JOB DESCRIPTION
ABOUT THE ROLE
Reporting to the Procurement Manager, this is a stand-alone position that will be responsible for developing vendor risk management processes and frameworks to support stakeholders who work with suppliers.
Critical to this role is gaining a good understanding of our material and critical suppliers that support our business.
Key Responsibilities:
* Provide independent oversight and challenge during the supplier due diligence during supplier onboarding process.
* Leading on the in-life monitoring of suppliers for potential risk.
* Proactively informing Supplier Owners, Procurement Business Partners, Business Risk, IT Security, Legal, Technology and other teams.
* Advising on potential vendor risk management strategies to minimise impact.
* Develop and evolve Vendor Risk Management framework and contribute to other procurement aspects e.g. Vendor management framework.
* Leading on company policy development specifically in areas of vendor risk management.
* Deliver high quality risk reports, with guidance and recommendations, to enable senior business owners to make the most appropriate risk decisions
* Reviewing current tools and technology and assessing investment opportunities to support vendor risk management practices.
* Close collaboration with Innovation team to create a risk adjusted approach to innovation to balance risk and speed appropriately.
* Close collaboration with Procurement team members to support minimising/mitigating supplier and contractual risk.
* Possible procurement activities from time to time.
ABOUT YOU
* Self-starter, with the ability to work independently with minimal guidance.
* Excellent stakeholder engagement skills.
* Strong communication skills.
* Enjoys working within a matrix management environment.
* Relevant industry qualification or working towards this e.g. CTPRA, CIPS, other.
* Passionate about subject area and keen to take a lead in this area.
Minimum Criteria:
* Knowledge of typical supplier due diligence processes.
* Good understanding of Third-Party Risk Management practices and strategies.
* Experience in using a TPRM tool or supplier subscriptions to support vendor risk management (e.g. D&B, Experian, EcoVadis, OneTrust etc.).