Job Description
* Responsible for overseeing the strategic and operational aspects of managing third-party vendor relationships, ensuring all onboarding processes are compliant with regulatory requirements set forth by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
* Ensure CAB 3rd party goods and services are sourced with the appropriate levels of control and transparency to continuously improve CAB’s end to end supply chain relationships and overall performance.
* Ensuring control of CAB’s vendor governance requirements including the management of Vendor related artifacts.
* Ensure all applicable laws, regulations and internal controls and procedures are met across CAB’s 3rd party (including applicable 3rd party sub-contractors) supply chain.
* Provide Procurement expertise to CAB, incumbent and potential vendors on matters related to sourcing and vendor governance at CAB.
Role Responsibilities:
* Maintaining and enhancing a proportionate, efficient and standardised approach to incumbent and new vendor engagement and due diligence in line with wider CAB policies.
* Responsible for supporting CAB stakeholders in adhering to Procurement policies, processes and understanding their vendor management responsibilities.
* Responsible for supporting the procurement of 3rd party goods and services in accordance with the Sustainable Procurement Policy, Outsourcing & Third Party Risk Management and other relevant CAB policies.
* Coordinate and accurately capture the requirements to guide internal stakeholders on the best route to market for 3rd party products and services.
* Provide support to the Procurement Vendor Relationship Manager or applicable Service Owners with a thorough handover, ensuring all vendor governance related criteria and artifacts are understood and ongoing vendor governance management is in place.
* Develop, deliver, and maintain Procurement’s vendor governance systems, ways of working, materials, and training sessions to reflect changes in regulatory and CAB business requirements.
* Drive continuous improvement of Procurement governance policy and processes based on stakeholder feedback and business need.
* Responsible for managing the Source to Contract (S2C) process for each allocated requirement/ project.
* Monitor and manage vendor governance checks, document management and administration.
* Fulfil functional risk coordinator role.
* Identify and collaborate across teams to ensure all relevant personnel are informed.
Qualifications
Educated to Degree level or equivalent
Experience:
* Extensive experience in procurement vendor governance. Can demonstrate a track record of reducing risks and driving efficiency in a high growth environment.
* Proven experience in a similar role within a PRA and FCA regulated financial services environment, ideally in banking, fintech, payments or FX
* Deep understanding of regulatory frameworks, risk management, and governance related to third-party vendors.
Additional Information
* Hybrid working
* Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
* Life Assurance – 4 times annual salary
* Group Income Protection
* Private Medical Insurance – this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology
* Discretionary Bonus
* Competitive Annual Leave
* 2 Volunteering Days
* Benefit Hub