Technology Procurement Manager in London

We are looking for an experienced Technology Procurement Manager to join our global Technology Team and lead how we procure and manage technology suppliers and services. The role sits within our Technology Business Management function and works closely with stakeholders across technology, finance, and assurance teams. You will lead hands‑on commercial procurement activity while helping to define and embed a maturing procurement function in Technology, shaping standards, processes, and ways of working. You will apply sound judgement and proportionate controls to support well‑governed, commercially sound procurement decisions in a global, regulated environment. Over time, this role has the potential to take on broader business management responsibilities in support of the CTO function, making it an attractive opportunity for someone with ambitions beyond procurement to make a wider impact across the Technology team.

Responsibilities

• Lead end‑to‑end technology procurement and vendor management activity, including sourcing strategy, supplier selection, contract lifecycle management, renewals, and identification of cost and value optimisation opportunities.
• Lead complex commercial negotiations, balancing value, cost, contractual protections, supplier performance, and long‑term supplier relationships.
• Build strong, collaborative relationships with technology and business stakeholders, helping them understand the value of procurement and encouraging early, effective engagement in the process.
• Oversee procurement due diligence in partnership with assurance functions to ensure suppliers and contracts are appropriately assessed against regulatory risk and governance expectations.
• Establish and oversee supplier performance and value‑for‑money reviews for key technology vendors, ensuring contracted value is realised over time.
• Define and maintain procurement metrics to measure the effectiveness and delivery of the function, including cycle times, savings delivered, contract coverage, and supplier performance.
• Contribute to the ongoing development and adoption of procurement processes, standards, and ways of working as the function matures.
• Manage procurement workstreams and projects to a high standard, owning planning, prioritisation, stakeholder coordination, and timely delivery across concurrent activities.

Business Management & Reporting

• Manage and develop a small team including a junior procurement team member and UK‑based Technology Administrators, providing day‑to‑day oversight, coaching, prioritisation support, and professional development as the function grows.
• Own technology cost management activity, including spend tracking, budget reporting and cost optimisation analysis, partnering with Finance and Technology to ensure spend is visible, well‑governed, and aligned to budget expectations.
• Apply FinOps principles to support effective management of technology spend, working with Technology and Finance to improve cost visibility, accountability and efficiency.
• Own and maintain a suite of technology metrics, including spend, headcount and delivery performance, working in collaboration with Technology leadership to ensure data is accurate, meaningful and supports informed decision‑making.
• Oversight of IT hardware asset lifecycle management in partnership with Technology teams.
• As needed, support the preparation of materials for CTO presentations to the Board and other senior forums, including briefing papers, reporting packs and supporting analysis.

Qualifications – Must Have

• 4–7 years’ experience in IT procurement, commercial management or vendor management within a technology‑focused environment.
• Proven experience leading complex commercial and contractual negotiations with technology suppliers.
• Experience working closely with assurance functions (legal, information security, compliance, risk and internal audit) as part of vendor due diligence processes.
• Experience helping to build, improve or scale procurement processes.
• Good understanding of regulatory, risk and governance considerations relevant to IT procurement.
• Experience partnering with senior stakeholders across Technology and Finance.
• Strong stakeholder management, communication and influencing skills, with the confidence to challenge constructively and explain complex issues clearly.
• Demonstrated experience leading, coaching and developing others, with line‑management or day‑to‑day people‑oversight experience.
• Demonstrated ability to manage multiple concurrent workstreams or projects, including planning, prioritisation, and stakeholder coordination, with a track record of delivering to agreed timelines.

Qualifications – Nice to Have

• Experience in Financial Services or another regulated industry.
• Familiarity with third‑party risk management or vendor governance frameworks.
• Familiarity with FinOps principles or cost management frameworks.
• Professional procurement or commercial qualifications (e.g. CIPS or equivalent).