Head of Procurement

As part of our ongoing expansion we are looking to appoint a Head of Procurement into a newly established role to lead and continuously enhance the procurement and supplier management function across the business.

The key focus of the role is to ensure we derive maximum value from all third-party relationships while meeting regulatory, operational resilience and risk management requirements.

Working closely with all departments the role will oversee the full procurement lifecycle to support the strategic growth objectives of the business by developing a procurement strategy, defining policies and embedding governance.

About the Company:

W1M was formed in 2024 through the merger of London & Capital and Waverton, two established wealth managers with over 40 years of history. Since then, the business has grown to over 400 employees and manages approximately £29+ billion in assets under management.

We are a UK wealth management firm operating in a regulated environment, providing investment and wealth management services to private clients, families, charities and institutions.

Our values underpin how we work together and with our clients, shaping a culture focused on high standards, collaboration, integrity and adaptability.

We have a collaborative working environment where people are given the opportunity to contribute meaningfully to the development of the business.

Key Accountabilities:

• Develop and implement the firm's procurement strategy aligned to business objectives.
• Establish and lead a central procurement function and operating model.
• Create a procurement roadmap that delivers measurable commercial and operational benefits.
• Build strong relationships with senior stakeholders across the organisation.
• Lead and develop procurement capability across the business.
• Establish governance frameworks for supplier onboarding, review and offboarding.
• Maintain oversight of key suppliers, strategic partners and outsourced service providers.
• Implement supplier segmentation and risk-based oversight models.
• Chair supplier review forums and governance committees.
• Ensure appropriate performance monitoring through KPIs, SLAs and service review processes.

Commercial Management

• Lead commercial negotiations with suppliers and external partners.
• Drive cost optimisation initiatives and identify opportunities for sustainable savings.
• Improve contract commerciality, pricing structures and service arrangements.
• Deliver measurable value through strategic sourcing activities.
• Support budget management and spend forecasting exercises.

Procurement Operations

• Design and maintain end-to-end procurement policies, procedures and controls.
• Implement procurement workflows and approval processes.
• Ensure consistency in sourcing, tendering and supplier selection activities.
• Introduce procurement technology and vendor management tools where appropriate.
• Develop procurement management information and reporting.

Contract Management

• Oversee contract negotiation, execution, renewal and termination processes.
• Work closely with Legal teams to strengthen contractual protections.
• Ensure contracts include appropriate service, performance, data protection and resilience provisions.
• Maintain a central contract repository and renewal calendar.

Regulatory & Risk Management

• Ensure procurement activities comply with FCA requirements and industry best practice.
• Support operational resilience, outsourcing and third-party risk management frameworks.
• Partner with Risk and Compliance teams to assess supplier risks.
• Ensure appropriate due diligence for critical and important suppliers.
• Support internal audits, regulatory reviews and assurance activities.

Stakeholder Management

• Act as a trusted adviser to Executive Committee members and budget owners.
• Collaborate with Technology, Operations and Change teams on strategic initiatives.
• Support major transformation programmes involving technology and outsourcing providers.
• Influence decision-making through data-driven recommendations.

Background/Experience and Competencies Required:

Prior experience in a similar role

Knowledge of financial products and service along with contractual requirements operating within a highly regulated sector

Able to evidence successful negotiations delivering cost savings

Experience managing complex commercial relationships

Track record of developing strong relations at C-suite level with ability to influence decision making process

About You

Currently operating in a senior procurement capacity you enjoy working within an agile company and have the knowledge and passion to develop a new function from scratch pulling together a diverse range of current contracts and processes.

You like to generate order out of chaos with fundamental drivers being efficiency and cost saving.

You will enjoy working in partnership with a wide range of colleagues and want to become a pivotal part of a growing organisation.

Why Join W1M?

We are on a successful growth journey having increased from c.200 people to over 400 people in 2 years and on track to achieve our target of £50bn AUM by 2030.

While we continue to grow we retain the core values of the business that has taken us to this point; those of teamwork, collaboration and a general attitude to help one another so we can all do our best and in turn make the company as successful as possible.

With the success of the firm there are many opportunities for personal and career development and growth within a supportive culture.

Equal Opportunity Statement

W1M is an equal opportunities employer and in accordance with the rules regarding discrimination in the Equality Act 2010, we welcome applications from all suitably qualified persons.

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