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 collaborative team.
- 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.
Salary: c£65k (DOE) + bonus & benefits
Location: Edinburgh, Glasgow or Newcastle (hybrid 1-2 days per week in the office)
Type: Permanent
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 Edinburgh employer: Sanderson
Join a leading financial services organisation that values its employees and fosters a collaborative work culture. With a competitive salary of c£65k plus bonuses and benefits, this role offers the opportunity to thrive in a dynamic environment while working hybrid in vibrant cities like Edinburgh, Glasgow, or Newcastle. The company is committed to employee growth, providing continuous improvement initiatives and a supportive atmosphere for professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Procurement Manager in Edinburgh
✨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, as this will show you're the right fit for managing supplier relationships in a regulated environment.
✨Tip Number 3
Showcase your negotiation skills! Think of examples where you've driven cost savings or improved supplier performance. This will demonstrate your commercial acumen and ability to deliver value, which is key for a Procurement Manager.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Procurement Manager in Edinburgh
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 the key responsibilities listed in the job description.
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 how you've managed supplier relationships or led RFP processes, and don’t forget to show your understanding of FCA and PRA regulations.
Showcase Your Achievements:When detailing your experience, focus on your achievements rather than just duties. Quantify your successes where possible, like cost savings or improved supplier performance. This will help us see the 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’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
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 ability to influence and collaborate, as this is crucial for a Procurement Manager working across various departments.
✨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 skills and ability to manage multiple priorities. Think about past experiences where you had to juggle competing demands and how you ensured compliance while delivering results.
