Vendor Risk Manager

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.).