At a Glance
- Tasks: Lead strategic procurement initiatives and engage with key stakeholders to drive value.
- Company: Dynamic banking institution focused on innovation and collaboration.
- 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 negotiation skills required.
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) 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 in London 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 office fosters a collaborative and inclusive work culture, where you can engage with diverse teams and drive innovation in strategic procurement while enjoying opportunities for professional growth and a healthy work-life balance through hybrid working arrangements.
StudySmarter Expert Advice🤫
We think this is how you could land Banking and Corporate Functions Portfolio Lead, Strategic Procurement in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and procurement sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for 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 genuinely interested in being part of their team.
✨Tip Number 3
Practice your negotiation skills! As a Portfolio Lead, you'll need to demonstrate strong negotiation abilities. Role-play common scenarios with a friend or mentor to build your confidence before the real deal.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it shows you’re proactive and really keen on joining us!
We think you need these skills to ace Banking and Corporate Functions Portfolio Lead, Strategic Procurement in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Banking Services Portfolio Lead. Highlight your experience in financial services and procurement, and don’t forget to showcase any relevant achievements that demonstrate your strategic agility and negotiation skills.
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 projects or experiences that align with our focus on value-driven strategies and supplier engagement.
Showcase Your Team Leadership Skills:As a Portfolio Lead, you’ll be managing a team of Category Directors. Make sure to highlight your leadership experience and how you've successfully developed teams in the past. We love seeing examples of how you’ve influenced and engaged stakeholders!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers
Make sure you’re familiar with the financial metrics and figures relevant to the role. Understand the €6bn expenditure and be ready to discuss how you can drive value from it. This shows you’re not just a candidate, but someone who can contribute meaningfully from day one.
✨Showcase Your Strategic Thinking
Prepare examples of how you've developed strategic account plans or category strategies in the past. Be ready to discuss your approach to engaging with senior stakeholders and how you’ve influenced decisions. This will demonstrate your capability as a Portfolio Lead.
✨Highlight Your Team Management Skills
Since you'll be managing a team of Category Directors, come prepared with examples of how you've successfully led teams before. Discuss your management style and how you foster collaboration and development within your team.
✨Understand Supplier Relationships
Be ready to talk about your experience with supplier management and how you’ve driven innovation through these relationships. Discuss any specific challenges you faced and how you overcame them, showcasing your negotiation skills and strategic agility.
