Third Party Vendor Manager

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Job description

One of the largest global asset management companies, responsible for over £700 billion of assets under management. A subsidiary of one of the worlds largest banks.

Job Description

• Conduct all business transactions in accordance with policies, procedures & guidelines, legal requirements, regulations and ethical standards
• Be Subject Matter Expert for enterprise-wide policies, processes, and tools; communicate requirements for establishing and managing external and affiliate third-party providers
• Drive consistent execution of the procurement policy and framework, and key deliverables
• Drive adoption of the procurement processes, provide guidance to stakeholders on third-party governance, oversight, and risk mitigation
• Communicate proactively with Head of Vendor Management and escalate risks and issues as appropriate
• Coordinate with internal and external stakeholders and SMEs as appropriate to (a) address third-party issues and (b) manage vendor regulatory and risk and control matters
• Provide guidance and assistance to internal stakeholders with preparing for and conducting oversight meetings with Third Party Vendors
• Review and approve Third Party risk assessments
• Coordinate business reviews for vendors on a regular basis to manage vendor performance
• Oversee timely resolution of third-party issues by Vendor Managers and; provide necessary guidance and support. Ensure risk acceptances and documented and approved in compliance with the policy
• Provide third-party risk reporting, including any necessary escalations, to the business risk committee and other business stakeholders
• Drive timely completion of remediation actions and risk & control efforts (e.g., Inventory Controls, contract reviews, Due Diligence reassessments, exit strategies)
• Manage and escalate significant issues, incidents or concerns
• Manage supplier relationships and undertake contract and commercial negotiations when required
• Identify process requirements issues and provide both internal and external issue resolution
• Serve as the direct point of contact for internal and external stakeholder's vendor queries
• Ensure Insight receives best value for money and associated cost saving and that no unnecessary costs are incurred
• Represent Vendor Management in stakeholder and business partner meetings, as needed
• Manage interaction with various cultures.

The Successful Applicant

• Degree/CIPS or equivalent qualification of education and work experience required
• Understanding of procurement, supplier relationship and Third-Party risk management processes and practices in financial sector preferred
• Demonstrable experience in managing large, complex vendor management projects across a range of categories (IT/Technology preferred)
• Degree/CIPS or equivalent qualification and work experience
• Strong supplier relationship management
• Excellent communication skills, able to influence stakeholders at a range of levels
• Strong understanding of regulation, risk and governance
• A wealth of category knowledge across multiple complex categories

What's on Offer

• Exciting opportunity to join a growing team
• Role where you can drive organisational change
• Strong exposure to a senior level
• Good development and progression opportunities
• Flexible working

Contact
Daniel Barnes

Quote job ref
JN-102175

Phone number

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