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- Tasks: Lead Third Party Risk Management in a dynamic procurement transformation.
- Company: Join a global household brand known and used by everyone.
- Benefits: Enjoy private healthcare, a strong pension, and enviable industry perks.
- Why this job: Be part of a new function driving impactful change and innovation.
- Qualifications: Experience in supplier management and TPRM is essential.
- Other info: This is a 12-month fixed-term contract with hybrid working options.
The predicted salary is between 60000 - 84000 £ per year.
A brand new role in the midst of a procurement transformation and new initiatives from the Procurement Centre of Excellence function, Third Party Risk Management now sits within the procurement function. This business is looking for an experienced TPRM who has implemented this in parallel with supplier frameworks across the board with an entire supplier base for a company. Being a new role, new function and part of change, this person will need to hit the ground running from day 1 to ensure wider metrics of the procurement transformation fall into place.
Role and responsibilities:
- Build strong internal relationships across all levels, gain accountability to identify each business area's suppliers and associated risks.
- Implement and manage effective TPRM across all suppliers and the existing contracts.
- Mitigate risks associated with third-party vendors and ensure compliance with regulations and internal policies.
- Support the Supplier Management framework to roll this out across all vendors in all categories.
- Analyse and consolidate the procurement team's behaviours and implement the best practice in sourcing and SRM.
- Create a TPRM strategy, operating model, which includes risk owners and create a TPRM policy.
- Ensure all TPRM frameworks are in line with the group CSR and ESG policies, for the audit team to justify the supplier base is in line.
- Establish clear and consistent procedures for vendor onboarding, risk assessment, due diligence, and ongoing monitoring.
Experience and requirements:
- Supplier management and Third Party Risk management.
- Proven experience of implementing, improving and transforming a TPRM policy and framework.
- Can work at a fast pace and adapt to change in the midst of a transformation.
- Ability to analyse detailed financial and general management information.
- Proven ability to build strong relationships with internal and external stakeholders at a variety of levels, up to C-suite.
- Strong data analytical skills, leadership ability, and business and project management knowledge.
- A proactive and self-motivated individual who enjoys finding solutions to problems in a quick changing and large sized business.
- Confidence to challenge existing ways of working and enact change management.
- Displaying determination with a tenacity to deliver to the bottom line.
Third Party Risk Manager (12 month - £100k) employer: Talent Drive | B Corp™
Contact Detail:
Talent Drive | B Corp™ Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Manager (12 month - £100k)
✨Tip Number 1
Familiarise yourself with the latest trends and best practices in Third Party Risk Management. Understanding the current landscape will not only help you in interviews but also demonstrate your commitment to staying ahead in the field.
✨Tip Number 2
Network with professionals in the procurement and risk management sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented TPRM frameworks in previous roles. Be ready to explain your approach to building relationships with stakeholders and how you’ve navigated challenges in fast-paced environments.
✨Tip Number 4
Research StudySmarter's values and culture, as well as our approach to procurement transformation. Tailoring your conversations to align with our mission will show that you're not just looking for any job, but that you're genuinely interested in being part of our team.
We think you need these skills to ace Third Party Risk Manager (12 month - £100k)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Third Party Risk Management and supplier frameworks. Use specific examples that demonstrate your ability to implement TPRM policies and frameworks effectively.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Clearly outline how your skills and experiences align with the responsibilities mentioned in the job description, particularly your ability to build relationships and manage risks.
Highlight Relevant Achievements: When detailing your work history, focus on achievements that showcase your success in risk management and procurement transformation. Use metrics where possible to quantify your impact, such as improvements in compliance or efficiency.
Showcase Soft Skills: Emphasise your soft skills, such as relationship-building and adaptability, which are crucial for this role. Provide examples of how you've successfully navigated change and collaborated with stakeholders at various levels.
How to prepare for a job interview at Talent Drive | B Corp™
✨Understand the Role Inside Out
Make sure you thoroughly understand the responsibilities and requirements of the Third Party Risk Manager position. Familiarise yourself with TPRM frameworks, supplier management, and the specific challenges the company faces in procurement transformation.
✨Showcase Your Experience
Prepare to discuss your previous experience in implementing TPRM policies and frameworks. Be ready to provide specific examples of how you've successfully managed risks associated with third-party vendors and improved supplier relationships.
✨Demonstrate Relationship-Building Skills
Since this role requires building strong internal relationships, think of examples where you've effectively collaborated with various stakeholders. Highlight your ability to communicate and influence at all levels, especially with C-suite executives.
✨Be Ready for Change Management Questions
Given the transformative nature of this role, expect questions about change management. Prepare to discuss how you've navigated change in previous roles and your approach to enacting new processes or strategies within a team.
