Junior Procurement Analyst (Entry level)

at  Rothschild Co

About Us
Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the world’s financial markets.
Our expertise, intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities and planet.
We have 4,200 talented specialists on the ground in over 40 countries around the world, enabling us to deliver a unique global perspective across four market-leading business divisions – Global Advisory, Wealth Management, Asset Management and Five Arrows.
As a family-controlled business built on relationships, we place a huge emphasis on our people and finding the right colleagues to take our business forward.
Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We are focused on the attraction and recruitment, development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.
Title: Third-Party Risk Management (TPRM) Analyst – DORA
Division: Procurement
Employment: 12 months FTC
Location: City of London
Reports to: Third Party Risk & Procurement Manager
Rothschild & Co – Procurement Department
The Group Procurement function helps the business successfully buy goods and services, ensuring qualified suppliers are selected, value for money is secured, robust contracts are agreed, and any risks are understood and mitigated.
We ensure adherence to evolving regulatory guidance and reflect the group’s desire to manage third parties in a consistent manner. The team works alongside Third-Party Relationship Sponsors (principle business owners) to select, onboard, manage and offboard third parties.
Role Overview
Rothschild & Co is seeking a dedicated and detail-oriented Third-Party Risk Management (TPRM) Analyst to join our Global Procurement team. This person will work closely with business sponsors, internal subject matter experts and third parties. They will develop an understanding of the TPRM process, and the risks that third parties could pose to the Group. The successful candidate will contribute towards Rothschild & Co’s regulatory obligations regarding the use of information and communication technology (ICT) third parties. This role will have a particular focus on ensuring compliance with the EU’s Digital Operational Resilience Act (DORA) regulations.

Responsibilities

• Conduct thorough risk assessments of ICT third parties to ensure compliance with regulatory requirements.
• Perform a gap analysis between our existing third-party due diligence practices and DORA requirements for all in-scope ICT vendors.
• Follow the existing TPRM framework and related policies, while recommending improvements.
• Monitor and review third-party compliance on an ongoing basis. Identify any risks or non-compliance that could potentially impact the firm
• Implement contract remediation plans where applicable.
• Collaborate with internal subject matter experts, including IT, Legal, and Compliance, to address third-party risks.
• Assist with the preparation and presentation of reports on third-party risk assessments and compliance status to senior management.

Experience
Having a positive attitude, growth mindset, resourcefulness, and resilience are essential for the role. An analytical approach and a willingness to engage and influence many different vendors, including by phone, will be crucial to success.
Ideally, applicants will have an awareness of TPRM and the role risk management plays in an organisation. The successful applicant will be given full training in all processes involved, the opportunity to establish relationships with colleagues across the business, and the support they need to take ownership of their growth and development in the role and function.
If you can speak French to a business standard, and / or have experience with macros, it would be an advantage, but it’s not mandatory.
While we welcome applications from candidates with experience in TPRM, Procurement, Vendor Management, IT, or related fields, if you possess the personal qualities mentioned above, we encourage you to apply.
Certified role status: N

• Conduct thorough risk assessments of ICT third parties to ensure compliance with regulatory requirements.
• Perform a gap analysis between our existing third-party due diligence practices and DORA requirements for all in-scope ICT vendors.
• Follow the existing TPRM framework and related policies, while recommending improvements.
• Monitor and review third-party compliance on an ongoing basis. Identify any risks or non-compliance that could potentially impact the firm
• Implement contract remediation plans where applicable.
• Collaborate with internal subject matter experts, including IT, Legal, and Compliance, to address third-party risks.
• Assist with the preparation and presentation of reports on third-party risk assessments and compliance status to senior management