Job Description
Solvd Group (Solvd) is a dynamic and growing organization who's mission is to automate the end-to-end motor claims management process by integration of the best-in-class digital and AI-supported tools available in the market. We pride ourselves on delivering excellence through innovation, collaboration, and expertise. With a global presence, Solvd operates in over 45 countries and employs more than 3,700 dedicated professionals worldwide.
We are looking for a dynamic and experienced Head of Procurement and Third Party Risk Management (TPRM) to lead our strategic sourcing initiatives and ensure robust risk management practices with third-party vendors. Join us in shaping sustainable and secure supply chain processes that drive our success!
Job Summary
The Head of Procurement and TPRM will lead and manage the strategic sourcing, procurement, and third-party risk management functions to drive operational efficiency, cost-effectiveness, and risk mitigation. This leader will collaborate with cross-functional teams to develop and implement comprehensive procurement and risk management strategies that align with organizational goals and regulatory requirements.
Key Responsibilities
Procurement Leadership
- Develop and execute a procurement strategy to obtain external services at optimal cost and quality.
- Lead end-to-end procurement processes, including supplier selection, contract negotiation and management as well as vendor performance management.
- Drive cost-saving initiatives while maintaining quality and compliance standards.
- Build and maintain strong supplier relationships to ensure reliability and innovation in the supply chain.
- Consolidate vendor pool across all Solvd portfolio companies.
- Establish procurement control framework and ensure proper sourcing activity and contract reporting.
Third-Party Risk Management (TPRM)
- Identify, assess, monitor, and mitigate risks associated with third-party vendors.
- Collaborate with legal, compliance, privacy, and IT teams to ensure third-party compliance with regulatory requirements and internal policies.
- Conduct regular due diligence and risk assessments according to company policies.
- Establish KPIs and reporting mechanisms to monitor third-party performance and risk levels effectively.
- Address and remediate vendor risk issues promptly and in line with organizational standards.
- Partner with senior leadership to align procurement and TPRM strategies with company priorities.
Qualifications and Skills
- Experience from large organization with geographical spread, preferably from insurance or similar industry.
- Knowledge of procurement best practices, risk management frameworks.
- Experience with driving cost efficiencies, enhancing supplier relationships, and mitigating third-party risks.
- Excellent negotiation, problem-solving, and decision-making skills.
- Strong leadership and team management abilities.
- Exceptional communication and interpersonal skills, with the ability to influence and engage stakeholders at all levels.
- Preferably experience with delivery of IT services leveraging on modern technology stacks (e.g. cloud, GenAI, …)
- Experience with procurement and TPRM tools and technologies is a plus.
Our benefits
- A highly talented, dynamic, and international team
- Opportunity to make an impact in a global company
- Flexible working arrangements
- Health & well-being offerings
- Company pension & health insurance
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