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    Vendor Risk Manager - Bristol, United Kingdom - DiverseJobsMatter

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    Description

    JOB DESCRIPTION

    ABOUT THE ROLE

    Reporting to the Procurement Manager, this is a stand-alone position that will be responsible for developing vendor risk management processes and frameworks to support stakeholders who work with suppliers.

    Critical to this role is gaining a good understanding of our material and critical suppliers that support our business.

    Key Responsibilities:

    • Provide independent oversight and challenge during the supplier due diligence during supplier onboarding process.
    • Leading on the in-life monitoring of suppliers for potential risk.
    • Proactively informing Supplier Owners, Procurement Business Partners, Business Risk, IT Security, Legal, Technology and other teams.
    • Advising on potential vendor risk management strategies to minimise impact.
    • Develop and evolve Vendor Risk Management framework and contribute to other procurement aspects e.g. Vendor management framework.
    • Leading on company policy development specifically in areas of vendor risk management.
    • Deliver high quality risk reports, with guidance and recommendations, to enable senior business owners to make the most appropriate risk decisions
    • Reviewing current tools and technology and assessing investment opportunities to support vendor risk management practices.
    • Close collaboration with Innovation team to create a risk adjusted approach to innovation to balance risk and speed appropriately.
    • Close collaboration with Procurement team members to support minimising/mitigating supplier and contractual risk.
    • Possible procurement activities from time to time.

    ABOUT YOU

    • Self-starter, with the ability to work independently with minimal guidance.
    • Excellent stakeholder engagement skills.
    • Strong communication skills.
    • Enjoys working within a matrix management environment.
    • Relevant industry qualification or working towards this e.g. CTPRA, CIPS, other.
    • Passionate about subject area and keen to take a lead in this area.

    Minimum Criteria:

    • Knowledge of typical supplier due diligence processes.
    • Good understanding of Third-Party Risk Management practices and strategies.
    • Experience in using a TPRM tool or supplier subscriptions to support vendor risk management (e.g. D&B, Experian, EcoVadis, OneTrust etc.).

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