Procurement Vendor Governance Manager
Procurement Vendor Governance Manager
Posted on :
07-06-2025
Employer Active
1 Vacancy
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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 CABs end to end supply chain relationships and overall performance.
- Ensuring control of CABs vendor governance requirements including the management of Vendor related artifacts.
- Ensure all applicable laws regulations and internal controls and procedures are met across CABs 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 Procurements 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
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
Key Skills
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