About The Role
Team Sourcing - Group Operations
Working Pattern - Hybrid 2days per week in the Vitality Bournemouth Office.Full time, 35 hours per week.
Please note this is a 12 month secondment opportunity.
We are happy to discuss flexible working!
Top 3 skills needed for this role: Analytical & Detail-Oriented Approach
Problem-Solving Mindset
Proficiency in Risk Tools & Systems
What this role is all about:
Join our dynamic Sourcing team as a Third Party Risk Analyst and play a pivotal role in safeguarding Vitalitys operations and reputation. Youll be at the forefront of implementing our Third Party Risk Management Framework, identifying, evaluating, and mitigating risks from external suppliers to ensure seamless compliance and resilience.
Key Actions Be responsible for conducting thorough due diligence on third parties before onboarding, ensuring they meet the Vitalitys standards related to security, compliance, financial stability, and Sanction Screening. This may also involve reviewing the third-partys policies, procedures, audits, and other relevant documentation.
Effectively identify risks associated with the onboarding of new third parties and a portfolio of risk categorised suppliers via the Third-Party Risk Management process, managing review cycles, issuing and tracking of risk questionnaires, review and evaluation of responses, and compliance, to mitigate Vitality against any potential risk.
Be responsible for populating and maintaining the Vitality Third Party Risk Management Database, contained within OneTrust, covering all third parties that Vitality engages with.
Support the wider Sourcing Team throughout the Sourcing Lifecycle and provide flexible resource
Once risks are identified and assessed, develops strategies and plans to mitigate these risks by implementing controls, suggesting modifications to third-party relationships, or proposing alternative solutions.
An essential aspect of the role involves ongoing monitoring of third-party relationships to ensure risks are managed effectively. Maintain detailed reports outlining the status of third-party risks for senior management and relevant stakeholders.
Utilisation of tools to support third-party risk activity, including a financial tracking system, and workflow system.
Be responsible for the system administration and testing of applications used during Sourcing/Third-Party Risk processes.
Act as a point of contact for any third-party queries and to support supplier audits where required.
What do you need to thrive? A highly organised individually, capable of effectively managing workload and prioritising demand in order to meet stakeholder expectations
Be adept at thinking logically and analytically, with the ability to effectively understand processes
Possess an excellent attention to detail
Possess a high degree of proficiency of Office 365 Suite
Understands the essential concepts of Operational & Third Party Risk Management
So, whats in it for you? Bonus Schemes A bonus that regularly rewards you for your performance
A pension of up to 12% We will match your contributions up to 6% of your salary
Our award-winning Vitality health insurance With its own set of rewards and benefits
Life Assurance Four times annual salary
These are just some of the many perks that we offer! To view the extensive range of benefits we offer, please visit our careers page. Fantastic Benefits. Exciting rewards. Great career opportunities!
If you are successfulin your application and join us at Vitality, this is our promise to you, w e will: Help you to be the healthiest youve ever been.
Create an environment that embraces you as you are and enables you to be your best self.
Give you flexibility on how, where and when you work.
Help you advance your career by playing you to your strengths.
Give you a voice to help our business grow and make Vitality a great place to be.
Give you the space to try, fail and learn.
Provide a healthy balance of challenge and support.
Recognise and reward you with a competitive salary and amazing benefits.
Be there for you when you need us.
Provide opportunities for you to be a force for good in society.
We commit to all these things because we want you to feel that you belong, and are supported to be happy and healthy.
About The Company
We're really excited to announce that we have recently been awarded "Top 10 Best Places To Work" in The Sunday Times Awards 2024!
Vitality is a multi-award-winning UK insurance brand, here to make the world a healthier, happier place.
Weve been a purpose and values-driven business from day 1- long before it became fashionable. Our core purpose is to make people healthier and enhance protect their lives. Vitality pioneered shared-value insurance. We incentivise people to live healthier longer lives they benefit, our business benefits, and society benefits. Were successful because we attract, develop, and retain the best people and because we care.
Plus, you get to join our 1.7+ million members with access to our unique health insurance and healthy living programme. Just to make sure you know our products inside and out.
Ready to find out if were the right fit for you? We cant wait.
If we are fortunate in receiving a high volume of quality applications we may need to close this vacancy early. If you are interested, please submit your application as soon as possible.
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