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- Tasks: Manage vendor relationships and ensure compliance with third-party governance regulations.
- Company: Join Insight Investment, a leading asset manager with a collaborative culture.
- Benefits: Gain valuable experience in a dynamic environment with potential for career growth.
- Why this job: Make an impact by driving vendor management and risk mitigation strategies.
- Qualifications: Strong communication skills and understanding of procurement processes required.
- Other info: Inclusive employer encouraging applications from diverse backgrounds.
The predicted salary is between 36000 - 60000 £ per year.
Insight Investment is looking for a Third Party Manager to join the Vendor Management team in London for a 12-month fixed-term contract as maternity cover. This role will help ensure Insight's compliance with Third Party Governance (VENDOR) regulations. It will primarily involve supporting Head of Sourcing and Third Party Management and internal stakeholders with the implementation of policies, consulting and advising business teams, liaising with the corporate (BNYM) VENDOR representatives for completion of all process requirements and reporting and management of vendors as needed.
Role Responsibilities
- Conduct all business transactions in accordance with policies, procedures & guidelines, legal requirements, regulations and ethical standards.
- Drive consistent execution of the VENDOR policy and framework, and key deliverables.
- Drive adoption of the VENDOR processes, provide guidance to stakeholders on third-party governance, oversight, and risk mitigation.
- Communicate proactively with Head of Vendor Management and escape risks and issues as appropriate.
- Coordinate with internal and external stakeholders and SMEs as appropriate to (a) address third-party issues and (b) manage VENDOR-related audit, regulatory, and risk and control matters.
- Provide guidance and assistance to internal stakeholders with preparing for and conducting oversight meetings with Third Parties.
- Provide guidance to Engagement Managers (EMs) prior to engaging a third party.
- Review and approve Third Party risk assessments (segmentations) submitted by EMs.
- Oversee Engagement Managers' and Executive Sponsors' execution of required ongoing monitoring activities.
- Coordinate business reviews for vendors on a regular basis to help Executive Sponsors and EMs to manage vendor performance.
- Oversee timely resolution of third-party issues by EMs and provide necessary guidance and support. Ensure risk acceptances are documented and approved in compliance with the policy.
- Provide third-party risk reporting, including any necessary escalations, to Business Risk Committee and other business stakeholders.
Experience Required
- Understanding of procurement, supplier relationship and Third-Party risk management processes and practices.
- Robust skills in Microsoft Office software, including Word, Excel, PowerPoint, Access, Project.
- Commercial Acumen.
- Ability to meet project objectives within designated constraints.
- Solution oriented, strives to meet or exceed stakeholder expectations.
- Strong communication skills, both verbal and written (including PowerPoint).
- Takes the initiative in researching solutions to technology problems.
Insight is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at TalentAcquisition@InsightInvestment.com.
About Insight Investment
Insight Investment is a leading asset manager focused on designing investment solutions to meet its clients' needs. Founded in 2002, Insight's collaborative approach has delivered both investment performance and growth in assets under management. Insight manages assets across its core liability-driven investment, risk management, full-spectrum fixed income, currency and absolute return capabilities. Insight has a global network of operations in the UK, Ireland, Germany, US, Japan and Australia. More information about Insight Investment can be found at: www.insightinvestment.com.
Third Party Manager - 12 Month FTC (London) employer: Insight Investment
Contact Detail:
Insight Investment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Manager - 12 Month FTC (London)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who might know someone at Insight Investment. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by researching Insight Investment thoroughly. Understand their values and how they approach vendor management. This will help you tailor your answers and show you’re genuinely interested in the role.
✨Tip Number 3
Practice your communication skills! Since strong verbal and written communication is key for this role, consider doing mock interviews with friends or using online platforms to refine your pitch.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and serious about joining the team.
We think you need these skills to ace Third Party Manager - 12 Month FTC (London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Third Party Manager role. Highlight your experience in procurement and third-party risk management, and don’t forget to showcase your strong communication skills. We want to see how you can drive compliance and support our Vendor Management team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the job description, especially around vendor governance and stakeholder management. We love a good story that shows your passion for the role!
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use examples from your past roles to show how you've successfully managed vendor relationships or navigated compliance issues. We’re looking for solution-oriented candidates who can meet project objectives, so make sure to highlight those achievements.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Insight Investment
✨Know Your Stuff
Make sure you understand the ins and outs of third-party governance and risk management. Brush up on Insight Investment's policies and procedures, as well as any relevant regulations. This will show that you're not just interested in the role, but that you’re prepared to hit the ground running.
✨Showcase Your Communication Skills
Since this role involves liaising with various stakeholders, practice articulating your thoughts clearly and confidently. Prepare examples of how you've effectively communicated complex information in the past, especially in a vendor management context. This will demonstrate your strong verbal and written communication skills.
✨Be Solution-Oriented
Think of specific instances where you've tackled challenges in procurement or vendor management. Be ready to discuss how you approached these issues and what solutions you implemented. This will highlight your commercial acumen and problem-solving abilities, which are crucial for this position.
✨Prepare Questions
Have a few thoughtful questions ready to ask at the end of your interview. This could be about the team dynamics, the tools they use for vendor management, or how success is measured in this role. It shows your genuine interest in the position and helps you assess if it's the right fit for you.
