Procurement Lead in London

Shape the future of Procurement and Supplier Management at Cynergy Bank. Join us as a Procurement Lead and play a pivotal role in strengthening how we manage suppliers, drive commercial value, and deliver robust governance across the Bank. You will ensure our third-party estate operates with transparency, control, and efficiency, aligned to regulatory requirements and the Bank’s risk appetite.

This is a permanent leadership role within our Procurement function, reporting to the Director of Performance and Enablement. You will have end-to-end accountability for procurement and supplier management, including sourcing, commercial negotiations, governance frameworks, and third-party risk. Operating with a high degree of autonomy, you will shape procurement strategy, drive commercial outcomes, and ensure supplier management is aligned to the Bank’s performance, governance, and control frameworks.

You will work closely with stakeholders across Risk, Compliance, Legal, Finance, and Technology, acting as a trusted advisor across the supplier lifecycle.

Where you will work: Hybrid working, with three days per week in our London office (ONC) and two days from home.

Why join us?

• Impact: Shape and lead the Bank’s procurement and supplier management capability, supporting regulatory compliance, operational resilience, and commercial performance.
• Leadership: Influence stakeholders, shape strategy, and build a high-performing procurement function.
• Growth: A collaborative, high-trust environment focused on expertise and continuous improvement.
• Flexibility & Rewards: Competitive salary, bonus opportunity, hybrid working, and a comprehensive benefits package.

How You Will Make An Impact:

• Lead procurement and supplier management across the Bank, ensuring a controlled, transparent, and effective approach across the supplier estate.
• Shape and deliver procurement strategy, driving commercial value through sourcing, negotiation, and supplier optimisation.
• Establish and oversee governance frameworks covering performance, risk, contract, and relationship management, aligned to regulatory and TPRM requirements (including Tier 1 and 2 suppliers).
• Ensure procurement is engaged early to influence demand, sourcing approach, and commercial outcomes.
• Oversee the end-to-end supplier lifecycle, including onboarding, due diligence, performance management, renewals, and exit planning.
• Maintain strong control and auditability across supplier arrangements, including effective use of systems such as Gatekeeper.
• Deliver high-quality management information, including supplier scorecards, risk dashboards, and governance reporting for stakeholders and Committees.
• Identify, assess, and resolve supplier risks, disputes, and control gaps, driving continuous improvement.
• Align procurement and supplier performance to broader performance, governance, and reporting frameworks across the Bank.
• Lead and develop a high-performing team, acting as a trusted advisor and representing Procurement in governance forums and supplier engagements.

What You Will Bring:

• Strong experience in Procurement and/or Supplier Management within a regulated financial services environment.
• Proven track record managing end-to-end procurement and supplier lifecycle activities, including sourcing, negotiation, performance, and risk.
• Knowledge of PRA and FCA requirements, including outsourcing, operational resilience, and third-party risk (PRA SS2/21).
• Demonstrable ability to deliver commercial value and cost optimisation.
• Strong analytical capability, including experience producing clear, insight-led management information and governance reporting.
• Ability to influence, challenge, and advise stakeholders effectively.
• Excellent communication skills.
• Experience with contract lifecycle and TPRM systems (e.g. Gatekeeper).

How We Will Support You:

• Competitive salary and bonus opportunity.
• 28 days holiday, with the option to buy more.
• Award-winning pension scheme.
• Private healthcare, life assurance, and income protection.
• Hybrid working.
• Learning and development opportunities.
• A range of wellbeing and lifestyle benefits.

Cynergy Bank is the UK’s human digital bank, combining personal service with smart technology to support ambitious individuals and businesses. Our values guide everything we do: putting customers first, keeping risk front and centre, enabling innovation, working as one inclusive team, and doing the right thing.