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Third Party Risk Management and Supplier Manager, United Kingdom
Client:
Kensington Mortgages
Location:
Remote (UK residents only)
Job Category:
Other
EU work permit required:
Yes
Job Views:
1
Posted:
30.03.2025
Expiry Date:
14.05.2025
Job Description:
Overall Purpose of Job
Are you passionate about ensuring business compliance and driving value from third-party relationships?
We are seeking a dedicated Third Party Risk Management and Supplier Manager to join our dynamic team. In this role you will play a pivotal part in enhancing our TPRM framework and building organisational capability to foster compliance and effective third-party management.
Key Accountabilities
* Support the P&P strategic vision and development plan.
* Stay abreast of external market trends related to TPRM, identifying innovation practices and opportunities for improvement.
* Support the drive to establish a business-wide cultural awareness of the value derived from partnering with the P&P function.
* Manage challenges from the BRM community regarding TPRM assurance outcomes and interpretations of best practice.
* Support the building of the procurement function and wider organizational capability by developing the skills of the BRM group and budget holders to enable improved TPRM.
* Contribute to the establishment of ongoing operating plans to develop and strengthen the function.
* Provide support to the Senior Sourcing and Supplier Manager(s) on key projects as required.
* Support the business on lower value business-led sourcing activity to aid compliance with third-party risk management frameworks.
* Build the capability of the BRM community to manage risk and extract enhanced third-party performance and value for money.
* Ensure that material outsource and strategic suppliers have compliant third-party risk management via proactive engagement with the BRMs.
* Ensure that all sub outsourcing is understood and appropriate due diligence is performed.
* Ensure that while applying TPRM best practices, opportunities to optimize contracts and improve outcomes are captured and advised to the Senior Sourcing and Supplier Manager.
* Deliver regular clinics and communications to BRMs to aid and improve compliance with the TPRM framework.
* Provide support to the BRMs in their execution of TPRM and be the primary point of contact with the P&P team for all TPRM queries.
* Support the development and maintenance of a third-party risk management framework which considers all phases of the third-party life cycle.
* Support the development and maintenance of appropriate tools and templates to enable the execution of third-party risk management.
* Review TPRM assurance reporting to ensure commentary clearly describes gaps and agree remediation activity with BRMs to achieve a materially compliant status on TPRM.
* Perform detailed quality assurance tests on individual TPRM activities, records, and artifacts to ensure accurate and high-quality execution of activities.
* Manage the preparation of TPRM assurance content, actions, and commentary for cost optimization meetings to drive improvements.
* Manage business-led procurement activity on sourcing report and update all records ensuring that TPRM records are up to date.
Experience, Knowledge, Skills
* Third-party risk management experience in Financial Services.
* Experience in supporting the delivery of sourcing activity.
* Working knowledge of contractual and commercial terms.
* Experience in working in a fast-paced environment.
* Third-party risk management best practice ideally in Financial Services.
* End to end policy and process development.
* Working knowledge of financial services regulation requirements.
* Communication, presentation, and influencing skills including to Senior Management.
* Excellent interpersonal and stakeholder management skills with the ability to build relationships and influence colleagues at all levels.
Qualifications
* Degree certification preferred.
Why Join Us
At KMC our employees are the heart of our success. We strive to create workplaces that promote professional development and work-life balance.
Our inclusive culture values diversity in all its forms, ensuring everyone feels respected and valued.
As an equal opportunity employer, we embrace differences in gender, race, identity, ethnic origin, and sexual expression.
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