At a Glance
- Tasks: Lead procurement strategies and manage supplier relationships to drive operational savings.
- Company: Join Monex, a global leader in FX risk management and international payments.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on innovation and sustainability.
- Why this job: Make a real impact in a dynamic environment while enhancing your career in procurement.
- Qualifications: Experience in procurement, strong negotiation skills, and a knack for strategic thinking.
The predicted salary is between 56700 - 69300 £ per year.
Procurement & Vendor Manager | Manchester
Monex specialises in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence.
Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.
In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions.
With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.
By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape.
Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.
Department Overview
The Procurement function is responsible for acquiring the goods, services, and work required to support the organisation's operations while delivering value for money, managing risk, and ensuring compliance with corporate policies and applicable regulations.
Working collaboratively with stakeholders across the business, the procurement function develops sourcing strategies, manages supplier relationships, negotiates contracts, and oversees purchasing activities to ensure the timely and cost-effective delivery of products and services.
Procurement also plays a key role in supporting operational continuity, driving efficiencies, promoting innovation, and achieving sustainability.
The Procurement function partners closely with Finance, Operations, Legal, IT, HR and Office Services to ensure procurement activities align with organisational priorities and strategic objectives.
Through continuous improvement, market intelligence, and effective supplier management, the department should seek to maximise value, enhance service quality, mitigate commercial risk, and contribute to the organisation's long-term success.
Job Overview
As Procurement Manager, you will be responsible for building and operating the overall Procurement function, this includes but not limited to all areas of company Sourcing/Purchasing, Supplier Management.
Taking accountability and leadership on all procurement efforts to maximize value whilst incorporating a compliant policy throughout to ensure there is a robust end-to-end Procurement process efficiently and effectively across Monex.
Key Responsibilities & Accountabilities
- Responsible for creating and owning the procurement and supply chain strategy and identifying any gaps against any existing policy and procedures, whist creating new ones if needed.
- Drive demonstrable operational savings through working with each global function by aligning procurement with the function strategy, driving synergies and consolidation, or looking for more cost effective solutions.
- Build a KPI framework and agree quarterly procurement target savings through aactive management of third-party spend and renewals.
Lead all procurement related operational matters, driving cross-team and customer collaboration.
Creating, setting and leading the overall direction for the procurement policy, spend analytics, procurement related regulatory standards, risk, assurance, governance and compliance matters related to third party spend.
- Manage the lifecycle of sourcing and procurement activity, from planning and bid preparation to budget/forecasting, negotiation, conracting invoicing, reporting and renewals.
- Develop product category strategies aligned with business needs, build a supply chain capable of delivering the desired service levels, at competitive cost and ensure suppliers are willing to invest in the strategy.
- Drive savings by developing and applying strategies including volume leverage, supplier concentration, supply chain segmentation and negotiate prices, schedules and other terms as required.
- Develop collaborative long-term partnerships with suppliers, contractors and outsourced service providers to reduce costs, to meet legislative requirements and achieve high quality outcomes.
- Ensure that procurement activity is compliant with all relevant regulatory and best practice frameworks, including DORA, operational resilience and ISO27001.
- Provide strategic supply base management including supplier selection, negotiations, and supplier relationship/performance management.
- Lead strategic development, improvement and implementation of best practice procurement frameworks and tools, adapting with customer needs, changing business and external market priorities.
- Lead the engagement and influence of senior leaders, challenging operational and governance-based decision making.
- Create a collaborative model for sustainable procurement operational success (ESG).
- Lead when required external market assessments specific to operational, sustainability and CSR matters e. g. market trend analysis, market dynamics, market shifts, new product offerings, innovation and trends.
- Support business-critical supplier risks and assurance matters.
- Establish and maintain strong relationships with key internal/ stakeholders.
- Lead/ oversight on market tenders/ evaluation processes when required across a cross-functional teams to determine supplier selections, understanding business requirements and structure.
- Support contract owners with questions related to compliance with regulations when taking in new suppliers or working with existing ones.
- Drive strategic initiatives further to develop the procurement process and its supporting material.
- Business Knowledge / Technical Skills
- Proven success in establishing credibility, respect, and trust with teams and executive leadership in a complex global environment.
- Experience in navigating and understanding commercial agreements.
- Well-developed negotiation and conflict resolution capabilities.
- Strong business judgement, instincts, and organizational skills.
- Having a strong ability to read and understand legal requirements and know how to apply them to strategies, structures, and processes that foster compliance.
- Leadership / Management Skills
- Leads by example, embodying the culture and values of the Company;
- Cultivate an environment of psychological safety, innovation, creativity and increased productivity;
- Able to anticipate issues and risks and mitigate accordingly;
- Credibility in dealing with clients and colleagues across a complex organisations with different cultures and geographies;
- Ensuring and maintaining the standard of all documentation for their department’s systems, controls, policies and processes;
- Maintenance of decision-making records;
- Previous line management experience essential.
- Systems / Knowledge Skills
- MS Office; Outlook, Word, advanced Excel including V-Lookups, pivot tables;
- HR Systems – Workday
If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!
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Procurement & Vendor Manager in Manchester employer: Monex Global
Monex is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets expertise in FX sales. With a strong focus on employee growth and development, we provide comprehensive training and support to help you excel in your role while fostering a collaborative culture that values integrity and client success. Join us to be part of a global team that not only drives business growth but also prioritises your professional journey in the fast-paced financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement & Vendor Manager in Manchester
✨Get Savvy with Industry Perks
Join procurement and purchasing forums or groups where pros hang out, like CIPS (Chartered Institute of Procurement & Supply). They'll share the inside scoop on job openings that might not show up on traditional job boards!
✨Show Off Your Skills
Consider creating a portfolio that outlines your achievements in procurement, like cost-saving initiatives or supplier management strategies. Having tangible evidence of your skills can really set you apart when applying to companies like Monex Global.
✨Tap into Your Network
Leverage LinkedIn to connect with professionals in procurement—follow relevant hashtags, join groups, and engage in discussions. This is a great way to get noticed by potential employers before they even post a job!
✨Keep Your Eyes on Job Boards
With full-time positions, timing can be everything. Set alerts on job boards specifically for procurement roles. Don't wait for a job posting to close; apply through our website as soon as you see a fit—being proactive can give you the edge!
We think you need these skills to ace Procurement & Vendor Manager in Manchester
Some tips for your application 🫡
Show Off Your Procurement Know-How:When you're crafting your CV, make sure to highlight any procurement-specific skills you've got. Talk about your experience with supplier negotiations, cost analysis, or inventory management. If you’ve used software like SAP or Oracle, don’t forget to mention that too – it shows you know your way around the tech side of things!
Quantify Your Achievements:In procurement, numbers matter. Use your CV and cover letter to showcase any quantifiable achievements you've made in reducing costs or improving efficiencies. For example, mentioning that you helped save 20% on purchasing costs last year is way more impressive than just saying you managed the budget!
Tailor Your Cover Letter to Monex Global:Your cover letter should read like you’re chatting directly to Monex Global. Research the company’s procurement strategy, mention how your skills align with their goals, and share your enthusiasm for contributing to their success. This personal touch can really set you apart from the crowd!
Professional Certs Can Go a Long Way:If you've got any procurement-related certifications, such as CIPS or APICS, make sure they're front and centre on your CV. These qualifications show you're serious about your career in procurement and are committed to continuous learning. It’s a great way to signal your expertise and dedication to potential employers like Monex Global.
How to prepare for a job interview at Monex Global
✨Show Off Your Negotiation Skills
In procurement, strong negotiation skills are key. Be ready to share examples of past negotiations where you've successfully saved costs or improved supplier terms. We want to hear how you approached those situations and the strategies you used to achieve positive outcomes!
✨Know Your Tools
Make sure you’re familiar with procurement software and tools commonly used in the industry, such as SAP Ariba or Coupa. Come prepared to discuss any experiences you've had with these tools or similar platforms, as we need someone who can hit the ground running at Monex Global!
✨Understand Market Trends
As a procurement professional, being aware of market trends can set you apart. Brush up on recent developments in supply chain management or procurement best practices and think about how they could impact your role at Monex Global. Bringing a current perspective will show your enthusiasm for the industry.
✨Demonstrate Your Team Player Attitude
A full-time position means you'll be working closely with various teams. Be prepared to discuss how you collaborate with others, manage conflicts, and build relationships with stakeholders. Sharing anecdotes about past teamwork experiences will highlight your ability to fit into Monex Global's culture.
