Senior Supplier Risk Analyst

Tesco Insurance & Money Services; Newcastle upon Tyne; Hybrid; GBP 44,000; Full time

Job summary

A leading insurance provider is recruiting a Senior Supplier Risk Analyst to protect the company from risks associated with third-party suppliers. Based in Newcastle and adopting a hybrid working model, the role involves evaluating suppliers for risks, conducting due diligence, and collaborating with various teams. Candidates should have risk management experience and strong stakeholder management skills. The position offers competitive salary from £43,680 plus benefits including retirement preparation, healthcare, and a performance-related bonus.

Benefits

Generous holiday allowance

Private Healthcare & Virtual GP Service

Performance-related annual bonus

Colleague Clubcard discount

Qualifications

• Experience with third-party or supplier management.
• Ability to solve problems by synthesizing complex information.
• Experience in established risk management systems.

Responsibilities

• Evaluate suppliers for financial, operational, and compliance risks.
• Conduct due diligence and risk assessments.
• Report risk findings and recommend mitigation strategies.

Skills

Risk management experience

Stakeholder management skills

Data collection and analytical skills

Excellent communication skills

Reporting skills

Job description

Tesco Insurance • Newcastle – Q8 Building, Quorum Business Park, Longbenton, NE12 8BU, United Kingdom – Permanent – Apply by 29-Dec-2025

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

Work Level – 2

Location – Edinburgh, Glasgow, Newcastle or Reigate

Office Attendance – hybrid; 2 days per week in‑office

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

About the role

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

Opportunity

We are recruiting a Senior Supplier Risk Analyst to join our Insurance and Money Services team. You will support the Supplier Risk and Assurance Manager and the 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.

The Role

• Evaluating potential and existing suppliers for financial, operational, geopolitical, and compliance risks.
• Conducting due diligence and risk assessments in line with the Outsourcing & 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.

Qualifications (minimum experience)

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

We don't expect you to tick every box and if you hit most of the brief it’s worth exploring to further develop your career here with us.

Benefits

• Preparation for 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.
• Colleague Clubcard, 10 % discount increasing to 15 % every payday; receive a second card to share.
• Green Car Leasing Scheme.
• Critical Illness cover.
• Family‑oriented initiatives, including enhanced maternity leave pay, a shared parental leave policy, and generous 8‑week paid paternity leave.
• Share schemes—Buy as You Earn and Save as You Earn.

Inclusive Workplace

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.

Work‑Life Balance

We also recognise the importance of balancing work with life’s other commitments. Discuss flexibility in interviews; we are committed to exploring part‑time and flexible working opportunities at every level.

Interview Process

Interviews are expected to be held from September 2025.

Why Tesco Insurance & Money Services

Seeing your impact all around you—there’s no better feeling.

How to Apply

To apply, click apply to find out more! Bring your experience and a desire to do good and feel good.