At a Glance
- 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.
- Other info: This role is fully office-based, fostering a high-calibre, entrepreneurial team culture.
- 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.
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 in London employer: Onyx Capital Group
At Onyx, we pride ourselves on being an exceptional employer that fosters a culture of high performance and continuous development. Our commitment to employee growth is evident through our in-house learning initiatives, providing opportunities for creative collaboration and skill enhancement in a dynamic environment. As a Mid-Weight Video Editor, you'll not only contribute to impactful educational content but also thrive in a supportive atmosphere that values innovation and teamwork.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager in London
✨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 Onyx Capital Group.
✨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 Manager in London
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 Onyx Capital Group:Your cover letter should read like you’re chatting directly to Onyx Capital Group. 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 Onyx Capital Group.
How to prepare for a job interview at Onyx Capital Group
✨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 Onyx Capital Group!
✨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 Onyx Capital Group. 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 Onyx Capital Group's culture.
