Business Unit / Team: Chief Operating Office
Salary range: £39,200 - £55,800 per annum DOE + red-hot benefits
Contract Type: Permanent
Get out of your comfort zone. Live a life more Virgin.
Our Team
The Procurement team are responsible for all Procurement as well as Third Party Management. Virgin Money’s strategy of becoming a digital first bank is predicated on third parties who can bring their expertise and innovation into the Bank. The Procurement team ensure that in the Bank engages with our chosen third parties under the right commercial terms to deliver innovation, growth as well as cost.
You will play a key role in ensuring compliance with the Bank’s policies failure to deliver against these policies, could place the Bank at risk of failing to meet the regulatory standards which could lead to the Bank being fined and or find our reputation damaged. You will ensure the Bank is complying with regulations, ensuring third parties are segmented according and risks identified.
What you’ll be doing
• Ensure procurement policies and processes are aligned to our organisational strategy and values enabling the business to grow through the contracting with third parties
• Encourage and support third party management compliance across the bank, providing guidance and knowledge transfer to Supplier Relationship Manager (SRM) community and internal SME’s. (Subject Matter Experts)
• Support Supplier Relationship Managers and business areas with Third Party Management across the bank, providing guidance, challenge and reviewing inputs. Provide input into reporting on third party assessments, including trend analysis’s and key insights
• Develop, support the management of and continually look to improve the Third Paty Management processes
• Check for regulatory changes or notifications and provide overview and potential impact of any relevant Outsourcing and Third-Party regulatory activity to key stakeholders
• Support the Assurance activities in relation to Third Party Risk Management
• Ensure processes and procedures within Supplier Management comply with regulations.
• Support the delivery of training on risk and assurance activities for our team, SRMs and stakeholders
• Work collaboratively with the Third Party Management Teams to support the development of future policies and frameworks to ensure third party management remains compliant and follows best practice
We need you to have
• Strong analytical and problem-solving skills
• Ability to cope with multiple priorities in a changing environment
• Knowledge of Risk Processes
• Superb communication and rapport building skills to engage and motivate staff and customers
• Confident in presenting to large groups on topics relating to Third Party Management
• Highly articulate with exceptional communications and inter-personal skills
• Working in a regulated environment and / or suppliers
It’s a bonus if you have but not essential
• Knowledge of relevant Microsoft software, including Project, Visio; Excel; PowerPoint, SharePoint and Word
• Knowledge of SS2/21
• An understanding of the regulatory environment, especially in relation to Third Party Risk Management
Red Hot Rewards
• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more
• Up to five extra paid well-being days per year
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market-leading pension
• Free private medical cover, income protection and life assurance
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money’, underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.