Job Details: Procurement and Third Party Management Lead - Programme - FTC for 12 months
Full details of the job.
Vacancy Name: Procurement and Third Party Management Lead - Programme - FTC for 12 months
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 but, 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 rebuild their lives.
The purpose of the Procurement and Third Party Management Lead (Programme) 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 and support assigned business areas (Change and Programme) in managing their third parties – particularly their critical and high-risk third parties – in line with the TPRM framework.
* 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.
* Support the development and delivery of 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.
* 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.
* Work with Finance business partners to produce accurate budgets, forecasts, and supplier spend analysis, as required.
* Identify and implement process and system enhancements as required, to drive procurement maturity and ongoing continuous improvement.
Qualifications and Education:
Skills and Knowledge:
* Significant Procurement and third-party management experience in a fast-paced, change-oriented organisation.
* Extensive experience of leading procurement and third-party management activity in large-scale, complex strategic change programmes.
* Procurement and third-party management experience 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.
* Highly credible and collaborative team member, comfortable to challenge, and with excellent influencing skills.
* Excellent presentation and communication skills, both written and verbal.
* 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.
Salary: £70,000.00 per annum
FTC for 12 months
Grade 13
35 hours per week (Monday - Friday)
IT kit supplied to you
£320 (before tax) start-up allowance
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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