Supplier Risk Manager

2 weeks ago

Johannesburg, Gauteng, South Africa FirstRand Full time
Job Description

To develop and implement strategies to mitigate against vendor or third party risks

To drive vendor risk management for all suppliers in the Bank, from the onboarding phase to termination

Hello Future Supplier Risk Specialist

Welcome to FNB, the home of the #changeables.

We design for the shapeshifters and deliver products and services that make us incredibly proud of people that make it happen.


As part of our talent team, you will be surrounded by unique talents, diverse minds, and an adaptable environment that lives up to the promise of staying curious.

Now's the time to imagine your potential in a team where experts come together and ignite effective change.

Are you someone who can:

  • This role will drive Supplier Risk Management (SRM) for suppliers in the Bank, across their entire lifecycle from the onboarding phase to termination.
  • Provide ongoing SRM advice and guidance to business on operational and tactical Supplier Risk management.
  • Enhance and improve the existing Vendor Risk Management framework design, driving toward an optimized maturity.
  • Gather support for this framework. operationalize, monitor, and report on supplier risks at the supplier, risk type, and aggregate levels.
  • Review and analyze internal data in relation, and in comparison, to business strategies, market research, and other external benchmarking to provide strategic insight, consideration of opportunities, and alignment of the VRM framework to the enterprise goals.
  • Coordinate and facilitate risk issues (where needed) across the group and with the external supplier to a managed and resolved status,
  • Develop & maintain workflow processes to ensure data & system controls are adequate, meet internal baselines and optimize current processes to meet emerging Supplier risks,
  • Collaborate effectively with risk and compliance on vendor impacts, and help business drive these requirements that impact a supplier.
  • Help ensure strong oversight of all suppliers' risks and provide business partners visibility of existing and emerging risks.
  • Lead the development, implementation, and maintenance of supplier risk information and reporting, including defining standard supplier risk metrics/measures, trend analysis, developing reporting and analysis standards and requirements, and providing market intelligence and analytical insights in relation to sourcing strategies.
  • Effective teamwork, selfmanagement, and alignment with group values.
  • Bachelor's degree in risk management, Commerce, Finance, Legal, Audit or related field
  • CRMA and/or CISA is an added advantage.
  • 8 years progressive experience in a Risk Management or Audit role in a similar sized organization including 3 years' experience in a procurement function.
  • Comprehensive knowledge of applicable concepts and methodologies such as continuous quality improvement and auditing experience
  • Extensive working experience in Business Risk Management, Operational Risk, Internal Audit, and/or controls related function within the health care industry preferred.
  • Understanding of governance structures used to manage supplier risk programs and supplier mitigation and oversight.
  • Ability to analyze data, interpret results and provide strategic recommendations.
  • Advanced analytical skills to resolve the most complex risk management problems.
  • Excellent project management skills.

You will have access to:

  • Opportunities to network and collaborate at a group level and with external parties.
  • Challenging Working environment, with activities that are seldom routine.
  • Opportunities to make a difference at a group level.

We can be a match if you are:

  • Excellent with Analysis and Attention to Detail
  • The ability to be systematic and rule orientated in gathering, reviewing, and evaluating data from a variety of perspectives.
  • Curious & courageous you're driven by always wanting to know more and you will be challenging both internal and external practices related to emerging risks,
  • Problem Solving cut to the core of issues and applies effective analysis, logic, and creativity to identify and implement solutions in a world where the supplier risk management is still evolving as a discipline.
Job Details

Application Closing Date

19/02/24

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