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- Tasks: Manage third-party risk and enhance compliance frameworks in a dynamic team.
- Company: Join Kensington Mortgages, a leader in specialist mortgage solutions for over 25 years.
- Benefits: Enjoy competitive salary, 25 days holiday, and a fantastic range of benefits.
- Why this job: Be part of a culture that values diversity and professional development while making a real impact.
- Qualifications: Experience in third-party risk management and a degree certification preferred.
- Other info: Remote work opportunity available for UK residents only.
The predicted salary is between 36000 - 60000 £ per year.
Location: Remote (UK residents only)
Working Hours: Monday - Friday 09:00 - 17:30
Salary: Competitive plus 25 days holiday and a fantastic range of benefits.
About Us
At Kensington Mortgages, we have been leading the way in providing specialist mortgage solutions for over 25 years. We are dedicated to offering people a chance to secure a mortgage, especially when high street lenders say no. Our approach is all about understanding the unique circumstances of our customers - it is what we call the 'Kensington Difference'. As a wholly owned subsidiary of Barclays Bank UK PLC, we are proud to operate with the highest standards of service and integrity, fully authorised by the Financial Conduct Authority.
Overall Purpose of Job
Are you passionate about ensuring business compliance and driving value from third-party relationships? We are seeking a dedicated Third Party Risk Management and Supplier Manager to join our dynamic team. In this role, you will play a pivotal part in enhancing our TPRM framework and building organisational capability to foster compliance and effective third-party management.
Key Accountabilities
- Support the P&P strategic vision and development plan.
- Stay abreast of external market trends related to TPRM, identifying innovation practices and opportunities for improvement.
- Support the drive to establish a business-wide cultural awareness of the value derived from partnering with the P&P function.
- Manage challenges from the BRM community with respect to TPRM assurance outcomes and interpretations of best practice.
- Support the building of the procurement function and wider organisational capability by developing the skills of the BRM group and budget holders to enable improved TPRM.
- Contribute to the establishment of ongoing operating plans to develop and strengthen the function.
- Provide support to the Senior Sourcing and Supplier manager(s) on key projects as required.
- Support the business on lower value business-led sourcing activity to aid compliance with third-party risk management frameworks.
- Build the capability of the BRM community to not only manage risk but to extract enhanced third-party performance and value for money.
- Ensure that material outsource and strategic suppliers have compliant third-party risk management via proactive engagement with the BRMs.
- Ensure that across the third-party base all sub outsourcing is understood and appropriate due diligence is performed.
- Ensure that whilst applying TPRM best practice, opportunities to optimize contracts and improve outcomes are captured and advise Senior Sourcing and Supplier Manager of opportunities.
- Deliver regular clinics and communications to BRMs to aid and improve compliance to the TPRM framework.
- Provide support to the BRMs in their execution of TPRM and be the primary point of contact with the P&P team for all TPRM queries.
- Support the development and maintenance of a third-party risk management framework which considers all phases of the third-party life cycle.
- Support the development and maintenance of appropriate tools and templates to enable the execution of third-party risk management.
- Review TPRM assurance reporting to ensure commentary clearly describes gaps and agree remediation activity with BRMs with the objective of delivering a materially compliant status on TPRM, sharing recurring themes via TPRM clinics.
- Perform detailed quality assurance tests on individual TPRM activities, records and artefacts to ensure accurate and high-quality execution of activities.
- Manage the preparation of TPRM assurance content, actions and commentary for cost optimization meetings to drive improvements.
- Manage business-led procurement activity on sourcing report and update all records (ensuring that TPRM records are up to date).
Experience, Knowledge, Skills
- Third party risk management experience in Financial Services.
- Experience in supporting the delivery of sourcing activity.
- Working knowledge of contractual and commercial terms.
- Experience in working in a fast-paced environment.
- Demonstrable negotiation experience.
- Third party risk management best practice ideally in Financial Services.
- End to end policy and process development.
- Working knowledge of financial services regulation requirements.
- Communication, presentation and influencing skills including to Senior Management.
- Excellent interpersonal and stakeholder management skills with the ability to build relationships and influence colleagues at all levels.
Qualifications
- Degree certification preferred.
- CIPS qualification desirable or equivalent professional qualification (e.g. financial, legal or commercial).
Why Join Us
At KMC, our employees are the heart of our success. We strive to create workplaces that promote professional development and work-life balance. Our inclusive culture values diversity in all its forms, ensuring everyone feels respected and valued. As an equal opportunity employer, we embrace differences in gender, race, identity, ethnic origin, and sexual expression.
Third Party Risk Management and Supplier Manager employer: Kensington Mortgages
Contact Detail:
Kensington Mortgages Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Management and Supplier Manager
✨Tip Number 1
Familiarise yourself with the latest trends in third-party risk management, especially within the financial services sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated and relevant in the field.
✨Tip Number 2
Network with professionals in the TPRM space, particularly those who work in financial services. Engaging with industry peers can provide insights into best practices and may even lead to referrals or recommendations for the role.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed third-party relationships or improved compliance in previous roles. Real-life scenarios can showcase your skills and make a strong impression on the hiring team.
✨Tip Number 4
Understand the unique challenges that Kensington Mortgages faces in TPRM. Tailoring your approach to address these challenges during discussions can highlight your proactive mindset and alignment with their organisational goals.
We think you need these skills to ace Third Party Risk Management and Supplier Manager
Some tips for your application 🫡
Tailor Your CV: Make sure to customise your CV to highlight relevant experience in third party risk management and supplier management. Use keywords from the job description to demonstrate that you meet the specific requirements of the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for compliance and third-party relationships. Mention specific examples from your past experiences that align with the key accountabilities listed in the job description.
Highlight Relevant Skills: Emphasise your skills in negotiation, stakeholder management, and communication. These are crucial for the role, so provide concrete examples of how you've successfully used these skills in previous positions.
Showcase Your Knowledge: Demonstrate your understanding of financial services regulations and best practices in third party risk management. This could be through mentioning relevant qualifications or experiences that relate directly to the role.
How to prepare for a job interview at Kensington Mortgages
✨Understand the TPRM Framework
Familiarise yourself with the Third Party Risk Management framework and its importance in the financial services sector. Be prepared to discuss how you can enhance compliance and drive value from third-party relationships.
✨Showcase Your Negotiation Skills
Highlight your negotiation experience during the interview. Provide examples of past situations where you successfully negotiated terms or resolved conflicts, especially in a fast-paced environment.
✨Demonstrate Stakeholder Management
Prepare to discuss your interpersonal skills and how you've built relationships with stakeholders at various levels. Share specific instances where your communication and influencing skills made a positive impact.
✨Stay Updated on Market Trends
Research current trends in third-party risk management and be ready to discuss innovative practices that could benefit the company. Showing that you are proactive about industry developments will set you apart.
