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- Tasks: Manage third-party risk and supplier relationships to ensure compliance and drive value.
- Company: Join Kensington Mortgages, a leader in specialist mortgage solutions for over 25 years.
- Benefits: Enjoy competitive salary, 25 days holiday, and a fantastic range of benefits.
- Why this job: Be part of a dynamic team that values innovation and compliance in a supportive culture.
- Qualifications: Experience in third-party risk management and a degree or relevant qualification preferred.
- Other info: Remote work opportunity for UK residents only; embrace diversity and inclusion in the 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 third-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 KMC, our employees are the heart of our success. We strive to create workplaces that promote professional development and work-life balance. Our inclusive culture values diversity in all its forms, ensuring everyone feels respected and valued. As an equal opportunity employer, we embrace differences in gender, race, identity, ethnic origin, and sexual expression.
TPRM and Supplier Manager employer: Kensington Mortgages
Contact Detail:
Kensington Mortgages Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land TPRM and Supplier Manager
✨Tip Number 1
Familiarise yourself with the latest trends in third-party risk management (TPRM) 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 TPRM field, especially those who have experience in financial services. Attend relevant webinars or industry events to build connections and gain insights that could give you an edge in your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed third-party relationships or compliance issues in the past. Being able to articulate your experiences clearly will demonstrate your capability and fit for the role.
✨Tip Number 4
Research Kensington Mortgages and their approach to TPRM. Understanding their unique culture and values will help you tailor your responses in interviews and show that you're genuinely interested in being part of their team.
We think you need these skills to ace TPRM and Supplier Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in third-party risk management and supplier management. Use keywords from the job description to demonstrate that you meet the specific requirements of the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for compliance and your understanding of the TPRM framework. Mention specific examples from your past experiences that align with the key accountabilities listed in the job description.
Highlight Relevant Skills: In your application, emphasise skills such as negotiation, stakeholder management, and communication. These are crucial for the role and should be clearly demonstrated through your previous work experiences.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for the TPRM and Supplier Manager position.
How to prepare for a job interview at Kensington Mortgages
✨Understand the TPRM Framework
Familiarise yourself with the Third Party Risk Management (TPRM) framework, especially in the context of financial services. Be prepared to discuss how you can enhance compliance and drive value from third-party relationships.
✨Showcase Your Negotiation Skills
Since negotiation is a key part of this role, come equipped with examples of past negotiations you've successfully managed. Highlight how these experiences can translate into better outcomes for Kensington Mortgages.
✨Demonstrate Stakeholder Management
Prepare to discuss your experience in building relationships and influencing stakeholders at various levels. This role requires excellent interpersonal skills, so be ready to share specific instances where you've effectively managed stakeholder expectations.
✨Stay Updated on Market Trends
Research current trends in TPRM and be ready to discuss innovative practices that could benefit the company. Showing that you are proactive about industry developments will demonstrate your commitment to the role.
