The primary function of the Procurement and Partnerships Specialist is to assist in the management of procurement and supplier partnerships across the organization. This role ensures scalability, efficiency, and cost-effectiveness while fostering optimal customer outcomes.
Key Responsibilities
* Collaborate with third-party risk management support teams to finalize third-party risk management outcomes and decisions.
* Develop strong relationships with key suppliers, ensuring compliance with contractual obligations and promoting collaboration.
* Maintain organizational compliance with group policies, procedures, and regulatory requirements.
* Evaluate supplier performance, implementing corrective actions and continuous improvement initiatives.
* Analyze market trends to identify opportunities for cost savings and process enhancements.
* Contribute to ongoing improvement by enhancing processes, tools, and systems to enrich the customer experience.
* Monitor industry trends, emerging technologies, and supply chain innovations.
* Track and report on key procurement and supplier management metrics, identifying areas for improvement and implementing strategies to drive performance.
* Implement quarterly business reviews and performance metrics with key distributors and suppliers.
* Drive automation and propose automation strategies to improve risk management, optimize commercial agreements, and deliver stakeholder outcomes.
Requirements
* Bachelor's degree in business administration, supply chain management, or a related field.
* Minimum 5 years of experience in supplier management, procurement, or commercial support roles.
* Expertise in supplier relationship management and procurement services, with the ability to partner with internal and external stakeholders to foster relationships and achieve positive outcomes.
* Familiarity with third-party risk management frameworks and procurement services; desirable claims partner management experience.