Procurement Compliance Manager

This leading global insurance group is somewhat of a hidden gem. Making over $1.5bn of profit last year it provides innovative insurance solutions.

The company and is offering the newly created role of Procurement Compliance Manager to be based out of Surrey offices.

This is a lean organisation that has grown through acquisition and while the structure is flat, the environment is grown up and will allow you the freedom to operate with autonomy.

Their hybrid working policy means you’ll only get to the offices when there is a collaborative benefit to doing so.

The key requirement of the Procurement Compliance Manager are as follows:

  • Embed procurement and third-party related policies that keep pace with evolving global regulatory standards.
  • Maintain the company’s integrity through driving business-wide compliance to company policies and procedures, working in partnership with key compliance and risk functions.
  • Assessing vendor compliance to company policies and procedures.
  • Reporting on findings, making recommendations and implementing accordingly.

  Your day-to-day responsibilities might include:

  • Lead/conduct internal audits and external vendor audits to validate compliance
  • Review the work of colleagues within the team and wider business to identify compliance issues and provide advice or training
  • Track compliance and develop relevant actions plans and assurance processes
  • Prepare reports for senior management
  • Keep abreast of regulatory developments within or outside of the company as well as evolving best practices in compliance control
  • Assess the business’s future ventures to identify possible compliance risks
  • Develop and deliver governance tools and templates.
  • Collaborate with key functions such as Legal, Compliance and Group Risk to evaluate the impact of new standards and regulations and make implementation plan recommendations
  • Evaluate the efficiency of group-level controls and make recommendations for improvement
  • Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues
  • Build capability and deliver training to promote awareness of Procurement and Outsourcing Policies and procedures to the wider organisation
  • Participate/provide reporting information to the Vendor Management Forum

So, if you have 3 to 5 years of experience in a procurement compliance role, ideally within financial services or insurance industries, excellent influencing and stakeholder relationship management at a senior and an analytical mind able to “see” the complexities of procedures and regulations, then why not apply today.

Benefits of the role include:

  • A generous salary of £65-70,000
  • 15% Bonus
  • 10% non-contributory pension
  • 25 days holiday
  • Medical insurance
  • There is also the option to take part in an EV car scheme as part of a salary sacrifice