Description
Somerset Bridge are seeking a Procurement Manager to lead and continuously enhance the organisation’s end‑to‑end procurement framework, ensuring all third‑party engagements align with regulatory requirements, internal governance standards, and commercial best practice.
Application Deadline: 13 March 2026
Department: [SBSS] Procurement
Location: Bristol
Compensation: Up to £60,000 / year
What you'll be responsible for:
* Lead the administration of the procurement process, ensuring all steps are completed accurately and on time.
* Assist the procurement proposer with tracking and oversight of all required steps of the process, including contract review, DPIA, and due diligence.
* Collaborate with all departments involved in the process, including Procurement Requester, Legal, IT, Infosec, and Regulatory Services, to ensure seamless procurement operations.
* Oversee due diligence administration during onboarding and for periodic due diligence updates, ensuring compliance with regulatory requirements.
* Maintain and continually enhance procurement policies, workflows, and systems to align with regulatory expectations and insurance industry best practice, ensuring data accuracy and accessibility.
* Support the procurement proposer with vendor selection and commercial negotiation, providing insights and recommendations to achieve the best outcomes.
* Ensure that all procurement meets organisational standards and fits within the organisational strategies and frameworks.
Risks & regulatory Compliance
* Ensure supplier arrangements meet FCA regulatory frameworks and internal risk standards.
* Act with integrity, adhering to regulatory frameworks set out by the FCA ensuring best possible outcomes for our customers.
* Identify, assess, and escalate procurement‑related risks, contributing to wider operational and enterprise risk management activities.
* Maintain accurate audit trails, documentation, and system records for all supplier interactions.
Cross‑Functional Collaboration
* Work closely with Legal, IT, Information Security, Regulatory Services, Operations, and Finance to ensure seamless procurement processes.
* Provide guidance and training to internal stakeholders on procurement requirements, systems, and compliance obligations.
* Foster strong relationships across the organisation to support efficient and well‑governed supplier engagement.
Continuous Improvement & Strategic Input
* Drive improvements in procurement efficiency, systems capability, and supplier governance maturity.
* Provide insights and recommendations to Head of Legal Services on procurement strategy, emerging risks, and industry trends.
* Champion innovation in supplier solutions that support operational resilience and customer outcomes.
What you’ll need:
Essential Skills:
* Technical knowledge: Prior experience in an equivalent role.
* Organisational skills: Proven ability to manage multiple tasks and priorities effectively.
* Time management: Able to manage own time and workload efficiently to meet deadlines.
* Communication skills: Strong verbal and written communication skills, with the ability to convey information clearly and concisely in various contexts.
* Collaboration: Demonstrated ability to work collaboratively with cross‑functional teams.
* Process‑oriented: Proven experience in following and improving processes to ensure efficiency and compliance.
* MS Office/General IT proficiency: Proficiency in Microsoft Office applications and general IT skills.
Desirable Skills:
* Financial service/regulated industry experience: Experience working in a financial service or regulated industry is advantageous.
* Knowledge of procurement systems.
Our Benefits
* Hybrid working – 2 days in the office and 3 days working from home
* 25 days annual leave, rising to 27 days over 2 years’ service and 30 days after 5 years’ service. Plus bank holidays!
* Discretionary annual bonus
* Pension scheme – 5% employee, 6% employer
* Flexible working – we will always consider applications for those who require less than the advertised hours
* Flexi‑time
* Healthcare Cash Plan – claim cashback on a variety of everyday healthcare costs
* Electric vehicle – salary sacrifice scheme
* 100’s of exclusive retailer discounts
* Professional wellbeing, health & fitness app - Wrkit
* Enhanced parental leave, including time off for IVF appointments
* Religious bank holidays – if you don’t celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
* Life Assurance – 4 times your salary
* 25% Car Insurance Discount
* 20% Travel Insurance Discount
* Cycle to Work Scheme
* Employee Referral Scheme
* Community support day
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