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London Stock Exchange Group
,
London, Greater London
Procurement Operations Associate
Overview
Job Description
Role Purpose Perform a critical "front line" role in the management of 3rd party supplier risk by managing the assessment of risk and the completion of due diligence at supplier on-boarding, in addition to wider activities which support the effectiveness of the Group Procurement function. Role Responsibilities - Undertake risk assessment of new suppliers prior to on-boarding and contracting, and manage to a schedule of on-going risk reviews as defined/required. - Manage and where possible mitigate 3rd party risk by ensuring completion of risk based due diligence, coordinating with other Group Procurement teams, the business stakeholders, suppliers and other internal functions such as Legal, Risk, Information Security etc. - Manage a complex range of parallel activities and interfaces (including escalations) with the above stakeholders in order to successfully enable on-boarding of new suppliers, whilst minimizing the time to on-board where possible. - Challenge and escalate stakeholder responses or issues during on-boarding to ensure all risks are fully understood, articulated and managed in line with LSEG standards; use judgement and effective stakeholder communications to ensure a thorough and robust risk assessment is completed for all new suppliers. - Act as subject matter expertise in relation to current LSEG 3rd party risk and due diligence standards, and operationalize continual enhancements/developments in supplier risk standards and procedures. Contribute to activities which broaden and enhance Group Procurement's over-arching 3rd party risk management approach including working with geographically remote Procurement teams to standardize and/or customize approaches to risk management at on-boarding. - Co-ordinate the completion of annual health checks on Tier 1 suppliers. - Support the wider Group Procurement team as required to execute defined Procurement Operations processes that enable the wider team to be best in class (including spend analytics and reporting, demand management, stakeholder engagement and tooling). Minimum Requirements - Some experience in Procurement in an operational capacity is required. - Experience/understanding of common 3rd party supplier risk management considerations and approaches is desired. - Strong analytical skills. - Strong stakeholder engagement skills; able to quickly foster positive relationships day to day which lead to the right results. People are at the heart of what we do and drive the success of our business. Our colleagues thrive personally and professionally through our shared values of Integrity, Partnership, Innovation and Excellence are at the core of our culture. We embrace diversity and actively seek to attract people with unique backgrounds and perspectives. We are always looking at ways to become more agile so we meet the needs of our teams and customers. We believe that an inclusive collaborative workplace is pivotal to our success and supports the potential and growth of all colleagues at LSEG. A career with London Stock Exchange Group offers you the opportunity to be at the centre of the financial community. As well as competitive salaries and a range of attractive benefits, we maximise each employee's potential through personal development plans, training, coaching and mentoring. Please take a moment to read this privacy notice carefully, as it describes what personal information the London Stock Exchange Group ("We") may hold about you, what it's used for, and how it's obtained. If you would like this information to be removed from the London Stock Exchange Group HR database, please contact workday@lseg.com. If you choose to have your information removed, you will be removed as a candidate and we will not be able to progress your application for opportunities at the London Stock Exchange Group.