At a Glance
- Tasks: Lead strategic sourcing and contract negotiations to optimise supplier relationships.
- Company: Crown Agents Bank, a growing UK bank transforming payments in emerging markets.
- Benefits: Hybrid working, competitive salary, pension plan, private medical insurance, and generous leave.
- Other info: Join a dynamic team with opportunities for growth and professional development.
- Why this job: Make a real impact in global finance while developing your career in procurement.
- Qualifications: Degree level education and extensive procurement experience 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. Our solutions help fix these pain points, ultimately connecting traditionally hard‑to‑reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.
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, 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 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.
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.
- Prepare concise sourcing papers suitable for senior approval forums.
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.
Cost Optimisation, MI & Continuous Improvement
- Monitor and analyse spend and supplier performance trends to identify savings and rationalisation opportunities.
- Support procurement MI and contribute to continuous improvement of sourcing processes.
- Promote ethical conduct, sustainability and supplier standards in line with the Sustainable Procurement Policy.
Qualifications
- Educated to Degree level or equivalent.
Experience
- 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.
- Ability to work and deliver under pressure.
Additional Information
- Hybrid working
- Contributory personal pension plan: Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
- Life Assurance – 4 times annual salary
- Group Income Protection
- Private Medical Insurance
- Discretionary Bonus
- Competitive Annual Leave
- 2 Volunteering Days
Procurement Manager employer: Crown Agents Bank
Crown Agents Bank is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation meets purpose in the financial services sector. With a strong commitment to employee growth, we offer extensive training and development opportunities, alongside competitive benefits such as a contributory pension plan, private medical insurance, and generous annual leave. Our hybrid working model allows for flexibility, making it an ideal environment for professionals looking to make a meaningful impact in connecting emerging markets to global financial infrastructure.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager
✨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. Attend industry events and connect on LinkedIn to get your name out there.
✨Tip Number 2
Prepare for interviews by researching the company’s values and recent projects. Be ready to discuss how your experience aligns with their mission of transforming payments in emerging markets.
✨Tip Number 3
Showcase your negotiation skills during interviews. Bring examples of past successes in contract negotiations and how you’ve added value through strategic sourcing. This will demonstrate your fit for the Procurement Manager role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team.
We think you need these skills to ace Procurement Manager
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 emerging markets and how your background aligns with our mission to reduce friction in payments.
Showcase Your Stakeholder Skills:In your application, emphasise your ability to work with various stakeholders. We want to see examples of how you've built relationships and facilitated cross-functional alignment in previous roles, especially in procurement.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team at Crown Agents Bank.
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 latest trends in sourcing strategies and be ready to discuss how you've successfully navigated complex negotiations in the past.
✨Showcase Your Stakeholder Skills
Crown Agents Bank values strong relationships. Be prepared to share specific examples of how you've built partnerships across different departments. Highlight your ability to challenge requirements and align interests to drive timely decisions.
✨Demonstrate Your Analytical Mindset
Talk about how you've used data to inform your sourcing strategies. Be ready to discuss how you've identified cost-saving opportunities or improved supplier performance through analysis. This shows you're not just a negotiator but also a strategic thinker.
✨Prepare for Regulatory Questions
Since this role operates within a regulated environment, brush up on relevant regulations and compliance issues. Be ready to discuss how you've ensured that sourcing activities align with internal frameworks and regulatory expectations in your previous roles.
