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For Companies At a Glance
- Tasks: Lead procurement projects, optimise vendor relationships, and negotiate contracts in a dynamic environment.
- Company: Join ING, a leading financial services provider with a focus on innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Be part of a collaborative team that values adaptability and strategic thinking.
- Why this job: Make a real impact in procurement while working with cutting-edge technology and diverse teams.
- Qualifications: Experience in regulated procurement, strong relationship-building skills, and a degree in a relevant field.
The predicted salary is between 60000 - 75000 £ per year.
The Procurement department manages ING's external spend and suppliers and works closely with ING Global and WB Procurement as well as with the various business partners who benefit from our services. The main objective of the Procurement department is to maximise the business benefits ING gets from its vendors. We buy the full range of products and services from IT, Market Data, banking systems, consulting, recruitment, facilities services, energy. We also manage the Know Your Supplier process, ensuring that suppliers are fully qualified.
Roles and responsibilities
- Category management – Technology focus
- Sourcing/Procurement: Manage a category or categories to ensure value optimisation and timely delivery of procurement projects through both strategic and tactical activities, including the following:
- Stakeholder relationship building to ensure internal needs are identified and met
- External Market knowledge gathering including building key supplier relationships
- Current state analysis to identifying optimisation opportunities
- Contract negotiation with suppliers
- Complete all required contract renewals, terminations, amendments and moves as applicable
- Development and implementation of annual category plans reflecting elements of sourcing, budget and market information to determine the strategic direction of the category
- Maintain annual calendar to include contract renewals, reporting activities, budgeting, etc.
- Following the end-to-end Procurement lifecycle process for the Market Data subcategory, from business requirements to contract execution & performance management
How to succeed
Essential: Experience of working in a Procurement department within a regulated business, ideally banking, insurance, financial services, PE, hedge funds etc. Although the role will have focus on technology procurement, an ability to manage projects in other categories is also required.
Desirable: European headquartered banking experience. Full knowledge of the regulatory aspects of Banking Procurement such as EBA Sourcing Guidelines, DORA, AI Act, etc.
Personal Competencies
Essential: Flexibility, adaptability, proven influencing skills, ability to quickly and easily build relationships at all levels, working at pace when required, understands procurement processes and systems
Desirable: Team leadership experience or potential
Qualification/Education
Essential: Degree level educated, ideally in a business or research-based subject
Desirable: Procurement qualifications are not essential, but a true understanding of strategic and tactical procurement, contract development and negotiation and category management and related principles is highly desirable.
Senior Category Manager employer: ING Group
Contact Detail:
ING Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Category Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the procurement field, especially those who have experience in banking or financial services. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by researching ING's procurement strategies and recent projects. Show us you know your stuff by discussing how your experience aligns with their goals, especially in technology procurement and supplier relationship management.
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email to the hiring manager. Express your enthusiasm for the role and mention something specific about the company that excites you.
✨Tip Number 4
Showcase your adaptability! In your conversations, highlight examples of how you've successfully navigated regulatory challenges in procurement. This will demonstrate your understanding of the compliance landscape that ING operates in.
We think you need these skills to ace Senior Category Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Category Manager role. Highlight your experience in procurement, especially in regulated environments like banking or financial services. We want to see how your skills align with our needs!
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 experiences that demonstrate your ability to manage categories and build relationships with stakeholders.
Showcase Your Knowledge of Regulations: Since this role involves navigating regulatory environments, make sure to mention any relevant knowledge you have about EBA Sourcing Guidelines, DORA, or the AI Act. We love candidates who understand the landscape we operate in!
Apply Through Our Website: Don't forget to apply through our website! 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 at StudySmarter!
How to prepare for a job interview at ING Group
✨Know Your Procurement Stuff
Make sure you brush up on your knowledge of procurement processes, especially in a regulated environment like banking. Understand the key regulations such as EBA Sourcing Guidelines and DORA, as these will likely come up during your interview.
✨Showcase Your Relationship-Building Skills
Since this role involves a lot of stakeholder management, be prepared to discuss how you've successfully built relationships in previous roles. Have specific examples ready that demonstrate your ability to influence and collaborate with various teams.
✨Prepare for Contract Negotiation Scenarios
Expect questions around contract negotiation and supplier management. Think of past experiences where you’ve had to negotiate terms or manage supplier relationships, and be ready to explain your approach and the outcomes.
✨Demonstrate Strategic Thinking
This role requires a strategic mindset, so be prepared to discuss how you would develop and implement category plans. Think about how you can optimise value from vendors and have a few ideas ready to share that align with ING's objectives.