Legal & General
Job title:
Strategic Supplier Risk Manager
Company
Legal & General
Job description
Company Description
The world of investment is changing. Our vision at Legal & General Investment Management is to create a better, more sustainable future through responsible investing. We work in partnership with our clients around the globe to deliver positive long-term outcomes, while rising to the challenges of a rapidly changing world. Our clients include institutional pension funds, financial institutions, local authorities and sovereign wealth funds. To meet our clients’ complex and evolving investment needs, our investment strategies cover a broad array of asset classes and styles, including equities, bonds, property and alternatives, as well as multi-asset funds. We’re focused on continuously innovating our investment products, maintaining our reputation as experts across all asset classes, and striving to build a more responsible and sustainable future.
Job Description
Contract Type: Full time. Permanent.
Compensation: Competitive salary + bonus
Location: London (hybrid working – homebased/office)
Your role at a glance
Would you like the opportunity to take ownership and lead strategic supplier risk agenda in one of Europe’s largest asset managers and a major global investor?
If you are an expert in all things Third Party Risk Management (TPRM) in an asset management firm and have extensive experience of producing meaningful insights and supplier risk profile including reports and dashboards that shows Outsourcing Governance, Compliance and Oversight management, then this is fantastic opportunity to join the LGIM business as a Lead Strategic Supplier Risk Manager.
In this exciting role you’ll be responsible to provide critical and important third party risk intelligence from a number of data points across a portfolio strategic outsourcers and suppliers whilst ensuring TPRM oversight and governance is in place for a new relationship in accordance with Group Procurement & Supplier Management Policy and LGIM Global Outsourcing and Third Party Management Framework.
Working alongside LGIM 2nd Line Risk teams incl. Operations, Compliance, IT, Operational Resilience, and other business globally you will be responsible for maintaining LGIM TPRM agenda that has clear visibility across and up to Executive level. This role will require you to build professional relationships at various levels, as well as being key in identifying and reporting key strategic supplier risk metrics whilst ensuring regular due diligence activities are scheduled and completed on time.
This is fantastic opportunity for you to work closely with LGIM Supplier Relationship Management community to explore how to best evolve key insights into meaningful action. This role is full of opportunity for you to develop and progress, and you’ll be given the account ownership and autonomy needed to really make an impact.
What you’ll be doing
Deep Third Party Risk Management Experience incl:
- Production, design and upgrade of LGIM Outsourcing & Third Party Management Framework
- Identification and escalation of any third-party risk metrics that are showing concern
- Regular Strategic Supplier Risk Executive Briefs both internal and external
- Working with IT and Operational Resilience teams to complete, at least, annual due diligence outputs and metrics
- Work with other LGIM regions to ensure that a consistent level of TPRM oversight is being maintained
- Working with Global Head of Strategic Supplier Oversight to track ongoing TPRM risks and issues and ensuring appropriate escalations and mitigating actions are in place
- Actively seek ways to enhance TPRM data and analytics that reduce and mitigate risk
- Producing robust TPRM Supplier Management Committee papers
- Training Supplier Relationship Managers on TPRM best practices
- Enhance the TPRM control environment
Policy & Playbook Standards
- Ensuring the adherence and monitoring of all Group P&SM / Procurement / SRM Playbook TPRM activities is accurate and timely
- On-going analysis of SRM Playbook activities with a focus of providing further intelligence on oversight of key mandatory activities i.e. Group OESS Milestones
- Weekly and monthly reporting for LGIM SRM Forum; Supplier Management Committee; Executive Risk Committee; COO Committee; FCA Presentations
- Identification and escalation of any metrics that are showing overdue across policy and playbook standards
- Ensuring the Global Head of Strategic Supplier Oversight is kept informed of all types of Strategic Supplier Risks
Documentation
- Production of Supplier Oversight Reporting Suite
- Engage and collaborate with relevant functional areas to produce reporting and analysis of supplier management activities i.e., Cyber; Information Security; Operational Resilience.
- Timely production and distribution of Supplier Management Forum and Committee Reporting
Team Integration
- Forming and maintaining effective working relationships with LGIM SRMs and key stakeholders incl. 2nd line teams and Group Teams
- Collaborating and maintaining effective dialogue with LGIM SRMs in relation to reporting issues and escalating overdue activities
Client service
- Focus on suppliers with multiple client impact
- Building good working relationships
- Ability to provide high quality documents within tight deadlines
Qualifications
What we’re looking for
To be successful in this role you’ll need to be an expert in Third Party Risk Management, with the resilience, drive, and network, to successful manage internal and external stakeholders. As we continue to go through exciting transformation, you’ll need to enjoy working in a fast paced, ever-changing environment, being adaptable, forward thinking, and growth minded.
Here’s some of the experience that we’d love to see:
- Relevant experience working in Asset Management with a knowledge outsourcing and suppliers (preferred not essential)
- Relevant experience of TPRM, Supplier Governance, Compliance and Oversight analytics and metrics
- Good experience and expertise with relevant TPRM systems i.e. One Sum x; Coupa; Programme tools; Presentation systems like Prezzi; Trello, Powerpoint or similar solid understanding of the supplier management process and reporting complimented by strong visuals and presentation skills
- Experience using Power Apps, Automate and BI
- M Code, DAX, Python and SQL experience desirable.
- Ability to identify and provide solutions
- Competent in capturing requirements, building dashboards, testing, and managing systems
- Prepare and enhance formal meeting papers for Executive Committees
- Senior management stakeholder skills
- Train and present to stakeholders across the business
Additional Information
When you commit to Legal & General, we’ll commit to you too. That means we’ll recognise and reward your hard work, your performance and your contribution.
If you join us, you’ll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave.
You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings.
The brand with the brolly is choosing today to change tomorrow.
Since 1836, we’ve grown to become one of the world’s largest asset managers, homebuilders, pension providers and insurance brands.
We’re all here to improve the lives of our customers, build a better society for the long term, and create value for our shareholders – helping to shape a better future for society and the planet.
We need people who share our ambitions, agility and entrepreneurial spirit to help us do it.
At L&G, you’ll find a balance that helps you be your best. Empowered by hybrid working, we’re supported by technology and workplaces that enable us to work effectively wherever we are. We come together in offices to collaborate and connect, and use time at home for individual, focused activities. And, when we achieve great things, we celebrate our success and reward strong performance.
Today, there’s over 10,000 of us, working towards our mission, with plenty of opportunities to grow your career as we grow L&G. Will you join us?
Great minds don’t have to think alike, so we welcome voices from all backgrounds. Bringing together people with different life experiences helps us build empathy with our customers and drive innovation.
We don’t just talk about it, we actively promote diversity and equitable opportunities for all. That means our employment decisions are made without regard to race, colour, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability or protected veteran status. In fact, we embrace every dimension of diversity to reflect the customers and communities we serve.
We think it’s important to create an inclusive environment where we can all belong, contribute and drive progress, where you can develop and grow, and be empowered. We want you to use your voice to help us build a better tomorrow.
We all work differently, and have different needs, which is why. we’re always open to discussing flexible working arrangements. Likewise, we’re committed to finding reasonable accommodations for candidates with specific needs during our recruiting process.
So whoever you are, wherever you are, whatever your story, we’d love to hear from you.
Expected salary
Location
London
Job date
Sun, 18 Feb 2024 08:02:19 GMT
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