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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 procurement and risk management while working in a dynamic environment.
- Why this job: Make a real impact by driving vendor performance and supporting internal stakeholders.
- Qualifications: Strong communication skills and understanding of third-party risk management 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’s values and recent projects. We want to see how you can fit into our culture and contribute to our goals, so be ready to share your insights!
✨Tip Number 3
Showcase your skills! If you have experience with vendor management or risk assessment, bring examples to the table. We love seeing how you’ve tackled challenges in the past and what you can bring to the role.
✨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 serious about joining our team at Insight Investment.
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 with vendor management and compliance, and don’t forget to showcase your skills in procurement and risk management. We want to see how you can bring value to our 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 and show us your enthusiasm for working with Insight Investment. Keep it concise but impactful!
Showcase Your Communication Skills: Since strong communication is key for this role, make sure your written application reflects that. Use clear and professional language, and structure your documents well. We want to see that you can communicate effectively, both in writing and verbally.
Apply Through Our Website: We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Don’t miss out on this opportunity to join our team!
How to prepare for a job interview at Insight Investment
✨Know Your VENDOR Policies
Before the interview, make sure you have a solid understanding of the VENDOR policies and governance regulations. Familiarise yourself with Insight Investment's approach to third-party management and be ready to discuss how you can contribute to driving consistent execution of these policies.
✨Showcase Your Communication Skills
Since strong communication is key for this role, prepare examples that highlight your verbal and written communication skills. Think about times when you've successfully liaised with stakeholders or presented information clearly, especially in PowerPoint.
✨Demonstrate Your Problem-Solving Ability
Be ready to discuss specific instances where you've taken the initiative to solve problems related to vendor management or risk assessment. Insight values solution-oriented candidates, so think of examples that showcase your commercial acumen and ability to meet project objectives.
✨Prepare for Scenario-Based Questions
Anticipate scenario-based questions that may relate to managing vendor performance or resolving third-party issues. Practice articulating your thought process and the steps you would take to address these challenges, as this will demonstrate your readiness for the role.
