At a Glance
- Tasks: Lead procurement strategies and manage supplier relationships in a fast-paced financial services environment.
- Company: Join a leading financial services organisation with a focus on compliance and value delivery.
- Benefits: Competitive salary, bonus, hybrid working, and opportunities for professional growth.
- Other info: Dynamic role with excellent career progression in a regulated industry.
- Why this job: Make a real impact by ensuring suppliers meet regulatory standards while driving cost savings.
- Qualifications: Experience in procurement within financial services and strong negotiation skills required.
The predicted salary is between 65000 - 65000 € per year.
We’re working with a leading financial services organisation to recruit an experienced Procurement Manager. This role sits within a highly regulated environment and works closely with senior stakeholders to manage supplier strategy, onboarding, and ongoing governance.
You’ll play a key role in ensuring suppliers are selected, onboarded, and managed in line with FCA and PRA regulatory requirements, while delivering strong commercial value to the business. This is a fast-paced opportunity suited to someone with strong procurement experience in financial services or insurance, who can manage multiple priorities and operate confidently across a complex stakeholder landscape.
Key Responsibilities- Align procurement activity with wider business and regulatory objectives
- Lead sourcing activity, including RFP processes and supplier selection
- Manage end-to-end contract lifecycle, including onboarding, renewals, and exits
- Ensure all third-party suppliers are compliant with FCA/PRA requirements and internal governance frameworks
- Support and deliver robust supplier onboarding processes, including due diligence and risk assessments
- Build and maintain strong relationships with key internal stakeholders and external suppliers
- Oversee contract management activity, including performance, risk, and compliance monitoring
- Drive cost savings through effective negotiation and sourcing strategies
- Monitor and report on savings targets and procurement performance
- Identify and escalate risks associated with supplier relationships
- Support procurement governance, reporting, and continuous improvement initiatives
- Proven experience managing procurement activity within Financial Services or Insurance
- Strong understanding of FCA and PRA regulations, particularly in relation to third-party onboarding and supplier risk management
- Experience leading complex RFP processes with Tier 1 suppliers
- Category experience across professional services and/or claims supply chain preferred
- Experience supporting underwriting and/or claims functions advantageous
- CIPS qualification (or working towards) preferred
- Strong commercial acumen and negotiation skills
- Experience managing supplier relationships, performance, and risk
- Ability to manage multiple priorities in a fast-paced, regulated environment
- Experience working within large, complex organisations
- Excellent stakeholder engagement and communication skills
- Strong analytical capability, including interpreting financial data to inform decisions
- A collaborative approach and ability to influence at all levels
- A results-driven mindset with a focus on delivering value and compliance
- Strong judgement and problem-solving capability
- A proactive approach to risk and regulatory adherence
- Commitment to continuous improvement and best practice
Procurement Manager in Broughton employer: Sanderson
As a leading financial services organisation, we pride ourselves on being an excellent employer that fosters a collaborative and results-driven work culture. Our hybrid working model allows for flexibility while ensuring that our Procurement Managers are supported in their professional growth through continuous improvement initiatives and strong stakeholder engagement opportunities. With a focus on compliance and delivering commercial value, we offer a dynamic environment where your expertise in procurement can truly make an impact.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager in Broughton
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector and let them know you're on the hunt for a Procurement Manager role. You never know who might have the inside scoop on an opportunity or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of FCA and PRA regulations. Be ready to discuss how you've navigated compliance in past roles. This will show potential employers that you’re not just a fit for the job, but that you understand the landscape you'll be working in.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation for the opportunity. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply directly through our website! We’ve got a streamlined process that makes it easy for you to showcase your skills and experience. Plus, it gives us a chance to see your application first-hand and get you in front of the right people.
We think you need these skills to ace Procurement Manager in Broughton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Procurement Manager role. Highlight your experience in financial services and any relevant procurement activities you've led. We want to see how your skills align with our needs!
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 experiences that demonstrate your understanding of FCA and PRA regulations, as well as your ability to manage supplier relationships.
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Quantify your successes where possible, like cost savings or improved supplier performance. We love seeing how you’ve made a difference in previous roles.
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 Sanderson
✨Know Your Regulations
Make sure you brush up on FCA and PRA regulations before the interview. Being able to discuss how these regulations impact procurement processes will show that you understand the complexities of the role and can navigate the regulatory landscape effectively.
✨Showcase Your Stakeholder Skills
Prepare examples of how you've successfully managed relationships with senior stakeholders in the past. Highlight your communication skills and how you've influenced decisions, as this is crucial for a Procurement Manager in a fast-paced environment.
✨Demonstrate Your Negotiation Prowess
Be ready to discuss specific instances where you've driven cost savings through effective negotiation. Use quantifiable results to back up your claims, as this will illustrate your strong commercial acumen and ability to deliver value.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving capabilities and risk management skills. Think about past challenges you've faced in procurement and how you overcame them, especially in a regulated environment.
