Senior Supplier Risk Analyst

Tesco Insurance & Money Services; North East; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance company is seeking a Senior Supplier Risk Analyst to support risk management for third-party suppliers. The role involves evaluating risks, conducting due diligence, and collaborating with various teams. Strong stakeholder management and data analysis skills are essential. The position offers a hybrid work model and a competitive salary of £43,680+ along with performance-related bonuses.

Benefits

Colleague pension scheme

Private Healthcare

Performance related annual bonus

Generous holiday allowance

Colleague Clubcard discount

Green Car Leasing Scheme

Critical Illness cover

Family-oriented initiatives

Qualifications

• Experience or understanding of 3rd party or supplier management.
• Experience with established risk management systems.
• Ability to solve complex problems with contradictory information.
• Confidence in providing insights into business dynamics.
• Demonstrable experience with identifying and assessing risks.

Responsibilities

• Evaluate potential and existing suppliers for risks.
• Conduct due diligence and risk assessments.
• Monitor news and data impacting suppliers.
• Report findings to senior management.
• Collaborate with teams to address supplier issues.

Skills

Risk management

Stakeholder management

Data collection and analytical skills

Reporting skills

Communication skills

Job description

Overview

Tesco Insurance • Newcastle - Q8 Building, Quorum Business Park, Longbenton, NE12 8BU • Apply by 19-Sep-2025

About the role
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 - Applications 19 September 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 in 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.

Qualifications

• Risk management, experience or understanding of 3rd party or supplier management.
• Experience of working within established risk management systems.
• Robust stakeholder management skills required to work in cross functional teams to ensure risks are appropriately managed during onboarding and ongoing management of 3rd party suppliers, where there are often conflicting priorities across the teams.
• 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 that can be shared with senior stakeholders.
• Good stakeholder management skills and excellent communication skills.
• Demonstrable experience with identifying, assessing and prioritising managing.

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

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.
• Colleague Clubcard with a 10% discount (increasing to 15% every payday). A second card is provided to share with someone else.
• Green Car Leasing Scheme.
• Critical Illness cover.
• Family-oriented initiatives, including enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
• 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 also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities at every level of the organisation.

Interviews

Interviews are expected to be held from September 2025.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals. Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!