Third Party Risk & Procurement Lead
Third Party Risk & Procurement Lead

Third Party Risk & Procurement Lead

Full-Time 36000 - 60000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead third-party risk management and procurement, ensuring compliance and value for money.
  • Company: Join Alpha Bank London, a unique bank valuing people and purpose.
  • Benefits: Hybrid working, professional growth, and a supportive team culture.
  • Why this job: Make a real impact while collaborating with diverse colleagues.
  • Qualifications: Experience in vendor management and strong administrative skills required.
  • Other info: Dynamic environment with opportunities for personal and professional development.

The predicted salary is between 36000 - 60000 ÂŁ per year.

Working pattern: Hybrid (minimum 3 days in the office including Wednesday as a core day)

Reports to: Chief Operating Officer

About Us

We are not your run-of-the-mill bank. It’s our people which makes us exceptional. Every individual here is valued - not just for what they do, but for who they are. We’ve built a culture rooted in purpose, passion, and a healthy dose of humanity. Joining Alpha Bank London isn’t just about a career - it’s about connection. You’ll collaborate with colleagues from all walks of life, building bonds that last and networks that matter. It’s this blend of international reach and local expertise that makes us strong. Whether you’re starting out or stepping up, you’ll find responsibility, variety, and experiences that go far beyond what a boutique bank or a corporate giant could offer alone. Together, we amplify ideas, share knowledge, and create impact. We believe in doing well and doing good. That means more than closing deals; it’s about making a difference for our clients, our communities, and each other. Because when one of us succeeds, we all succeed. Ready to make your mark? Let’s do it. Together.

What You’ll Do

  • Third‑Party Risk Management & Procurement
  • Framework Definition & Governance
  • Define, maintain, and continuously improve the Bank’s Third‑Party Risk Management & Procurement Framework, ensuring it aligns with regulatory expectations, best practice, and internal governance standards.
  • Establish clear policies, processes, templates, and minimum controls for:
  • Vendor selection and procurement
  • Due‑diligence and risk assessment
  • Contract approval and commercial evaluation
  • Onboarding, ongoing monitoring, and performance management
  • Renewal and termination procedures
  • Ensure all agreement owners across the Bank understand and comply with the framework through training, guidance, periodic reviews, and targeted support.
  • Ensure the Bank obtains best value for money from all third‑party suppliers by embedding robust commercial evaluation, cost‑effectiveness assessment, and ongoing value‑for‑money reviews into the procurement and vendor‑management lifecycle.
  • Monitor adherence to the framework and report areas of non‑compliance or improvement opportunities to the COO.
  • Maintain a central register of all agreements within the Bank and oversee compliance with due‑diligence, review cycles, and performance assessments.
  • Support agreement owners in performing their roles effectively by providing tools, templates, and subject‑matter guidance.
  • Track contract renewals, expiry dates, and obligations to ensure timely action by agreement owners.
  • Oversight of Agreement Owners
  • Direct Management of Operations, IT & Facilities Contracts
    • Manage outsourced services and contracts directly overseen by Operations, IT, and Facilities, including maintaining ownership of documentation and service records.
    • Conduct annual reviews for all directly managed contracts, ensuring regulatory alignment, commercial efficiency, and performance against SLAs.
    • Resolve issues, disputes, and conflicts with external partners and escalate where needed.
    • Build and maintain strong professional relationships with key suppliers and service partners.
    • Drive value‑for‑money across all directly managed suppliers by reviewing commercial terms, identifying cost‑efficiency opportunities, and ensuring services delivered align to contractual and budget expectations.
  • Facilities & Health & Safety
    • Overall responsibility for Facilities and Health & Safety, including owning the relationship with the building management firm and security company.
    • Ensure compliance with all Health & Safety requirements including compliance checks, inspections, incident investigation, maintenance of statutory records, and management of Fire Warden and First Aider population and associated training.
    • Ensure we are compliant with all responsibilities relating to office equipment management, oversight of the archive room and offsite storage, including destruction cycles.
    • Manage Office Assistant who is responsible for:
    • Ensuring a high-quality service is delivered for all guests and employees and that all travel booking is within policy.
    • Tasks such as stationery procurement and the greeting of maintenance people required to perform onsite work.
    • Supporting as required in relation to any operational Facilities or Health & Safety tasks.
  • What we’re looking for
    • Hands‑on experience managing or coordinating third‑party vendors, including due‑diligence, contract oversight, or procurement activity.
    • Exposure to operational risk processes such as ORE reporting, RCSA participation, or control testing.
    • Strong administrative background with experience handling documentation, reporting, and cross‑functional coordination.
  • Technical Skills
    • Proficient in Microsoft Word, Excel, PowerPoint, and Project.
    • Strong administrative, organisational, and presentation skills.
    • Comfortable working with bank systems and internal platforms.
  • Why Join Us?
    • At Alpha Bank London, our values shape everything we do:
    • Innovation – Be part of a team that embraces new ideas and continuous improvement.
    • Collaboration – Work closely with experienced professionals who support your growth.
    • Excellence – Develop your skills in a high-performing environment.
    • Delivery – Contribute to meaningful projects and see your impact.
    • Empowerment – Take ownership of your development and career progression.

    Third Party Risk & Procurement Lead employer: Alpha Bank London Limited

    At Alpha Bank London, we pride ourselves on fostering a vibrant work culture where every individual is valued for their unique contributions. Our hybrid working model promotes flexibility while ensuring collaboration and connection among colleagues, enhancing both personal and professional growth. With a strong commitment to innovation and excellence, we empower our employees to take ownership of their careers, making a meaningful impact in the banking sector and beyond.
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    Contact Detail:

    Alpha Bank London Limited Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Third Party Risk & Procurement Lead

    ✨Tip Number 1

    Network like a pro! Reach out to current employees at Alpha Bank London on LinkedIn. Ask them about their experiences and any tips they might have for landing the job. Personal connections can make a huge difference!

    ✨Tip Number 2

    Prepare for the interview by researching the company culture and values. Alpha Bank London values collaboration and innovation, so think of examples from your past that showcase these traits. Be ready to share how you can contribute to their mission.

    ✨Tip Number 3

    Practice common interview questions related to third-party risk management and procurement. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you articulate your experience clearly and confidently.

    ✨Tip Number 4

    Don’t forget to follow up after your interview! A simple thank-you email expressing your appreciation for the opportunity can leave a lasting impression. Plus, it shows your enthusiasm for the role and the company.

    We think you need these skills to ace Third Party Risk & Procurement Lead

    Third-Party Risk Management
    Procurement
    Vendor Selection
    Due-Diligence
    Contract Oversight
    Regulatory Compliance
    Performance Management
    Cost-Effectiveness Assessment
    Stakeholder Engagement
    Operational Risk Processes
    Documentation Management
    Microsoft Word
    Microsoft Excel
    Microsoft PowerPoint
    Microsoft Project

    Some tips for your application 🫡

    Show Your Personality: When you're writing your application, let your personality shine through! We want to see who you are beyond your qualifications. Share a bit about your journey and what drives you – it helps us connect with you on a personal level.

    Tailor Your Application: Make sure to tailor your application to the role of Third Party Risk & Procurement Lead. Highlight your relevant experience in managing vendors and procurement processes. We love seeing how your skills align with what we’re looking for!

    Be Clear and Concise: Keep your application clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate well-structured applications that get straight to the heart of your experience and skills.

    Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen to join our team at Alpha Bank London!

    How to prepare for a job interview at Alpha Bank London Limited

    ✨Know Your Stuff

    Make sure you understand the ins and outs of third-party risk management and procurement. Brush up on relevant regulations and best practices, as well as the specific frameworks that Alpha Bank London uses. This will show that you're not just interested in the role, but that you’re genuinely prepared to contribute.

    ✨Showcase Your Experience

    Be ready to discuss your hands-on experience with managing vendors and contracts. Prepare specific examples of how you've handled due diligence, contract oversight, or procurement activities in the past. This will help demonstrate your capability to manage the responsibilities outlined in the job description.

    ✨Emphasise Collaboration

    Alpha Bank values collaboration, so be sure to highlight your ability to work with diverse teams. Share examples of how you've built strong professional relationships with colleagues and external partners. This will resonate well with their culture of connection and teamwork.

    ✨Ask Insightful Questions

    Prepare thoughtful questions about the role and the bank's approach to third-party risk management. This shows your interest in the position and helps you gauge if the company aligns with your values. Consider asking about their current challenges in procurement or how they measure success in vendor management.

    Third Party Risk & Procurement Lead
    Alpha Bank London Limited
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