At a Glance
- Tasks: Lead strategic procurement initiatives and drive innovation across banking services.
- Company: Dynamic financial institution focused on collaboration and value creation.
- Benefits: Competitive salary, hybrid working, 30 days holiday, and private healthcare.
- Other info: Join a diverse team with a commitment to continuous learning and development.
- Why this job: Make a real impact in a high-stakes environment while developing your career.
- Qualifications: Experience in financial services and strong stakeholder engagement skills.
The predicted salary is between 80000 - 100000 £ per year.
Strategic Procurement in the Global Procurement and Vendor Management team (GPVM) is responsible for the 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 – eligible employees can work remotely for 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).
- We welcome applications from all people and promote a positive, fair and inclusive work environment.
Banking and Corporate Functions Portfolio Lead, Strategic Procurement employer: Dormont Manufacturing Co
As a leading employer in the financial services sector, we prioritise the development and wellbeing of our employees, offering a competitive salary, generous holiday allowance, and a range of flexible benefits. Our London-based team thrives in a culture of continuous learning and innovation, where you will have the opportunity to engage with senior stakeholders and lead a talented group of professionals in driving strategic procurement initiatives. Join us to be part of a diverse and inclusive environment that values your contributions and supports your career growth.
StudySmarter Expert Advice🤫
We think this is how you could land Banking and Corporate Functions Portfolio Lead, Strategic Procurement
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant LinkedIn groups, and don’t be shy about reaching out to professionals in your field. You never know who might have the inside scoop on job openings or can refer you directly.
✨Ace the Informational Interview
Set up informational interviews with folks working in roles you’re interested in. This is a great way to learn more about the company culture and expectations while also making a lasting impression. Plus, it shows your genuine interest in the field!
✨Showcase Your Skills
Don’t just talk about your experience; demonstrate it! Create a portfolio or case studies that highlight your achievements and how you’ve added value in previous roles. This will help you stand out and give potential employers a taste of what you can bring to the table.
✨Apply Through Our Website
When you find a role that excites you, make sure to apply through our website. It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and engaged with our brand!
We think you need these skills to ace Banking and Corporate Functions Portfolio Lead, Strategic Procurement
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Banking Services Portfolio Lead. Highlight your experience in financial services and procurement, focusing on relevant achievements that demonstrate your strategic agility and negotiation skills.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of the banking sector and how your past experiences align with our goals in strategic procurement.
Showcase Your Team Leadership Skills:Since you'll be managing a team of Category Directors, it's crucial to highlight your leadership experience. Share examples of how you've developed teams and driven performance in previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. This way, we can ensure your application gets the attention it deserves and you can easily track its progress!
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers
As a Banking and Corporate Functions Portfolio Lead, you'll be dealing with significant figures like €6bn in external expenditure. Brush up on your financial metrics and be ready to discuss how you've managed budgets or driven savings in previous roles.
✨Showcase Your Strategic Thinking
Prepare examples that highlight your strategic agility. Think about times when you developed competitive strategies or improved processes. Be ready to explain your thought process and the impact of your decisions on the business.
✨Engage with Stakeholders
This role requires strong engagement with senior stakeholders. Practice articulating how you've influenced decision-making in past roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses and demonstrate your interpersonal skills.
✨Demonstrate Team Leadership
You'll be managing a team of Category Directors, so it's crucial to showcase your leadership experience. Prepare to discuss how you've developed teams, fostered collaboration, and achieved objectives together. Highlight any coaching or mentoring experiences you've had.
