Procurement Manager

Procurement Manager

My financial services client based in Surrey are recruiting for a Procurement Manager to ensure the engagement with third party suppliers is managed in line with best practices and, where appropriate, in line with regulatory expectations.

As a Procurement Manager you will receive the following benefits:

• 22 days holiday + 8 Bank Holiday (Holidays increase to 27, 1 additional day per year worked)
• Healthy contributed pension
• Access to a number of financial based products
• Dress down Fridays

Procurement Manager Responsibilities:

• Manage the day-to-day operations of the end to end procurement process to ensure that the business delivers a consistent, structured and thorough approach to outsourcing arrangements and third-party engagements including pre-contractual materiality assessments, vendor due diligence and risk assessments.
• Manage the relationship with Hellios, chosen partner who, through collaboration with other Financial Institutions, provides access to key supplier data via a Supplier Information Management System that will assist in the risk management of third-party engagements.
• With Legal, ensure all contract templates are reviewed and updated as necessary to ensure they are regulatory compliant and then annually reviewed to ensure ongoing compliance.
• Maintain the outsourcing register with clear reference to Cloud Service Providers, Managed Service Providers and Third Parties to a level of detail that meets the regulator's expectations.
• Review the legacy outsourcing arrangements of critical or important operational functions (i.e. material outsourcing arrangements) and ensure regulatory compliance.
• Ensure that all material outsourcing and third-party arrangements meet the business requirements including all aspects of:

1. a) Data security
2. b) Access, audit and information rights
3. c) Sub-outsourcing
4. d) Business continuity plans and
5. e) Exit strategies

• Establish appropriate governance and internal controls to identify, manage and report risks resulting from all arrangements with third parties.
• Report on the status of the third-party engagements using appropriate tools to demonstrate their controls around Information Security, Cyber, Business Continuity, Technology and compliance with the Data Protection Act and GDPR.
• Make recommendations on policies and procedures as needed to ensure the success and compliance of all procurement related activities.

Procurement Manager Essential Skills

• Experience of Supplier Relationship Management or Vendor Management.
• Fully competent in MS Office products with particular focus on Excel spreadsheets and the manipulation of data and MI production.
• Ability to listen, communicate (written and verbal), and follow-up effectively at all levels within the Society and with third party suppliers.
• Ability to work pro-actively and independently.
• Strong relationship management skills are essential.

Procurement Manager Desirable Skills

• Financial Services Background

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