At a Glance
- Tasks: Lead strategic procurement and manage supplier relationships to drive innovation and value.
- Company: Join Deutsche Bank, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Enjoy hybrid working, competitive salary, 30 days holiday, and private healthcare.
- Other info: Be part of a culture that values continuous learning and celebrates diversity.
- Why this job: Make a real impact in financial services while developing your career in a supportive environment.
- Qualifications: Experience in financial services and strong negotiation skills are essential.
The predicted salary is between 80000 - 100000 € per year.
Location: London
Corporate Title: Director
Strategic Procurement in the Global Procurement and Vendor Management team (GPVM) responsible for ongoing sourcing and category management of circa €6bn of external third‑party expenditure. The team collaborates across the bank to drive innovation, maximise value opportunities, improve performance and risk management and also manages all commercial aspects of contracts to protect value by minimising risk of commercial loss through negating commercial disputes.
As Portfolio Lead you will be a high‑performing director looking to use expertise to focus on business and supplier engagement, people development, delivery against objectives and projects, and process improvements.
What we’ll offer you:
- Hybrid Working – we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them.
- Competitive salary and non‑contributory pension.
- 30 days’ holiday plus bank holidays, with the option to purchase additional days.
- Life Assurance and Private Healthcare for you and your family.
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
- The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year.
Your key responsibilities:
- Engage with the Corporate Bank, Investment Bank, Private Bank, wider business areas, and suppliers to develop value‑led, joint strategic account plans, product, and service roadmaps ensuring that maximum value is being driven from the sourcing process along with developing supplier relationships and collaborating with suppliers to identify and drive innovation.
- Manage a team of professional Category Directors.
- Lead the development of Category strategies with business stakeholders with a view to communicating a clear and collective vision to generate savings.
Your skills and experience:
- Experience in Financial Services, specifically Investment, Corporate or Private Banking including procurement of Banking Software and Operations.
- In‑depth understanding of management/service delivery from third parties and experience leading global strategic supplier management relationships with organisations with high levels of complexity.
- Ability to engage and influence senior stakeholders.
- Demonstrable team player with strong interpersonal and management skills.
- Strategic agility necessary to create competitive and breakthrough strategies.
- Strong sourcing and governance focus with excellent negotiation skills.
- Professional certification beneficial, Member of the Chartered Institute of Procurement and Supply (MCIPS) or similar, good knowledge of contract law (United Kingdom, Germany, United States and/or international).
How we’ll support you:
- Coaching and support from experts in your team.
- A culture of continuous learning to aid progression.
- We value diversity and as an equal opportunities employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards).
About us Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion. If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements. We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment.
Banking Services Director, Strategic Procurement in City of Westminster employer: Deutsche Bank AG
Deutsche Bank is an exceptional employer, offering a dynamic work environment in London that fosters innovation and collaboration within the banking sector. With a strong commitment to employee development, competitive benefits including hybrid working options, generous holiday allowances, and a focus on diversity and inclusion, Deutsche Bank empowers its employees to thrive both personally and professionally. The culture of continuous learning and support from industry experts ensures that you will have ample opportunities for growth while contributing to meaningful projects that drive value across the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Banking Services Director, Strategic Procurement in City of Westminster
✨Tip Number 1
Network like a pro! Get out there and connect with people in the banking and procurement sectors. Attend industry events, join relevant LinkedIn groups, and don’t be shy about reaching out to potential contacts. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you tailor your responses and show that you’re not just looking for any job, but the right fit for both you and them.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and get comfortable with the process. Focus on articulating your experience in strategic procurement and how it can benefit the bank’s objectives.
✨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 at Deutsche Bank. Let’s make it happen!
We think you need these skills to ace Banking Services Director, Strategic Procurement in City of Westminster
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Banking Services Director. Highlight your experience in strategic procurement and financial services, and don’t forget to showcase your skills in managing supplier relationships and driving innovation.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to tell us why you’re the perfect fit for this role. Mention specific achievements that demonstrate your ability to engage with senior stakeholders and lead teams effectively.
Showcase Your Skills:We want to see your negotiation skills and strategic agility in action. Include examples of how you've successfully developed category strategies or managed complex supplier relationships in your previous roles.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re keen on joining our team at Deutsche Bank!
How to prepare for a job interview at Deutsche Bank AG
✨Know Your Numbers
As a Banking Services Director, you'll be dealing with significant figures like €6bn in external expenditure. Brush up on relevant financial metrics and be ready to discuss how you've driven value in previous roles. This shows you understand the scale of the responsibility.
✨Showcase Your Strategic Thinking
Prepare examples that highlight your strategic agility. Think about times when you've created competitive strategies or improved processes. Be ready to explain your thought process and how it led to successful outcomes.
✨Engage with Stakeholders
Demonstrate your ability to engage and influence senior stakeholders. Prepare anecdotes that illustrate your interpersonal skills and how you've built relationships with suppliers and internal teams to drive innovation and value.
✨Understand the Legal Landscape
Familiarise yourself with contract law, especially in the UK and internationally. Be prepared to discuss how you've navigated legal complexities in past procurement roles, as this will show your depth of knowledge and readiness for the challenges ahead.
