At a Glance
- Tasks: Manage vendor relationships and ensure compliance in a dynamic insurance environment.
- Company: Join a globally respected specialty insurer with a strong presence in the market.
- Benefits: Hybrid working, competitive salary, and opportunities for career progression.
- Other info: Collaborative team culture with visible contributions and meaningful work.
- Why this job: Be part of a pivotal growth journey and make a real impact on vendor management.
- Qualifications: Experience in vendor management within regulated financial services or insurance.
The predicted salary is between 60000 - 75000 £ per year.
A Specialist Role at the Heart of a Global Insurance Powerhouse. This is an opportunity to join one of the most respected and financially formidable names in the global insurance and reinsurance industry. Their London Market operation sits firmly within the Lloyd's and specialty insurance space, and the Manchester function is a growing, high-profile part of that story. With new regulatory frameworks on the horizon and a business expanding at pace across Europe and APAC, Third Party Vendor Management has never carried more strategic importance.
The Role: We are looking for an experienced Third Party Vendor Management Specialist to join a small, expert Operations Management team in Manchester. Working alongside a senior Third Party Vendor Manager, this is a specialist hire, not a junior support role, and not a managerial position. We need someone who can come in, take ownership and operate independently from day 1. The role sits within the 1st Line of Defence and covers the full lifecycle of third party and outsourcing oversight for a regulated Lloyd's market insurer. With incoming regulation expected in early 2027 and an evolving supplier landscape, there is real scope to shape and strengthen the function as it grows.
What You'll Be Doing:
- Managing the full lifecycle of vendor relationships from onboarding and due diligence through to ongoing monitoring, contract reviews and offboarding.
- Monitoring SLA performance and KPIs across all important third party arrangements, escalating issues and driving remediation where required.
- Maintaining and updating the third-party arrangement inventory and associated systems.
- Conducting third-party resilience assessments, ensuring vendors meet contractual resilience obligations and evidencing compliance.
- Supporting contract assessment and remediation activity, including identifying gaps against regulatory expectations.
What We're Looking For:
- Demonstrable experience in Third Party Vendor Management and/or Outsourcing Risk within a regulated financial services or insurance environment.
- Strong working knowledge of FCA, PRA as they relate to third-party and outsourcing oversight.
- Excellent documentation and policy writing skills, the ability to produce clear, precise and well-structured policies, procedures and governance papers for senior and board-level audiences.
Why This Role: Join a globally respected specialty insurer at a pivotal moment in its growth journey. A small, collaborative team where your contribution is visible and valued. Genuine scope for progression as the function grows, with new regulations driving increased demand on the team. Hybrid working, 2 days per week in a modern Manchester office. Work on meaningful, complex vendor relationships within a Lloyd's-regulated environment where the stakes are real.
Vendor Management Lead employer: DVF Recruitment
Join a globally respected specialty insurer in Manchester, where your expertise in Third Party Vendor Management will be pivotal to our growth journey. Enjoy a collaborative work culture that values your contributions, alongside genuine opportunities for career progression as we navigate new regulatory landscapes. With hybrid working arrangements and the chance to manage meaningful vendor relationships in a dynamic environment, this role offers a rewarding and impactful career path.
StudySmarter Expert Advice🤫
We think this is how you could land Vendor Management Lead
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their vendor management processes and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might be perfect for you. Plus, it shows you’re genuinely interested in being part of our team.
We think you need these skills to ace Vendor Management Lead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Vendor Management Lead. Highlight your experience in third-party vendor management and any relevant regulatory knowledge. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you're passionate about this role and how you can contribute to our team. Be specific about your achievements in vendor management and how they relate to the insurance industry.
Showcase Your Documentation Skills:Since excellent documentation and policy writing skills are key for this role, consider including examples of your work or mentioning specific projects where you've created clear and structured policies. We love seeing your attention to detail!
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 us you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at DVF Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of third-party vendor management and the specific regulations like FCA and PRA. Being able to discuss these frameworks confidently will show that you're not just familiar with the role but also understand the broader context in which the company operates.
✨Showcase Your Experience
Prepare to share specific examples from your past roles where you've successfully managed vendor relationships or navigated regulatory challenges. Use the STAR method (Situation, Task, Action, Result) to structure your answers and make them impactful.
✨Ask Smart Questions
Come prepared with insightful questions about the company's vendor management strategies and how they plan to adapt to upcoming regulations. This shows your genuine interest in the role and helps you gauge if the company is the right fit for you.
✨Demonstrate Your Independence
Since this role requires someone who can operate independently from day one, be ready to discuss how you've taken ownership in previous positions. Highlight instances where you've driven projects forward without needing constant supervision, showcasing your proactive approach.
