Third Party Risk Analyst

Third Party Risk Analyst

Admiral manages in excess of 3000 suppliers, a new sub team is being formed within Group Procurement to understand the risks our suppliers present and to form the assurance and governance capability we need as an organisation to understand and manage the risks.

We are looking for a Risk Analyst to work closely with all Procurement professionals within the company and Contract Owners who have a shared responsibility to manage the supplier network effectively.

This is an exciting time to join Group Procurement, we have a significant project underway to review all elements of what we do and how we do it and Third Party Risk is an area of focus hence the new team being formed.

The team culture within Group Procurement is extremely supportive, we are a new team with a clear vision and a great future ahead of us.

If you have great inter-personal skills, are self-motivated with a desire to learn, are technically minded and have great problem solving skills and looking for a career path which in return can support development of your role and capabilities in an interesting profession then we would love to hear from you!

Main Duties

Your role will report to the Third Party Risk Manager within Group Procurement and will be to support all parts of the business in areas such as:

• Monitor and identify improvements to existing processes to enhance the service of the team.
• Provide accurate, timely and insightful reporting of data, information, and analysis to facilitate good decision-making, driving the Supply Chains performance and profitability.
• Build and generate presentation material for various related forums.
• Become the go-to support for the Contract Management System including the delivery of basic training for internal staff.
• Champion and run a forum with business contacts on maintaining data accuracy for the Contract Management System.
• Generate and produce analysis of spend data to support the Sourcing team with the identification of opportunities and risks in our current supply chain
• Provide support to internal customers on supply chain risk queries.
• Provide recommendations for minimum baseline controls to be implemented and ensure non-conformities are documented and that remediation plans are agreed with risk owners to agreed timelines
• Support, where required, Admiral Group entities with technology queries
• Act as a champion for Group Procurement information and maintain high standards of integrity and professionalism
• Support project initiatives on an ongoing basis
• Collating information to help create monthly review/update packs to share with the Group Procurement team and the wider stakeholder network.
• Supporting with updating Admiral’s contract management system (Atamis) by liaising with the product suppling entities
• Managing end to end MSD supplier onboarding activities (backfill Supply Chain Executive)

Key Skills, Qualifications and Experience

• Self-motivated with a desire to learn.
• Good business knowledge and understanding
• Drive to implement improvements and take ownership of issues as they arise
• Problem-solving skills with high attention to detail and comfortable analysing data
• Good interpersonal skills and effective communication to all levels (internal and external)
• Confident using Microsoft packages and willingness to learn new systems
• Ability to work to deadlines and be able to prioritise workload effectively
• Excellent time management and organisational skills

Salary, Benefits and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

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