At a Glance
- Tasks: Support efficient procurement operations and drive process improvements.
- Company: Join a dynamic team focused on innovation and continuous improvement.
- Benefits: Gain valuable experience, develop skills, and enjoy a collaborative work environment.
- Other info: Opportunity for career growth and involvement in exciting projects.
- Why this job: Make a real impact by enhancing procurement processes and driving automation.
- Qualifications: Strong understanding of procurement, vendor management, and excellent communication skills.
The predicted salary is between 30000 - 40000 £ per year.
The Procurement Associate plays a key role in supporting the delivery of effective, compliant and efficient procurement operations, while also taking a leading role in driving process efficiency, automation and the Procurement change book of work. The role supports day‑to‑day activity across the end‑to‑end procurement lifecycle and works closely with business stakeholders and third parties to ensure sourcing activity, vendor onboarding and supplier management are executed in line with policy, controls and regulatory expectations.
In addition to core operational responsibilities, the Procurement Associate will proactively identify opportunities to improve processes, reduce manual effort and enhance data quality, and will support the design, delivery and implementation of automation and change initiatives across the Procurement function. The role acts as a key contributor to continuous improvement activity, supporting change from concept through to implementation and embedding.
The Procurement Associate is expected to leverage their strong understanding of Procurement frameworks, third‑party risk requirements and enabling systems, while building capability in process optimisation, change delivery and automation to support the ongoing evolution of the Procurement operating model.
Responsible for key Procurement operational activities, including requisition approval and purchase order generation, alongside ongoing management of vendor master data. Maintenance of vendor records, contract uploads.
Provides expert stakeholder support by offering clear guidance on procurement policy and process, as well as delivering training to support compliance and effective usage. Production of standard procurement reporting and to ad hoc reporting requests, ensuring timely, accurate insights to support business and governance needs.
Provide cover for Third Party Risk Management operations lead as required to ensure continuity of service. Responsibilities will include workflow oversight and stakeholder support and guidance. Support continuous improvement initiatives, automation, and process efficiency initiatives across the procurement team. EUC and key control oversight for procurement team to maintain a robust control environment. Contribute to department wide initiatives and wider project Book of Work (BOW) activity. Support ad hoc requests from the Team Lead and senior management to support evolving business priorities.
Skills & Experience
- Strong end‑to‑end procurement knowledge, with experience working across requisitioning, vendor management, and contracts.
- Systems‑literate with strong general systems aptitude; experience of Oracle preferred.
- Good understanding of data and reporting, with strong Excel capability as a minimum; experience with Power Apps or similar tools desirable.
- Effective communicator with strong stakeholder management skills, able to explain policy, process, and requirements clearly.
- Awareness of Third‑Party Risk Management (TPRM) and associated control considerations is beneficial.
- Ability to quickly grasp new topics and provide clear, insightful analysis.
- Proactive, delivery‑focused mindset with strong ownership, follow‑through, and attention to detail.
Procurement Associate employer: Daiwa Capital Markets Europe Ltd
As a Procurement Associate, you will thrive in a dynamic work environment that champions innovation and continuous improvement. Our company prioritises employee growth through comprehensive training and development opportunities, fostering a culture of collaboration and excellence. Located in a vibrant area, we offer competitive benefits and a supportive atmosphere that empowers you to make a meaningful impact in procurement operations.
Contact Details:
Daiwa Capital Markets Europe Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Associate
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Daiwa Capital Markets Europe Ltd.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Procurement Associate
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Daiwa Capital Markets Europe Ltd:Your cover letter should read like you’re chatting directly to Daiwa Capital Markets Europe Ltd. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Daiwa Capital Markets Europe Ltd.
How to prepare for a job interview at Daiwa Capital Markets Europe Ltd
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Daiwa Capital Markets Europe Ltd!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Daiwa Capital Markets Europe Ltd. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Daiwa Capital Markets Europe Ltd's culture.
