Supplier Risk Specialist

Reposted 2 Days Ago
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Chennai, Tamil Nadu
In-Office
Mid level
HR Tech • Payments • Software • Financial Services
The Role
The Supplier Risk Specialist manages supplier risks by ensuring compliance, improving operational practices, and collaborating with stakeholders on risk assessments and mitigation strategies.
Summary Generated by Built In

Management Level

G

Equiniti is a leading international provider of shareholder, pension, remediation, and credit technology. With over 6000 employees, it supports 37 million people in 120 countries.

EQ’s vision is to be the leading global share registrar, offering complementary services to its client base and our values set the core foundations to our success. We are TRUSTED to deliver on our commitments, COMMERCIAL in building long term value, COLLABORATIVE in our approach and we IMPROVE by continually enhancing our skills and services. There has never been a better time to join EQ.

Role Summary

The Supplier Risk Specialist is responsible for identifying, and interpreting risks across the supplier base. Working with stakeholders at all levels across EQ demonstrating best practice risk management in line with SRM Policy and Handbook to mitigate and minimise risk exposure.

The successful candidate will be responsible for delivering best practice operational processes and practices by utilising technology and following EQ policies and procedures. The jobholder will seek continuous improvement in all activities performed, working under the instruction and closely with the Senior Supplier Relationship & Risk Managers.

Excellent stakeholder management skills are essential, working collaboratively with stakeholders to develop / recommend solutions, mitigation plans and track corrective actions, appropriately challenging where necessary to ensure compliance to policy.

The jobholder will ensure they deliver against targets, efficiency measures, values and agreed timescales. Furthermore, the jobholder will ensure improved utilisation of Third Party Management tools.

Support the delivery of SRM KPI’s, values and improve utilisation of procurement tools with the team.

Develop strong working relationships with all members of the Procurement and Risk Teams to deliver best outcomes.

Proactiveness, self-drive, determination, and a positive attitude and behaviours are requirement of this role, as is a target orientated individual.

Core Duties/Responsibilities

  • Ensuring suppliers are risk tiered and due diligence completed for all high risk suppliers prior to being on-boarded or completing renewal activities in line with SRM Policy and Handbook. 
  • Support the development of tools and frameworks to continually monitor supplier risk throughout the Supplier life-cycle.
  • Support EQ to meet supplier legal and regulatory requirements (e.g. FCA, PRA & DFS outsourcing requirements)
  • Continuously identify areas for improvement and help to guide EQ through transformation of their supplier management approach Be a Key Stakeholder within the procurement team providing input to category and relationship management strategies
  • Monitor and report specific Third Party Risk Management Team benefits at an individual supplier level and at an aggregated Team/Department level including the delivery of MI on key metrics and use the data to drive continuous improvement

Skills, Capabilities and Attributes

  • Ideally degree educated & with professional qualification
  • Previous experience in Third Party Risk Management including knowledge of supplier onboarding and TPRM practices
  • Experience and understanding of Third Party Risk System of records i.e,  LogicGate, Archer, Workday, Workday Strategic Sourcing
  • Experience with Artificial Intelligence applications
  • Capacity to engage in activities regarding strategic issues and work alongside stakeholders to develop pragmatic plans of action towards remediation or process improvement.
  • Understanding of regulatory requirements in financial service
  • Strong communication skills
  • High-level of attention to detail
  • Excellent analytical and natural problem-solver
  • Negotiating and networking
  • Highly organised, detail-oriented, and able to manage & navigate competing priorities
  • Strategic thinking, results-driven mindset
  • Confident and risk-oriented professional who thrives on building strong relationships and driving strategic supplier engagement.
  • Ability to take ownership and drive initiatives.

EQ India Benefits: 

  • Cab transport for staff working in UK & US shift
  • Comprehensive Medical & Life Assurance cover
  • Maternity leave of 6 months full pay, 10days paid paternity leave
  • Long Term Incentive Plan (LTIP) for all colleagues
  • Accidental & Life cover 2 times of concerned CTC

    We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships. Please note any offer of employment is subject to satisfactory pre-employment screening checks.

    Top Skills

    Archer
    Artificial Intelligence
    Logicgate
    Workday
    Workday Strategic Sourcing
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    The Company
    Birmingham
    4,092 Employees

    What We Do

    Our people and platforms engage customers with investments, connect businesses with markets, and enable organisations to grow.

    Our vision is to be a leading global share registrar and transfer agent, offering complementary services in pensions and remediation, to help our customers succeed.

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