At a Glance
- Tasks: Manage third-party risk and ensure compliance with TPRM frameworks.
- Company: Join Kensington Mortgages, a supportive and inclusive workplace.
- Benefits: Flexible work environment, personal growth opportunities, and a healthy work-life balance.
- Other info: Diverse culture that values every individual's unique contributions.
- Why this job: Make a real impact in risk management while developing your professional skills.
- Qualifications: Experience in TPRM and strong stakeholder management skills required.
The predicted salary is between 60000 - 75000 £ per year.
Location: Remote
Department: Procurement
Hours: Monday - Friday 09:00-17:30
Overall Purpose of the Job: Deliver a high level of business compliance with the Third-Party Risk Management ("TPRM") framework and build organisational capability within the business to sustain compliance and to effectively manage third parties (extracting performance and value).
Key Accountabilities:
- Strategy and innovation
- Support the P P strategy and development plan.
- Track TPRM market trends, innovation and best practice.
- Stakeholder management
- Manage stakeholder relationships and respond to support needs.
- Promote awareness of the value of the P P function.
- Influence stakeholders, BRMs and budget holders to manage third parties in line with policy.
- Handle BRM challenges on TPRM assurance and best practice.
- Team management
- Build procurement and BRM capability to improve TPRM.
- Model and embed company values across the team.
- Help develop and strengthen the function's operating plans.
- Sourcing
- Support senior sourcing and supplier managers on key projects.
- Support low-value sourcing activity to ensure TPRM compliance.
- Third-party risk management
- Build BRM capability to manage risk and improve supplier value.
- Drive consistent TPRM adoption across the business.
- Ensure key outsourced and strategic suppliers meet TPRM requirements.
- Ensure sub-outsourcing is understood and due diligence is completed.
- Identify opportunities to improve contracts, service and cost, and share them with senior managers.
- Create training materials and guides for BRMs.
- Run regular clinics and communications to improve TPRM compliance.
- Support BRMs and act as the main P P contact for TPRM queries.
- Help maintain a TPRM framework across the full third-party lifecycle.
- Help maintain tools and templates for TPRM delivery.
- Support embedding TPRM across the organisation with BRMs.
- Review TPRM reports, highlight gaps and agree actions with BRMs to improve compliance.
- Carry out quality checks on TPRM activities, records and evidence.
- Help manage third parties to deliver outcomes, performance, value and innovation.
- Governance and reporting
- Stay up to date with TPRM-related regulation.
- Ensure third parties meet relevant standards and regulations.
- Prepare TPRM assurance content and actions for cost optimisation meetings.
- Support ERMC reporting on TPRM status.
- Manage business-led sourcing reports and keep TPRM records up to date.
Experience, knowledge and skills:
- TPRM experience in financial services
- Experience supporting sourcing activity
- Knowledge of contractual and commercial terms
- Experience in a fast-paced environment
- Strong negotiation skills
- Knowledge of TPRM best practice, ideally in financial services
- End-to-end policy and process development
- Knowledge of financial services regulation
- Strong communication, presentation and influencing skills
- Excellent stakeholder management and relationship-building skills
- Financial acumen, including interpreting accounts and building business cases
- Advanced Microsoft Office skills
Qualifications:
- Degree preferred
- CIPS or equivalent professional qualification preferred
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.
TPRM and Supplier Manager employer: Kensington Mortgage Company
Kensington Mortgages is an exceptional employer that prioritises employee well-being and professional growth, offering a flexible remote work environment that fosters a healthy work-life balance. Our inclusive culture not only values diversity but also encourages personal development through continuous learning opportunities, making it an ideal place for those looking to thrive in their careers while contributing to meaningful projects in the financial services sector.
Contact Details:
Kensington Mortgage Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land TPRM and Supplier Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work in TPRM or procurement. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by researching the company and its TPRM practices. Show us you know your stuff and can bring value to the team. Tailor your answers to highlight your relevant experience and skills.
✨Tip Number 3
Don’t just wait for job alerts! Regularly check our website for new opportunities. Sometimes the best roles are filled quickly, so being proactive can give you an edge.
✨Tip Number 4
Follow up after interviews with a thank-you note. It’s a simple gesture that shows your enthusiasm for the role and keeps you fresh in the interviewer's mind. Plus, it’s a great way to reiterate your fit for the position!
We think you need these skills to ace TPRM and Supplier Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the TPRM and Supplier Manager role. Highlight your relevant experience in third-party risk management and stakeholder management, as these are key for us.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've successfully managed suppliers or improved compliance in previous roles.
Showcase Your Skills:Don’t forget to showcase your strong negotiation skills and financial acumen. We want to see how you can interpret accounts and build business cases that align with our goals.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better!
How to prepare for a job interview at Kensington Mortgage Company
✨Know Your TPRM Inside Out
Make sure you brush up on your knowledge of Third-Party Risk Management. Understand the latest trends, regulations, and best practices in the financial services sector. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've successfully managed stakeholder relationships in the past. Think about times when you influenced decisions or resolved conflicts. This is crucial for the TPRM and Supplier Manager role, so be ready to discuss your approach and outcomes.
✨Demonstrate Your Negotiation Prowess
Since strong negotiation skills are a must-have for this position, come prepared with specific instances where you've negotiated contracts or agreements. Highlight the strategies you used and the results achieved to showcase your capability in this area.
✨Prepare Questions That Matter
At the end of the interview, you'll likely have the chance to ask questions. Prepare thoughtful queries about the company's TPRM framework, team dynamics, or future projects. This shows your enthusiasm for the role and helps you assess if the company is the right fit for you.