Head of Procurement and Third Party Risk Management at OneSavings Bank PLC

Wolverhampton, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

28 Jul, 26

Salary

150000.0

Posted On

29 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Procurement strategy, Third-party risk management, Financial services, Governance frameworks, Supplier lifecycle management, Regulatory compliance, Strategic leadership, Stakeholder management, Commercial acumen, Contract negotiation, Risk mitigation, Operational risk management, Change management, Process optimization, Board level reporting

Industry

Financial Services

Description

About the team At OSB Group, our third-party relationships are critical to how we operate, innovate and deliver for our customers. We’re looking for a Head of Procurement and Third-Party Risk Management to provide strategic leadership across procurement and TPRM, ensuring our frameworks are robust, compliant, and future-ready. The role carries clear ownership for driving the transformation of procurement and third‑party risk management across the Group, embedding a modern operating model, fit‑for‑purpose tooling and strong executive‑level oversight. This role reports directly into Group Chief Operating Officer and will lead a geographically distributed team and oversee the full third-party lifecycle – from sourcing and onboarding through to ongoing monitoring and exit, ensuring our approach is resilient, proportionate and aligned to business strategy, while enabling agility and innovation. You’ll operate within the Group’s SMCR framework, representing the function at senior governance forums and acting as a trusted partner to leaders across the business. This role can be based in Wolverhampton or Chatham and will involve some UK and international travel, including India. What you will be doing? The Head of Procurement and Third-Party Risk Management is a senior leadership role with first line accountability, responsible for setting and embedding the Group’s procurement and third-party risk strategy, strengthening governance, and ensuring we extract demonstrable commercial value from our supplier relationships while meeting regulatory expectations. Your responsibilities will include: Setting, owning and continually enhancing the Group’s Procurement and Third-Party Risk Management (including IntraGroup) strategy, policies, standards, operating model and governance framework across all functions and geographies Providing strategic leadership across the end-to-end supplier lifecycle, including onboarding, due diligence, ongoing monitoring, issue management and offboarding Leading major sourcing initiatives, high-value RFPs and category management, delivering strong commercial outcomes, spend optimisation and resilient supplier relationships Developing and maintaining robust third-party risk frameworks, including inherent risk classification, supplier scoring models and oversight of the Outsourcing and Critical Third-Party Register (including PRA submissions) Partnering closely with Legal, Risk and Relationship Owners on contract reviews, renegotiations, regulatory compliance and risk mitigation Supporting transformation and change programmes, including the Group’s move towards a more digital and technology-driven operating model through driving continuous improvement, process optimisation and technology adoption What's in it for you? Base salary c£150,000 dependent upon experience and location Enhanced family-focused benefits £7,500 car allowance Annual bonus opportunity up to 40% 30 days annual leave + bank holidays Please use this link to see the fantastic benefits available at OSB: OSB Careers About us At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace. Do you have the skills? We are looking for talented individuals who have the experience and knowledge set out below: Proven experience developing and embedding Procurement and TPRM / IntraGroup frameworks, including policy development, risk management and process optimisation within financial services Transformation ownership across Procurement and TPRM including tooling replacement/consolidation and Board level reporting Experience operating with delegated executive authority, representing functions at senior governance forums and managing complex stakeholder relationships across all levels Strong understanding of UK regulatory requirements for Outsourcing and Third-Party Risk Management, alongside solid knowledge of Procurement and Operational Risk Management frameworks Demonstrable commercial acumen, including cost modelling, supplier negotiations, contract reviews and end-to-end management of RFQ/RFP processes Proven ability to align functional strategy to wider business objectives, manage multiple priorities in a fast-paced environment and lead teams remotely Excellent communication, analytical and presentation skills, with a structured approach and strong attention to detail Next steps If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply. Still on the fence? Hear from our team or explore our process: OSB Careers Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you! Diversity, Equity & Inclusion Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally. We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.

How To Apply:

Incase you would like to apply to this job directly from the source, please click here

Responsibilities

The Head of Procurement and Third-Party Risk Management will lead the strategic development and execution of procurement and risk frameworks across the Group. They are responsible for managing the end-to-end supplier lifecycle, ensuring regulatory compliance, and driving commercial value through effective governance and stakeholder partnership.