Procurement Manager
Salary: c£65k (DOE) + bonus & benefits
Location: Edinburgh, Glasgow or Newcastle (hybrid 1-2 days per week in the office)
Type: Permanent
We’re working with a leading financial services organisation to recruit an experienced Procurement Manager. This role sits within a highly regulated environment and works closely with senior stakeholders to manage supplier strategy, onboarding, and ongoing governance.
You’ll play a key role in ensuring suppliers are selected, onboarded, and managed in line with FCA and PRA regulatory requirements, while delivering strong commercial value to the business.
This is a fast-paced opportunity suited to someone with strong procurement experience in financial services or insurance, who can manage multiple priorities and operate confidently across a complex stakeholder landscape.
Key Responsibilities
* Align procurement activity with wider business and regulatory objectives
* Lead sourcing activity, including RFP processes and supplier selection
* Manage end-to-end contract lifecycle, including onboarding, renewals, and exits
* Ensure all third-party suppliers are compliant with FCA/PRA requirements and internal governance frameworks
* Support and deliver robust supplier onboarding processes, including due diligence and risk assessments
* Build and maintain strong relationships with key internal stakeholders and external suppliers
* Oversee contract management activity, including performance, risk, and compliance monitoring
* Drive cost savings through effective negotiation and sourcing strategies
* Monitor and report on savings targets and procurement performance
* Identify and escalate risks associated with supplier relationships
* Support procurement governance, reporting, and continuous improvement initiatives
Key Requirements
* Proven experience managing procurement activity within Financial Services or Insurance
* Strong understanding of FCA and PRA regulations, particularly in relation to third-party onboarding and supplier risk management
* Experience leading complex RFP processes with Tier 1 suppliers
* Category experience across professional services and/or claims supply chain preferred
* Experience supporting underwriting and/or claims functions advantageous
* CIPS qualification (or working towards) preferred
* Strong commercial acumen and negotiation skills
* Experience managing supplier relationships, performance, and risk
* Ability to manage multiple priorities in a fast-paced, regulated environment
* Experience working within large, complex organisations
* Excellent stakeholder engagement and communication skills
* Strong analytical capability, including interpreting financial data to inform decisions
What You’ll Bring
* A collaborative approach and ability to influence at all levels
* A results-driven mindset with a focus on delivering value and compliance
* Strong judgement and problem-solving capability
* A proactive approach to risk and regulatory adherence
* Commitment to continuous improvement and best practice