Third Party Contracts Relationship Manager
Third Party Contracts Relationship Manager
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Job Description
At M&G our purpose is to give everyone real confidence to put their money to work.As an international savings and investments business with roots stretching back more than 170 years we offer a range of financial products and services through Asset Management Life and Wealth. All three operating segments work together to deliver attractive financial outcomes for our clients and superior shareholder returns.
Through our behaviours of telling it like it is owning it now and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.
We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.
The Role: Third-Party Contracts Relationship Manager - Advice
The Third-Party Contracts Relationship Manager for Advice is responsible for overseeing the performance risk and commercial management of Third-Party suppliers within the M&G Advice function. This role ensures that supplier relationships are effectively governed compliant with regulatory standards and aligned with internal policies to deliver optimal value and mitigate risk. The role acts as a subject matter expert and champion for Third-Party risk management embedding best practices across the Advice business.
Key Responsibilities
Risk and Performance Management
- Manage a portfolio of third-party suppliers ensuring adherence to contractual obligations and service level agreements.
- Support Third Party Arrangement Managers with performance and risk reporting ensuring compliance with legal regulatory and internal control frameworks.
- Conduct regular supplier performance reviews identify issues and drive continuous improvement initiatives.
Commercial Management
- Monitor supplier spend against budget ensuring financial discipline and value delivery.
- Oversee the timely and accurate processing of supplier invoices.
- Identify opportunities for cost optimisation and contract efficiencies.
Record Keeping
- Maintain a comprehensive inventory and repository of all contracts and supporting documentation.
- Ensure documentation is up-to-date accessible and audit-ready.
Regulatory Compliance
- Monitor local regulatory and legislative changes affecting third-party risk management.
- Ensure compliance with M&Gs Third Party Risk Management policies and procedures.
Reporting & Management Information (MI)
- Prepare and deliver insightful reports and MI to governance committees and senior stakeholders.
- Highlight key risks performance trends and compliance issues.
Expert Practitioner
- Act as the Advice functions subject matter expert on third-party risk management.
- Promote awareness and understanding of third-party risk policies and procedures across the business.
- Provide training and guidance to internal stakeholders.
Key Knowledge Skills & Experience
- Proven experience in contract and supplier management including negotiation performance monitoring and renewal processes.
- Strong influencing and negotiation skills with the ability to engage stakeholders at all levels.
- Commercial acumen with experience in a large corporate environment balancing risk compliance and value delivery.
- Resilience and adaptability in a fast-paced dynamic environment.
- Excellent presentation and communication skills.
- Strong analytical and problem-solving capabilities.
- Self-starter with a proactive approach to identifying and resolving issues.
Work Level: Experienced Colleague
Recruiter: Amy Curtis
Location: Stirling
We have a diverse workforce and an inclusive culture at M&G plc underpinned by our policies and our employee-led networks who provide networking opportunities advice and support for the diverse communities our colleagues represent. Regardless of gender ethnicity age sexual orientation nationality disability or long term condition we are looking to attract promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
Ifyou need assistanceor an alternative means of applying for a role due to a disability or additional needpleaselet usknow by contacting us at:
Required Experience:
Manager
Employment Type
Full-Time
