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- Tasks: Lead procurement strategy, optimise vendor contracts, and ensure compliance across a global organisation.
- Company: Onyx Capital Group is a rapidly growing global player in energy derivatives, committed to excellence and innovation.
- Benefits: Enjoy a competitive salary, performance bonuses, pensions, private medical insurance, and life assurance.
- Why this job: Shape procurement strategies in a dynamic environment while collaborating with senior leadership and cross-functional teams.
- Qualifications: Proven procurement experience, knowledge of UK regulations, and strong negotiation skills are essential.
- Other info: This role is fully office-based, fostering a high-calibre, entrepreneurial team culture.
The predicted salary is between 43200 - 72000 £ per year.
Overview
Onyx Capital Group is seeking a motivated Procurement Manager to assist with value-driven procurement to support our continued growth and operational excellence. Jointly reporting to the Head of Strategic Finance and Head of Tax, this role will be pivotal in sourcing and optimising the value of goods (e.g. office, data & subscriptions, etc.) and services (e.g. consultants, financial products, etc.) used across the firm. The role also offers a unique opportunity to shape the future of procurement strategy and governance across a global organisation. The successful candidate will bring both strategic procurement expertise and a hands-on approach to vendor and contract management, operating effectively within a regulated environment.
Primary responsibilities
- Conduct value-for-money reviews on existing subscriptions, contracts and purchases to challenge, maximise value and/or reduce spend where appropriate
- Develop and implement a procurement strategy, policies and controls that ensure regulatory compliance, tax efficiency and alignment with group objectives
- Own and manage the procurement pipeline, including tracking contract expirations in anticipation of renegotiations, changes in scope/providers and obtaining new quotes
- Research and identify the optimal mix of products/suppliers on value, delivery and quality
- Lead tenders, evaluate bids and make recommendations based on commercial and value factors
- Negotiate and formalise contracts – liaising with suppliers and internal teams (e.g. trading, advisory, support functions, etc.)
Secondary responsibilities
- Forecast price trends and their impact on future activities
- Build and maintain good relationships with new and existing suppliers
- Develop strategies to achieve or exceed cost savings and supplier performance targets
- Analyse procurement related data to produce regular reports on savings and spend metrics
- Support logistics and tax planning relating to global procurement
Requirements
- Proven experience in procurement, ideally within financial services
- Strong knowledge of UK procurement regulations, frameworks and procedures
- Expertise in tendering, contract negotiation and supplier relationship management
- Ability to build cross-functional relationships across all levels within the organisation, including but not limited to the finance, tax and legal functions
- Chartered Institute of Procurement & Supply (CIPS) qualified or working towards a recognised procurement accreditation is desirable
Benefits
- A competitive base salary and performance-linked bonus structure
- Pensions scheme, private medical insurance and life assurance
- Opportunity to shape and scale a key function with support from cross-functional teams and exposure to senior leadership
- A high-calibre, entrepreneurial team environment where innovation, agility and accountability are valued
This role is fully office-based, 5 days per week.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Other
Industries
IT Services and IT Consulting
Note: Referrals increase your chances of interviewing at Onyx Capital Group.
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Procurement Manager employer: Onyx Capital Group
Contact Detail:
Onyx Capital Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager
✨Tip Number 1
Familiarise yourself with Onyx Capital Group's values and mission. Understanding their commitment to excellence and innovation will help you align your approach during interviews, showcasing how your procurement strategies can contribute to their goals.
✨Tip Number 2
Network with professionals in the procurement field, especially those with experience in financial services. Engaging with industry peers can provide insights into best practices and may even lead to referrals that could strengthen your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed vendor relationships and negotiated contracts in the past. Highlighting your hands-on experience will demonstrate your capability to thrive in a regulated environment like Onyx Capital Group.
✨Tip Number 4
Stay updated on current trends in procurement and supply chain management, particularly within the financial sector. Being knowledgeable about market dynamics will allow you to speak confidently about how you can optimise procurement strategies at Onyx.
We think you need these skills to ace Procurement Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant procurement experience, especially in financial services. Emphasise your strategic procurement expertise and hands-on approach to vendor and contract management.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Onyx Capital Group's values and ambitions. Explain how your skills align with their goals, particularly in developing procurement strategies and optimising value.
Highlight Relevant Achievements: In your application, include specific examples of past successes in procurement, such as cost savings achieved or successful contract negotiations. Quantify your achievements where possible to demonstrate your impact.
Research the Company: Familiarise yourself with Onyx Capital Group's operations, recent developments, and industry position. This knowledge will help you tailor your application and prepare for potential interview questions.
How to prepare for a job interview at Onyx Capital Group
✨Understand the Company Culture
Before your interview, take some time to research Onyx Capital Group's values and culture. They pride themselves on expertise and innovation, so be prepared to discuss how your own values align with theirs and how you can contribute to their forward-thinking approach.
✨Showcase Your Procurement Expertise
Be ready to discuss your previous procurement experiences in detail. Highlight specific examples where you've successfully negotiated contracts or implemented cost-saving strategies, especially within regulated environments, as this is crucial for the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and strategic thinking. Think of situations where you had to conduct value-for-money reviews or manage supplier relationships, and be ready to explain your thought process and outcomes.
✨Demonstrate Cross-Functional Collaboration
Since the role involves working closely with various teams, prepare to discuss how you've built relationships across different functions in your past roles. Share examples of how collaboration has led to successful procurement outcomes and enhanced operational excellence.
