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- Tasks: Lead Third Party Risk Management, ensuring compliance and mitigating vendor risks.
- Company: Join a global household brand known for its innovative procurement transformation.
- Benefits: Enjoy a competitive salary, 20% bonus, private healthcare, strong pension, and enviable perks.
- Why this job: Be part of a dynamic team driving change in a fast-paced environment with significant impact.
- Qualifications: Experience in supplier management and TPRM, with strong analytical and relationship-building skills.
- Other info: This is a new role, perfect for someone eager to make a mark in a transformative function.
The predicted salary is between 68000 - 102000 £ per year.
A brand new role in the midst of a procurement transformation and new initiatives from the Procurement Centre of Excellence function, Third Party Risk Management now sits within the procurement function. This business is looking for an experienced TPRM who has implemented this in parallel with supplier frameworks across the board with an entire supplier base for a company. Being a new role, new function and part of change, this person will need to hit the ground running from day 1 to ensure wider metrics of the procurement transformation fall into place.
Role and responsibilities:
- Build strong internal relationships across all levels, gain accountability to identify each business area's suppliers and associated risks
- Implement and manage effective TPRM across all suppliers and the existing contracts
- Mitigate risks associated with third-party vendors and ensure compliance with regulations and internal policies
- Support the Supplier Management framework to roll this out across all vendors in all categories
- Analyse and consolidate the procurement team's behaviours and implement the best practice in sourcing and SRM
- Create a TPRM strategy, operating model, which includes risk owners and create a TPRM policy
- Ensure all TPRM frameworks are in line with the group CSR and ESG policies, for the audit team to justify supplier base is in line
- Establish clear and consistent procedures for vendor onboarding, risk assessment, due diligence, and ongoing monitoring
Experience and requirements:
- Supplier management and Third Party Risk management
- Proven experience of implementing, improving and transforming a TPRM policy and framework
- Can work at a fast pace and adapt to change in the midst of a transformation
- Ability to analyse detailed financial and general management information
- Proven ability to build strong relationships with internal and external stakeholders at a variety of levels, up to C-suite
- Strong data analytical skills, leadership ability, and business and project management knowledge
- A proactive and self-motivated individual who enjoys finding solutions to problems in a quick changing and large sized business
- Confidence to challenge existing ways of working and enact change management
- Displaying determination with a tenacity to deliver to the bottom line
Third Party Risk Management Lead employer: Talent Drive | B Corp™
Contact Detail:
Talent Drive | B Corp™ Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Management Lead
✨Tip Number 1
Network with professionals in the procurement and risk management sectors. Attend industry events or webinars to connect with individuals who may have insights into the role and the company culture at StudySmarter.
✨Tip Number 2
Familiarise yourself with the latest trends and best practices in Third Party Risk Management. Being knowledgeable about current frameworks and compliance regulations will help you stand out during discussions.
✨Tip Number 3
Prepare to discuss your previous experiences in implementing TPRM strategies. Be ready to share specific examples of how you've successfully managed supplier risks and improved processes in past roles.
✨Tip Number 4
Demonstrate your adaptability and problem-solving skills during any interviews. Highlight instances where you've navigated change effectively, especially in fast-paced environments, as this is crucial for the role.
We think you need these skills to ace Third Party Risk Management Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Third Party Risk Management and supplier frameworks. Use specific examples that demonstrate your ability to implement TPRM policies and frameworks effectively.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, particularly your experience in building relationships and managing risks.
Highlight Relevant Skills: Emphasise your analytical skills, leadership abilities, and experience in change management. Provide concrete examples of how you've successfully navigated transformations in previous roles.
Showcase Your Problem-Solving Abilities: Demonstrate your proactive approach to problem-solving in your application. Share instances where you've identified issues and implemented effective solutions, especially in fast-paced environments.
How to prepare for a job interview at Talent Drive | B Corp™
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities and requirements of the Third Party Risk Management Lead position. Familiarise yourself with TPRM frameworks, supplier management, and the specific challenges that come with procurement transformations.
✨Showcase Your Experience
Prepare to discuss your previous experience in implementing TPRM policies and frameworks. Be ready to provide specific examples of how you've successfully managed risks associated with third-party vendors and improved supplier relationships.
✨Demonstrate Analytical Skills
Since strong data analytical skills are crucial for this role, be prepared to discuss how you've used data to inform decision-making in past roles. Consider bringing examples of reports or analyses you've conducted that led to significant improvements.
✨Build Rapport with Interviewers
Given the importance of building strong internal relationships, focus on establishing a connection with your interviewers. Show enthusiasm for collaboration and demonstrate your ability to engage with stakeholders at all levels, including C-suite executives.
