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- Tasks: Lead sourcing projects for marketing services, driving strategic change and innovation.
- Company: Join Lloyds Banking Group, a leader in transforming finance for good.
- Benefits: Enjoy flexible working, generous pension contributions, 30 days' holiday, and wellbeing initiatives.
- Why this job: Be part of a culture that values inclusivity, sustainability, and personal growth.
- Qualifications: Experience in marketing categories and strong negotiation skills are essential.
- Other info: We welcome applications from under-represented groups and offer reasonable adjustments.
The predicted salary is between 50000 - 58000 £ per year.
End Date
Wednesday 20 August 2025
Salary Range
£59,850 – £66,500
We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job Share
Job Description Summary
Job Description
JOB TITLE: Sourcing Manager – Marketing Services
LOCATION: Bristol, Edinburgh, Halifax or Birmingham
SALARY: £59,850 – £66,500
HOURS: Full time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, in one of our office sites, as listed above.
About this opportunity
It\’s a phenomenal time of change and transformation within the Group and the GS&SM teams are at the heart of that change. We have a strong culture and set of values where we look to live the core values of putting people first, being bold, being inclusive and trusting each other all whilst championing sustainability in all that we do.
This particular role will be supporting Marketing Services sourcing activity within Lloyds Banking Group. You\’ll lead sourcing projects with the brands, marketing, experience teams (BMX) focused on driving strategic change innovation within our agency network.
You\’ll contribute to the development of category strategies, delivering specific sourcing initiatives to drive the effective supply of services to LBG and management of the cost base, supporting the BMX community with their transformation plans.
What you\’ll do
- Inputting into category and sub-category strategies reflecting external market conditions whilst optimising the cost of ownership to deliver sustainable strategic direction for the business
- Delivering opportunities that drive down cost and deliver value for goods and/or services through the identification of cost saving initiatives in line with the Group\’s targets and objectives
- Developing effective relationships with key internal customers.
- Manage cross functional teams in sourcing, with economies of scale, contract negotiations, agency selection, and commercial aspects of agency relationships.
- Applying knowledge of contractual terms and conditions ensuring appropriate risk mitigation embedded into supply contracts to provide high quality services to the Group
- Working collaboratively with the agency management teams to develop and implement the appropriate agency governance structure ensuring effective contract handover
- Undertaking all activities in line with all relevant Group policies and within Group risk appetite, ensuring compliance to all policies, procedures and systems providing an efficient and auditable sourcing trail that will ensure robust risk management.
- Maintaining an up-to-date awareness of own specialist area and market dynamics, taking action accordingly to ensure the best contracts are in place to meet customer needs.
About us
We\’re on an exciting journey to transform our Group and the way we\’re shaping finance for good. We\’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you!
What you\’ll need
- Solid background and experience within Marketing Categories (Media, Creative Agencies, Market Research, Sponsorship) is essential.
- Strong internal and external stakeholder management skills, including face-to-face with marketing agencies
- Strong negotiation skills are essential.
- Ability to work without supervision while providing technical guidance when required on managing projects and/or programmes within desired cost, time, and quality parameters.
- Ability to identify, assess, prioritise, and manage risks in a production process without supervision and provide technical guidance when required.
- Working knowledge of SAP Ariba sourcing and contract modules is highly desirable.
- Financial Services background is desirable.
About working for us
Our focus is to ensure we\’re inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture.
We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it\’s why we especially welcome applications from under-represented groups.
We\’re disability confident, so if you\’d like reasonable adjustments to be made to our recruitment processes, just let us know.
We also offer a wide-ranging benefits package, which includes:
- A generous pension contribution of up to 15%
- An annual bonus award, subject to Group performance
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days\’ holiday, with bank holidays on top (pro-rata)
- A range of wellbeing initiatives and generous parental leave policies
If you\’re excited at the thought of becoming part of our team, please apply today!
At Lloyds Banking Group, we\’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you\’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you\’ll have many opportunities to learn, grow and develop.
We keep your data safe. So, we\’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We\’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We\’re focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we\’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference. #J-18808-Ljbffr
Sourcing Manager - Marketing Services employer: Chartered Institute of Procurement and Supply (CIPS)
Contact Detail:
Chartered Institute of Procurement and Supply (CIPS) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Manager - Marketing Services
✨Tip Number 1
Familiarise yourself with the latest trends in marketing services and sourcing strategies. Understanding current market dynamics will not only help you in interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the marketing and sourcing fields. Attend industry events or join relevant online forums to connect with potential colleagues or mentors who can provide insights into the role and company culture.
✨Tip Number 3
Brush up on your negotiation skills, as they are essential for this position. Consider role-playing scenarios with friends or colleagues to practice articulating your points clearly and confidently.
✨Tip Number 4
Research Lloyds Banking Group's values and recent initiatives, especially around sustainability and diversity. Being able to align your personal values with those of the company can set you apart during the interview process.
We think you need these skills to ace Sourcing Manager - Marketing Services
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in marketing categories, particularly in media, creative agencies, and market research. Use specific examples that demonstrate your negotiation skills and stakeholder management.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with their values of inclusivity and sustainability, and provide examples of how you've driven strategic change in previous roles.
Highlight Relevant Skills: Clearly outline your strong negotiation skills and ability to manage cross-functional teams. If you have experience with SAP Ariba or in financial services, make sure to include this as it is highly desirable for the role.
Showcase Your Understanding of the Company: Demonstrate your knowledge of Lloyds Banking Group's mission and values in your application. Discuss how you can contribute to their goal of transforming finance for good and supporting their diverse workforce.
How to prepare for a job interview at Chartered Institute of Procurement and Supply (CIPS)
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Sourcing Manager in Marketing Services. Familiarise yourself with the key tasks mentioned in the job description, such as managing cross-functional teams and developing category strategies.
✨Showcase Your Negotiation Skills
Since strong negotiation skills are essential for this role, prepare examples from your past experiences where you successfully negotiated contracts or managed supplier relationships. Be ready to discuss your approach and the outcomes.
✨Demonstrate Stakeholder Management
Highlight your experience in managing internal and external stakeholders. Prepare to discuss how you've built effective relationships with marketing agencies and other key partners, as this is crucial for the role.
✨Familiarise Yourself with Market Dynamics
Stay updated on current trends in marketing categories like media and creative agencies. Being knowledgeable about market dynamics will help you demonstrate your ability to make informed decisions that align with the company's goals.
