Head of Supplier and Third Party Risk

2 weeks ago

Brisbane, Queensland, Australia Great Southern Bank (Formerly CUA) Full time

Head of Supplier and Third-Party Risk
Great Southern Bank is seeking a new Head of Supplier and Third-Party Risk to join the organisation.

Reporting to the Chief Operations Officer, you will be responsible for driving excellence in procurement practices and oversee the management of third-party relationships, ensuring the efficiency, effectiveness and compliance of our organisation's procurement and third-party management processes.

You will also be responsible for overseeing and managing the risk associated with our suppliers and third-party relationships, ensuring the security, compliance, and resilience of our organisation's supply chain.


Your Responsibilities:

  • Develop and execute a comprehensive procurement strategy aligned with the organisation's goals and objectives, optimising sourcing strategies, vendor selection, and contract negotiations to drive value and mitigate risks.
  • Establish and maintain robust policies, standards, procedures, and guidelines for third party management (including procurement) and for assessing, mitigating, and monitoring third-party risks throughout their lifecycle.
  • Establish and nurture strong relationships with key suppliers, fostering collaboration, innovation, and continuous improvement, while ensuring adherence to contractual obligations and performance metrics.
  • Lead efforts to streamline and enhance procurement processes and workflows, leveraging technology, partners, and best practices to drive efficiency, reduce costs, and improve agility.
  • Develop and implement robust processes and controls for assessing, monitoring, and mitigating risks associated with third-party relationships, ensuring compliance with regulatory requirements and industry standards.
  • Oversee the end-to-end contract management process, from drafting and negotiation to execution and renewal, ensuring contracts are structured to mitigate risks and maximize value for the organization.
  • Ensure compliance with relevant laws, regulations, and internal policies governing procurement and third-party relationships, conducting regular assessments to identify and address any compliance gaps.

About you:

  • Proven experience (10+ years) of working experience in financial services, third party risk, procurement, strategic sourcing, vendor management or a related function.
  • Extensive experience (minimum 10 years) in leading teams and managing multiple projects, with a focus on business strategy and optimisation.
  • Strong understanding of procurement best practices, contract management principles, and third-party risk management frameworks.
  • Demonstrated experience in designing and implementing effective governance frameworks/models in a financial institution.
  • Experience with procurement technology solutions (e.g. e-procurement systems, contract management software, etc.) preferred.
  • In-depth knowledge of relevant regulatory requirements and industry standards (e.g. CPS230, ISO20400, NIST etc.)
  • Relevant certifications (e.g. CSCP, CRISC, CTPRP, etc.) preferred.

A little bit about us...

For over 75 years, we've been putting our customers first, and today we look after the financial needs of more than 380,000 Australians.

We have recently changed our name from CUA to Great Southern Bank but we remain customer-owned and firmly focused on helping all Australians own their own homes.

We're ambitious and as we continue to grow, we are investing significantly in technology, products, and people.

We have a culture that's fun, approachable, and supportive - allowing our team members to be their best every day, whether that's at work or at home.


We're hugely excited about the journey ahead and are looking for talented and enthusiastic people who want to be part of a winning customer team.

If you are motivated, energetic, and dedicated to helping our customers achieve the great Australian dream, we want to hear from you

At Great Southern Bank, we're committed to building a strong, inclusive and diverse workplace, where people feel a sense of belonging, are valued, connected and respected. We value diverse backgrounds, cultures, abilities, ideas and experiences; recognising the benefits they bring to our work, our communities and the way we help our customers. We support and promote an inclusive culture through flexible ways of working, collaboration, fair and equitably decision making that empowers our people to be at their best every day.
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