Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.
Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.
Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.
Role Purpose
- In this role, the individual will support robust governance, risk management, and processes for Group Procurement at Lloyd’s. They will be responsible for evolving best practices, delivering projects, supporting risk management, and coordinating supplier onboarding, audits, compliance, and regulatory requirements. Additionally, they will manage MyService tickets to ensure timely resolution of issues, book forums with appropriate stakeholders, schedule regular team meetings, and co-ordinate meeting outcomes, tasks and actions.
Principal Accountabilities
- Assisting the Head of Procurement Governance and the Procurement Governance and Process team to continue to develop a best in-class function with long term vision to deliver a sustainable approach to all third-party sourcing and supplier management whilst minimising risk and driving efficiencies.
- Helping with the Head of Procurement Governance with diary management and team management
- Coordinating the delivery of procurement governance and process improvement projects.
- Assisting in the procurement risk management activities including bi-annual review of the departments risk register, facilitating the risk control self-attestation (RCSA) process, and coordinating the quarterly supplier risk groups with the relevant subject matter experts. This includes tracking and coordinating the completion of associated actions.
- Assisting the Procurement Operations Associate in coordinating onboarding activities for third parties including due diligence to meet internal and external requirements for relevant regulations.
- Working with the wider procurement team to ensure the data is up to date within the contract management system and supplier contact details.
- Support the delivery of procurement training to the business and internal procurement team.
- Production of ad-hoc management information for procurement team and other key stakeholders for appropriate committees and forums.
- Support internal audit exercises on behalf of Procurement to ensure actions are completed within timelines along with the relevant sign-off and attestations are met within the appropriate timeframes.
- Maintain and update procurement materials, including MyLloyd’s pages, Lloyds.com and supporting the annual policy review. Additionally, take ownership of the Procurement Intranet page to ensure data is current and identify opportunities for site improvement.
- Manage procurement service tickets relating to supplier changes and purchase order adjustments within the corporation. Ensure all actions meet the SLA requirements, updating all relevant systems to reflect these changes accurately.
- Assist in responding to daily queries in shared group mailbox.
- Role model and coach others on best-in-class Procurement Governance Culture
- Facilitation of risk management activities for group procurement including updating the risk register, logging incidents, RCSA processes and the Supplier Risk Group.
Skills
- Interpersonal skills with the ability to collaborate effectively with others.
- Keen attention to detail, ensuring tasks are completed accurately and thoroughly.
- Proficient in using technology and applying expertise.
- Adaptable and responsive to change.
- Creative and innovative thinker.
- Entrepreneurial mindset with a talent for finding creative solutions.
- Results-oriented, focused on achieving goals.
- Demonstrates excellent skills in managing and communicating with stakeholders.
- Analytical abilities with keen attention to detail.
- Proven ability to drive and identify opportunities for process improvement.
- Understands risks and issues impacting the procurement process.
- Confident in facilitating clear and constructive interactions, both verbally and via email.
- Quickly learns processes, understanding their underlying reasoning and potential impacts of changes.
- Proficient in IT skills, particularly Excel, Word, and SharePoint.
- Exhibits organisational abilities with the capacity to multitask effectively.
- Capable of working both independently and as part of a team.
- Focused on achieving results.
- Possesses excellent interpersonal skills.
Knowledge
- Basic knowledge of procurement.
Experience
- Basic of governance, procurement, risk management, and compliance.
Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link;
https://cleartalents.com/apply/lloyds-msa1645695881
Please note, clicking on this link does not register your application for the vacancy
