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- Tasks: Develop procurement strategies and manage the full procurement process.
- Company: Join the prestigious Bank of England with a focus on innovation.
- Benefits: Competitive salary, generous leave, private medical insurance, and flexible benefits.
- Why this job: Make a real impact in procurement while driving sustainability and innovation.
- Qualifications: Experience in procurement, strong stakeholder management, and excellent communication skills.
- Other info: Diverse and inclusive workplace with opportunities for career growth.
The predicted salary is between 39300 - 44200 ÂŁ per year.
Join to apply for the Procurement Commercial Manager - Corporate role at Bank of England.
Base Pay Range: ÂŁ46,320 - ÂŁ52,110 (Leeds)
Responsibilities:
- Develop procurement strategies and identify routes to market.
- Support business areas in developing specifications.
- Produce tender documents, award criteria, commercial models and select appropriate contract terms.
- Manage subject matter experts/stakeholders/commercial analyst through the full procurement process, including evaluating, training and conflict management.
- Administer the tender period, manage clarifications, coordinate bidder briefings and meetings.
- Run the evaluation process, lead or support scoring moderation meetings and undertake commercial evaluations.
- Draft and finalise contracts ensuring relevant risks and policies are addressed.
- Manage transition from sourcing to contract management with the contract owner/manager.
- Create, review, amend, manage approval, and publish notices for tendering opportunities and contract awards.
- Advise the Commercial Business Partner on the strategic direction of the category.
- Generate and analyse essential spend data, market insights, supplier reports and contract performance metrics.
- Provide governance support to ensure compliance with Commercial Oversight Group and other management boards.
- Support the Commercial Business Partner in embedding effective risk management and commercial competencies.
- Drive sustainability in the category.
- Work with the Supplier Management team to ensure best practice in line with the Bank's framework.
- Provide support to the wider sourcing team to meet peaks in tendering activity.
Role Requirements:
- Proven track record of managing a complex pipeline of work, delivering innovative commercial solutions through strategic sourcing techniques and use of systems and contracts.
- Experience of the end‑to‑end sourcing process for high value and/or high complexity contracts.
- Experience of working in procurement in the public sector.
- Experience of the Public Contract regulations PCR2015 and knowledge of the Procurement Act 2023.
- Strong stakeholder management skills and assertiveness, with ability to challenge.
- Strong communication skills, ability to build rapport and constructive relationships.
- Knowledge and experience of a range of routes‑to‑market and contract models.
- Excellent organisational, planning and time‑management skills.
- Ability to work on multiple projects simultaneously.
- Self‑motivation; ability to work both on own initiative and as part of a team.
- Attention to detail when drafting and reviewing documents.
- Capability to translate data into meaningful insights for appropriate audiences and present outcomes.
- MCIPS qualification (or working towards).
- Experience of e‑procurement systems (e.g., Proactis, Oracle).
- Experience of Corporate/Technology procurements and knowledge of industry standard contract forms.
- Supplier and/or contract management expertise (post‑contract award).
Location: Leeds
Salary and Benefits:
- Non‑contributory, career average pension giving a guaranteed retirement benefit of 1/95th of annual salary for each year worked, with options to adjust.
- Discretionary performance award based on a current award pool.
- 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 (typically 6–12 weeks) and additional Bank security checks. Further information will be provided to the successful applicant.
Application Process: The assessment process will comprise two interview stages. The role closes on 21st December 2025. Please apply online, ensuring that you complete your work history and answer all mandatory questions in detail.
Inclusion and Diversity: The Bank values diversity, equity and inclusion and encourages applications from all backgrounds. We support flexible working, part‑time and job sharing arrangements.
Seniority Level: Mid‑Senior level
Employment Type: Full‑time
Job Function: Finance, Purchasing, and Supply Chain
Industries: Banking and Financial Services
Procurement Commercial Manager - Corporate in Leeds employer: Bank of England
Contact Detail:
Bank of England Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Commercial Manager - Corporate in Leeds
✨Tip Number 1
Network like a pro! Reach out to your connections in the procurement field, especially those who work at the Bank of England or similar organisations. A friendly chat can sometimes lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for those interviews! Research common questions for procurement roles and practice your answers. We recommend using the STAR method (Situation, Task, Action, Result) to structure your responses and showcase your experience effectively.
✨Tip Number 3
Show off your skills! Bring along examples of your past work, like successful procurement strategies or contract management experiences. This will help you demonstrate your expertise and how you can add value to the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about the role and keen to be part of the Bank of England team.
We think you need these skills to ace Procurement Commercial Manager - Corporate in Leeds
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Procurement Commercial Manager role. Highlight your experience with procurement strategies and stakeholder management, as these are key aspects of the job.
Showcase Your Skills: Don’t forget to emphasise your strong communication skills and ability to manage complex projects. Use specific examples from your past work to demonstrate how you've successfully navigated similar challenges.
Be Detail-Oriented: Attention to detail is crucial in procurement. When drafting your application, double-check for any typos or errors, and ensure that all mandatory questions are answered thoroughly. This shows us you take pride in your work!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets seen by the right people. Plus, it makes the process smoother for both you and us!
How to prepare for a job interview at Bank of England
✨Know Your Procurement Stuff
Make sure you brush up on procurement strategies and the end-to-end sourcing process. Familiarise yourself with the Public Contract regulations and the Procurement Act 2023, as these will likely come up in conversation. Being able to discuss your experience with high-value contracts and innovative commercial solutions will definitely impress.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've managed stakeholders and built relationships in previous roles. The interviewers will want to see your assertiveness and ability to challenge when necessary. Think of specific instances where you successfully navigated conflicts or facilitated collaboration among different teams.
✨Get Data-Driven
Be ready to talk about how you've used data to drive decisions in procurement. Whether it's generating spend data or analysing supplier performance metrics, having concrete examples will show that you can translate data into meaningful insights. This is key for the role, so don’t hold back!
✨Practice Your Communication
Strong communication skills are a must for this position. Practice articulating your thoughts clearly and confidently. You might even want to run through some mock interviews with a friend to get comfortable discussing your experiences and answering questions about contract management and tender processes.
