Senior Supplier Risk Analyst

Tesco Insurance; Newcastle upon Tyne; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance company is recruiting a Senior Supplier Risk Analyst to join their Insurance and Money Services team. This role involves evaluating suppliers for various risks, conducting thorough assessments, and reporting findings to senior management. The ideal candidate will have a strong background in risk management, excellent communication skills, and the ability to collaborate with cross-functional teams. This position offers a hybrid work model requiring office attendance two days a week and comes with a competitive salary and benefits package.

Benefits

Private Healthcare

Performance-related annual bonus

Generous holiday allowance

Colleague Clubcard discount

Critical Illness cover

Qualifications

• Risk management experience or understanding of third-party or supplier management.
• Experience working within established risk management systems.
• Strong reporting skills for creating relevant risk reports.

Responsibilities

• Evaluate potential and existing suppliers for risks.
• Conduct due diligence and risk assessments.
• Monitor news and regulatory changes impacting suppliers.
• Report risk findings to senior management.

Skills

Stakeholder management skills

Data collection and analytical skills

Communication skills

Problem-solving ability

Job description

Serving our customers, communities, and planet a little better every day.

Salary – from £43,680+ annual bonus & benefits

Work Level - 2

Location - Edinburgh, Glasgow, Newcastle or Reigate

Office Attendance - Our roles are hybrid; you should be able to work in our offices 2 days per week

Closing Date - Monday 29th December 2025 at 5pm.

Opportunity

We’re recruiting for a Senior Supplier Risk Analyst to join our Insurance and Money Services team. You’ll support the Supplier Risk and Assurance Manager and wider Outsourcing and Supply Chain Management team in protecting Tesco Insurance and Money Services from risks associated with third‑party suppliers by developing and implementing robust supplier risk management frameworks.

This role supports ensuring compliance with regulatory requirements, enhances operational resilience, and supports strategic decision‑making through effective risk identification, assessment, and mitigation.

The Role

• Evaluating potential and existing suppliers for financial, operational, geopolitical, and compliance risks.
• Conducting due diligence and risk assessments in line with Outsourcing and Supply Chain Management framework.
• Continuously monitoring news, financial data, and regulatory changes that may impact suppliers.
• Reporting risk findings to senior management and recommending mitigation strategies.
• Collaborating with procurement, legal, risk and compliance teams to address supplier issues.
• Establishing and maintaining supplier risk management policies, procedures, and frameworks.
• Serving as a point of contact for supplier risk issues and escalations.
• Preparing and presenting monthly risk reports to senior management.

We need you to have (min exp)

• Risk management experience or understanding of 3rd party or supplier management.
• Experience working within established risk management systems.
• Robust stakeholder management skills required to work in cross‑functional teams during onboarding and ongoing management of 3rd party suppliers.
• Ability to make sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.
• Proven data collection and analytical skills.
• Confident in providing insights into business dynamics.
• Strong reporting skills required to create relevant and effective risk reports for senior stakeholders.
• Excellent communication skills.
• Demonstrable experience with identifying, assessing and prioritising managing.

What’s in it for you?

• Prepare for your retirement with our colleague pension scheme.
• Private Healthcare & Virtual GP Service for you and your family 365 days a year.
• Performance‑related annual bonus.
• Generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
• Benefit from our Colleague Clubcard – 10% discount that increases to 15% every payday; a second card to share.
• Green Car Leasing Scheme.
• Critical Illness cover.
• Family‑oriented initiatives – enhanced maternity leave pay, shared parental leave policy, 8‑week paid paternity leave.
• Participation in Buy‑as‑you‑Earn and Save‑as‑you‑Earn share schemes.

Everyone’s welcome

We want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

We know the importance of balancing work with life’s other commitments. Please discuss the flexibility you need during the interview – we’re committed to exploring part‑time and flexible working opportunities at every level.

Interviews

Interviews are expected to be held from September 2025.

How to apply

If you’re interested in learning more about a career at Tesco Insurance and Money Services, click apply to find out more!