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For Companies At a Glance
- Tasks: Lead sourcing and supplier management, ensuring cost-effective goods and services.
- Company: Join Kensington Mortgages, a company that values diversity and professional development.
- Benefits: Enjoy remote work, a supportive culture, and opportunities for personal growth.
- Why this job: Make a real impact while developing your skills in a dynamic environment.
- Qualifications: Senior category management experience and strong negotiation skills required.
- Other info: CIPS qualification is a plus; we embrace diversity and equal opportunities.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
** We're Hiring: Senior Sourcing and Supplier Manager **
Location: Remote
Hours: Monday – Friday 09:00-17:30
Contract : 12 Months FTC
Direct Reports: None
Join our team in this new role as a Senior Sourcing and Supplier Manager
Deliver effective sourcing and third-party risk management ensuring that goods and services are sourced cost effectively and third-party risks are managed within the IT & NON IT categories.
Key Accountabilities
- Contribute to the P&P strategic sourcing plan that incorporates renewal of existing third-party contracts, negotiation of new contracts supporting the business growth and change agenda and plans to select new third parties as required.
- Support the P&P strategic vision and development plan.
- Within category ensure to be keeping up to date with external markets with a view to identifying innovations and market leading capabilities that will benefit the category
- Manage the P&P relationship with stakeholders responding to requirements and requests for support.
- Support the drive to establish a business wide cultural awareness of the value derived from partnering with the P&P function.
- Influence stakeholders, Business Relationship Managers (BRMs) and budget holders to ensure that third party contracts and relationships are managed in line with policies and frameworks.
- Support the building of the procurement function and deputizing for the Head of Procurement and Partnership as required wider organizational capability by developing the skills of the BRM group and budget holders to enable improved third-party outcomes.
- Take accountability for the third party spend within this category and lead on the delivery of cost efficiencies.
- Ensure that goods and services within the category are sourced in line with best practice and established policies.
- Ensure the sourcing activity identifies risks and mitigates these through effective contracts working with the legal team.
- Support development and maintenance of a third-party risk management framework which considers all phases of the 3rd party life cycle
- Support development and maintain appropriate tools and templates to enable the execution of third-party risk management.
- Ensure that high risk third parties in the category have exit strategies in place.
- Support the embedding of third-party risk management into the organization working with business relationship managers.
- Support the development and maintenance of appropriate training materials and guides to support business relationship managers in executing third party risk management.
- Own key relationships with strategic third parties and provide support to stakeholders and business relationship managers where incidents and issues require resolution.
- Develop and manage third parties in the category to ensure business outcomes are delivered, appropriate performance levels are achieved, value for money is obtained and innovation delivered.
- Deliver commercial management support for key business projects within the category.
- Ensure third parties in the category are sourced and managed in compliance with relevant standards and regulations.
- Establish and maintain cost optimisation governance forums to monitor sourcing activity and third-party risk management in each business area within the category with the objective of delivering cost effective contracts and appropriately managed third parties.
- Ensure all records associated with the category are stored and reported accurately such as Sourcing reporting, third party risk management activity and the third party contracts.
Experience, Knowledge, Skills
- Senior category management experience ideally in Financial Services
- Category leadership of strategic sourcing activity including experience of negotiation of significant and complex services contracts
- Third party risk management activity within the category
- Strong knowledge of contractual and commercial terms including complex managed service contracts.
- Experience in working in a fast-paced environment.
- Demonstrable negotiation experience
- Strategic sourcing best practice, particularly in the relevant category
- Third party risk management best practice ideally in Financial Services
- Communication, presentation and influencing skills including to Senior Management
- Excellent inter personnel and stakeholder management skills with the ability to build relationships and influence colleagues at all levels.
- An outward looking approach to identify market opportunities for innovation in the supply chain.
- Financial acumen – the ability to interpret profit and loss accounts, balance sheets, cash-flows and to generate business cases.
- CIPS qualification an advantage or equivalent professional qualification
Why Join Kensington Mortgages
At KMC our employees are the heart of our success. We strive to create a workplaces that promotes professional development and work-life balance.
Our inclusive culture values diversity in all its forms, ensuring everyone feels respected and valued.
As an equal opportunity employer, we embrace differences in gender, race, identity, ethnic origin, and sexual expression
Ready to make a difference?
If you're passionate about providing an exceptional service and want to join a team that values your contributions we'd love to hear from you!
Apply today and be part of the Kensington Mortgages family and help us to continue making a positive impact in the lives of our customers.
Senior Sourcing & Supplier Manager employer: Kensington Mortgage Company
Contact Detail:
Kensington Mortgage Company Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Sourcing & Supplier Manager
✨Tip Number 1
Familiarise yourself with the latest trends in sourcing and supplier management, especially within the financial services sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a fast-paced environment.
✨Tip Number 2
Network with professionals in the procurement and sourcing field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss specific examples of your negotiation experiences and how you've managed third-party risks in previous roles. Being able to articulate these experiences clearly will set you apart from other candidates.
✨Tip Number 4
Showcase your ability to influence stakeholders by preparing case studies or scenarios where you've successfully navigated complex relationships. This will highlight your interpersonal skills and strategic thinking, which are crucial for this role.
We think you need these skills to ace Senior Sourcing & Supplier Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in sourcing and supplier management, particularly in financial services. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your strategic sourcing experience and negotiation skills. Mention specific examples of how you've managed third-party risks and delivered cost efficiencies in previous roles.
Highlight Relevant Skills: Emphasise your knowledge of contractual terms and third-party risk management best practices. Include any CIPS qualifications or equivalent certifications that may strengthen your application.
Showcase Stakeholder Management: Provide examples of how you've successfully influenced stakeholders and built relationships at all levels. This is crucial for the role, so make sure to highlight your interpersonal skills.
How to prepare for a job interview at Kensington Mortgage Company
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the Senior Sourcing and Supplier Manager role. Familiarise yourself with the key accountabilities and how they align with the company's goals. This will help you articulate how your experience fits the position.
✨Showcase Your Negotiation Skills
Given the emphasis on negotiation in this role, prepare examples of past negotiations you've successfully led. Highlight your strategies, outcomes, and how they benefited your previous employers, especially in complex service contracts.
✨Demonstrate Stakeholder Management Experience
Be ready to discuss your experience in managing relationships with stakeholders. Provide specific examples of how you've influenced decision-making and built rapport with colleagues at various levels, particularly in a fast-paced environment.
✨Highlight Your Financial Acumen
Since the role requires financial understanding, be prepared to discuss how you've interpreted financial documents like profit and loss accounts or balance sheets in your previous roles. Show how this knowledge has helped you make informed sourcing decisions.
