The TP&O function plays a critical role in enhancing efficiency, reducing costs, mitigating risks, and driving value across the entire organization. This is achieved by looking for cost savings through negotiating favourable terms and optimising processes to eliminate inefficiencies and reduce cycle times.
The TP&O function actively manages relationships with suppliers ensuring risks are assessed, mitigated and managed in accordance with relevant laws, regulations, and internal policies. TP&O champions data-driven decision-making by driving strategic initiatives that add value to PIC.
Roles within TP&O are designated relationship owners partnering with the various teams and functions at PIC to deliver a robust third-party and supplier lifecycle from due diligence to selection to onboarding to renewal or exit processes.
Our Company values are expected to be reflected in the delivery and performance of every role.
Key Responsibilities: Risk Management: The role is responsible for developing and leading the organisation's third-party risk management program to include overseeing the identification, assessment, mitigation, and monitoring of risks associated with third-party relationships. Compliance & Governance: The role requires the ability to effectively collaborate with the business and suppliers to ensure purchasing activities comply with relevant laws, regulations, and internal compliance policies. Supplier Management: The role is responsible for leading the relationship with the organisation's suppliers ensuring consistent quality, management of supplier performance against SLAs, and overseeing the negotiation of favourable terms. Streamlined Processes: The role requires the ability to standardize, streamline, and optimize processes for sourcing, purchasing, and supplier management, therefore eliminating inefficiencies, reducing cycle times, and improving overall operational effectiveness. Specific Accountabilities: Lead and manage the Third-Party Risk Team ensuring Third Party Risk activities are appropriately resourced with the correct knowledge and skillset to deliver the relevant and agreed outcomes for the function. Develop a regular cadence of communication, both in written and verbal format, on TPRM activities, risk levels, and incidents by developing regular reports to the relevant Committees and the Board. Positively influence and support the effective servicing of the supplier performance using key performance indicators (KPIs) and service level agreements (SLAs), benchmarking supplier performance against industry standards. Manage identified risks associated with the supply chain to resolution and adapt contingency plans and risk mitigation strategies accordingly. Accountable for managing risk mitigation strategies and controls, ensuring they align to the wider TP&O strategy. Deal confidently with PIC's 3rd parties to manage regular performance reviews and assessments with suppliers to monitor and track performance. Keep informed of industry trends, market developments, regulatory changes, and best practices related to procurement and sourcing. Knowledge: Expert technical knowledge of procurement processes, sourcing strategies, and supplier management. Expert knowledge of third-party selection and due diligence processes. Expert knowledge of the relationship cycle, including post-contract, renewal, and exit processes. Established knowledge of legal and regulatory requirements related to procurement and sourcing. Strong technical knowledge of Third-Party risk management frameworks. Experience: Recognised qualification or strong employment record in supply chain management, business administration, or a related field. Proven track record of driving cost savings and supplier performance improvements. Proficiency in using procurement and sourcing software/tools. Experience managing third-party risk due diligence assessments. Experience delivering risk assessment and onboarding process for new and existing third-party relationships. Experience facilitating supplier development programs. Benefits: 28 days' annual leave plus bank holidays. Pension. Insurance for Travel, Private Medical, Critical Illness, Life Assurance, and Income Protection. Save As You Earn (SAYE). Bonus. Flexible Working. Dress for your Day. Cycle to Work. Fruit and snacks. Company events. And more.
#J-18808-Ljbffr