Third Party and Procurement Manager in London

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

The Third Party Management and Procurement team plays a critical role in ensuring Allica engages, oversees, and exits suppliers in a way that strengthens our resilience and consistently delivers high-quality outcomes. We manage the full third-party lifecycle with a focus on strong governance, transparent decision-making, and robust oversight. Acting as trusted partners across the business, we enable teams to work confidently and at pace with third parties, while ensuring risks are understood, controls are followed, and relationships are managed in line with Allica’s core values.

Role Description

The Third Party and Procurement Manager sits with the Procurement & Third-Party Management function and supports the delivery of Allica’s TPRM (Third Party Risk Management) framework across the supplier lifecycle. The role assists with the review of third-party risk assessments, due diligence, and ongoing monitoring activities, ensuring information is complete, accurate, and escalated where required. Working closely with business owners and subject matter experts, the role helps apply TPRM policies and standards consistently, supports business make risk-based decisions and contributes to management information, reporting, and regulatory or audit activity. The role also supports continuous improvement of TPRM processes, tools, and documentation.

Principal Accountabilities

• Contribute to the development and ongoing enhancement of the Third-Party Risk Management framework, supporting the application of standards, expectations and risk appetite for the business.
• Support senior leadership within the Third Party & Procurement function, contributing to strategic initiatives, prioritisation and effective stakeholder engagement across third-party and procurement activities.
• Support and inform risk-based decisions across the third-party lifecycle, including onboarding, contract renewal, material change and exit, ensuring decisions are escalated and approved at the appropriate levels.
• Conduct and support the review and challenge third-party risk assessments, due diligence, and ongoing monitoring ensuring risks are identified, clearly articulated, and appropriately mitigated in line with risk appetite.
• Work closely with subject matter experts across the business (e.g. Security, Risk, Legal, Finance Crime, Finance) to develop a comprehensive understanding of the overall risk profile and ongoing requirements of third parties.
• Identify, analyse and escalate third-party risk trends, incidents, control failures, and supplier performance trends, ensuring systemic issues are addressed and lessons learned are embedded into the TRPM framework.
• Apply and maintain the agreed approach for assessing supplier financial health and viability, reviewing indicators, triggers, and outcome.
• Support the delivery of TPRM training and guidance, for new colleagues and periodic refresher training and ensure internal internet content, guidance materials and supporting documentation are kept up to date.
• Support the development, testing, and ongoing assurance of exit strategies in line with operational resilience requirements.
• Contribute to the continuous improvement of third-party management and procurement processes, tools, and reporting.
• Support regulatory, audit and assurance activities relating to third-party risk management.

Personal Attributes & Experience

• Clear, credible and confident communicator, able to influence senior stakeholders and provide effective challenge.
• Strong analytical skills with the ability to assess complex risks and synthesise input from multiple SMEs.
• Collaborative and pragmatic, with a proven ability to build trusted relationships across the business and balance risk, regulatory and commercial considerations.
• Well-organised, resilient and able to manage multiple priorities and competing demands.
• Proven experience in third-party risk management, operational risk or a closely related discipline.
• Demonstrable experience reviewing and overseeing third-party risks assessments, due diligence, and ongoing monitoring to inform risk-based decisions.
• Strong understanding of regulatory expectations and industry best practice relating to third-party risk management, within a financial services environment.
• Strong working knowledge of third-party risk management systems and related platforms.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities.
• Options for flexible working.
• Regular social activities.
• Pension contributions.
• Discretionary bonus scheme.
• Private health cover.
• Life assurance.
• Family friendly policies including enhanced Maternity & Paternity leave.

Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.