At a Glance
- Tasks: Drive commercial strategies and collaborate with tech stakeholders to deliver impactful solutions.
- Company: Join a dynamic team at the Bank of England, committed to innovation and inclusivity.
- Benefits: Enjoy competitive salary, flexible working, and a comprehensive benefits package.
- Other info: Embrace a culture of diversity and growth with excellent career advancement opportunities.
- Why this job: Make a real difference in technology procurement while developing your career in a supportive environment.
- Qualifications: Experience in commercial management and strong communication skills are essential.
The predicted salary is between 46320 - 52110 £ per year.
Are you a talent and driven Commercial Category manager seeking a new and exciting opportunity in a dynamic and supportive Commercial Team.
This role is part of the high performing and best in class Technology commercial business partnering team enabling stakeholders to deliver commercial activity from the standard Hardware & software commercial activities to negotiating with key suppliers to drive continuous improvements in a dynamic, fast paced and positive working environment.
Delivering value is at the heart of our commercial mission and we need you.
You will be responsible for
- Delivering end to end commercial support to the Commercial business partner including but not limited to maintaining a comprehensive procurement pipeline.
- Working with technology stakeholders to agree & prioritise commercial activity alongside the Commercial Business ensuring optimum collaboration and delivery.
- Supporting the Commercial Business Partner to deliver end-to-end sourcing as defined and agreed within the procurement pipeline, including facilitating (where necessary) workshops to agree sourcing strategies and requirements building.
- Following the agreed governance process working cross functionally to resolve commercial matters.
- Working with Finance to identify and realise benefits within both procurements and awarded contracts.
- Supporting the Commercial Business Partner to embed effective risk management.
- Making efficient and consistent use of e Procurement systems.
- Supporting the Commercial Business Partner with the development of commercial competencies in your business area, through regular engagement and formal training.
- Driving sustainability in the category, working closely with Subject Matter Specialists to identify opportunities.
- Identifying and driving savings and efficiencies.
- Maintaining commercial trackers including but not limited to: waivers, savings, project pipelines, contract records and sourcing events on the Procurement e-portal.
- Ensuring information flows (e. g. supplier intelligence) and communication channels between Procurement and the business are maintained.
- Working with the Commercial Delivery team to ensure supplier and contract management standard methodology is implemented in line with the Bank's framework!
- Experience of building a robust commercial pipeline of activity, including identifying routes to market and opportunities
- Experience of running or supporting the delivery of technology procurements
- Experience of PCR-level public procurement, including using public-sector frameworks
- Experience of working across whole project life cycles in a fast-paced, customer-focused environment
- Strong experience of managing a pipeline of commercial activity, delivering innovative commercial solutions through strategic sourcing techniques within the Technology category
- Strong customer engagement skills, working collaboratively to deliver shared objectives and optimum value
- Strong communication skills, with the ability to build rapport and establish constructive relationships
- Demonstrable organisational, planning and time management capability to deliver against priorities
- Ability to manage multiple projects simultaneously in a dynamic environment
- Self-motivated, with the ability to work both independently and as part of a team
- MCIPS qualification (or working towards)
- Commercial Category Manager
Job description
Are you a talent and driven Commercial Category manager seeking a new and exciting opportunity in a dynamic and supportive Commercial Team.
This role is part of the high performing and best in class Technology commercial business partnering team enabling stakeholders to deliver commercial activity from the standard Hardware & software commercial activities to negotiating with key suppliers to drive continuous improvements in a dynamic, fast paced and positive working environment.
Delivering value is at the heart of our commercial mission and we need you.
You will be responsible for
- Delivering end to end commercial support to the Commercial business partner including but not limited to maintaining a comprehensive procurement pipeline.
- Working with technology stakeholders to agree & prioritise commercial activity alongside the Commercial Business ensuring optimum collaboration and delivery.
- Supporting the Commercial Business Partner to deliver end-to-end sourcing as defined and agreed within the procurement pipeline, including facilitating (where necessary) workshops to agree sourcing strategies and requirements building.
- Following the agreed governance process working cross functionally to resolve commercial matters.
- Working with Finance to identify and realise benefits within both procurements and awarded contracts.
- Supporting the Commercial Business Partner to embed effective risk management.
- Making efficient and consistent use of e Procurement systems.
- Supporting the Commercial Business Partner with the development of commercial competencies in your business area, through regular engagement and formal training.
- Driving sustainability in the category, working closely with Subject Matter Specialists to identify opportunities.
- Identifying and driving savings and efficiencies.
- Maintaining commercial trackers including but not limited to: waivers, savings, project pipelines, contract records and sourcing events on the Procurement e-portal.
- Ensuring information flows (e. g. supplier intelligence) and communication channels between Procurement and the business are maintained.
- Working with the Commercial Delivery team to ensure supplier and contract management standard methodology is implemented in line with the Bank's framework!
- Experience of building a robust commercial pipeline of activity, including identifying routes to market and opportunities
- Experience of running or supporting the delivery of technology procurements
- Experience of PCR-level public procurement, including using public-sector frameworks
- Experience of working across whole project life cycles in a fast-paced, customer-focused environment
- Strong experience of managing a pipeline of commercial activity, delivering innovative commercial solutions through strategic sourcing techniques within the Technology category
- Strong customer engagement skills, working collaboratively to deliver shared objectives and optimum value
- Strong communication skills, with the ability to build rapport and establish constructive relationships
- Demonstrable organisational, planning and time management capability to deliver against priorities
- Ability to manage multiple projects simultaneously in a dynamic environment
- Self-motivated, with the ability to work both independently and as part of a team
- MCIPS qualification (or working towards)
- Minimum Criteria
- Experience of building a robust commercial pipeline of activity, including identifying routes to market and opportunities
- Experience of running or supporting the delivery of technology procurements
- Experience of PCR-level public procurement, including using public-sector frameworks
- Experience of working across whole project life cycles in a fast-paced, customer-focused environment
Essential Criteria
- Strong experience of managing a pipeline of commercial activity, delivering innovative commercial solutions through strategic sourcing techniques within the Technology category
- Strong customer engagement skills, working collaboratively to deliver shared objectives and optimum value
- Strong communication skills, with the ability to build rapport and establish constructive relationships
- Demonstrable organisational, planning and time management capability to deliver against priorities
- Ability to manage multiple projects simultaneously in a dynamic environment
- Self-motivated, with the ability to work both independently and as part of a team
Desirable Criteria
- MCIPS qualification (or working towards)
- Our Approach to Inclusion
The Bank values diversity, equity and inclusion.
We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work.
We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status.
We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns.
We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month.
Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we're proud to be a member of the Disability Confident Scheme.
If you wish to apply under this scheme, you should check the box in the 'Candidate Personal Information' under the 'Disability Confident Scheme' section of the application.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
The salary ranges on offer are
- In addition, we also offer a comprehensive benefits package as detailed below:
- Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked.
There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) in exchange for salary through our flexible benefits programme each year.
The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
- A discretionary performance award based on a current award pool.
- An 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
- 26 days' annual leave with option to buy up to 12 additional days through flexible benefits.
- Private medical insurance and income protection.
- National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy.
Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank's Privacy Notice.
The Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance.
As such, our ability to employ individuals who require sponsorship for immigration purposes is limited.
The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful.
Eligibility will therefore be considered on a case by case basis.
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Commercial Category Manager (Technology) in Procurement employer: Bank of England
As an employer, the Bank offers a dynamic and inclusive work environment in Belfast, Northern Ireland, where employees are encouraged to engage with local businesses and contribute to impactful policy discussions. With competitive salaries, a robust pension scheme, and generous leave options, the Bank prioritises employee well-being and professional growth, making it an excellent choice for those seeking meaningful careers in public service. The commitment to diversity and inclusion further enhances the workplace culture, ensuring that all voices are heard and valued.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Category Manager (Technology) in Procurement
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Bank of England.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Commercial Category Manager (Technology) in Procurement
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Bank of England:Your cover letter should read like you’re chatting directly to Bank of England. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Bank of England.
How to prepare for a job interview at Bank of England
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Bank of England!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Bank of England. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Bank of England's culture.
