At a Glance
- Tasks: Lead third-party risk management initiatives and collaborate with the Strategic Sourcing Team.
- Company: Join Nest, the UK's largest workplace pension scheme, committed to inclusivity.
- Benefits: Flexible working hours, hybrid options, and access to learning opportunities.
- Other info: Diversity and inclusion are at our core; everyone is welcome to apply.
- Why this job: Make a real impact in risk management while growing your career in a dynamic environment.
- Qualifications: Experience in third-party risk management and understanding of complex commercial arrangements.
The predicted salary is between 55000 - 65000 £ per year.
The Third-Party Risk Manager role will play a key role within the Strategic Sourcing Team, particularly in the implementation of formal 3rd Party Risk management, associated initiatives, mitigations and reporting. The role will act as the lead contact with Nest's Risk directorate, ensuring consistency of approach to risk and best practice is applied to Nest's Procurement & Supply chain management activities. The role will produce risk data relevant to 3rd parties along with recommendations for risk mitigation and continuous improvement in procurement, contracting and contract management.
The minimum criteria for this role are:
- Experience in implementation of 3rd Party/Supplier Risk management approaches across commercially developing organisations
- Experience in understanding complex commercial arrangements and the risks inherent within them.
- Detailed knowledge of the rules, regulations and ethical standards set by the Financial Conduct Authority (FCA)
- Experience influencing colleagues & suppliers to embrace changes in approach.
At Nest, you’ll have access to a range of learning opportunities to learn, grow and build the skills you need to be successful in your role and career.
Flexible and agile working: Everyone's personal situation is different. To make the most out of hybrid working, we've introduced different ways of working, which include (subject to role requirements):
- hybrid of office (Canary Wharf, London) and home working (there will be an expectation to attend the office, once - twice a week, or more, as required)
- reduce or vary working hours
- reduce or vary the days worked
- work compressed hours
- job share
This role would be responsible for overseeing a key new activity within the Strategic Sourcing Team. It is an exciting time to join the function as the Director of Strategic Sourcing is looking to make a significant amount of change and enhancement in each of the areas but also looking for synergies and alignment across the Directorate.
Nest is an award-winning workplace pension scheme, the largest in the country. Set up by the government to give every worker in the UK somewhere to save, our first-class responsible investment practice and governance are the backbone of what we do, supported by all the functions you’d expect to find in a thriving business. We’re committed to creating a workplace where you can be your authentic self and offer an inclusive and flexible working environment.
Diversity, Equity and Inclusion: Everyone is welcome to apply for our roles, and we are determined to ensure that no applicant or employee receives less favourable treatment because of their age, disability, gender identity, marital status, national origin, pregnancy or caring responsibilities, race, religion/belief, sex, sexual orientation or socio economic background. We also recognise the importance of diversity of thought and other forms of neurocognitive variation.
Nest is a Disability Confident Leader, which is the highest level of the Disability Confident Scheme. If you have a disability, please declare that you’re applying through the scheme. We aim to offer an interview to those applicants who apply through the Disability Confident Scheme and best meet the minimum criteria. However, there may be some circumstances where this is not possible due to the volume of applications.
Please note that this advert may close early if we receive a sufficient number of satisfactory applications. If you have any difficulty in sending your application or need the application pack in an alternative format, or you require any reasonable adjustments please contact: [email protected].
Third Party Risk Manager in London employer: Nest Corporation
Nest is an exceptional employer, offering a dynamic and inclusive work environment in the heart of Canary Wharf, London. With a strong commitment to employee growth, you will have access to a variety of learning opportunities and flexible working arrangements that cater to your personal needs. Join us to be part of a forward-thinking team dedicated to responsible investment practices and making a meaningful impact in the workplace pension sector.
StudySmarter Expert Advice🤫
We think this is how you could land Third Party Risk Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work at Nest or similar companies. A friendly chat can open doors and give you insights that might just help you stand out.
✨Tip Number 2
Prepare for the interview by researching Nest's values and recent projects. Show us that you’re not just another candidate; demonstrate how your experience aligns with our mission and how you can contribute to our goals.
✨Tip Number 3
Practice makes perfect! Get a friend to do a mock interview with you. Focus on articulating your experience with third-party risk management and how you’ve influenced change in past roles. 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. Plus, we love spotting potential, so even if you don’t tick every box, we want to hear from you!
We think you need these skills to ace Third Party Risk Manager in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in 3rd Party Risk management. We want to see how your skills align with the role, so don’t hold back on showcasing relevant projects or achievements!
Showcase Your Knowledge:Demonstrate your understanding of the rules and regulations set by the FCA. We’re looking for someone who can navigate complex commercial arrangements, so include examples that illustrate your expertise in this area.
Be Authentic:At Nest, we value authenticity. Don’t be afraid to let your personality shine through in your application. Share your motivations for applying and how you can contribute to our team’s success!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Nest Corporation
✨Know Your Risk Management Basics
Make sure you brush up on the fundamentals of third-party risk management. Understand the key principles and frameworks that guide this area, especially those relevant to procurement and supply chain management. This will help you speak confidently about how you can contribute to Nest's initiatives.
✨Familiarise Yourself with FCA Regulations
Since the role requires detailed knowledge of the Financial Conduct Authority's rules and regulations, take some time to review these guidelines. Being able to discuss how these regulations impact third-party relationships will show your preparedness and understanding of the industry standards.
✨Prepare Real-World Examples
Think of specific instances where you've successfully implemented risk management strategies or influenced colleagues and suppliers. Be ready to share these stories during the interview, as they will demonstrate your practical experience and ability to drive change in a commercial setting.
✨Show Your Adaptability
Nest values flexibility and agility, so be prepared to discuss how you've adapted to changing circumstances in previous roles. Highlight any experiences where you've worked in hybrid environments or adjusted your working style to meet team needs, as this aligns well with their culture.
