At a Glance
- Tasks: Lead third-party risk management initiatives and enhance procurement processes.
- Company: Join Nest, a forward-thinking organisation focused on strategic sourcing.
- Benefits: Enjoy hybrid working, flexible hours, and opportunities for professional growth.
- Other info: Diversity and inclusion are at our core; everyone is encouraged to apply.
- Why this job: Be part of a transformative team making impactful changes in risk management.
- Qualifications: Experience in supplier risk management and understanding 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.
Key Responsibilities
- The role will oversee 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.
Qualifications
- 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.
Working arrangements
- Hybrid of office (Canary Wharf, London) and home working (with expectation to attend the office once or twice a week, or more, as required).
- Reduce or vary working hours.
- Reduce or vary the days worked.
- Work compressed hours.
- Job share.
Organisational overview
The Finance Directorate, led by the Chief Financial Officer and their leadership team, is made up of two distinct teams: Finance and Strategic Sourcing.
About Nest
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. Don't worry if you think you don't have all the key skills; it might be worth taking a few minutes to apply as we're good at spotting potential.
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.
Third-Party Risk Manager employer: Nest
At Nest, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters innovation and collaboration within the Strategic Sourcing Team. With a hybrid working model based in Canary Wharf, London, employees benefit from flexible working arrangements, extensive learning opportunities, and a strong commitment to diversity, equity, and inclusion, ensuring everyone can thrive and grow in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Third-Party Risk Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Nest looking for candidates who are engaged and informed.
We think you need these skills to ace Third-Party Risk Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Nest. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Nest
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Nest’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
