About Chetwood Financial Bank:

We’ve been challenging the way financial services firms should operate ever since our

launch back in 2016.

From day one, we’ve been focused on helping customers underserved by the mainstream

banks, creating highly targeted products to meet their specific needs. Today, we focus on mortgage and savings products. We understand real people and their real lives, and our simple, clear approach is designed to help customers make sense of their money. We work hard to make sure customers get the quick and helpful support they need

in the moments that matter, when they matter.

We’re a secure, stable, and well-funded bank backed by a large investor. We generate funding using retail deposits through our savings brand, SmartSave.

The Material Outsourcing Manager is a pivotal role within our Third Party Management team, responsible for overseeing and managing the bank's, (Chetwood Financial), Material Outsourcing and Critical & Important arrangements with our major suppliers. This role ensures that all material outsourcing activities and other regulatory requirements comply with our regulatory commitments and align with the bank’s strategic objectives.

Key

Responsibilities:


Vendor Management: Develop and maintain strong relationships with key external vendors, ensuring they meet contractual obligations and performance standards.

• Risk Management: Identify, assess, and mitigate risks associated with outsourcing activities, ensuring compliance with regulatory guidelines and internal policies.
• Contract Negotiation: Lead negotiations for new contracts and renewals, ensuring favourable terms and conditions that protect the bank’s interests.
• Performance Monitoring: Implement and oversee performance metrics to monitor vendor service levels, quality, and compliance. Conduct regular reviews and audits to ensure continuous improvement.
• Stakeholder Collaboration: Work closely with internal stakeholders, including Legal, Compliance, Risk, and IT, to ensure alignment and support for outsourcing strategies.
• Regulatory Compliance: Stay updated on regulatory changes affecting outsourcing activities and ensure all outsourced services comply with relevant laws and guidelines.
• Strategic Planning: Contribute to the development of the bank’s outsourcing strategy, identifying opportunities for cost savings and operational efficiencies.

Qualifications:

Bachelor’s degree in Business, Finance, or a related field; advanced degree or certifications,

(e.g., CIPS, PMP) preferred.

• Extensive experience in vendor management, procurement, or third-party risk management,

ideally within the financial services sector.

• Strong understanding of regulatory requirements related to outsourcing in the banking industry.
• Excellent negotiation, communication, and interpersonal skills.
• Proven ability to manage multiple priorities and work effectively in a fast-paced environment.
• Strategic thinking and problem-solving abilities.
• Strong analytical skills with attention to detail.
• Proficiency in contract management and procurement software.
• Ability to lead cross-functional teams and drive collaborative efforts.

Chetwood Benefits:

• Competitive salary
• 25 days holiday PLUS your BIRTHDAY off
• Pension contribution with Royal London
• Life Assurance
• Private medical, dental and optical health insurance with Axa
• Hybrid working - Wrexham or Central London
• Free breakfast available

Data Protection

We anticipate that we will retain your data as part of the recruitment process for no longer than is necessary for the purpose for which it was collected unless we have sought your consent to keep your data for future suitable job vacancies. Chetwood Financial Ltd does not accept speculative or unsolicited CVs from Recruitment Agencies.

*Any unsolicited CVs received will be treated as the property of Chetwood Financial and Terms & Conditions associated with the use of such CVs will be considered null and void.