Job Description
What is the opportunity?
We are seeking a detail-oriented and strategic Procurement Operations Manager to lead procurement activities within our banking operations. This role is critical in ensuring the efficient acquisition of goods and services, maintaining regulatory compliance, and supporting vendor risk management. The ideal candidate will have experience in operational procurement within financial services, strong knowledge of regulatory frameworks, and a commitment to operational excellence.
What will you be doing?
* Oversee procurement operations across the bank, ensuring alignment with internal policies and external regulatory requirements (e.g., FCA, PRA).
* Manage the end-to-end procurement lifecycle, including sourcing, contract negotiation, purchase order management, and supplier performance.
* Collaborate with compliance, legal, risk, and finance teams to ensure procurement practices meet audit and regulatory standards.
* Maintain and enhance procurement systems and tools (iValua, Oracle, Market Data tool - Optimise), ensuring data integrity and process automation.
* Develop and implement procurement strategies that support cost optimization, risk mitigation, and service quality.
* Lead supplier due diligence and onboarding processes, including financial stability checks and compliance with third-party risk management policies.
* Monitor procurement KPIs and prepare reports for senior management and regulatory bodies as required.
* Support internal audits and external regulatory reviews related to procurement and third-party management.
What do you need to succeed?
* A minimum of 5+ years procurement experience, preferably within banking or financial services.
* Strong understanding of procurement regulations and third-party risk management in the financial sector.
* Experience with procurement systems (e.g., SAP, Oracle, Coupa) and contract lifecycle management tools.
* Excellent negotiation, analytical, and stakeholder management skills.
* Professional certifications such as CIPS, CPSM, or equivalent are highly desirable.
In addition to the great opportunity outlined above we are also currently able to offer:
* Competitive starting salary, plus discretionary bonus
* Non-contributory pension
* 27 days’ annual leave
* Core working hours*
* Hybrid working - office and home based*
* Virtual GP
* Wellbeing benefits, including Mental Health Allies and First Aiders
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