The success of third party relationships is critical to our clients. Our Extended Enterprise Risk Management professionals help maximise the benefits gained from the relationships our clients have with various business partners including:
Our offering enables clients to determine whether there are opportunities to identify non-contractual spend (and recover this money) or increase revenue in the short term, while also focusing on strengthen their relationships in order to achieve long term benefits. Meanwhile, our technology driven approach produces specific, measurable results which enables clients to be very clear as to the financial benefits of our work.
Our work is carried out by one of our two teams, our software team or our more general contract compliance team.
General Extended Enterprise Risk Management
In EERM we perform a huge variety of projects helping our clients with their third party relationships. For example, supplier relationships constitute a significant proportion of the cost base of every organisation. We look for areas where our clients may not be receiving the intended value from the supply chain. Projects may involve analysing the entire process from supplier selection through to purchase and payment, identifying opportunities to deliver financial rewards and improve business operations. We also conduct royalty inspections for some of the world's leading bds and industries such as media, pharmaceuticals, and luxury goods. Our team uses proven methods, including technical analysis, to verify the accuracy of reporting and identifies practices that may have an impact on our clients' brands. One key benefit that often arises is identification of additional revenue, leading to higher profitability. Another service we offer relates to the business value that may be contained within its intellectual property (IP), such as patents, trademarks, designs or know-how. We help clients identify hidden IP within their organisations, consider their protection arrangements and opportunities to exploit these assets.
These are some examples of our common offerings, but in reality the great thing about EERM is the flexibility we can offer our clients when they need assistance with their business partner relationships. We respond to these situations in order to assist them, meaning we are able to tailor each project to the unique needs of our clients.
When you join EERM you will see how we work with some of the largest organisations in the world, across a variety of industries. Our client list includes eminent organisations in technology, mining, media, pharmaceuticals, oil and gas, public sector and charities.
The work you perform will help you develop an understanding of:
the different third party relationships an organisation may have across different industries;
the drivers which affect behaviours of business partners, suppliers and customers; and
the operational processes and controls required by an organisation to effectively monitor its third party relationships.
You will gain exposure to many aspects of the project from understanding the client environment and relationship with the supplier to performing detailed data analysis to understand the areas of supplier non-compliance.
A typical EERM engagement will involve you:
Understanding the nature of the relationship between the client organisation and its extended enterprise, customer base or supply chain;
Performing risk assessments of contract documentation;
Undertaking detailed and comprehensive data analysis which allows us to quantify the financial and operational compliance with the contract;
Acting in a robust manner, with integrity to identify the facts, agree findings with third parties and communicating important issues in a clear, succinct manner;
Supporting the client and potentially the third party through discussions with relevant stakeholders;
Writing reports detailing the financial and operational issues highlighted during our work;
Providing timely and useful feedback that can enhance future relationships and activities, both at our clients and the third parties they interact with.
Working with EERM provides a mixture of working in the office, client sites and visiting third parties' premises, which provides variety and a well-rounded mix of work environments. There is potential that CRC can offer you the chance to work overseas for short periods, in such exotic locations as Ecuador, Brazil, Canada, India, Indonesia, Iraq, Kuwait, Singapore, Russia, China, and sometimes we go to Europe as well!
The EERM team value a healthy work-life balance, and provide ample opportunity to socialise with other members of the team across grades. Social events are democratically selected and are well attended.
EERM prides itself in its commitment towards corporate social responsibility. We are heavily involved in supporting charities, and one key thing we do is collect a donation from anyone dressed down on a Friday. In addition, our staff are members of and independently support charities across the firm.
The EERM talent team also implements a 'Community Investment' day, where team members can volunteer by undertaking activities that help the local community. Examples of past days have been, painting a school, planting trees and even charity sports tournaments.
On the social side, Deloitte have numerous internal networks/communities everyone can be a part of. These groups arrange outings throughout the UK and even Europe, a favourite one is the Deloitte Sailing Regatta.
Our professionals work in both small and large teams for all projects and therefore it is absolutely vital that applicants are able to be strong team players as well as possessing previous experience working with third parties. It is also essential to have good communication skills, as well as a confident and professional demeanour when dealing with clients and colleagues.
Applicants need the ability to adopt a pragmatic approach to dealing with situations where confidentiality is important or where our work is of a sensitive nature. Helping maintain our client's good relationships is integral to our business.
Successful applicants will have the ability to learn fast and deliver quality work under pressure. They will produce key client work upon joining the firm. Candidates should have an agile and analytical mind and enjoy problem solving. Therefore applicants must be highly organised, with the ability to review their own work critically.
The candidate will have a deep understanding of third party risk management processes and controls, ideally gained through working for, or working with, complex, global organisations which work with a range of third parties operating in high risk environments (e.g. high anti bribery and corruption risk).
The candidate will also have experience of being able to provide advice on procurement best practices, including category management planning, supplier risk assessment, supplier selection, contracting and on-going supplier risk management.
The candidate may also possess a procurement related qualification (e.g. CIPS).
We are Risk Advisory
In a constantly evolving, complex risk environment, our market leading Risk Advisory professionals are trusted by organisations across the globe to support them in understanding, evaluating and mitigating risk.
Our clients demand industry experts who understand their challenges intimately and with whom they can build trusted relationships. They choose us because we provide bespoke solutions that deliver the power of Deloitte, bringing together: people they respect and enjoy working with; innovative technology; and an approach that allows them to make informed and intelligent risk decisions.
Our expertise spans all areas and sectors including technology risk, governance, internal audit, regulatory compliance, risk analytics, public sector and managed services. As a member of the team, you will work with inspiring, ambitious and supportive people who have diverse and extensive skills, experience and backgrounds. A move to Risk Advisory will help you to build a rewarding and balanced career.
Deloitte offers integrated services that include Audit and Risk Advisory, Tax, Consulting and Financial Advisory. Our approach combines insight and innovation from multiple disciplines with global business and industry expertise to help our clients excel anywhere in the world.
We deliver outstanding impact on the reputation and success of our clients, in the UK and globally. In pursuing this we contribute to a sustainable and prosperous society, and are firm believers in the positive impact business can and should have on the world it operates within.
At Deloitte we foster a collaborative culture where talented individuals can produce their best work. We value innovative thinking, diverse insights and a genuinely distinctive level of customer service through our expertise and professionalism.
We value difference, with respect at the heart of our inclusive culture. We are open to discussing with candidates the different ways in which we are able to support agile working arrangements. We recognise that our people are juggling demanding careers with commitments and interests outside of work.
Hear from some of our people already working at Deloitte in agile ways.
We are proud to have received a special award for Best Innovation for our WorkAgility Time Out programme in the 2015 Top Employers for Working Families awards.
Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and registered office at 2 New Street Square, London, EC4A 3BZ. Deloitte LLP is the United Kingdom affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities.