Head of Procurement in Kennington

London OfficeFinance – Procurement /Full Time /HybridAbout MoneyboxAt Moneybox, our mission is to give everyone the means to get more out of life. We're guided by our belief that wealth isn't about the money, it's about the means to more - more freedom, opportunities, possibilities, and peace of mind. Moneybox is an award-winning wealth management platform, helping over one and a half million people build wealth throughout their lives, whether they’re saving and investing, buying their first home, or planning for retirement.Moneybox has grown from ~5bn to ~25bn of assets under administration in three years. The suppliers we rely on have grown with us, in number, in importance and in regulatory significance, and the way we choose, contract and manage them now needs to keep pace with business growth and regulatory change. We have genuine strengths to build on, particularly in how our Legal, Data Protection and InfoSec Teams negotiate with our most important partners, but need to continue evolving our full third-party lifecycle management approach.As Head of Procurement, you will build and then run the function. You will own the target operating model, make Moneybox’s approach proportionate, with fast routes for genuinely low-risk purchases and real challenge where the regulatory and commercial risks sit. You will be the front door for every new third-party need and the owner of a single view of our supplier estate.This is a builder-into-runner role: the first 12 to 18 months focus on designing and embedding the model, and then on running it well and raising the capability of the people around you. Being a Head of at Moneybox also means helping to define company strategy through cross-functional committees and quarterly planning, and maintaining our culture by living and promoting our values.What You’ll DoOperating model and policyOwn the target operating model for the third-party lifecycle, with clear roles and accountability for the business, procurement, risk, legal, compliance and operationsReplace value-only tiering with a risk-based framework, and own the procurement policy, approval and signing matricesThe front doorOwn the procurement gateway, checking every new need is ready to proceed and setting clear expectations on route, timeline and priorityChallenge and shape requirements early, including build-or-buy and whether an existing supplier could meet the needSourcing and negotiationWorking with business owners, leading RFPs, and triage engagements before specialists are involved so that second-line teams see only what genuinely needs themLead negotiation on material engagements, building in exit and alternative-provider contingency while leverage still existsCompile an independent risk assessment before signing, and escalate where a proposal falls outside risk appetite or departs from its business caseSupplier estate, contracts and renewalsBuild a single view of the supplier estate, its criticality, risk and duplication, and lead consolidation and more strategic relationshipsRun a forward renewal pipeline with lead times set by risk, so every significant renewal is a real decision rather than a deadlineBring long-standing relationships up to the new standard through the first renewal cycles, in order of riskThird-party risk and operational resilienceAct as first line for the second-line teams, and drive consistent risk matrices aligned to the Executive Committee’s risk appetiteWork with the Third Parties and Operational Resilience team so that critical suppliers have robust continuity, recovery and exit plans and that in life expectations are embedded with suppliers and business owners from inceptionCapability, culture and technologyMake procurement help the business move faster and decide better, raising capability through playbooks, coaching and well-designed toolsSet the direction for procurement systems, data and AI, and make the case for the resourcing the model needsWho you areResults-first leader: You possess an ego-less approach to success, instinctively prioritising collective company outcomes over personal or functional ambitionCross-functional catalyst: You thrive in shared-goal environments, understanding that true accountability means bridging silos to ensure the entire team wins, not just your departmentHungry & intellectually curious: You bring an exceptional work ethic and a “thirst for knowledge” that drives you to constantly improve yourself and the systems around youAction-oriented: You have the acumen to translate high-level strategy into tangible outputs, ensuring that “commitment” isn’t just a word, but a measurable resultCollaborative communicator: You build trust by being radically honest, admitting mistakes and asking for help, and you prefer healthy debate to reach the best outcomesExperience and SkillsProcurement leadership in regulated financial services: You have led a procurement or third-party function, or a substantial part of one, in an FCA or PRA regulated firmOperating model builder: You have designed and embedded a procurement or third-party operating model from a low base, and then run it, rather than inheriting a mature functionSenior presence and independence: You have the experience to genuinely test the readiness of a request, hold a position with directors and heads of department, and turn a complex supplier or risk position into a clear recommendation for executive audiencesThird-party risk literacy: You understand legal, data protection, information security and AI risk well enough to spot gaps early and resolve standard positions without needing a specialist every timeRegulatory grounding: You know UK requirements on outsourcing, operational resilience and third-party risk, including critical and material third parties, exit planning and regulatory reportingCommercial negotiation: You have a track record of negotiating material, complex technology and service contracts, and of creating value across a supplier estate rather than deal by dealProportionate and capability-building: You match effort to risk, raise the capability of non-specialists, and see a practical role for automation and AI in routine workWhat’s In It For You?Opportunity to join a fast-growing, award-winning and super ambitious companyWork with a friendly team of highly motivated individualsBe in an environment where you are listened to and can actually have an impactThriving collaborative and inclusive company cultureCompany pension schemeCompany bonus schemeHybrid working environment – by the Oxo TowerHome office furniture allowancePersonal Annual Learning and Development budgetPrivate Medical InsuranceHealth Cash Plan – cashback on everyday healthcare like dental and opticiansCycle to work scheme – spread the cost of a new bike and accessoriesCycleSaver – save on bike-share subscriptions and have a more sustainable commuteWellhub subscription to a variety of gyms and wellbeing appsEnhanced parental pay & leave25 days holiday +