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For Companies At a Glance
- Tasks: Manage third party risk and vendor onboarding while collaborating with teams.
- Company: Join a globally recognized brand that's fun and growing fast!
- Benefits: Enjoy a competitive salary, bonuses, healthcare, great pension, and food allowance.
- Why this job: Be part of a new team making a real impact in risk management.
- Qualifications: Experience in procurement or risk management is preferred; open to ambitious candidates.
- Other info: Work in Central London, 3 days a week, in a dynamic environment.
The predicted salary is between 46000 - 78000 £ per year.
Job Description
Third Party Risk Specialist | £55,000 to £65,000 | Bonus | Healthcare | Great Pension | Food Allowance | + many more amazing benefits | Central London – 3 days a week | A globally recognised, fun brand
This really is an amazing opportunity to joining a globally recognised brand who operate in most countries, but still on a really strong growth trajectory.
You'll be working in a newly formed function of the global group procurement function to manage supplier due diligence, ensure their new system is being used properly and widely known across the business and mainly to manage their Third Party Risk Management for their entire supplier base.
They are quite open to experience and background; ideally someone who has TPRM, Procurement Governance or Supplier Due Diligence is preferable. However, they will consider an ambitious and generalist Procurement Manager who has a desire to move into a more Risk and TPRM focussed position.
Role and responsibilities:
- Manage the end to end third party risk management vendor onboarding process and workflow by collaborating with requesters and risk teams to ensure that all necessary risk checks are carried out
- Support procurement team and the wider business with financial health and sanctions checks at both onboarding and monitoring contract lifecycle
- Support the development and enhancement of TPRM frameworks, policies, and procedures in line with industry best practices and regulatory requirements.
- Provide coaching and guidance for procurement colleagues and the wider business on how to manage and mitigate procurement owned risks with particular attention towards business critical suppliers
- Review, update, and implement the business continuity plan for critical suppliers
Experience & requirements:
- Experience within Procurement Operations or vendor management, or similar risk management roles
- Proficient in risk management tools such as Dun & Bradstreet and Comply Advantage and analysis of company financial data
- Knowledge of TPRM domains, processes, and systems
- Monitoring and measurement of supplier performance
- Strong communication – listening, verbal and written, able to adapt to a variety of audiences and situations
- Can-do attitude, collaborative and thrives in a rapidly changing environment.
Third Party Risk Specialist 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 Specialist
✨Tip Number 1
Familiarize yourself with the latest trends and best practices in Third Party Risk Management (TPRM). This will not only help you understand the role better but also allow you to speak confidently about how you can contribute to the team during interviews.
✨Tip Number 2
Network with professionals in the procurement and risk management fields. Attend industry events or join relevant online forums to connect with others who may provide insights or even referrals for the position.
✨Tip Number 3
Demonstrate your understanding of risk management tools like Dun & Bradstreet and Comply Advantage. If you have experience using these tools, be prepared to discuss specific examples of how you've utilized them in past roles.
✨Tip Number 4
Showcase your communication skills by preparing to discuss how you've effectively collaborated with cross-functional teams in previous positions. Highlight any experiences where you coached or guided colleagues on risk management practices.
We think you need these skills to ace Third Party Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Procurement Operations, vendor management, or risk management roles. Emphasize any specific tools you have used, like Dun & Bradstreet or Comply Advantage.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your understanding of Third Party Risk Management and how your background aligns with their needs. Be sure to showcase your communication skills.
Highlight Relevant Skills: Clearly outline your proficiency in risk management tools and your ability to manage supplier performance. Use specific examples from your past experiences to demonstrate your capabilities.
Showcase Your Adaptability: Given the dynamic nature of the role, mention instances where you've thrived in rapidly changing environments. This will show that you possess the can-do attitude they are looking for.
How to prepare for a job interview at Talent Drive | B Corp™
✨Show Your Knowledge of TPRM
Make sure to brush up on Third Party Risk Management concepts and frameworks. Be prepared to discuss your understanding of TPRM processes and how they relate to supplier due diligence, as this will demonstrate your expertise in the field.
✨Highlight Relevant Experience
Even if your background isn't strictly in TPRM, emphasize any experience you have in procurement operations or vendor management. Share specific examples of how you've managed risks or improved processes in previous roles.
✨Demonstrate Strong Communication Skills
Since the role requires strong communication abilities, practice articulating your thoughts clearly and concisely. Be ready to adapt your communication style to different audiences, showcasing your versatility.
✨Prepare Questions About the Role
Come prepared with insightful questions about the company's TPRM framework and how it integrates with their overall procurement strategy. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
