Third-Party Contract Risk Oversight Lead – HR

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. 

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

Third-Party Contract Risk Oversight Lead – HR

The Third-Party Contracts Lead plays a key role in overseeing supplier relationships within the HR function. This role is responsible for collaborating with relationship managers to ensure  compliance with regulatory standards and internal policies. Acting as a subject matter expert, the role supports the embedding of best practices in third-party risk management across HR.

Key Responsibilities

Risk & Performance Management

• Liaises with Third party relationship managers and owners, ensuring delivery against pre and post contractual commitments and service level agreements.
• Support Third-Party Arrangement Managers and Owners with performance and risk reporting, ensuring alignment with legal, regulatory, and internal control requirements.
• Support regular supplier reviews where required
• Management of Fleet contract to ensure performance against SLA’s
• Ensure compliance with M&G’s Third Party Risk Management policies and procedures
• Build strong relationships with all relevant stakeholders and SMEs within the Risk and Compliance (second line) function
   

Contract & Documentation Management

• Monitor supplier spend against budget, ensuring financial discipline and value delivery.
• Oversee the timely and accurate processing of supplier invoices where required
• Identify opportunities for reducing supplier base across the global function to drive cost optimisation and contract efficiencies.

• Maintain a centralised inventory of HR contracts and supporting documentation.
• Ensure all records are current, accessible, and audit-ready.

Reporting & Insights

• Prepare and deliver insight reports and MI to governance committees and senior stakeholders.
• Highlight key risks, performance trends, and compliance issues.

Subject Matter Expertise

• Act as HR’s (1b line) expert on third-party risk management frameworks and best practices
• Promote awareness and understanding of third-party policies across the function.
• Provide training and guidance to internal teams.

Skills & Experience Required

• Proven experience in supplier risk management
• Strong influencing and negotiation skills with the ability to engage stakeholders at all levels.
• Ability to balance risk, compliance, and value delivery.
• Resilience and adaptability in a fast-paced, dynamic environment.
• Excellent presentation and communication skills.
• Strong analytical and problem-solving capabilities.
• Self-starter with a proactive approach to identifying and resolving issues.

Work Level: Manager/Expert
Recruiter: Martyn Jack
Location: Stirling

What we offer:

At M&G, we’re committed to helping you thrive and supporting your wellbeing, both at work and beyond. Our benefits are designed to help you balance your professional and personal life, while planning confidently for your future. Our UK benefits include:

• As a savings and Investments firm we are proud to offer a valuable pension scheme of 18%, with 13% made up of Employer Contributions and 5% Employee Contributions. We also offer Share Save and our Share Incentive Plan, together with access to financial wellbeing and support services - to help give you real confidence to put your money to work.

• Enjoy 38 days annual leave including bank holidays, with the opportunity to purchase up to 5 extra days and additional flexibility through our Time Off When You Need It policy – to balance your work and personal commitments.  

• Our market leading Inspiring Families policy includes comprehensive support and paid parental leave covering maternity, adoption, surrogacy, and paternity leave - as supporting families is a core aspect of our inclusive culture.

• Health & Protection cover including Private Healthcare, Critical Illness cover and Life Assurance for you, with family options - for peace of mind.

To explore more about life at M&G and our full benefits offering, visit Life at M&G

We have a diverse workforce and an inclusive culture at M&G, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

M&G is also proud to be a Disability Confident Leader, and we welcome applications from candidates with long-term health conditions, disabilities, or neuro-divergent conditions. 

If you need assistance or an alternative means of applying for a role due to a disability or additional need, please let us know by contacting us at: careers@mandg.com