TPRM & Procurement Operations Manager

Role: TPRM & Procurement Operations Manager

Location: London

Contract Type: Permanent

Work Pattern: Full Time and Hybrid

While there is rarely a typical day, here’s a snapshot of some of the key parts of the job:

• Manage and maintain supplier governance requirements, ensuring governance materials are shared in a timely manner and include the required information;
• Responsible for supplier due diligence and onboarding protocols under MS AUL’s Third Party Risk Management (TPRM) Framework to ensure all third parties remain within risk appetite, providing crucial oversight of all new third party contracts and renewals;
• Monitor progress of all in-flight due diligence assessments and deal with business and / or Risk SME queries, acting as point of escalation for business stakeholders with suppliers;
• Manages the end-to-end supplier related audit process; ensures that appropriate audit controls are in place for supplier’s processes and invoices, in accordance with the process established in the MS AUL’s Policy & Procedures Manual;
• Produces timely and relevant reporting and management information across business-as-usual services, transitions and project related costs including expense management, spend analysis, pipeline management and general Third Party Risk Management (TPRM);
• Implement procurement policies and procedures that align with regulatory standards;
• Develop and implement procurement strategies that are aligned with the company’s objectives and utilise data analytics to make informed procurement and operational decisions;
• Provide insights and recommendations to senior management based on data-driven analysis;
• Provides procurement related training and educates stakeholders periodically to ensure they understand the procurement frameworks and deliverables;
• Liaise with the finance department to manage procurement budgets, track spending, and find opportunities to reduce cost;
• Designs and maintains financial management processes and tools (incl. related contractual templates);
• Establishes and maintains consistent methodologies for performing financial business reviews on effectiveness of the supplier relationship;
• Build relationships with business stakeholder, Risk, Compliance, Legal and Finance teams in particular to ensure the contracts are ope rationalised and managed in line with business needs;
• Monitor supplier costs by business area / function, and report on variances with expected forecast;
• Liaise with business stakeholders on their procurement needs and provide advisory support on sourcing and contracting solutions.

• Flourish in fast paced, dynamic environments where you can shape solutions and influence outcomes;
• Relish the ability to interact with senior Executives within and outside of the business and know what it takes to do so successfully;
• Know how to both hold suppliers to account and assist them pragmatically and imaginatively, for mutual success;
• Know how to work effectively with internal stakeholders and teams in the fulfilment of retained contract(s) obligations and dependencies;
• Enjoy translating regulatory or business requirements into pragmatic frameworks, processes and governance structures;
• Have a passion for personal and professional development for yourself, your team and your colleagues;
• Foster an environment of accountability, constructive challenge and continual improvement;
• Enjoy advocating, creating buy-in and engagement across a range of views and stakeholders;
• Have a strong eye for detail;
• Can convey complex messages, data and concepts simply, with focus on the core issues and recommendations;
• Enjoy translating strategic, business or market requirements into pragmatic frameworks, solutions and work plans.

For this particular role there are some important qualifications and experience we need you to have. These include:

• Experience operating in a procurement and supply chain environment;
• Demonstrable experience in managing supplier onboarding/offboarding, contract terms, financial control, planning and budgeting and managing the flow and gating of commercial documents and change;
• High levels of proficiency in Excel and…