At a Glance
- Tasks: Lead strategic sourcing and contract negotiations to secure the best suppliers for our bank.
- Company: Join Crown Agents Bank, a rapidly growing UK bank transforming payments in emerging markets.
- Benefits: Enjoy hybrid working, competitive salary, pension contributions, and private medical insurance.
- Other info: Opportunity for professional growth and to work with diverse teams across the organisation.
- Why this job: Make a real impact in global finance while developing your career in a dynamic environment.
- Qualifications: 5+ years in procurement with strong negotiation and communication skills required.
The predicted salary is between 60000 - 75000 € per year.
Crown Agents Bank is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. We are transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it.
Role Purpose:
- Responsible for end-to-end strategic sourcing and contracting across assigned indirect spend categories, ensuring the Bank secures best value, fit for purpose suppliers and robust commercial agreements that support business outcomes and delivery timelines.
- Leads competitive sourcing activity (including “net new” and renewal/recurring engagements), shaping sourcing strategies, running structured tender processes, and negotiating contracts in partnership with Service Owners, Legal and relevant risk/control teams.
- Operating within a regulated financial services environment, the role ensures sourcing and contracting activity is delivered in line with internal procurement frameworks and the Bank’s obligations relating to outsourcing and third party risk management, operational resilience, auditability, and ethical/sustainable procurement.
Sourcing Strategy & Category Planning:
- Develop and maintain category sourcing strategies for assigned indirect spend areas, informed by business demand, supplier market dynamics, cost drivers, and risk considerations.
- Build multi year pipelines of “net new”, renewal and optimisation opportunities; identify initiatives to deliver measurable value.
- Provide proactive market insight and brief stakeholders with clear options and recommendations.
End to End Sourcing Delivery:
- Lead structured sourcing events, ensuring a transparent, fair and well documented process with a clear audit trail.
- Define commercial models, pricing constructs and contractual mechanisms to optimise value over the contract lifecycle.
Contracting, Governance & Regulatory Alignment:
- Negotiate and deliver contracts that are fit for a regulated bank, ensuring contractual provisions support operational resilience and third party risk expectations.
- Work with the Procurement Vendor Governance function, Service Owners, Information Security and SMEs to ensure risk assessment and due diligence outputs are appropriately reflected in contract schedules and obligations.
- Ensure sourcing activity follows internal frameworks, including correct routing, approvals and records management.
- Support remediation of legacy contracts where required by updated regulatory expectations at renewal or material change points.
Stakeholder Partnership & Decision Support:
- Act as a trusted commercial advisor to stakeholders, shaping requirements early and ensuring sourcing approach is proportionate to risk and spend.
- Facilitate cross functional alignment across Finance, Legal, Technology, Risk/Compliance and InfoSec to remove blockers and drive timely decisions.
- Prepare concise sourcing papers suitable for senior approval forums in line with authority levels.
Supplier Handover & Lifecycle Readiness:
- Deliver a disciplined handover from contract execution into ongoing vendor governance / relationship management.
- Ensure contract artefacts, key metadata and obligations are stored and indexed appropriately to support auditability and ongoing management.
Cost Optimisation, MI & Continuous Improvement:
- Monitor and analyse spend and supplier performance trends to identify savings, demand management and rationalisation opportunities.
- Support procurement MI and contribute to continuous improvement of sourcing processes, templates and toolsets.
- Promote ethical conduct, sustainability and supplier standards in line with the Sustainable Procurement Policy and Vendor Code of Conduct expectations.
Qualifications:
- Educated to Degree level or equivalent.
- Extensive experience in procurement and sourcing.
- 5+ years of experience in procurement, sourcing, contract negotiation and vendor management within financial services or a similar regulated environment.
- Excellent communication, interpersonal, negotiation and influencing skills.
- Good leadership and influencing capabilities.
- Ability to work and deliver under pressure.
- Ability to prioritise quickly and effectively in difficult situations.
Additional Information:
- Hybrid working
- Contributory personal pension plan
- Life Assurance – 4 times annual salary
- Group Income Protection
- Private Medical Insurance
- Discretionary Bonus
- Competitive Annual Leave
- 2 Volunteering Days
- Benefit Hub
Procurement Manager in London employer: Crown Agents Bank
Crown Agents Bank is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the chance to make a meaningful impact in the financial services sector. With a strong focus on professional development, employees benefit from extensive growth opportunities, competitive remuneration packages, and a supportive environment that encourages innovation and collaboration. Located in the heart of the UK, the bank provides a hybrid working model, ensuring a healthy work-life balance while contributing to transformative solutions in emerging markets.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the procurement field, especially those who work at Crown Agents Bank or similar companies. A friendly chat can open doors and give you insider info on job openings.
✨Tip Number 2
Prepare for interviews by researching the company’s values and recent projects. Show us that you understand their mission to connect emerging markets with global financial infrastructure. Tailor your answers to reflect how your experience aligns with their goals.
✨Tip Number 3
Practice your negotiation skills! As a Procurement Manager, you'll need to demonstrate your ability to negotiate contracts effectively. Role-play scenarios with friends or mentors to build confidence and refine your approach.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Crown Agents Bank.
We think you need these skills to ace Procurement Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Procurement Manager role. Highlight your experience in strategic sourcing and contract negotiation, and don’t forget to mention any relevant achievements that showcase your skills in a regulated environment.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for Crown Agents Bank. Mention your understanding of the challenges in emerging markets and how your background can help tackle them.
Showcase Your Communication Skills:As a Procurement Manager, strong communication is key. In your application, demonstrate your ability to build relationships and influence stakeholders. Use examples from your past roles to illustrate this.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Crown Agents Bank
✨Know Your Procurement Stuff
Make sure you brush up on your procurement knowledge, especially in the context of financial services. Understand the end-to-end sourcing process and be ready to discuss your experience with contract negotiations and strategic sourcing initiatives.
✨Showcase Your Stakeholder Skills
Crown Agents Bank values strong relationships. Be prepared to share examples of how you've effectively communicated and collaborated with various stakeholders. Highlight your ability to influence decisions and drive alignment across different teams.
✨Demonstrate Market Insight
Research current trends in procurement and FX payments, particularly in emerging markets. Bring insights to the table during your interview, showing that you can provide proactive market analysis and recommendations that align with the bank's goals.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving skills under pressure. Think of specific situations where you had to prioritise tasks or manage risks, and be ready to explain your thought process and outcomes.
