Job Details: Procurement and Third Party Management Lead (IT Specialist)
Full details of the job.
Vacancy Name: Procurement and Third Party Management Lead (IT Specialist)
Employment Type: Full-Time
Location: Milton Keynes
At MIB, our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers, and Government, our collective aim is to make it a thing of the past. Until that’s accomplished, we’re here to compensate victims quickly, fairly, and compassionately.
Last year we helped more than 42,000 people struck by uninsured and hit-and-run drivers and paid over £400 million in compensation to support victims rebuilding their lives.
The purpose of the Procurement and Third Party Management Lead (IT Specialist) role is to support the business in adopting and embedding the TPRM framework while delivering first-class procurement services to assigned business areas that meet the needs of the MIB. It supports assigned business areas in managing their third parties – particularly critical and high-risk third parties – in line with the TPRM framework and supports the wider business with complex, high-risk, and/or business-critical IT Procurement and third-party management activity, utilizing category expertise to achieve the best commercial outcome for MIB and/or client company.
* Support the implementation and ongoing operation of the TPRM framework at MIB, as a comprehensive approach to managing risk and driving value from our key third-party service providers.
* Support the development of a Procurement and Third Party Management policy framework, ensuring the documentation is reviewed and updated on an ongoing basis as required.
* Develop and deliver TPRM training materials, workshops, and training sessions across the business.
* Partner with Third Party Accountable Executives (TPAE) and Third Party Relationship Owners (TPRO) to define a collaborative approach to sourcing and ongoing third-party management for assigned business areas, ensuring roles and responsibilities are clearly documented and understood.
* Lead the delivery of end-to-end Procurement activity for assigned business areas, including sourcing approach, pre-qualification, tender, negotiation, preparation of contract, due diligence, onboarding, renewals, and offboarding.
* Work collaboratively with Legal to ensure contractual documentation is drafted to contain adequate and appropriate commercial structure, all required clauses to ensure legal and regulatory compliance, and third-party performance criteria to drive delivery aligned to business needs.
* Provide third-party management support to TPROs and TPAEs in assigned business areas in line with the TPRM framework. The level of support will vary according to the criticality of the third-party relationship.
* Conduct supplier introductory meetings and performance reviews, monitor supplier performance against key performance indicators (KPIs) and service level agreements (SLAs), identify areas for improvement, address performance issues, and agree on improvement actions.
* Contribute to the delivery of cost reductions, efficiencies, and value opportunities through the delivery of Procurement and third-party management activities.
* Build and maintain excellent relationships with internal stakeholders throughout the business, including those at a senior leadership level.
* Provide Procurement and Third Party Management SME inputs, strategic commercial advice, and challenge at a senior leadership level.
* Provide peer-to-peer guidance, challenge, and support to the central team in their delivery of Procurement services and Third Party management support to the business.
* Work with Finance business partners to produce accurate budgets, forecasts, and supplier spend analysis, as required.
* Develop and maintain an external network of Procurement and Third Party Management contacts to develop category expertise, drive market insight, leverage market commercial power, and bring technical and/or industry subject matter expertise back into MIB.
* Identify and implement process and system enhancements as required to drive procurement maturity and ongoing continuous improvement.
Qualifications and Education:
* Procurement and third-party management experience in a fast-paced organisation.
* Extensive Procurement and third-party management experience and expertise in complex IT services (SAAS), technology, and infrastructure category.
* Commercially astute, financially literate, and legally competent to negotiate and draft complex supplier contracts.
* Strong influencing and stakeholder management skills, with a proven ability to build constructive working relationships with suppliers, negotiating to deliver results, enforcing contractual obligations, and achieving cost savings and improvements.
* Highly credible and collaborative team member, comfortable to challenge, and with excellent influencing skills and the gravitas to establish trust and confidence of senior stakeholders (TPAEs and TPROs) at senior management level.
* Excellent presentation and communication skills, both written and verbal, with an ability to translate complex technical subject matter into clear, concise, and impactful information that drives the right decisions.
* Sector experience of insurance and/or financial services is highly desirable.
* Fully qualified CIPS professional, with a commitment to maintaining CPD and keeping up to date with developments within the profession and best practice.
We believe in a workplace where everyone can be themselves. Through our different ideas, personalities, and experiences, we redefine what is possible every day. Regardless of your colour, age, race, gender, sexual orientation, or anything else you consider yourself to be, there is a place for you at MIB. A place where you can bring your best self to work every day.
So, if you think big, love a challenge, and want to make a difference to people’s lives, we want to hear from you.
Salary: £70,000.00 per annum
Grade: 13
Hours: 35 hours per week (Monday - Friday)
IT Kit: Supplied to you
Start-up Allowance: £320 (before tax)
Hybrid Working: 2 days a week from our Milton Keynes office
Other Benefits include:
* Contributory Group Stakeholder Personal pension scheme
* Life Assurance
* 27 days holiday (plus public holidays)
* Holiday purchase scheme
* Sports and Social Club
* 24/7 Employee Assistance Programme
* Free access to online tools to support mental and physical health
* Enhanced maternity, paternity, and adoption leave
* 1 volunteer day each year and charity matched funding scheme
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