Third Party and Procurement Manager

Allica Bank Ltd

Job Overview

Location

London Office

Job Type

Full-time

Full Job Description

📋 Description

• Manage the full third-party lifecycle including onboarding, contract renewal, material change, and exit, ensuring alignment with Allica’s Third-Party Risk Management (TPRM) framework and risk appetite.
• Review and challenge third-party risk assessments, due diligence documentation, and ongoing monitoring activities to ensure risks are accurately identified, clearly articulated, and appropriately mitigated.
• Support senior leadership in the Procurement & Third-Party Management function by contributing to strategic initiatives, prioritisation, and stakeholder engagement across third-party and procurement activities.
• Collaborate with subject matter experts across Security, Risk, Legal, Finance Crime, and Finance to develop a comprehensive understanding of third-party risk profiles and operational requirements.
• Identify, analyse, and escalate third-party risk trends, control failures, supplier performance issues, and systemic incidents, ensuring lessons learned are embedded into the TPRM framework.
• Apply and maintain the agreed methodology for assessing supplier financial health and viability, including reviewing financial indicators, triggers, and outcomes.
• Support the development, testing, and assurance of exit strategies to meet operational resilience requirements and regulatory expectations.
• Contribute to the continuous improvement of TPRM processes, tools, documentation, and reporting mechanisms to enhance efficiency and compliance.
• Provide guidance and support for TPRM training initiatives, including onboarding for new colleagues and periodic refresher training, ensuring internal guidance materials are current and accessible.
• Assist in regulatory, audit, and assurance activities related to third-party risk management, ensuring accurate documentation and compliance with financial services standards.
• Work closely with business owners to enable risk-based decision-making across the supplier lifecycle while balancing regulatory, commercial, and operational considerations.
• Maintain up-to-date knowledge of regulatory expectations and industry best practices for third-party risk management within the financial services sector.
• Utilise third-party risk management systems and platforms to track, report, and manage supplier risks effectively across the organisation.
• Act as a trusted partner across departments, influencing senior stakeholders and providing clear, credible challenge to ensure governance and control standards are upheld.
• Ensure transparency and consistency in decision-making across all third-party engagements, aligning activities with Allica’s core values and operational resilience objectives.

🎯 Requirements

• Proven experience in third-party risk management, operational risk, or a closely related discipline.
• Demonstrable experience reviewing and overseeing third-party risk assessments, due diligence, and ongoing monitoring to inform risk-based decisions.
• Strong understanding of regulatory expectations and industry best practice relating to third-party risk management within a financial services environment.
• Strong working knowledge of third-party risk management systems and related platforms.
• Clear, credible, and confident communicator able to influence senior stakeholders and provide effective challenge.
• Strong analytical skills with the ability to assess complex risks and synthesise input from multiple subject matter experts.

🏖️ Benefits

• Full onboarding support and continued development opportunities
• Options for flexible working
• Pension contributions
• Discretionary bonus scheme
• Private health cover
• Life assurance

Skills & Technologies

Hybrid

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Allica Bank Ltd

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About Allica Bank Ltd

Allica Bank is a modern digital bank built for established UK businesses with 5-250 employees. They offer business bank accounts with competitive rates, cashback, and no monthly fees for qualifying customers, alongside savings, commercial mortgages, asset finance, and growth finance solutions. Allica emphasizes a return to 'relationship banking,' providing customers with a dedicated relationship manager and UK-based support, a stark contrast to the often impersonal experience with larger banks. Their customer stories highlight successful business growth and streamlined banking processes, underscoring their commitment to serving the vital SME sector.

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