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- Tasks: Join us as a TPRM Specialist to oversee supplier governance and ensure compliance.
- Company: Be part of a leading financial services firm shaping the future of risk management.
- Benefits: Enjoy a hybrid work model with 3 days in London and a competitive salary of £55,000 - £70,000.
- Why this job: Make an impact by enhancing procurement efficiency and driving cost-saving opportunities.
- Qualifications: Experience in TPRM and supplier management is essential; strong analytical skills are a must.
- Other info: This role offers a chance to lead audits and deliver insights on procurement activities.
The predicted salary is between 46200 - 58800 £ per year.
An opportunity a Third Party Risk Management (TPRM) Specialist to join a financial services firm and be instrumental in the build out and maturing of the their TPRM function.
- Ensure suppliers adhere to governance standards by overseeing due diligence, onboarding, and contract renewals within the TPRM framework.
- Monitor due diligence processes, respond to queries from business and Risk SMEs, and act as a key escalation point for supplier-related issues.
- Work with Finance to oversee procurement budgets, track expenditures, identify cost-saving opportunities, and monitor supplier costs against forecasts.
- Lead supplier audits, ensuring compliance with policies.
- Deliver timely insights on procurement activities, including project costs, expense management, spend analysis, pipeline management, and business-as-usual services.
- Design and maintain financial management tools, including standardized contractual templates, to enhance procurement efficiency.
To be considered:
- Third Party Risk Management (TPRM) Analyst / Manager within financial services.
- Experience in supplier management lifecycle from onboarding to offboarding.
- Strong analytical skills.
On Offer:
- £55,000 – £70,000
- Hybrid: 3 days / week in London.
Third Party Risk Management (TPRM) Specialist employer: JSS Search
Contact Detail:
JSS Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Management (TPRM) Specialist
✨Tip Number 1
Familiarize yourself with the specific TPRM frameworks and governance standards used in financial services. This knowledge will not only help you understand the role better but also demonstrate your commitment to the field during interviews.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in risk management. Attend industry events or join relevant online forums to gain insights and potentially get referrals for the position.
✨Tip Number 3
Stay updated on the latest trends and regulations in supplier management and risk assessment. Being knowledgeable about current challenges and solutions in TPRM can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples from your past experience that highlight your analytical skills and your ability to manage supplier relationships effectively. Real-life scenarios can showcase your problem-solving abilities and fit for the role.
We think you need these skills to ace Third Party Risk Management (TPRM) Specialist
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Third Party Risk Management (TPRM) Specialist position. Understand the key responsibilities and required skills, such as supplier management and analytical abilities.
Tailor Your CV: Customize your CV to highlight relevant experience in Third Party Risk Management and supplier lifecycle management. Use specific examples that demonstrate your analytical skills and any previous roles in financial services.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the requirements of the role. Emphasize your experience with due diligence processes, procurement budgets, and compliance audits, showcasing how you can contribute to the firm's TPRM function.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any grammatical errors or typos, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at JSS Search
✨Understand the TPRM Framework
Make sure you have a solid grasp of the Third Party Risk Management framework. Be prepared to discuss how you've previously ensured suppliers adhered to governance standards and how you would approach due diligence and onboarding in this role.
✨Showcase Your Analytical Skills
Since strong analytical skills are crucial for this position, come ready with examples of how you've used data to drive decisions in supplier management. Highlight any experience with spend analysis or financial management tools.
✨Prepare for Supplier Audits Discussion
Be ready to talk about your experience leading supplier audits. Discuss specific instances where you ensured compliance with policies and how you handled any issues that arose during the audit process.
✨Discuss Cost-Saving Initiatives
Think of examples where you've identified cost-saving opportunities in procurement. Be prepared to explain how you tracked expenditures and managed budgets effectively, as this will demonstrate your ability to contribute to the firm's financial goals.
