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About the Role
This role designs, owns, and drives the adoption of the end-to-end third-party management framework. It ensures third-party risk is understood and controlled within appetite, and that the Bank meets its regulatory obligations for third-party arrangements. The role sets the standard, owns the tooling, and holds the data for the framework across the Bank.
Responsibilities
- Set the procurement and third-party management strategy, governance, and roadmap.
- Own policies, standards, and control requirements for third-party management.
- Define decision rights across supplier owners and first-line functions.
- Translate business growth, regulatory change, and new technology into an improvement roadmap.
- Create a consistent approach to demand, sourcing, benchmarking, negotiation, renewal, and savings validation.
- Lead or support significant contract negotiations and renewals.
- Ensure contractual positions reflect the nature and materiality of arrangements.
- Maintain a forward view of procurement activity, expiries, and renewals.
- Ensure the third-party register is accurate, current, and supported by consistent risk assessments.
- Own the framework's application to intragroup and affiliate arrangements.
- Set and oversee the cadence for due diligence refresh, service and risk review, and control attestation.
- Require and develop credible exit plans for third-party arrangements.
- Maintain a view of portfolio-level concentration and dependency risk.
- Ensure the Bank can respond quickly to regulatory and audit requests.
- Provide practical training, guidance, and advice on the third-party lifecycle.
- Define measures of completion, timeliness, and quality for third-party management.
- Follow through on overdue assessments, attestations, and remediation.
- Simplify the process and target capability-building based on recurring issues and feedback.
- Establish clear data ownership, definitions, and quality controls for third-party information.
- Own the third-party management platform and maintain a roadmap for automation.
- Provide executives and the Board with a concise view of material arrangements and risk exposure.
Requirements
- Senior third-party management, vendor management, or procurement leadership experience within a UK regulated financial services firm.
- Working knowledge of PRA SS2/21 and SYSC 8 Outsourcing.
- A track record of negotiating and contracting significant technology and outsourced service agreements.
- Experience designing or materially improving a supplier segmentation and materiality assessment approach.
- Evidence of driving adoption of a process across an organisation without direct authority.
- Experience leading a small team.
- A metric-driven approach, defining what will be measured before designing the process.
- Technical fluency and comfort with data tooling and workflow automation.
Skills
- Third-party management
- Vendor management
- Procurement
- Risk management
- Regulatory compliance
- Contract negotiation
- Data analysis
- Workflow automation
- Team leadership
Location
- UK
Work Type
- Flexible working
- Hybrid working
Experience Level
- Senior
Benefits
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
About the Company
- Allica is the UK’s fastest growing company and the fastest-growing financial technology (Fintech) firm ever.
- Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
- Established SMEs are the backbone of local communities, representing over a third of our economy.
- We are a regulated bank.
Equal Opportunity
- We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.