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- Tasks: Manage third-party suppliers and drive procurement processes to optimise value.
- Company: Join a leading financial services organisation with a focus on innovation.
- Benefits: Up to £65,000 salary, annual bonus, 29 days holiday, and hybrid working.
- Why this job: Make an impact by managing key supplier relationships and driving strategic initiatives.
- Qualifications: Experience in procurement and strong negotiation skills required.
- Other info: Dynamic role with opportunities for professional growth and development.
The predicted salary is between 46800 - 78000 £ per year.
We are looking for a dynamic Third-Party Manager to join our Procurement team. Reporting to the Head of Procurement, you will take ownership of a portfolio of third-party suppliers aligned to key business areas and senior stakeholders.
In this role, you will manage the full supplier lifecycle, from onboarding and commercial negotiation to ongoing relationship management, renewals, and exits, ensuring compliance with our Procurement Policy and risk management framework. You will also develop sourcing and category strategies for your areas and play a key part in embedding best practice across the Society.
This is a varied role that spans procurement, supplier risk management, and relationship management. You will act as the single point of contact for leadership and relationship owners, building strong partnerships and driving value across the organisation.
Here's a taste of what you will be doing as a Third Party Manager at Nottingham Building Society:
- Procurement and Sourcing: Lead end-to-end procurement processes, including supplier identification, RFP management, contract negotiation, and onboarding.
- Contract Negotiation: Drive negotiations to secure favourable commercial outcomes and robust terms and conditions for the Society.
- Category Strategy: Develop and implement category strategies to optimise cost, quality, and service delivery.
- Policy Compliance: Ensure all procurement activities adhere to internal policies and relevant industry regulations.
- Risk Management: Facilitate thorough due diligence and ongoing risk assessments of suppliers, covering financial stability, operational resilience, information security, and regulatory compliance.
- Risk Frameworks: Maintain and enhance third-party risk frameworks, ensuring alignment with FCA, PRA, and other regulatory requirements.
- Performance Monitoring: Monitor and report supplier performance against SLAs and KPIs, leading corrective actions where necessary.
- Relationship Management: Build strong relationships with leadership teams, internal stakeholders, and key suppliers to drive innovation, mitigate risk, and deliver service excellence.
About you:
- Procurement Expertise: Proven experience in procurement, third-party risk, and relationship management, ideally within financial services.
- Regulatory Knowledge: Strong understanding of FCA and PRA requirements for outsourcing and third-party risk.
- Negotiation Skills: Excellent ability to negotiate contracts and influence senior stakeholders effectively.
- Analytical Mindset: Skilled at interpreting complex data and making informed, risk-based decisions.
- Process and Change: Experience embedding new policies and leading colleagues through change initiatives.
- Collaborative Approach: Customer-focused, adaptable, and confident working across multiple areas and specialisms.
- Qualifications: Relevant certifications such as CIPS or training in procurement, risk management, or supplier management are desirable.
Reward & Benefits:
Competitive Package: Fair salary benchmarked against market data, annual discretionary bonus, and 29 days holiday plus.
Third Party Manager in Nottingham employer: Nottingham Building Society
Contact Detail:
Nottingham Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Manager in Nottingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Third Party Manager role. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its procurement processes. Familiarise yourself with their suppliers and any recent news. This will help you tailor your answers and show that you’re genuinely interested in the role and the organisation.
✨Tip Number 3
Practice your negotiation skills! Since this role involves contract negotiations, consider role-playing scenarios with a friend or mentor. This will help you feel more confident when discussing terms and conditions during interviews.
✨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, if you need any adjustments during the application process, just reach out to us—we’re here to help!
We think you need these skills to ace Third Party Manager in Nottingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Third Party Manager role. Highlight your procurement experience, negotiation skills, and any relevant certifications. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Share specific examples of your past successes in supplier management and how you can bring value to us at Nottingham Building Society.
Showcase Your Analytical Skills: Since this role requires an analytical mindset, don’t forget to mention your experience with data interpretation and risk-based decision-making. We love seeing how you’ve used these skills in previous roles to drive results!
Apply Through Our Website: Remember to apply via the application button on our careers site. It’s the easiest way for us to receive your application, and we can’t wait to see what you bring to the table!
How to prepare for a job interview at Nottingham Building Society
✨Know Your Procurement Stuff
Make sure you brush up on your procurement knowledge, especially around supplier lifecycle management and contract negotiation. Familiarise yourself with the FCA and PRA requirements, as these will likely come up during the interview.
✨Showcase Your Negotiation Skills
Prepare to discuss specific examples of successful negotiations you've led in the past. Highlight how you secured favourable terms and conditions, and be ready to explain your approach to influencing senior stakeholders.
✨Demonstrate Relationship Management
Think of instances where you've built strong partnerships with suppliers or internal teams. Be ready to share how you’ve driven value and innovation through these relationships, as this role heavily relies on effective collaboration.
✨Be Data-Savvy
Since the role requires an analytical mindset, prepare to talk about how you've used data to make informed decisions in previous roles. Bring examples of how you've monitored supplier performance against SLAs and KPIs, and what actions you took based on that data.
