Senior Governance and Assurance Officer

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Role Description

We are looking for an experienced individual to join our Procurement function and help us deliver against a robust set of regulatory requirements and opportunities

As our Senior Governance and Assurance Officer, you will work at a strategic level with internal stakeholders to ensure that key controls and minimum requirements under our Sourcing, Outsourcing and Third Party Risk Management (TPRM) policies are conducted correctly, assessed for quality and appropriately stored for audit and compliance purposes. The role will entail leading/supporting cross-functional teams to ensure that this vital part of the Procurement risk activity is conducted smoothly, effectively and allows us to demonstrate compliance with Group and regulatory requirements as relating to Outsourcing and TPRM requirements.

This will be a hybrid role from any of our UK offices

Key accountabilities

• To support and enhance the Outsourcing and Third-Party Risk Management function advising on regulatory requirements and best practice, providing quality assurance and governance
• Support Procurement in ensuring that risks (ESG, Financial, Ethical, infosec, concentration etc) and associated mitigation activity always reflects best practice, current regulatory and group standards
• Validate and assess due diligence evidences are received, collated and stored appropriately during competitive tender activities
• Ensure compliance with all relevant regulations, standards, and guidelines related to Outsourcing and third-party risk management
• Assist in the implementation of Outsourcing and TPRM policies, procedures, and standards within the first line of defence, ensuring compliance with regulatory requirements and industry best practices
• Establish mechanism to obtain appropriate management information (MI) and reporting as part of the various ongoing monitoring requirements for the Third-Party Arrangements and ensure that ongoing monitoring requirements are adhered to
• Define appropriate monitoring mechanisms in line with the Group Outsourcing and TPRM Functions monitoring mechanisms to measure and steer the OE Outsourcing and TPRM frameworks. This includes their integration into the NFRM framework
• Collaborate with safeguarding teams to integrate third-party risk considerations into the overall operational model
• Work with other safeguarding functions to ensure that external (to procurement) processes are followed in relation to supplier due diligence, for example, Privacy Impact Assessments and Information Security assessments are conducted
• Perform required updates to the UK Outsourcing and TPRM Frameworks in line with Group Standards, local Regulatory requirements and best practice using appropriate governance forums for sign-off
• Support notification to supervisory authority in accordance with the stipulated timelines set by the regulation
• Assist in preparing for and responding to audits and inquiries related to outsourcing and third-party risk management

Essential Skills

• Knowledge and understanding of all aspects of Procurement and risk management processes, specifically due diligence and risk assessment and remediation activities
• Understanding of supplier assurance and relationship management practises
• Excellent understanding of corporate risk/risk management as demonstrated by experience working in Banking and or Insurance sectors in Assurance / TPRM roles

Desirable Skills

• MCIPS - qualified or working towards qualification (preferred).
• Experience of interacting with the PRA, FCA and or the Bank of England

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working.
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet

Our Ways of WorkingDo you need some flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen.Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Diversity & InclusionAt Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community's Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.We encourage our employees to advocate for their needs, whether it's assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for AllAs part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

Hr-recruitment@allianz.co.ukresourcingteam@allianz.co.uk Join us - Let's Care for Tomorrow.