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Join to apply for theThird Party Risk Senior Managerrole atEnstar Group 3 weeks ago Be among the first 25 applicants Join to apply for theThird Party Risk Senior Managerrole atEnstar Group Get AI-powered advice on this job and more exclusive features. A member of the Procurement leadership team, you will head the Third-Party Risk Management (TPRM) strategy with regards to Procurement activity within the Group. This will include ownership and management of the Third-Party Risk Management Framework – development and deployment of tools, techniques, reporting, and processes to support the team and wider business. Responsible for the management of supplier risk oversight activities in alignment with the Procurement’s policies and procedures – taking accountability and oversight of compliance, training, and education. You will be a subject matter expert on third party risk topics and delivery in supporting the business across a senior colleague network. What you will be doing: Ownership and ongoing maintenance of TPRM strategy. To ensure our end-to-end processes deliver an effective TPRM proposition to Enstar Works closely with and delegates effectively to the Supplier Risk Manager in creating a program of work and prioritisation to support both Procurement and business needs Overall leadership of risk management activities throughout the procurement lifecycle and provides oversight of risk appetite management in Sourcing activities (to include contractual, financial and reputational risk oversight). Working with Compliance, lead the approach to adopt applicable regulation (global) and how this deploys across our policies, processes, MI and reporting under the TPRM umbrella. Ownership of applicable regulatory reporting requirements (with support from the wider team) Leads Procurement’s Compliance stakeholder engagement (e.g. Compliance monthly meeting / Horizon Scanning). This includes driving the Critical Vendor Oversight program (or alternative reporting) and onward improvement of this process. Leads the development of internal practices, ensuring alignment with business needs through collaboration with Group Risk, Information Security, IT, Compliance, and Legal. Drives effective supplier risk performance. Development and implementation of the team approach to supply chain and fourth-party risk profiling Support the maturing of the risk management, systems, and tooling to enable data-driven insights and oversight of Procurement and third-party risks, recommending best practice to improve processes Owns the risk oversight and inputs to supplier onboarding and team due-diligence processes Is an SME on supplier risk matters and deliver supplier risk education to the Service Owners specific to their day-to-day supplier risk management activities Lead the annual review and monitoring of the Vendor Code of Conduct. Provides input to the maintenance of other Procurement policies, Controls, Risk Metrics and KPIs. To lead the facilitation of the Outsourcing and Material Supplier Approval governance process. To include preparation of materials (taking input from the sourcing team) including periodic update of OMSA dashboard. Support to weekly, monthly and quarterly Procurement reporting What you will bring: An experienced supplier risk management practitioner, with an outstanding track record of delivering procurement risk management in Financial Services Ability to work independently with guidance in only the most complex situations Ability to apply functional knowledge and existing methodologies to complex situations and guide others in resolving complex problems Ability to impact the achievement of operational or project objectives Outstanding communicator with a strong Exec/senior level business partnering skillset Can lead and influence cross-functional collaborative working methods Has a delivery mindset, shows an ability to lead projects and/or a portfolio of work between themselves and the direct report Ability to manage multiple complex projects simultaneously Strong operational and change management skill set. Must have the ability to influence leadership but also work through operational tasks and ‘get stuck in’. Must be able to manage multiple workloads, conflict, and complexity under pressure - possessing the ability to translate complex issues into a simple, straightforward manner. Experienced in building and leading supplier risk management frameworks in Financial Services organisations Serves as an expert within own discipline Uses analytical thought to exercise judgement and identify innovative solutions Has the ability to present and communicate ideas to different stakeholder groups Comprehensive understanding of the end-to-end procurement process Contract law expertise Strong technical skillset, particularly in the Microsoft Office suite Experienced in project and change management Educated to a degree standard or equivalent work experience Extensive (minimum of 10+ years) experience in senior Procurement roles with a demonstrable track record of leading risk management frameworks Deep experience with cross-functional collaborative working methods Experience in managing a small team A clear communicator and collaborator who works effectively with colleagues, key stakeholders, and suppliers Pension (Enrolment is automatic on joining with a 10% employer contribution) Dental Insurance (This is an optional taxable benefit available to employee, spouse, and dependents) Medical Insurance (This is an optional taxable benefit available to employee, spouse, and dependents through a private health network) Travel Insurance (As an employee you are automatically enrolled with business and leisure travel insurance with single, couple, family, or single parent family coverage options.) Eligible company funded annual 360 Health Assessment. Voucher for free annual eye examination. Option to loan a bicycle and safety equipment tax free. Wellness Reimbursement program (up to 700 pounds annual reimbursement for wellness related expenses, i.e, gym memberships, massage, etc.). Tusker – Electric Vehicle (A fixed monthly amount is taken directly from your gross salary and, in return, you get the use of a brand new electric car.). Optional Critical Illness coverage Automatic coverage provided by income protection programme Access to Employee Assistance Programs (EAP) for health and wellbeing Who we are: Enstar Group Limited (“Enstar” or “EGL”) is a leading global insurance group and the world’s largest standalone consolidator of legacy reinsurance business. Through our network of group companies, we help others – principally other insurance companies – release capital by taking over liability portfolios which no longer make strategic sense for them to hold. We create value by better managing these legacy insurance portfolios and strive to generate attractive risk-adjusted returns from our investment portfolio. Enstar’s innovative re/insurance solutions help our partners to reduce risk, release capital, dispose of non-core businesses and portfolios, achieve finality and manage claims volatility. In return, Enstar drives earnings through savings arising from our technical excellence and from investment earnings on the reserves we hold. With around 800 global employees, our network of group companies is positioned across the world’s major insurance hubs and has significant presence in Bermuda, where our headquarters are located, the United States, the United Kingdom, continental Europe, and Australia. Enstar’s balance sheet strength is supported through flagship carrier, Cavello Bay, who benefits from strong financial strength ratings of “A” by Standard and Poor’s and “A” Excellent with stable outlook by AM Best. Enstar held Shareholder’s Equity of $6.1 billion as of 31 December 2024. For further information about us, visit . Our Values: ENTREPRENEURIAL NIMBLE SOLUTIONS FOCUSED TEAMWORK AWARE RELEVANT Equal Opportunities at Enstar: Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process. Seniority levelSeniority level Mid-Senior level Employment typeEmployment type Full-time Job functionJob function Supply Chain Industries Insurance Referrals increase your chances of interviewing at Enstar Group by 2x Get notified about new Risk Manager jobs inLondon Area, United Kingdom . 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