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- Tasks: Lead Third Party Risk Management, ensuring compliance and mitigating vendor risks.
- Company: Join a global household brand known for its innovative procurement strategies.
- Benefits: Enjoy a competitive salary, hybrid work, private healthcare, and a strong pension plan.
- Why this job: Be part of a transformative role that shapes supplier relationships and drives change.
- Qualifications: Experience in supplier management and TPRM with strong analytical and leadership skills required.
- Other info: This is a new role within a dynamic team, perfect for proactive problem solvers.
The predicted salary is between 68000 - 102000 £ 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, gaining 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 best practices in sourcing and SRM.
- Create a TPRM strategy and operating model, which includes risk owners and 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.
- Ability to 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 quickly 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 (£85k) employer: ZipRecruiter
Contact Detail:
ZipRecruiter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Third Party Risk Manager (£85k)
✨Tip Number 1
Familiarise yourself with the latest trends in Third Party Risk Management (TPRM) and procurement transformation. Understanding current best practices 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 TPRM space, especially those who have experience in implementing frameworks within large organisations. Engaging with industry peers can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed supplier relationships and mitigated risks in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Research the company’s existing procurement strategies and any recent changes they’ve made. Tailoring your conversation to align with their current initiatives will show that you’re proactive and genuinely interested in contributing to their success.
We think you need these skills to ace Third Party Risk Manager (£85k)
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 and improve TPRM policies.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience in building relationships and managing risks.
Showcase Analytical Skills: Emphasise your strong data analytical skills in both your CV and cover letter. Provide examples of how you've used these skills to make informed decisions or improve processes in previous roles.
Highlight Adaptability: Given the fast-paced nature of the role, mention instances where you've successfully adapted to change or led transformation initiatives. This will demonstrate your readiness to hit the ground running.
How to prepare for a job interview at ZipRecruiter
✨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 the requirements, especially in implementing TPRM policies and frameworks.
✨Showcase Your Relationship-Building Skills
Since building strong internal relationships is crucial for this role, come prepared with examples of how you've successfully collaborated with various stakeholders in the past. Highlight your ability to engage with C-suite executives and other key players.
✨Demonstrate Your Analytical Skills
Be ready to discuss your data analytical skills and how you've used them to mitigate risks in previous roles. Prepare to share specific instances where your analysis led to improved supplier management or compliance.
✨Prepare for Change Management Questions
Given that this role is part of a transformation initiative, expect questions about change management. Think of examples where you've successfully navigated change and how you can apply those experiences to help the company adapt during its procurement transformation.
