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- Tasks: Lead end-to-end procurement activities and manage supplier relationships in a dynamic fintech environment.
- Company: Join a leading Fintech Bank with a focus on innovation and compliance.
- Benefits: Competitive salary, full-time role, and opportunities for professional growth.
- Other info: Collaborative culture with strong emphasis on stakeholder management and compliance.
- Why this job: Make an impact in IT procurement and drive value across the organisation.
- Qualifications: Experience in procurement, especially in IT and regulated environments.
The predicted salary is between 36000 - 60000 £ per year.
We are pleased to be partnering with a leading Fintech Bank to recruit a Procurement Manager into a pivotal role within the organisation. Reporting directly to the Head of Procurement, you will be responsible for leading and managing end-to-end procurement activities, ensuring the effective sourcing, negotiation, and management of goods and services to support business objectives. This role will have a strong focus on IT procurement, professional services, and supplier relationship management, operating within a highly regulated financial services environment.
Key Responsibilities
- IT Procurement: You will lead the sourcing and management of IT procurement, including hardware, software, and services. This includes evaluating emerging technologies, understanding market trends, and delivering cost-effective solutions aligned with the organisation’s strategic goals. You will have significant experience procuring and managing Software as a Service (SaaS) and Platform as a Service (PaaS) solutions, with responsibility for contract negotiation, service level agreements (SLAs), renewals, and ongoing supplier performance.
- Indirect Procurement – Professional Services: You will manage a broad range of indirect procurement categories, with a particular emphasis on professional services such as consultancy, legal, HR, and marketing. This will involve developing and executing sourcing strategies, managing supplier relationships, and delivering measurable value across all categories.
- Contract Negotiation & Commercial Management: You will negotiate complex contracts, including the drafting and review of commercial terms and legal clauses. A strong understanding of risk allocation, compliance requirements, and mitigation strategies is essential to protect the organisation’s interests. You will demonstrate strong commercial acumen, with the ability to assess and compare commercial models, analyse financial data, and use market intelligence to drive cost optimisation and informed decision-making.
- Stakeholder Management: The role requires excellent stakeholder management skills, with the ability to build strong relationships across the business at all levels. You will work closely with senior stakeholders, presenting business cases, influencing decision-making, and balancing competing priorities in a collaborative and professional manner. You will implement and maintain effective supplier relationship management strategies, including supplier segmentation, performance monitoring, and continuous improvement initiatives to drive value, innovation, and long-term partnerships.
- Regulatory & Governance Compliance: You will ensure all procurement activities comply with relevant regulatory and governance requirements, including SYSC 8, PRA 22/1, PRA 22/2, GDPR, and the Consumer Duty Act. You will play a key role in mitigating risk and maintaining high standards of compliance and control.
About You
- Demonstrable procurement experience, ideally within a Financial Services or regulated environment
- Strong expertise in IT procurement, including hardware, SaaS, and PaaS
- Excellent stakeholder management skills, with experience engaging senior leadership
- A strong track record in implementing and managing supplier relationship management strategies
Seniority Level: Mid-Senior level
Employment Type: Full-time
Job Function: Accounting/Auditing, Purchasing, and Finance
Industries: Banking and Financial Services
Procurement Manager in England employer: Fidarsi
Contact Detail:
Fidarsi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the fintech and procurement space. 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’s procurement strategies and recent projects. Tailor your answers to show how your experience with IT procurement and supplier management aligns with their goals. We want you to shine!
✨Tip Number 3
Practice your negotiation skills! Since this role involves complex contract negotiations, consider role-playing scenarios with a friend. This will help you articulate your approach and demonstrate your commercial acumen during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that Procurement Manager role!
We think you need these skills to ace Procurement Manager in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Procurement Manager role. Highlight your experience in IT procurement, supplier relationship management, and any relevant regulatory knowledge. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific examples of your past achievements in procurement and how they relate to the responsibilities outlined in the job description.
Showcase Your Stakeholder Management Skills: Since this role involves a lot of stakeholder engagement, make sure to highlight your experience in building relationships and influencing decision-making. We love seeing candidates who can communicate effectively across all levels of an organisation!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Fidarsi
✨Know Your Procurement Stuff
Make sure you brush up on your procurement knowledge, especially in IT and professional services. Be ready to discuss your experience with SaaS and PaaS solutions, as well as any specific examples of successful negotiations or supplier management strategies you've implemented.
✨Show Off Your Stakeholder Skills
Prepare to talk about how you've managed relationships with senior stakeholders in the past. Think of specific instances where you influenced decision-making or presented compelling business cases. This will demonstrate your ability to navigate complex organisational structures.
✨Understand Compliance Inside Out
Familiarise yourself with the regulatory requirements mentioned in the job description, like SYSC 8 and GDPR. Be prepared to discuss how you've ensured compliance in previous roles and how you would approach risk mitigation in procurement activities.
✨Bring Data to the Table
Have some data points ready to showcase your commercial acumen. Whether it's cost optimisation results or market intelligence insights, being able to back up your claims with numbers will impress the interviewers and show that you're results-driven.