About the job
About Allica Bank
Allica Bank is recognized as the UK’s fastest-growing company and stands out as the most rapidly expanding financial technology (Fintech) firm in history. Our mission is to empower established SMEs, a crucial yet underserved segment within the Fintech landscape.
Established SMEs play a vital role in our local communities, accounting for over a third of the economy, but have often been overlooked by both traditional banks and modern fintech solutions.
Department Overview
The Third Party Management and Procurement team is essential in ensuring that Allica collaborates with, supervises, and disengages from suppliers in a way that enhances our resilience and consistently achieves superior results. We oversee the entire lifecycle of third-party relationships with an emphasis on strong governance, transparent decision-making, and meticulous oversight. Acting as trusted allies across the organization, we empower teams to engage confidently and swiftly with third parties while ensuring that risks are comprehended, controls are adhered to, and partnerships align with Allica’s core values.
Position Overview
The Senior Procurement and Third-Party Risk Analyst is a pivotal role within the Procurement & Third-Party Management function, facilitating the implementation of Allica’s Third Party Risk Management (TPRM) framework throughout the supplier lifecycle. This role is responsible for reviewing third-party risk assessments, conducting due diligence, and executing ongoing monitoring activities, ensuring that all information is precise, comprehensive, and escalated as necessary. Collaborating closely with business stakeholders and subject matter experts, this position aids in applying TPRM policies and standards uniformly, supports risk-based decision-making, and contributes to management information, reporting, as well as regulatory and audit processes. Furthermore, the role encourages the continuous enhancement of TPRM processes, tools, and documentation.
Key Responsibilities
Contribute to the development and ongoing refinement of the Third-Party Risk Management framework, ensuring the consistent application of standards, expectations, and risk appetite across the business.
Assist senior leadership within the Third Party & Procurement function by participating in strategic initiatives, prioritizing tasks, and engaging effectively with stakeholders on third-party and procurement activities.
Support and inform risk-based decisions throughout the third-party lifecycle, including onboarding, contract renewals, significant changes, and exits, ensuring decisions are properly escalated and approved.
Conduct and assist in the review and challenge of third-party risk assessments, due diligence, and ongoing monitoring to ensure compliance and effectiveness.
