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- Tasks: Lead procurement and third-party management to enhance road safety.
- Company: Join MIB, a passionate team dedicated to making roads safer.
- Benefits: Competitive salary, hybrid working, generous holiday, and wellness support.
- Why this job: Make a real difference in people's lives while developing your career.
- Qualifications: Experience in procurement and strong stakeholder management skills required.
- Other info: Inclusive workplace where your unique perspective is valued.
The predicted salary is between 40800 - 67200 £ per year.
About MIB
At MIB our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers and Government our collective aim is to make it a thing of the past but, until that’s accomplished, we’re here to compensate victims quickly, fairly and compassionately. Last year we helped more than 34,000 people struck by uninsured and hit-and-run drivers and paid over £400 million in compensation to support victims rebuild their lives.
About the role
Support the business to adopt and embed the TPRM framework. Deliver first-class Procurement services to assigned business areas that meet the needs of the MIB. Support assigned business areas to manage their third parties – particularly their critical and high risk third parties – in line with the TPRM framework.
Key responsibilities
- Support the implementation and ongoing operation of the TPRM framework at MIB, as a comprehensive approach to managing risk and driving value from our key third party service providers.
- Support the development of a Procurement and Third-Party Management policy framework, ensuring the documentation is reviewed and updated on an ongoing basis as required.
- Support to develop and deliver TPRM training materials, workshops and training sessions across the business.
- Partner with Third Party Accountable Executives (TPAE) and Third-Party Relationship Owners (TPRO) to define a collaborative approach to sourcing and ongoing third party management for assigned business areas, ensuring roles and responsibilities are clearly documented and understood.
- Lead the delivery of end-to-end Procurement activity for assigned business areas, including sourcing approach, pre-qualification, tender, negotiation, preparation of contract, due diligence, onboarding, renewals and offboarding.
- Work collaboratively with Legal to ensure contractual documentation is drafted to contain adequate and appropriate commercial structure, all required clauses to ensure legal and regulatory compliance, and third-party performance criteria to drive delivery aligned to business needs.
- Provide third party management support to TPROs and TPAEs in assigned business areas in line with the TPRM framework. Level of support will vary according to the criticality of the third-party relationship.
- The Lead may be required to provide lighter-touch support for medium and low risk third party engagements but may be required to lead third party management activities for critical and high risk third parties.
- Third party management activities include (but are not limited to) conducting supplier introductory meetings and performance reviews, monitoring supplier performance against key performance indicators (KPIs) and service level agreements (SLAs), identifying areas for improvement, addressing performance issues and agreeing improvement actions, supplier issue resolution, performance recovery and exit-planning activities.
- Contribute to the delivery of cost reductions, efficiencies and value opportunities through delivery of Procurement and third-party management activities.
- Build and maintain excellent relationships with internal stakeholders throughout the business, including those at a senior leadership level.
- Provide Procurement and Third-Party Management SME inputs, strategic commercial advice and challenge at a senior leadership level.
- Provide peer-to-peer guidance, challenge and support to the central team in their delivery of Procurement services and Third-Party management support to the business.
- Work with Finance business partners to produce accurate budgets, forecasts and supplier spend analysis, as required.
- Support to develop and maintain an external network of Procurement and Third-Party Management contacts to develop category expertise, drive market insight, leverage market commercial power and bring technical and/or industry subject matter expertise back into MIB.
- Identify and implement process and system enhancements as required, to drive procurement maturity and ongoing continuous improvement.
Skills and Experience
- Procurement and third-party management experience in a fast-paced organisation.
- Extensive Procurement and third party management experience and experience in IT services and professional services.
- Commercially astute, financially literate and legally competent to negotiate and draft complex supplier contracts.
- Strong influencing and stakeholder management skills, with a proven ability to build constructive working relationships with suppliers, negotiating to deliver results, enforcing contractual obligations and achieving cost savings and improvements.
- Highly credible and collaborative team member, comfortable to challenge, and with excellent influencing skills and the gravitas to establish trust and confidence of senior stakeholders (TPAEs and TPROs) at senior management level.
- Excellent presentation and communication skills, both written and verbal, with an ability to translate complex technical subject matter into clear, concise and impactful information that drives the right decisions.
- Sector experience of insurance and/or financial services is highly desirable.
- Fully qualified CIPS professional, with a commitment to maintaining CPD and keeping up to date with developments within the profession and best practice.
We believe in a workplace where everyone can be themselves. Through our different ideas, personalities and experiences, we redefine what is possible every day. And regardless of your colour, age, race, gender, sexual orientation or anything else you consider yourself to be, there is a place for you at MIB. A place where you can bring your best self to work every day. So, if you think big, love a challenge and want to make a difference to people’s lives, we want to hear from you.
Procurement and Third Party Management Lead - Milton Keynes in Saint Neots employer: MIB
Contact Detail:
MIB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement and Third Party Management Lead - Milton Keynes in Saint Neots
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its values. Show them you’re not just another candidate; you’re genuinely interested in making a difference at MIB.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills in procurement and third-party management can help MIB achieve its goals. Confidence is key!
✨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 the team.
We think you need these skills to ace Procurement and Third Party Management Lead - Milton Keynes in Saint Neots
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Procurement and Third Party Management Lead role. Highlight your relevant experience in procurement and third-party management, especially in fast-paced environments like insurance or financial services.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your influencing and stakeholder management abilities. We want to see how you’ve built relationships and delivered results.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language to explain complex ideas, as this reflects the excellent communication skills we’re looking for. Remember, clarity is key!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role right there!
How to prepare for a job interview at MIB
✨Know Your TPRM Framework
Before the interview, make sure you understand the Third Party Risk Management (TPRM) framework thoroughly. Familiarise yourself with how it operates and be ready to discuss how you can support its implementation at MIB. This shows that you're not just interested in the role but also in contributing to the company's mission.
✨Showcase Your Procurement Experience
Prepare specific examples from your past roles where you've successfully managed procurement processes or third-party relationships. Highlight your experience in negotiating contracts and driving efficiencies, as this will resonate well with the interviewers looking for someone who can deliver results.
✨Build Relationships
Demonstrate your strong influencing and stakeholder management skills during the interview. Be ready to discuss how you've built constructive working relationships in previous roles, especially with senior stakeholders. This is crucial for a role that requires collaboration across various business areas.
✨Communicate Clearly
Practice explaining complex procurement concepts in simple terms. The ability to translate technical jargon into clear, impactful information is key. During the interview, focus on your communication skills, both verbal and written, to show that you can effectively convey important information to diverse audiences.
