Business Unit: Customer Operations
Salary Range up to £65,000 DOE + red-hot benefits
Location: UK Remote with occasional travel to hubs or third-party sites
Contract Type: Permanent

Be a change maker with more cha-ching. Live a life more Virgin.

Our Team

You’ll be part of a small team who manage print and mail of letters and statements as well as inbound mail processing and record archival on behalf of all areas across the bank.  These activities are outsourced across four third-party relationships and this role is responsible for the management of those relationships.    As part of that, you’ll need to comply with the standards set out by Virgin Money and will also need to bring your own experience and thought leadership to drive the right activity to appropriately manage the risks.  You can follow established processes, but you also know that that’s not enough – and can evidence your track record in raising the bar and making a real difference

What you’ll be doing

This is not a Sales or Business development role.  Instead, you’ll have both direct and line management responsibility across 4 suppliers to:

• Ensure that the suppliers are always managed in line with the VM supplier management framework and policy.  In addition, you’ll be responsible for driving additional activity that appropriately manages the supplier and service risks.
• Identify and manage key third party risks – including the design, operation and testing of effective controls
• Use  tools such as Exit Plans, Disaster Recovery Plans Contingency Plans to appropriately protect and ensure resilience of the services.  Engaging stakeholders to ensure that associated risks are appropriately managed
• Develop and implement supplier strategies to help meet the ambitions of the wider business
• Escalate and resolve issues between the VM business and the third parties – including acting as a senior point of escalation where required
• Host regular governance meetings – actively managing the relationship to ensure services are delivered safely and in line with business and contractual requirements and ensuring service performance meets or exceeds business needs
• Manage the contract – ensuring that rights and obligations are actively managed and that the contract is updated in line with changing requirements
• Engage with key internal stakeholders and reporting routines to provide insights and agree action plans
• Verify invoice pricing and identify financial threats and opportunities related to the services
• Engage in Continuous Improvement activity – identifying and supporting the implementation of opportunities to improve efficiency and effectiveness and / or reduce cost

We need you to have

• Deep understanding of third-party (and fourth party) risks and how to effectively manage them, developed through extensive experience in a senior Third Party Management or Third Party Oversight role
• Third Party Management experience should be at depth across a limited number of third parties
• Experience gained within a heavily regulated environment like Financial Services
• Experience of contract negotiation and management – proactively using and evolving the contract to meet business needs
• Excellent communication skills with the ability to engage and influence decision makers
• Critical thinking mindset – curious about the “why”, with the ability to demonstrate successfully challenging the status quo.  Knows that “ticking the box” isn’t enough

It’s a bonus if you have but not essential

• Experience of print and mail operations delivered via third parties
• Ability to critically analyse data to create and agree actions
• Experience managing a small team

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
• Up to five extra paid well-being days per year​. 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with.  We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.