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For Companies At a Glance
- Tasks: Lead procurement strategy and mentor your team in a dynamic financial services environment.
- Company: Join a top financial services firm based in Canary Wharf, undergoing exciting transformation.
- Benefits: Enjoy a competitive salary, professional development opportunities, and a collaborative work culture.
- Why this job: Be part of a pivotal role that shapes the company's future and enhances your leadership skills.
- Qualifications: CIPS qualified with 2-5 years as a Director in regulated environments; strong procurement experience required.
- Other info: McGregor Boyall promotes diversity and is an equal opportunity employer.
The predicted salary is between 72000 - 108000 £ per year.
Our client, a leading financial services company based in Canary Wharf, is now hiring a Procurement Director to join its team.
This is an exciting opportunity to join a business going through a massive transformation and play an instrumental role in developing their strategy, develop and mentoring the team you will manage.
As a Procurement Director, you will define and implement the company's corporate services strategy while driving sourcing initiatives and strategy, implementing new technologies, managing your team, and running operations.
This role is based in a highly regulated environment where risk and compliance are highly important. You will promote and work within the implemented Third-Party Management (TPM) framework .
The ideal candidate should have worked as a Director for 2-5 years, have solid experience in regulated environments, be CIPS qualified, and have management experience.
Skills/Experience Required:
- Extensive experience working within Procurement in a financial services environment (ideally banking or FMI ( Financial Market Infrastructure)) and / or strong Procurement and operational experience across a range of categories in a financial institution or professional services
- Strong knowledge of UK Procurement regulations and financial services compliance (FCA, EBA Reg HH, PSR, etc.).
- Procurement and Supply Chain in-depth knowledge
- Team Management / Coaching experience required
- Experience of applying Procurement skills and techniques to disrupt business strategy
- Excellent Stakeholder management skills with the ability to build and maintain complex and multiple business stakeholder relationships
- Team player with the ability to work constructively and flexibly in a regulated environment, including assisting in tasks which are not necessarily within their immediate responsibility when required
- Commercial acumen & financial awareness
- Risk management & compliance focus
- CIPS qualification
McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.
Procurement Director employer: McGregor Boyall
Contact Detail:
McGregor Boyall Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Director
✨Tip Number 1
Network with professionals in the financial services sector, especially those who have experience in procurement. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in procurement within regulated environments.
✨Tip Number 2
Familiarise yourself with the specific procurement regulations and compliance requirements relevant to the financial services industry, such as FCA and EBA regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role's complexities.
✨Tip Number 3
Prepare to discuss your previous experiences in managing teams and driving sourcing initiatives. Be ready to share specific examples of how you've successfully implemented strategies that align with corporate goals, particularly in a regulated environment.
✨Tip Number 4
Showcase your stakeholder management skills by preparing examples of how you've built and maintained relationships with various business stakeholders. Highlight your ability to navigate complex organisational structures and collaborate effectively across departments.
We think you need these skills to ace Procurement Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in procurement, especially within financial services. Emphasise your management experience and any relevant qualifications, such as CIPS, to align with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company's transformation journey. Mention specific examples of how you've successfully implemented procurement strategies in regulated environments.
Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description, such as stakeholder management, risk compliance, and team coaching. Use concrete examples to demonstrate your expertise in these areas.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Procurement Director role.
How to prepare for a job interview at McGregor Boyall
✨Showcase Your Procurement Expertise
Make sure to highlight your extensive experience in procurement, especially within financial services. Be prepared to discuss specific projects where you've successfully implemented sourcing strategies or managed supplier relationships.
✨Demonstrate Compliance Knowledge
Since the role is in a highly regulated environment, it's crucial to show your understanding of UK procurement regulations and compliance standards. Prepare examples of how you've navigated these regulations in past roles.
✨Emphasise Team Management Skills
As a Procurement Director, you'll be managing a team. Share your experiences in mentoring and developing team members, and provide examples of how you've fostered a collaborative work environment.
✨Prepare for Stakeholder Engagement
Strong stakeholder management skills are essential for this role. Think of instances where you've built and maintained complex relationships with various stakeholders, and be ready to discuss your approach to effective communication and collaboration.
