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- Tasks: Become the go-to person for managing vendor relationships and contracts.
- Company: Join a leading global hedge fund with a strong market presence.
- Benefits: Enjoy a competitive salary, significant bonuses, and top-notch benefits.
- Why this job: Work on exciting projects, improve processes, and collaborate with diverse teams.
- Qualifications: 2-5 years in data or procurement; strong communication skills required.
- Other info: Opportunity for growth and ownership of key vendor relationships.
The predicted salary is between 52000 - 68000 £ per year.
My client, a global, market leading hedge fund, are looking to make a high priority, newly created hire for their London based Vendor Management team. The hire will be trained to take on a global remit and act as a main point of contact and chief liaison between the fund and 3rd party software and technology providers (a selection of which he/she will eventually go on to take ownership for).
The role will sit in a centralized vendor management function based in London, but will have coverage of vendor management and IT procurement across all jurisdictions that the fund operates in. The individual hired into this role will be working with teams across the entire fund including investment team heads / traders, technology, compliance and business management.
You will actively work with key stakeholders internally and externally on managing contracts (renewals, adjustments and negotiations), building relationships with and onboarding new software vendors and help improve BCP and connectivity for employees in all jurisdictions.
This role will include project work whereby you will be working on constant process improvement, mapping potential changes in market vendors and leading the process of implementing new software/technology to be used by teams across the fund.
Ideal candidates should have 2-5 years of experience working in ‘data’ or procurement. Any experience with 3rd party vendor relationship management, IT procurement, contract renewals or licensing is advantageous. Very strong communication, presentation and stakeholder engagement skills are crucial. It would be helpful for a candidate to have a degree / solid academics in a relevant field.
My client are budgeting a year one £65-85k base salary (essentially ensuring that the successful hire will have a very attractive step up on his/her current base salary) + a significant bonus percentage for a top performer. The firm offer one of the best benefits packages in the London hedge fund space.
Contact Detail:
Mondrian Alpha Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Analyst - Global Hedge Fund - 65-85k base + Large Bonus
✨Tip Number 1
Familiarise yourself with the hedge fund industry and its specific procurement processes. Understanding how vendor management works in this sector will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals already working in procurement roles within hedge funds. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your negotiation skills, as this role involves managing contracts and vendor relationships. Consider role-playing scenarios with friends or colleagues to build confidence.
✨Tip Number 4
Research the specific software and technology providers that the hedge fund collaborates with. Being knowledgeable about these vendors can help you stand out as a candidate who is proactive and well-prepared.
We think you need these skills to ace Procurement Analyst - Global Hedge Fund - 65-85k base + Large Bonus
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in procurement, vendor management, and IT procurement. Use specific examples that demonstrate your skills in contract negotiations and stakeholder engagement.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the hedge fund industry and your enthusiasm for the role. Mention any specific experiences that align with the job description, particularly in managing vendor relationships and process improvements.
Highlight Communication Skills: Since strong communication and presentation skills are crucial for this role, provide examples in your application that illustrate how you've successfully engaged with stakeholders or led projects in the past.
Showcase Relevant Education: If you have a degree in a relevant field, make sure to mention it prominently in your application. If you have any additional certifications related to procurement or vendor management, include those as well.
How to prepare for a job interview at Mondrian Alpha
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Procurement Analyst in a hedge fund setting. Familiarise yourself with vendor management, contract negotiations, and IT procurement processes, as these will be key topics during your interview.
✨Showcase Your Communication Skills
Since strong communication and stakeholder engagement skills are crucial for this role, prepare examples that demonstrate your ability to effectively liaise with various teams and external vendors. Practice articulating your thoughts clearly and confidently.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities and how you handle vendor relationships. Think of past experiences where you successfully managed contracts or improved processes, and be ready to discuss them in detail.
✨Research the Company and Industry
Do your homework on the hedge fund and its position in the market. Understanding their business model, recent news, and industry trends will not only impress your interviewers but also help you tailor your responses to align with their goals.
