Outsourcing And Third-Party Supplier Manager

Our client is an expert insurance advisory services company, offering a wide-ranging team of specialist experts who deliver everything a business needs and more, such as - Underwriting Management, Compliance, Actuarial, HR, IT, Finance, Risk Management and Company Secretarial - all under one roof, providing clients with a truly complete solution.

THE ROLE
My client is hiring  for an Outsourcing and Third-Party Supplier Manager who will manage and oversee the effective operation of the Outsourcing and Third-Party Management Framework, ensuring entities and clients remain compliant with regulatory requirements and aligned with industry best practice in relation to Outsourcing and Third-Party Supplier risk management. This is a newly created role reporting in to the Business Resilience Manager, a fantastic opportunity to develop knowledge and skills and in time, own this business area in full.

• Maintain and enhance the framework for the oversight of Suppliers, monitoring regulatory developments and industry good practice
• Manage and oversee the effective execution of the Supplier framework throughout the end-to-end third-party life-cycle for all arrangements including ongoing risk assessment, due diligence and monitoring requirements
• Liaise regularly with clients, suppliers and internal functions to ensure that Supplier due diligence and monitoring procedures are adhered to and that Supplier Registers are maintained.
• Completing annual “deep dive” reviews of existing arrangements
• Implement contract requirements for new contracts and existing contracts as they fall due for renewal
• Responsible for regulatory and Lloyd’s reporting on Supplier arrangements in line with supervisory time-frames and the completion of regulatory notifications
• Responsibility for liaising with internal control functions, including Audit and Risk
• Keep abreast of regulatory developments and industry good practice and provide up to date guidance to colleagues and clients, raising awareness by providing continued education and insights
• Responsible for designing and implementing efficient processes, and using technology to automate
• Prepare updates, reports and dashboards for Boards and Committees

ABOUT YOU

• Experience in Third Party Risk Management/ Vendor Management/ Procurement within a Financial Services Operational Risk Management environment
• An understanding of operational resilience industry standards and the testing, contingency planning and resiliency requirements that apply to Third-Parties would also be an advantage
• Awareness of the operational practices in the Lloyd’s market would also be advantageous
• Experience building effective relationships with internal stakeholders and clients
• Analytical and detail orientated

WHY APPLY

• £40,000-£45,000 salary
• The role will be working on a hybrid basis, with 2-3 days in the office
• 26 days annual leave + bank holidays
• 10% Pension Contribution
• x10 salary Life Assurance
• Private Medical Insurance
• Discretionary Bonus Scheme
• Season Ticket Loan
• Dental Cover
• Sports Club Membership
• Maternity and Paternity Pay
• Eye Tests

If this role fits your skills and experience, we would love to receive your application