Supplier Risk Management Lead

Internetwork Expert; London; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading automotive company seeks a Supplier Risk Management Lead to assess and mitigate risks in supplier relationships. The role involves monitoring supplier performance, ensuring compliance with regulations, and collaborating with teams to enhance supply chain stability. Candidates should have experience in procurement risk management and strong communication skills.

Qualifications

• Experience in strategic procurement or SCM function in a manufacturing context.
• Demonstrable experience as a Risk Manager.
• Fluent in English.

Responsibilities

• Conduct thorough assessments of suppliers to identify risks and vulnerabilities.
• Implement monitoring mechanisms to track changes in supplier financial health.
• Collaborate with stakeholders to integrate risk management into supplier selection.

Skills

Risk management

Communication

Analytical skills

Project management

Collaboration

Job description

INEOS Automotive – Built For More

Story so far

Since we started our journey to build a no nonsense 4X4, we’ve come a long way. We’ve established INEOS Automotive as a serious contender in 4X4 development and manufacturing. We’ve partnered with some of the biggest names in the automotive industry. We’ve made our way from vision to prototype. We’ve secured a world-class production facility and delivery team. We’ve delivered Grenadiers to customers all around the world. We’re building our double cab pick-up, the Quartermaster.

People and Culture

Easy never changed anything. Not in manufacturing, science, engineering or energy – and certainly not elite sport. At INEOS we tackle every challenge head-on, and we help extraordinary athletes achieve extraordinary things. When it comes to making positive change, we know nothing gets done without grit, rigour and humour. Our Automotive team consist of around 1500 employees, 10 locations and 44 nationalities, we’re an international team working together to challenge the ordinary.

If this sounds like you, let’s talk.

As a Supplier Risk Management Lead, the primary responsibility is to assess, monitor, and mitigate risks associated with the organization's supplier relationships. The role will be also responsible to implement, enhance and/or maintain risk management related processes and tools to manage and/or support the activities.

The Risk Management Lead will play a crucial role in ensuring the continuity and resilience of the supply chain by identifying potential risks, such as financial instability, geopolitical factors, regulatory compliance issues, and operational vulnerabilities. The role will also co-ordinate all risk related activities, such as deep dives, evaluations, analysis, task forces etc. and support and consult the organisation on mitigating/evaluating risk events.

Duties include:

Risk Assessment:

• Conduct thorough assessments of potential and existing suppliers to identify risks and vulnerabilities.
• Evaluate financial stability, regulatory compliance, and operational capabilities of suppliers.

Monitoring and Early Warning:

• Implement robust monitoring mechanisms to track changes in suppliers' financial health, market conditions, and geopolitical landscapes.
• Establish early warning systems to identify emerging risks and proactively address issues.

Collaboration:

• Collaborate closely with PQS teams to integrate risk management into the supplier selection process.
• Engage with key stakeholders to gather insights and intelligence on supplier-related risks.
• Drive task forces and support teams on supplier risk mitigation and ensure supply chain stability action plans.

Contractual Risk Mitigation:

• Work with legal teams to incorporate risk mitigation clauses into supplier contracts.
• Ensure that contractual agreements align with the organization's risk tolerance and compliance requirements.

Performance Metrics:

• Develop and track key performance indicators (KPIs) to measure and report on supplier risk management effectiveness.
• Regularly communicate risk metrics to relevant stakeholders.

Response and Contingency Planning:

• Develop and implement contingency plans for high-risk suppliers.
• Coordinate with cross-functional teams to respond effectively to supply chain disruptions.

Continuous Improvement:

• Stay informed about industry trends, emerging risks, and best practices in supplier risk management.
• Drive continuous improvement initiatives to enhance the efficiency and effectiveness of the supplier risk management program.

Systems and processes

• Support the development, and maintenance of cross-functional procedures for Supplier Risk Management in partnership with PQS and business units.
• Implement processes to manage risk related activities.
• Enhance/improve systems for risk management.
• Provide training for risk management processes.

Qualifications:

• Experience in a strategic procurement or SCM function gained in manufacturing industry, with focus on risk assessment, supplier risk management or supplier management, or in a risk management function with focus on Procurement and Supply Chain Management risks.
• Demonstrable experience as a Risk Manager.
• Familiarity with relevant regulations and compliance standards.
• Previous direct knowledge of Risk assessment and control.
• Experience with monitoring and reporting procedures.
• Familiarity with risk criteria and risk assessment methods.
• Ability to work collaboratively and influence stakeholders.
• Demonstrates excellent communication and interpersonal skills as well as ability to find consent.
• Demonstrable ability to prioritise tasks and have effective time management and analytical skills.
• Fluent in English.
• Demonstrates excellent knowledge and experiences in project management and the usage of required methods and IT tools.
• Ability to moderate and mediate cross-functional teams in task forces, escalation meetings etc.

If the role sounds of interest and you want to learn more please apply. Please include a covering letter that supports your application along with any other supporting information.

If your application is successful one of the team will be in touch to arrange an initial conversation!