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Onyx Capital Group was founded, by traders, on the principles of expertise, vision and excellence. Our ambition extends beyond market leadership - we strive to create a distinct, forward-thinking franchise that consistently challenges industry norms. We recognise that success is driven by an uncompromising pursuit for excellence, and this is reflected in our people and investment in cutting-edge technology.
Over the past eight years, the company has experienced rapid growth, evolving into a global player across the full spectrum of energy derivative products, and expanded internationally. For the period ending 31 December 2024, Onyx reported revenues of £247 million and achieved an EBITDA of £44 million, and has a presence in four locations (London, Dubai, Singapore and Zug).
We are currently seeking a motivated Procurement Manager to assist with value-driven procurement to support our continued growth and operational excellence.
The importance of the role:
Jointly reporting to the Head of Strategic Finance and Head of Tax, this role will be pivotal in sourcing and optimising the value of goods (e.g. office, data & subscriptions, etc.) and services (e.g. consultants, financial products, etc.) used across the firm.
The role also offers a unique opportunity to shape the future of procurement strategy and governance across a global organisation. The successful candidate will bring both strategic procurement expertise and a hands-on approach to vendor and contract management, operating effectively within a regulated environment.
Primary responsibilities
* Conduct value-for-money reviews on existing subscriptions, contracts and purchases to challenge, maximise value and/or reduce spend where appropriate
* Develop and implement a procurement strategy, policies and controls that ensure regulatory compliance, tax efficiency and alignment with group objectives
* Own and manage the procurement pipeline, including tracking contract expirations in anticipation of renegotiations, changes in scope/providers and obtaining new quotes
* Research and identify the optimal mix of products/suppliers on value, delivery and quality
* Lead tenders, evaluate bids and make recommendations based on commercial and value factors
* Negotiate and formalise contracts - liaising with suppliers and internal teams (e.g. trading, advisory, support functions, etc.)
Secondary responsibilities
* Forecast price trends and their impact on future activities
* Build and maintain good relationships with new and existing suppliers
* Develop strategies to achieve or exceed cost savings and supplier performance targets
* Analyse procurement related data to produce regular reports on savings and spend metrics
* Support logistics and tax planning relating to global procurement
Requirements
* Proven experience in procurement, ideally within financial services
* Strong knowledge of UK procurement regulations, frameworks and procedures
* Expertise in tendering, contract negotiation and supplier relationship management
* Ability to build cross-functional relationships across all levels within the organisation, including but not limited to the finance, tax and legal functions
* Chartered Institute of Procurement & Supply (CIPS) qualified or working towards a recognised procurement accreditation is desirable
Benefits
* A competitive base salary and performance-linked bonus structure
* Pensions scheme, private medical insurance and life assurance
* Opportunity to shape and scale a key function with support from cross-functional teams and exposure to senior leadership
* A high-calibre, entrepreneurial team environment where innovation, agility and accountability are valued
This role is fully office-based, 5 days per week.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Other
Industries
* IT Services and IT Consulting
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