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For Companies At a Glance
- Tasks: Manage third-party risk and enhance compliance frameworks in a dynamic team.
- Company: Join Kensington Mortgages, a leader in specialist mortgage solutions for over 25 years.
- Benefits: Enjoy competitive salary, 25 days holiday, and a range of fantastic perks.
- Why this job: Be part of a culture that values personal growth and diversity while making a real impact.
- Qualifications: Degree preferred; experience in third-party risk management and strong communication skills required.
- Other info: Remote work available for UK residents; inclusive and neurodiversity-friendly workplace.
The predicted salary is between 36000 - 60000 £ per year.
Location: Remote (UK residents only)
Working Hours: Monday - Friday 09:00 - 17:30
Salary: Competitive plus 25 days holiday and a fantastic range of benefits
About Us
At Kensington Mortgages, we have been leading the way in providing specialist mortgage solutions for over 25 years. We are dedicated to offering people a chance to secure a mortgage, especially when high street lenders say no. Our approach is all about understanding the unique circumstances of our customers - it is what we call the 'Kensington Difference'. As a wholly owned subsidiary of Barclays Bank UK PLC, we are proud to operate with the highest standards of service and integrity, fully authorised by the Financial Conduct Authority.
Overall Purpose of Job
Are you passionate about ensuring business compliance and driving value from third-party relationships? We are seeking a dedicated Third Party Risk Management and Supplier Manager to join our dynamic team. In this role, you will play a pivotal part in enhancing our TPRM framework and building organisational capability to foster compliance and effective third-party management.
Key Accountabilities
- Support the P&P strategic vision and development plan.
- Stay abreast of external market trends related to TPRM, identifying innovation practices and opportunities for improvement.
- Support the drive to establish a business-wide cultural awareness of the value derived from partnering with the P&P function.
- Manage challenges from the BRM community with respect to TPRM assurance outcomes and interpretations of best practice.
- Support the building of the procurement function and wider organisational capability by developing the skills of the BRM group and budget holders to enable improved TPRM.
- Contribute to the establishment of ongoing operating plans to develop and strengthen the function.
- Provide support to the Senior Sourcing and Supplier manager(s) on key projects as required.
- Support the business on lower value business-led sourcing activity to aid compliance with third-party risk management frameworks.
- Build the capability of the BRM community to not only manage risk but to extract enhanced third-party performance and value for money.
- Ensure that material outsource and strategic suppliers have compliant third-party risk management via proactive engagement with the BRMs.
- Ensure that across the third-party base all sub outsourcing is understood and appropriate due diligence is performed.
- Ensure that whilst applying TPRM best practice, opportunities to optimize contracts and improve outcomes are captured and advise Senior Sourcing and Supplier Manager of opportunities.
- Deliver regular clinics and communications to BRMs to aid and improve compliance to the TPRM framework.
- Provide support to the BRMs in their execution of TPRM and be the primary point of contact with the P&P team for all TPRM queries.
- Support the development and maintenance of a third-party risk management framework which considers all phases of the 3rd party life cycle.
- Support the development and maintenance of appropriate tools and templates to enable the execution of third-party risk management.
- Review TPRM assurance reporting to ensure commentary clearly describes gaps and agree remediation activity with BRMs with the objective of delivering a materially compliant status on TPRM, sharing recurring themes via TPRM clinics.
- Perform detailed quality assurance tests on individual TPRM activities, records and artefacts to ensure accurate and high-quality execution of activities.
- Manage the preparation of TPRM assurance content, actions and commentary for cost optimization meetings to drive improvements.
- Manage business-led procurement activity on sourcing report and update all records (ensuring that TPRM records are up to date).
Experience, Knowledge, Skills
- Third party risk management experience in Financial Services.
- Experience in supporting the delivery of sourcing activity.
- Working knowledge of contractual and commercial terms.
- Experience in working in a fast-paced environment.
- Demonstrable negotiation experience.
- Third party risk management best practice ideally in Financial Services.
- End to end policy and process development.
- Working knowledge of financial services regulation requirements.
- Communication, presentation and influencing skills including to Senior Management.
- Excellent interpersonal and stakeholder management skills with the ability to build relationships and influence colleagues at all levels.
Qualifications
- Degree certification preferred.
- CIPS qualification desirable or equivalent professional qualification (e.g. financial, legal or commercial).
Why Join Us
At Kensington Mortgages, we believe our employees are the heart of our success. We are committed to creating a supportive and flexible work environment that values personal growth, professional development and a healthy work-life balance. Our inclusive culture respects and celebrates diversity in all its forms, ensuring that everyone feels welcome, valued and understood. We recognise and appreciate differences in thinking, learning styles, gender, race, identity, ethnic origins and sexual expression. We are an inclusive, neurodiversity-friendly employer committed to creating a supportive environment where all employees can thrive.
Supplier Risk Manager employer: Kensington Mortgage Company
Contact Detail:
Kensington Mortgage Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Supplier Risk Manager
✨Tip Number 1
Familiarise yourself with the latest trends in third-party risk management, especially within the financial services sector. This knowledge will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the field of supplier risk management. Attend industry events or webinars to connect with others who work in TPRM. Building these relationships can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed third-party relationships or compliance issues in the past. Having concrete stories ready will demonstrate your experience and problem-solving skills to the hiring team.
✨Tip Number 4
Showcase your communication and influencing skills by preparing to articulate how you would engage with various stakeholders. Being able to convey complex information clearly is crucial for this role, so practice explaining TPRM concepts in simple terms.
We think you need these skills to ace Supplier Risk Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in third-party risk management, especially within financial services. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for compliance and third-party relationships. Mention specific examples of how you've successfully managed supplier risks or improved processes in previous roles.
Showcase Relevant Skills: Emphasise your negotiation skills, stakeholder management abilities, and any experience with TPRM frameworks. Provide concrete examples that illustrate your expertise in these areas.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Kensington Mortgage Company
✨Understand the TPRM Framework
Make sure you have a solid grasp of Third Party Risk Management (TPRM) principles. Familiarise yourself with best practices and current trends in the industry, as this will demonstrate your commitment to compliance and risk management during the interview.
✨Showcase Your Negotiation Skills
Prepare examples of past experiences where you've successfully negotiated contracts or managed supplier relationships. Highlight how these experiences can translate into value for Kensington Mortgages, especially in enhancing third-party performance.
✨Demonstrate Stakeholder Management
Be ready to discuss how you've built relationships and influenced stakeholders at various levels. This role requires excellent interpersonal skills, so share specific instances where your communication made a difference in achieving compliance or improving processes.
✨Prepare Questions About Company Culture
Kensington Mortgages values an inclusive culture and personal growth. Prepare thoughtful questions about their approach to diversity and employee development. This shows your interest in their values and how you can contribute to their supportive environment.
