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- Tasks: Lead supplier relationships and optimise procurement processes for a dynamic banking environment.
- Company: Join Starling, a revolutionary UK bank blending technology with finance for a better customer experience.
- Benefits: Enjoy a collaborative culture, competitive salary, and opportunities for professional growth.
- Other info: Experience in fintech is a plus; embrace a fast-paced, innovative work atmosphere.
- Why this job: Be part of a high-performing team making a real impact in the financial sector.
- Qualifications: 3+ years as a Procurement Manager with strong negotiation and relationship-building skills.
The predicted salary is between 48000 - 72000 £ per year.
3 weeks ago Be among the first 25 applicants
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Hello, we\’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We\’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We\’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.
We\’re looking for a Procurement Manager to come join our Procurement team. You\’ll join a high performing team and will be responsible for overseeing the sourcing process, optimising supplier relationships, and leveraging market insights to help deliver tangible value whilst supporting sustainable growth.
Responsibilities:
- Maintain the relationships with a pool of suppliers within specific categories of spend ensuring a professional and high level of engagement, providing Starling with a ‘share of voice\’ within the supplier organisation
- Engage in the process of reviewing, negotiating, contracting, and recontracting third-party agreements in a manner consistent with commercial, regulatory, legal and policy principles for both new and renewal agreements
- Negotiate and establish competitive commercial agreements, documenting evidence of commercial improvements or cost avoidance
- Post contract: Be responsible for the ‘In-Contract Management\” of an agreement, measuring the relationship against agreed SLAs, engaging with internal stakeholders and ensuring a regular cadence of MI meetings with strategic suppliers
- Look for opportunities to optimise vendor\’s commercial and operational performance as well as internal processes
- Identify, document and agree requirements at the beginning of a project to provide clarity during the contracting, negotiation & sign off process
- Maintain knowledge of third-party arrangements with an emphasis around ‘Service Level Agreements\’; pricing, termination and notice provisions
- Maintain a sound working knowledge base of category supplier capacities in market, category market trends and developments, attending trade events and conferences where applicable
- Keep abreast of all sector regulatory legislation and changes. Ensuring you comply with all associated training.
- Ensure that all procurement and contractual workflows are maintained and kept up to date within the contract management system
- Build healthy and productive relationships with key internal stakeholders within category spend areas
- Act as a point of escalation, providing guidance and support to stakeholders across the organisation
- Work closely with the Vendor Management Office (VMO) and Due Diligence team ensuring supplier on-boarding is in line with company values, ensuring all relevant criteria and ethical thresholds are met
- Work closely with the commercial legal team throughout the contracting process
- Work in tandem with both the Data Protection and Security teams ensuring contracts meet current thresholds in these areas
- Contribute to Monthly reporting and updates to Executives (VMF)
- Conduct market tenders / benchmarks (RFP, RFI & RFQs) as required
- Where applicable, maintain inventory (volume & quality thereof) with suppliers providing up to date forecasts and ensuring a seamless supply of product as required by the business
- Ambassador for the wider function within Starling
Requirements
- Minimum of 3 years experience as a Procurement Manager
- Experience of collaborating with internal and external stakeholders
- Experience of working on IT & SaaS (Software as a Service) contracts
- Strong research skills
- Highly numerate, with the ability to analyse and interpret challenging data, in order to provide positive commercial outcomes
- Be contractually literate and have the ability to negotiate around the finer points of an agreement
- Have experience of managing & writing RPPs and tender documentation
- Great relationship-building, communication, problem solving, organisational and time.management skills with an overall collaborative approach
- Ability to be self-motivated and work cooperatively as part of a team
Preferable
- At least 3 years\’ of experience in a software tech and/or fintech company
- Experience of working on Marketing contracts
- Good understanding of the financial sector (and relevant regulations)
- Experienced in Microsoft / Google Workspace / Managing Datasets
Benefits
- 25 days holiday (plus take your public holiday allowance whenever works best for you)
- An extra day\’s holiday for your birthday
- Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
- 16 hours paid volunteering time a year
- Salary sacrifice, company enhanced pension scheme
- Life insurance at 4x your salary
- Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
- Generous family-friendly policies
- Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
- Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships
About Us
You may be put off applying for a role because you don\’t tick every box. Forget that! While we can\’t accommodate every flexible working request, we\’re always open to discussion. So, if you\’re excited about working with us, but aren\’t sure if you\’re 100% there yet, get in touch anyway.
We\’re on a mission to radically reshape banking – and that starts with our brilliant team. Whatever came before, we\’re proud to bring together people of all backgrounds and experiences who love working together to solve problems.
Starling Bank is an equal opportunity employer, and we\’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.
By submitting your application, you agree that Starling Bank may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.
Seniority level
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Seniority level
Mid-Senior level
Employment type
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Employment type
Part-time
Job function
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Job function
Finance
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Industries
IT Services and IT Consulting
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Procurement Manager employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager
✨Tip Number 1
Familiarise yourself with the latest trends in procurement, especially within the fintech sector. Understanding how technology is reshaping supplier relationships and procurement processes will give you an edge during discussions.
✨Tip Number 2
Network with professionals in the procurement field, particularly those who have experience in tech or fintech companies. Attend industry events or webinars to build connections that could lead to valuable insights or referrals.
✨Tip Number 3
Brush up on your negotiation skills, as this role heavily involves contract management and supplier negotiations. Consider role-playing scenarios with a friend or colleague to practice articulating your points effectively.
✨Tip Number 4
Research Starling Bank's values and culture thoroughly. Being able to demonstrate how your personal values align with theirs during interviews can significantly enhance your chances of landing the job.
We think you need these skills to ace Procurement Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience as a Procurement Manager. Focus on your achievements in supplier relationship management, contract negotiation, and any specific projects that demonstrate your ability to deliver value.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for Starling and its mission. Discuss how your skills align with the responsibilities outlined in the job description, particularly your experience in optimising supplier relationships and managing contracts.
Showcase Relevant Skills: Emphasise your strong research skills and numerical abilities in your application. Provide examples of how you've analysed data to achieve positive commercial outcomes, as this is crucial for the role.
Highlight Collaborative Experience: Since the role involves working closely with various stakeholders, mention any past experiences where you successfully collaborated with internal teams or external suppliers. This will demonstrate your ability to build productive relationships.
How to prepare for a job interview at Starling Bank
✨Know Your Procurement Basics
Make sure you have a solid understanding of procurement principles and practices. Be prepared to discuss your experience with sourcing, supplier management, and contract negotiation, as these are key aspects of the role.
✨Showcase Your Analytical Skills
As a Procurement Manager, you'll need to analyse data to make informed decisions. Be ready to provide examples of how you've used data analysis to drive commercial outcomes in previous roles.
✨Demonstrate Relationship-Building Abilities
Starling values strong relationships with suppliers and internal stakeholders. Prepare to discuss specific instances where you've successfully built and maintained professional relationships that led to positive results.
✨Stay Updated on Industry Trends
Familiarise yourself with current trends in the procurement sector, especially within fintech. Being able to discuss recent developments or regulatory changes will show your commitment to staying informed and relevant in the field.