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- Tasks: Lead global procurement strategy and drive innovation in sourcing processes.
- Company: Join IPC, a global fintech leader focused on innovation and client success.
- Benefits: Enjoy competitive salary, private medical insurance, and generous holiday allowance.
- Why this job: Make a significant impact in a dynamic environment with a focus on sustainability.
- Qualifications: 10+ years in procurement with strong leadership and negotiation skills.
- Other info: Experience a hybrid work culture that values collaboration and innovation.
The predicted salary is between 72000 - 108000 ÂŁ per year.
DEPARTMENT: Procurement
REPORTING TO: CAO
OFFICE LOCATION: London
ROLE TYPE: Hybrid, Full-time
IPC is a global fintech company that puts people at the center of innovation. With a strong global footprint, we empower financial institutions and capital markets with advanced cloud-based trading communications and managed connectivity solutions. Through our portfolio of communications and connectivity solutions, we focus on solving business challenges and adapting to regulatory changes in the fast-paced global financial markets. This enables our clients to maintain consistent market access, a strong competitive advantage, and enhanced operational efficiency. Join a team that is dedicated to delivering groundbreaking products and making a significant impact on our clients' success.
Role Overview: The VP, Head of Procurement is responsible for developing and executing the organization’s global procurement strategy to ensure cost efficiency, quality, compliance, and sustainability across all sourcing activities. This role oversees supplier relationships, negotiates major contracts, and drives innovation in procurement processes to support business objectives.
How You Will Make an Impact:
- Strategic Leadership
- Define and implement a global procurement strategy aligned with IPC’s Objectives and Goals, particularly focusing on SaaS.
- Drive cost optimization, risk management, and supplier performance improvement.
- Establish procurement policies, governance frameworks, and compliance standards.
- Supplier & Contract Management
- Build and maintain strong relationships with key suppliers and partners.
- Negotiate high-value contracts ensuring favourable terms and risk mitigation.
- Monitor supplier performance and implement corrective actions when needed.
- Operational Excellence
- Lead procurement transformation initiatives, including digital tools and automation, with particular focus on AI innovation.
- Ensure timely and cost-effective sourcing of goods and services.
- Oversee category management and spend analysis to identify savings opportunities.
- Review offshoring spend.
- Risk & Compliance
- Ensure adherence to regulatory requirements and ethical sourcing practices.
- Develop contingency plans for supply chain disruptions and geopolitical risks in partnership with IPC’s Risk team.
- Team Leadership
- Manage and develop a high-performing procurement team.
- Foster a culture of collaboration, innovation, and continuous improvement.
Essential Skills and Experience to be Successful in this Role:
- 10+ years of progressive experience in procurement or supply chain, with at least 5 years in a senior leadership role.
- Proven track record in global sourcing, contract negotiation, and supplier management.
- Strong knowledge of procurement technologies and digital transformation.
- Excellent leadership, communication, and stakeholder management skills.
- Ability to manage complex, multi-country procurement operations.
Desired Skills and Experience:
- Familiarity with ESG principles and sustainable procurement practices.
- Previous roles within a SaaS based company.
What’s in It for You? At IPC, your compensation is only part of the package. We are committed to investing in a range of programs and initiatives to improve the overall experience of our employees. In addition to a collaborative, high-performing team environment, we’re pleased to offer benefits including:
- Competitive Base Salaries
- Private Medical Insurance, Dental Insurance and Optical Reimbursement
- Salary Sacrifice Pension Scheme
- 25 Holidays per Year Plus Public Holidays
- Additional Time off for Charity Work and Volunteering
- Tuition Reimbursement
- Certification Bonus Program
- Access to “IPC University” our Internal E-Learning Platform
- Enhanced Parental Leave
- Wellness Program
- Fitness Membership
- Cycle to Work Scheme
- Season Ticket Loan
- Employee Referral Scheme
Further information about your benefits will be provided during your onboarding process.
Additional Information: At IPC, we believe that hybrid working creates an inclusive, flexible environment where employees can perform at their best, and teams can collaborate, innovate, and celebrate successes together. We spend around 60% of our time in the office and around 40% of our time working remotely. Some employees may be required to work from the office or client sites more than 60% of the time, if required by their role and/or client needs. Your precise work schedule will be determined by you and your Line Manager before commencement of employment with IPC.
IPC’s Work Culture: The IPC work culture is one that fosters inclusion, prioritises innovation, and maximises potential. We are a global ecosystem, full of diverse people that together made IPC what it is today. Our strength as an organization is the sum of our different backgrounds, perspectives, skills and geographies; supported by an ironclad commitment to constructive dialogue and open-mindedness. We live and breathe our commitment to innovation by embracing bold ideas, seizing new opportunities, and striving for excellence. Our people have continued to deliver ground-breaking solutions to our clients for over 50 years.
VP, Head of Procurement in City of London employer: IPC Systems
Contact Detail:
IPC Systems Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land VP, Head of Procurement in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the procurement field and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.
✨Tip Number 2
Prepare for interviews by researching IPC's values and recent projects. Tailor your responses to show how your experience aligns with their goals, especially in areas like SaaS and digital transformation.
✨Tip Number 3
Practice your negotiation skills! As a VP, Head of Procurement, you'll need to demonstrate your ability to secure favourable terms. Role-play scenarios with a friend or mentor to build confidence.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the IPC team.
We think you need these skills to ace VP, Head of Procurement in City of London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience in procurement and leadership. We want to see how your skills align with our goals at IPC, especially in SaaS and global sourcing.
Showcase Your Achievements: Don’t just list your responsibilities; share specific examples of how you’ve driven cost efficiency or improved supplier relationships. We love seeing quantifiable results that demonstrate your impact!
Be Authentic: Let your personality shine through in your application. We value a culture of collaboration and innovation, so showing us who you are can really make you stand out. Be genuine about your passion for procurement!
Apply Through Our Website: We encourage you to submit your application directly through our website. It’s the best way to ensure it gets into the right hands and shows your enthusiasm for joining our team at IPC!
How to prepare for a job interview at IPC Systems
✨Know Your Procurement Strategy
Before the interview, make sure you have a solid understanding of procurement strategies, especially in the context of SaaS. Research IPC’s current procurement practices and think about how you can align your experience with their goals.
✨Showcase Your Negotiation Skills
Prepare specific examples of high-value contracts you've negotiated in the past. Be ready to discuss your approach to risk management and how you’ve successfully mitigated risks in supplier relationships.
✨Demonstrate Leadership Experience
Highlight your experience in managing and developing teams. Think of instances where you fostered collaboration and innovation within your team, as IPC values a high-performing culture.
✨Emphasise Digital Transformation Knowledge
Since IPC is focused on digital tools and AI innovation, be prepared to discuss your familiarity with procurement technologies. Share any relevant experiences where you led or contributed to digital transformation initiatives.