Senior Procurement Governance and Assurance Officer

at  Allianz UK

SALARY CIRCA £65,000 PA

This will be a hybrid role working ~2 days a week from our Guildford office
As our Senior Procurement Governance and Assurance Officer, you will design, set and assure adherence to our standards, controls and functional rules for Procurement and Third Party Risk activity. You will drive cross-functional teams to ensure activities are conducted smoothly, effectively and allow us to demonstrate compliance with Group and regulatory requirements relating to Outsourcing and TPRM. With the support of Procurement and Outsourcing Assurance Officers, you will ensure our key controls and requirements under our Sourcing, Outsourcing and Third Party Risk Management (TPRM) policies are defined and conducted correctly, assessed for quality and appropriately stored for audit and compliance purposes. You will work with leaders across the business, supporting understanding and adherence to their regulatory obligations.
Sitting within a team that values autonomy, organisational visibility, collaboration and ongoing personal development, you will play a pivotal role in delivery of our future state TPRM governance ambitions.

Key accountabilities

• Ownership of UK Outsourcing and TPRM standards; maintaining on behalf of Head of Procurement in line with Group Standards, local Regulatory requirements and best practice
• To support and enhance the Outsourcing and Third-Party Risk Management function, advising on regulatory requirements and best practice, providing quality assurance and governance to ensure and report on compliance
• Support Procurement/ supply chain management teams in ensuring that risks (ESG, Financial, Ethical, infosec, concentration etc) and associated mitigation activity always reflects best practice, current regulatory and group standards
• Responsible for providing ongoing Procurement, Outsourcing & TPRM operational support, guidance, and operational subject matter expertise to stakeholders, supporting implementation of key initiatives
• Define appropriate monitoring mechanisms in line with the Group Outsourcing and TPRM Functions to measure and steer the Local Outsourcing and TPRM frameworks. This includes their integration into the Non-Financial Risk Management framework
• Collaborate with safeguarding teams to integrate third-party risk considerations into the overall operational model and measure assure compliance in relation to supplier due diligence, for example, timely Privacy Impact Assessments and Information Security assessments are conducted
• Lead coordination and reporting for Procurement and Outsourcing Governance forum in support of regulatory monitoring and reporting requirements across supply chain and beyond – reviewing and sharing thematic risk updates
• Support notification to supervisory authority in accordance with the stipulated timelines set by the regulation
• Leading on internal audit and compliance actions for Procurement function

ESSENTIAL SKILLS

• Knowledge and understanding of all aspects of Procurement and risk management processes, specifically due diligence and risk assessment and remediation activities
• Understanding of supplier assurance and relationship management practises
• Excellent understanding of corporate risk/risk management frameworks and processes as demonstrated by experience working in Financial/ Insurance sectors in Assurance/ SRM/ TPRM roles
• Working knowledge of applicable regulations to a procurement function operating in a UK Financial Services entity.

DESIRABLE SKILLS

• Understanding of applicable European Procurement and TPRM regulations
• Experience of interacting with the PRA, FCA and/ or the Bank of England
• Experience of aligning cross-country Group vs Local standards
  Don’t quite meet all of the requirements? We would still love to hear from you

Allianz are looking for an experienced Senior Procurement Governance and Assurance Officer to join our UK Procurement function and help us deliver robust governance, supporting regulatory requirements and opportunities.