Supplier Risk Manager

Reposted 14 Days Ago
Be an Early Applicant
Charlotte, NC, USA
In-Office
Senior level
Insurance
The Role
The Supplier Risk Manager develops and implements supplier management routines, supports risk assessment activities, manages supplier onboarding, and collaborates on risk mitigation.
Summary Generated by Built In

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st Shift (United States of America)

Please review the following job description:

The Supplier Risk Manager is responsible for developing and implementing supplier management routines at TIH/CRC supporting the Supplier Risk Management Standards and Policies. This role operates in TIH Procurement and supports business unit and functional partners in managing supplier risk through supplier onboarding activities, reassessments, advice and counsel, and regular reporting.
Provides consultation and support during the planning and contracting phases, onboarding of new suppliers, ensuring completion of artefacts and risk assessment activities. Reviews, tracks and works with the function and business unit representatives to monitor and mitigate risks related to Service Level Agreement (SLA) performance. Collaborates with Enterprise Cybersecurity (ECO), Compliance, Internal Audit and business to improve efficiencies, reduce costs, mitigate risks and enhance the business and function user experience to realize optimal delivery from suppliers.

KEY RESPONSIBILITIES

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time. 

  • Plan and implement Supplier Risk Management function to include technology, policies, procedures and meeting cadence with business and functional representatives.
  • In conjunction with Sourcing & Contracting and ECO, coordinate Risk Review questionnaires, manage results, tier suppliers by risk and meet requirements for monitoring supplier risk and performance
  • Ensures exit strategies exist, including Winding Down Plan and Repatriation Plan
  • Drive awareness to supplier risks through participation in supplier-led risk forums and other training
  • Manage escalations between the supplier, business units and functional entities through to resolution
  • Key communication point with all lines of Business and suppliers in their portfolio, functional partners to ensure necessary information for the cross-functional teams are delivered
  • Ensure proper monthly monitoring of SLAs for all suppliers via a risk-based approach
  • Provide reporting to senior management on health of the portfolio including key risk indicators and control execution
  • Works with the suppliers, business units and Functional Partners to identify, document and close any service gaps/performance levels

EDUCATION AND EXPERIENCE

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor’s degree or equivalent experience is required.
  • 5 years of experience in Supplier Risk Management is required.

FUNCTIONAL SKILLS

  • Implement risk management practices in the financial services industry
  • Execution of policies and procedures
  • Experience with industry standard analytics platforms/ERP (Workday, PowerBI, Excel, etc.).
  • Excellent interpersonal skills with a strong customer service focus
  • Experience working in a complex environment and managing multiple priorities

Location: This position is hybrid in Charlotte, NC.

General Description of Available Benefits for Eligible Employees of CRC Group: At CRC Group, we're committed to supporting every aspect of teammates' well-being – physical, emotional, financial, social, and professional. Our best-in-class benefits program is designed to care for the whole you, offering a wide range of coverage and support. Eligible full-time teammates enjoy access to medical, dental, vision, life, disability, and AD&D insurance; tax-advantaged savings accounts; and a 401(k) plan with company match. CRC Group also offers generous paid time off programs, including company holidays, vacation and sick days, new parent leave, and more. Eligible positions may also qualify for restricted stock units and/or a deferred compensation plan.

CRC Group supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. CRC Group is a Drug Free Workplace.

EEO is the Law   Pay Transparency Nondiscrimination Provision   E-Verify

Top Skills

Excel
Power BI
Workday
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The Company
HQ: Birmingham, Alabama
2,066 Employees
Year Founded: 1982

What We Do

CRC Group is one of the largest wholesale insurance distributors in the U.S. CRC Group consists of three divisions, Commercial Solutions, Group & Individual Solutions, and Specialty Programs. The CRC Group family of brands includes CRC, TAPCO, Insurisk, CRC Programs, 5Star, The ABC Program, Negley, Professional Insurance Concepts, Pro-Praxis, SHU, Target, JH Blades, CRC Voluntary Benefits, Ethos Underwriting Services, and Hanleigh. CRC Group’s insurance offerings and practice groups range from commercial property, casualty, professional lines, small business, transportation, environmental, construction, energy, healthcare, hospitality, manufacturing & distribution, public entity, and real estate, to personal lines, disability, voluntary benefits, and more. CRC Group has the largest collection of actionable data in the wholesale business and we are putting it to use to consistently deliver better outcomes and more efficient results for our clients. We leverage data to provide a better client experience through limits benchmarking reports, amendatory endorsements, comparison tools, form review library, and property risk assessment reports. We have unveiled the REDY platform, which uses data and analytics to help clients win. In addition, we offer products exclusively available from CRC Group through our Insurisk brand. Our Claims Advocacy team is another way we strive to enhance the client experience, our dedicated team is ready to assist even after the policy is placed, we are here to help in the event of a difficult claim, as well. These are just some of the ways CRC Group is placing you first.

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