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For Companies At a Glance
- Tasks: Lead procurement strategies for Market Data services and drive supplier relationships.
- Company: Join Phoenix Group, a FTSE 100 leader in long-term savings and retirement.
- Benefits: Enjoy a competitive salary, bonuses, private medical cover, and flexible working options.
- Why this job: Make a real impact in a dynamic role that shapes procurement strategy.
- Qualifications: Experience in indirect procurement, strong negotiation skills, and strategic mindset required.
- Other info: Embrace a culture of inclusivity and continuous improvement with excellent career growth opportunities.
The predicted salary is between 65000 - 80000 £ per year.
Overview
that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we\’re not done yet. The role We\’re looking for a dynamic and commercially astute Group Procurement & Partner Manager to lead procurement category & strategic sourcing strategies for Market Data services. This is a high-impact category within our Asset Management & Product category team, and represents a unique opportunity to shape procurement strategy in a FTSE 100 financial services organisation, where your work will directly influence profitability, risk management and competitive advantage. You\’ll be a trusted business partner to senior stakeholders, driving end-to-end procurement initiatives from supplier identification and negotiation to contract management and continuous improvement. Your category leadership will elevate the role of GPPM across the business, delivering tangible value and innovation in a regulated environment.
Key Accountabilities
- Strategic Category Leadership: Develop and execute procurement strategies aligned with departmental and organisational goals, with a focus on Market Data services.
- Supplier selection and management: Identify, assess, and commercially manage end-to-end relationships with suppliers to ensure the delivery of high quality, best value products and services.
- Sourcing and negotiation: Own the strategic sourcing process, negotiating robust commercial and contractual terms that protect business interests and drive long-term value.
- Cost & Value Optimisation: Implement cost transformation strategies including, but not limited to, demand management, volume consolidation, specification optimisation, cost re-engineering and process efficiencies.
- Risk & Compliance Oversight: Proactively manage risks associated with sourcing activities, including regulatory changes, ESG standards (Environmental, Social and Governance), supplier risks, contract risks and ensure business continuity.
- Cross-functional collaboration: Collaborate with internal stakeholders including Finance, Legal, Risk, and senior business executives to align procurement outcomes with strategic priorities.
- Innovation & Improvement: Drive continuous improvement initiatives with the GPPM Centre of Excellence team ensuring that procurement and third-party management best practices and technology is adopted to enhance the efficiency and effectiveness of the wider function.
What are we looking for?
- Demonstrable depth of experience working in a similar, indirect Procurement lead/manager role (preferably involving Market Data and/or Asset Management services).
- Strategic mindset with a track record of delivering commercial value through adoption of a strategic approach to indirect Procurement, from defining category scope through to on-going execution and evolution of category strategy.
- Exceptional stakeholder management skills, with the ability to influence and build trust at all levels of an organisation in an indirect Procurement capacity.
- Strong commercial and contractual negotiation capabilities, with experience managing complex supplier relationships and procurement projects.
- Working knowledge of procurement systems and financial services regulation, with MCIPS qualification (or working towards) considered an advantage.
We want to hire the whole version of you. We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we\’ve advertised and you believe that you can bring value to the role, we\’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best. We\’re reviewing applications as they come in, so apply early to avoid missing out.
Find out more about #LifeAtPhoenix
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues
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Group Procurement and Partner Manager - Asset Management & Market Data employer: Phoenix Group
Contact Detail:
Phoenix Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Procurement and Partner Manager - Asset Management & Market Data
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. We want you to walk into that interview room feeling confident and ready to show them why you’re the perfect fit for the Group Procurement and Partner Manager role.
✨Tip Number 3
Practice your pitch! You should be able to clearly articulate your experience and how it relates to the role. We recommend doing mock interviews with friends or using online resources to refine your delivery and ensure you make a lasting impression.
✨Tip Number 4
Don’t forget to follow up after your interviews! A simple thank-you email can go a long way in showing your enthusiasm for the position. We believe that this small gesture can help keep you top of mind as they make their decision.
We think you need these skills to ace Group Procurement and Partner Manager - Asset Management & Market Data
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Group Procurement and Partner Manager role. Highlight your experience in procurement, especially in Market Data and Asset Management, and showcase how you've delivered commercial value in previous roles.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific examples of your strategic mindset and stakeholder management skills that align with what we're looking for.
Showcase Your Achievements: Don't just list your responsibilities; highlight your achievements! Use metrics where possible to demonstrate how you've optimised costs or improved supplier relationships. This will help us see the tangible value you can bring to our team.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Phoenix Group
✨Know Your Procurement Strategies
Before the interview, brush up on your knowledge of procurement strategies, especially those related to Market Data services. Be ready to discuss how you've developed and executed similar strategies in the past, as this will show your understanding of the role's requirements.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your exceptional stakeholder management skills. Think about times when you influenced senior executives or built trust across departments. This is crucial for a role that requires collaboration with various internal teams.
✨Master the Art of Negotiation
Since negotiation is key in this role, come equipped with specific examples of successful negotiations you've led. Discuss the outcomes and how they benefited your previous employers, demonstrating your strong commercial and contractual capabilities.
✨Understand Risk and Compliance
Familiarise yourself with the risks associated with procurement in a regulated environment. Be prepared to discuss how you've managed these risks in the past, particularly in relation to supplier relationships and compliance with financial services regulations.
