manager within Group Procurement and will be to support all parts of the business in areas such as:

Be familiar with the creation and ownership of company policies, in this case Procurement and Outsourcing Policy, plus Group Minimum Standards. Have a great understanding and prior experience of Supply Chain Risk within a large corporate setting Be aware of FCA / PRA regulations (and others), minimum expectations for PQQ and DDQ evaluations and understand where Supply Chain Risk materialises. Provide accurate, timely and insightful reporting of data, information, and analysis to facilitate good decision-making, driving the Supply Chains performance and profitability Monitor the procurement solution to validate compliance with governance controls Responsible for the analysis of spend data to support the Sourcing team with the identification of opportunities in our current supply chain? Provide communication and support to internal customers on supply chain risk Provide recommendations for minimum baseline controls to be implemented and ensure non-conformities are documented and that remediation plans are agreed with risk owners to agreed timelines Support, where required, Admiral Group entities with governance and technology queries Act as a champion for Group Procurement TPRM and maintain high standards of integrity and professionalism Support project initiatives on an ongoing basis Create and deliver insights for the various forums that Group Procurement are a part of. Supporting with updating Admiral’s Contract Management System (Atamis) by liaising with the supplier to agree product enhancements

Key Skills, Qualifications and Experience

Be ILM qualified (or equivalent experience) Good business knowledge and understanding Drive to implement improvements and take ownership of issues as they arise Problem-solving skills with high attention to detail and comfortable analysing data Good interpersonal skills and effective communication to all levels (internal and external) Confident using Microsoft packages and willingness to learn new systems Ability to work to deadlines and be able to prioritise workload effectively Excellent time management and organisational skills

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits

LI-HH

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