Third Party Manager

The Nottingham; Nottingham; Hybrid; GBP 55,000 - 65,000; Full time

Job summary

A prominent mutual organisation in Nottingham is seeking a skilled Third Party Manager to oversee a portfolio of suppliers and ensure compliance with procurement policies. In this hybrid role, you will lead procurement processes, negotiate contracts, and develop category strategies. Ideal candidates will have procurement expertise and strong analytical skills. The position offers a competitive salary and a commitment to personal development and diversity.

Benefits

Annual discretionary bonus

Access to healthcare resources

29 days holiday plus bank holidays

Career growth opportunities

Flexible working

Paid volunteering days

Financial coaching tools

Qualifications

• Proven experience in procurement and third-party risk management.
• Strong understanding of FCA and PRA requirements.
• Skilled at interpreting complex data and making informed decisions.

Responsibilities

• Manage the full supplier lifecycle, from onboarding to exits.
• Develop sourcing and category strategies for key business areas.
• Ensure compliance with internal policies and regulations.

Skills

Procurement expertise

Negotiation skills

Analytical mindset

Collaborative approach

Education

Relevant certifications such as CIPS

Job description

About The Role

Contract type: Permanent
Hours: Full-time, 35 hours
Location: Head Office, Nottingham (Hybrid working, minimum 2 days per week)
Salary: Up to £65,000 depending on experience.

Application process: Please apply via the application button which will direct you to our careers site. If you require any adjustments to assist you in applying, please contact [e-mail].

We are looking for a dynamic Third-Party Manager to join our Procurement team. Reporting to the Head of Procurement, you will take ownership of a portfolio of third‑party suppliers aligned to key business areas and senior stakeholders.

In this role, you will manage the full supplier lifecycle, from onboarding and commercial negotiation to ongoing relationship management, renewals, and exits, ensuring compliance with our Procurement Policy and risk management framework. You will also develop sourcing and category strategies for your areas and play a key part in embedding best practice across the Society.

This is a varied role that spans procurement, supplier risk management, and relationship management. You will act as the single point of contact for leadership and relationship owners, building strong partnerships and driving value across the organisation.

Here’s a taste of what you will be doing as a Third Party Manager at Nottingham Building Society:

• Procurement and Sourcing: Lead end‑to‑end procurement processes, including supplier identification, RFP management, contract negotiation, and onboarding.
• Contract Negotiation: Drive negotiations to secure favourable commercial outcomes and robust terms and conditions for the Society.
• Category Strategy: Develop and implement category strategies to optimise cost, quality, and service delivery.
• Policy Compliance: Ensure all procurement activities adhere to internal policies and relevant industry regulations.
• Risk Management: Facilitate thorough due diligence and ongoing risk assessments of suppliers, covering financial stability, operational resilience, information security, and regulatory compliance.
• Risk Frameworks: Maintain and enhance third‑party risk frameworks, ensuring alignment with FCA, PRA, and other regulatory requirements.
• Performance Monitoring: Monitor and report supplier performance against SLAs and KPIs, leading corrective actions where necessary.
• Relationship Management: Build strong relationships with leadership teams, internal stakeholders, and key suppliers to drive innovation, mitigate risk, and deliver service excellence.

About you

• Procurement Expertise: Proven experience in procurement, third‑party risk, and relationship management, ideally within financial services.
• Regulatory Knowledge: Strong understanding of FCA and PRA requirements for outsourcing and third‑party risk.
• Negotiation Skills: Excellent ability to negotiate contracts and influence senior stakeholders effectively.
• Analytical Mindset: Skilled at interpreting complex data and making informed, risk‑based decisions.
• Process and Change: Experience embedding new policies and leading colleagues through change initiatives.
• Collaborative Approach: Customer‑focused, adaptable, and confident working across multiple areas and specialisms.
• Qualifications: Relevant certifications such as CIPS or training in procurement, risk management, or supplier management are desirable.

Reward & Benefits

• Competitive Package: Fair salary benchmarked against market data, annual discretionary bonus, and 29 days holiday plus bank holidays.
• Health & Wellbeing: Access to Medicash healthcare, mental health first aiders, and a suite of wellbeing resources to support you inside and outside of work.
• Work‑Life Balance: 35‑hour working week for full‑time roles, with flexibility to help you perform at your best.
• Career Growth: Ongoing personal and professional development, we’ll support your ambitions and help you grow your potential.
• Inclusive Culture: Be part of a friendly, values‑led team that genuinely cares about doing the right thing for colleagues and customers.
• Giving Back: Use two paid volunteering days each year to support causes close to your heart, through our Samuel Fox Foundation.
• Sustainability Focus: Join a business committed to reducing its carbon footprint and making a positive impact on the environment.
• Free access to Octopus Money: Financial coaching & tools that help you plan, manage, and make the most of your money.

Embracing Diversity Together

We proudly embrace and celebrate diversity as a fundamental cornerstone of our values. We believe that a diverse and inclusive workplace is not just essential for our success but is also a reflection of the vibrant communities we serve. Our commitment to diversity extends beyond our internal culture to the way we approach advertising and engage with our customers.

Our commitment means actively working to eliminate barriers and biases that may hinder equal opportunities within our organisation. We strive to ensure that all individuals, regardless of background, have an equal chance to thrive and advance in their careers.

We acknowledge that diversity is not just a goal to be achieved but a continuous journey toward creating an environment that embraces differences and promotes equal opportunities for all. We are committed to fostering an inclusive culture that encourages collaboration, creativity, and a sense of belonging for every member of our community.

About Us

We are a mutual, which means we don’t have shareholders. Instead, we’re owned by our members and use our money to do good, investing in our community, responsible causes, and – well, you. So, we’re always striving to do the right thing for our team, communities and members.

Although our history spans over 170 years, our purpose of helping our members save, plan for and protect their financial futures is enduring. At The Nottingham Building Society, we are dedicated to overcoming obstacles and turning challenges into opportunities. At the heart of our mission is our unwavering commitment to breaking down barriers and building better futures by helping our customers achieve the significant milestone of owning their own home.