At OSB Group, our third-party relationships are critical to how we operate, innovate and deliver for our customers. We're looking for a Head of Procurement and Third-Party Risk Management to provide strategic leadership across procurement and TPRM, ensuring our frameworks are robust, compliant, and future‑ready.
The role carries clear ownership for driving the transformation of procurement and third‑party risk management across the Group, embedding a modern operating model, fit‑for‑purpose tooling and strong executive‑level oversight.
This role reports directly into Group Chief Operating Officer and will lead a geographically distributed team and oversee the full third-party lifecycle - from sourcing and onboarding through to ongoing monitoring and exit, ensuring our approach is resilient, proportionate and aligned to business strategy, while enabling agility and innovation.
You’ll operate within the Group's SMCR framework, representing the function at senior governance forums and acting as a trusted partner to leaders across the business.
This role can be based in Wolverhampton or Chatham and will involve some UK and international travel, including India.
What you will be doing:
The Head of Procurement and Third-Party Risk Management is a senior leadership role with first line accountability, responsible for setting and embedding the Group's procurement and third‑party risk strategy, strengthening governance, and ensuring we extract demonstrable commercial value from our supplier relationships while meeting regulatory expectations.
Your responsibilities will include:
Setting, owning and continually enhancing the Group's Procurement and Third-Party Risk Management (including IntraGroup) strategy, policies, standards, operating model and governance framework across all functions and geographies
Providing strategic leadership across the end‑to‑end supplier lifecycle, including onboarding, due diligence, ongoing monitoring, issue management and offboarding
Leading major sourcing initiatives, high‑value RFPs and category management, delivering strong commercial outcomes, spend optimisation and resilient supplier relationships
Developing and maintaining robust third‑party risk frameworks, including inherent risk classification, supplier scoring models and oversight of the Outsourcing and Critical Third-Party Register (including PRA submissions)
Partnering closely with Legal, Risk and Relationship Owners on contract reviews, renegotiations, regulatory compliance and risk mitigation
Supporting transformation and change programmes, including the Group's move towards a more digital and technology‑driven operating model through driving continuous improvement, process optimisation and technology adoption
What's in it for you?
Base salary c£150,000 dependent upon experience and location
Enhanced family‑focused benefits
Annual bonus opportunity up to 40%
30 days annual leave + bank holidays
Please use this link to see the fantastic benefits available at OSB: https://www.osb.co.uk/careers/overview
About Us
At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'.
Our commitment to professional development, flexible working, and employee well‑being fosters a dynamic and supportive workplace.
Do you have the skills?
Proven experience developing and embedding Procurement and TPRM / IntraGroup frameworks, including policy development, risk management and process optimisation within financial services or a similarly regulated environment
Transformation ownership across Procurement and TPRM including tooling replacement/consolidation and Board level reporting
Experience operating with delegated executive authority, representing functions at senior governance forums and managing complex stakeholder relationships across all levels
Strong understanding of UK regulatory requirements for Outsourcing and Third-Party Risk Management, alongside solid knowledge of Procurement and Operational Risk Management frameworks
Demonstrable commercial acumen, including cost modelling, supplier negotiations, contract reviews and end‑to‑end management of RFQ/RFP processes
Proven ability to align functional strategy to wider business objectives, manage multiple priorities in a fast‑paced environment and lead teams remotely
Excellent communication, analytical and presentation skills, with a structured approach and strong attention to detail
Next steps
If this sounds like you, apply now! Still on the fence? Hear from our team or explore our process: OSB Careers
Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational - inclusive any individual reasonable support required. We want to bring out the best in you!
Diversity & Inclusion
We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.
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