Senior Procurement Analyst

Role Overview

• Contribute to the development and ongoing enhancement of the Third-Party Risk Management framework, supporting the application of standards, expectations and risk appetite for the business.
• Support senior leadership within the Third Party & Procurement function, contributing to strategic initiatives, prioritisation and effective stakeholder engagement across third-party and procurement activities.
• Support and inform risk-based decisions across the third-party lifecycle, including onboarding, contract renewal, material change and exit, ensuring decisions are escalated and approved at the appropriate levels.
• Conduct and support the review and challenge third-party risk assessments, due diligence, and ongoing monitoring ensuring risks are identified, clearly articulated, and appropriately mitigated in line with risk appetite.
• Work closely with subject matter experts across the business (e.g. Security, Risk, Legal, Finance Crime, Finance) to develop a comprehensive understanding of the overall risk profile and ongoing requirements of third parties.
• Identify, analyse and escalate third-party risk trends, incidents, control failures, and supplier performance trends, ensuring systemic issues are addressed and lessons learned are embedded into the TRPM framework.
• Apply and maintain the agreed approach for assessing supplier financial health and viability, reviewing indicators, triggers, and outcome.
• Support the delivery of TPRM training and guidance, for new colleagues and periodic refresher training and ensure internal internet content, guidance materials and supporting documentation are kept up to date.
• Support the development, testing, and ongoing assurance of exit strategies in line with operational resilience requirements.
• Contribute to the continuous improvement of third-party management and procurement processes, tools, and reporting.
• Support regulatory, audit and assurance activities relating to third-party risk management.

Requirements

• Proven experience in third-party risk management, operational risk or a closely related discipline.
• Demonstrable experience reviewing and overseeing third-party risks assessments, due diligence, and ongoing monitoring to inform risk-based decisions.
• Strong understanding of regulatory expectations and industry best practice relating to third-party risk management, within a financial services environment.
• Strong working knowledge of third-party risk management systems and related platforms.
• Clear, credible and confident communicator. able to influence senior stakeholders and provide effective challenge.
• Strong analytical skills with the ability to assess complex risks and synthesize input from multiple SMEs.
• Collaborative and pragmatic, with a proven ability to build trusted relationships across the business and balance risk, regulatory and commercial considerations.
• Well-organised, resilient and able to manage multiple priorities and competing demands.

Benefits

• Full onboarding support and continued development opportunities
• Options for flexible working
• Regular social activities
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance
• Family friendly policies including enhanced Maternity & Paternity leave