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- Tasks: Lead Third Party Risk Management and implement strategies across suppliers.
- Company: Join a global household brand known for its innovation and impact.
- Benefits: Enjoy private healthcare, a strong pension, and enviable industry perks.
- Why this job: Be part of a transformative procurement initiative with real impact.
- Qualifications: Experience in supplier management and TPRM is essential.
- Other info: This is a new role requiring quick adaptation and problem-solving skills.
The predicted salary is between 72000 - 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 supplier base is in line
- Establish clear and consistent procedures for vendor onboarding, risk assessment, due diligence, and ongoing monitoring
- 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
Network with professionals in the procurement and risk management sectors. Attend industry events or webinars to connect with individuals who may have insights into the role and the company culture at StudySmarter.
✨Tip Number 2
Familiarise yourself with the latest trends and best practices in Third Party Risk Management. Being knowledgeable about current frameworks and regulations will help you stand out during discussions with our hiring team.
✨Tip Number 3
Prepare to discuss your previous experiences in implementing TPRM strategies. Be ready to share specific examples of how you've successfully managed supplier risks and transformed processes in past roles.
✨Tip Number 4
Demonstrate your adaptability and problem-solving skills during any interviews. Given that this role is part of a transformation, showcasing your ability to thrive in fast-paced environments will be crucial.
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. Discuss how your background aligns with their needs, particularly your experience in procurement transformation and risk management.
Highlight Key Skills: Emphasise your analytical skills, relationship-building abilities, and experience in change management. Mention any specific tools or methodologies you have used in previous roles that relate to TPRM.
Showcase Your Achievements: Include quantifiable achievements in your application, such as successful implementations of TPRM frameworks or improvements in supplier risk assessments. This will help demonstrate your impact in previous roles.
How to prepare for a job interview at Talent Drive | B Corp™
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the job description and the specific responsibilities of a Third Party Risk Manager. Be prepared to discuss how your previous experience aligns with their needs, especially in implementing TPRM frameworks and managing supplier relationships.
✨Showcase Your Analytical Skills
Since the role requires strong data analytical skills, come prepared with examples of how you've used data to make informed decisions in past roles. Highlight any specific tools or methodologies you've employed to analyse risks and improve processes.
✨Demonstrate Relationship-Building Abilities
This position involves building strong internal relationships across various levels. Prepare to share examples of how you've successfully collaborated with stakeholders, particularly at the C-suite level, and how you navigated challenges in those interactions.
✨Be Ready for Change Management Discussions
Given that this role is part of a transformation initiative, be ready to discuss your experience with change management. Share specific instances where you've successfully enacted change within an organisation and how you managed resistance or challenges during the process.
