At a Glance
- Tasks: Lead procurement strategies and manage outsourcing deals to optimise value for Wise.
- Company: Wise, a global tech company revolutionising money management.
- Benefits: Competitive salary, diverse team culture, and opportunities for professional growth.
- Why this job: Make a real impact in a fast-paced environment while shaping the future of finance.
- Qualifications: Experience in commercial strategy and strong communication skills required.
- Other info: Join a diverse team committed to innovation and ethical sourcing.
The predicted salary is between 43200 - 72000 ÂŁ per year.
Wise is a global technology company, building the best way to move and manage the world’s money. Min fees. Max ease. Full speed. Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money. As part of our team, you will be helping us create an entirely new network for the world's money.
We’re looking for a Senior Procurement Lead to join our Third Party Management and Procurement Team in London. This role will focus on leading the Outsourcing category comprising major servicing subcategories. It’s a unique opportunity to build on your entrepreneurial and commercial expertise, help deliver Wise’s mission of money without borders, and grow within a global, fast‑paced listed company environment while ensuring our key deals deliver the best value for money for Wise.
Your mission is to enable, protect, and empower the business and people of Wise by ensuring Wise’s major outsourcing deals enable our commercial objectives, flow through frictionless processes and deliver the best value for money.
About The Role:
- Develop and execute long‑term procurement strategies that align with Wise's business objectives, including market analysis to stay ahead of industry trends.
- Proactively build and maintain robust relationships with stakeholders and facilitate regular cross‑departmental meetings.
- Lead efforts to achieve cost reductions and optimisation of spend across categories, utilising analytical and financial skills to assess total cost of ownership and budget impact.
- Evaluate and support selection of suppliers, utilising robust criteria for quality, price, and reliability.
- Contribute to onboarding, relationship management, and off‑boarding of third‑party suppliers, supporting tooling selection and continuous improvements.
- Help monitor and evaluate third‑party relationships to ensure they provide tangible value to Wise and its customers.
- Identify opportunities for consolidating suppliers, renegotiating contracts, or initiating new proposals (RFPs).
- Develop and implement supplier performance metrics and scorecards, leading initiatives for supplier improvement and innovation.
- Assist in creating risk mitigation strategies to address supply chain disruptions and support contingency planning.
- Stay up to date on sustainable and ethical sourcing initiatives to enhance Wise's reputation and compliance.
- Advocate for and implement innovative procurement technologies and automation to increase efficiency.
- Mentor and develop procurement team members, fostering continuous improvement and professional growth.
- Ensure all procurement activities comply with internal policies, legal requirements, and industry regulations while promoting integrity and transparency.
- Stay abreast of industry best practices to improve Wise's procurement processes and strategy.
This Role Will Give You The Opportunity To:
- Choose your path to impact—take ownership from day one with feedback from smart, curious people across Wise.
- Be extremely hands‑on, taking on work directly without far‑away leaders.
- Be part of our mission to make money without borders the new normal.
Qualifications About you:
- Experience in leading and developing commercial strategies within the financial services or fintech industry; preference for experience with major outsourcing services at a global scale.
- Proven track record of delivering and exceeding commercial targets.
- Excellent communication skills and ability to build relationships and work collaboratively across teams.
- Ability to advise, manage and report risks effectively, providing practical solutions.
- Experience with sourcing tools, market analysis and end‑to‑end procurement processes.
- Demonstrable ability to evaluate and summarise complex sourcing scenarios and influence stakeholders.
- Project management skills and ability to manage multiple initiatives simultaneously.
- A get‑it‑done, collaborative approach to problem‑solving.
We believe teams are strongest when they are diverse, equitable and inclusive. Our international team celebrates differences and supports every Wiser to contribute and progress in their careers.
Senior Procurement Lead - Outsourcing in City of London employer: Wise
Contact Detail:
Wise Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Procurement Lead - Outsourcing in City of London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Wise on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by diving deep into Wise's mission and values. Show us how your experience aligns with our goals in procurement and outsourcing. We love candidates who are genuinely passionate about what we do!
✨Tip Number 3
Practice your pitch! Be ready to discuss specific examples of how you've led procurement strategies or managed supplier relationships. We want to hear about your successes and how you can bring that expertise to Wise.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining the Wise team.
We think you need these skills to ace Senior Procurement Lead - Outsourcing in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Procurement Lead role. Highlight your experience in leading commercial strategies and managing outsourcing services, as these are key for us at Wise.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're passionate about procurement and how your skills align with our mission. Share specific examples of how you've delivered value in previous roles to grab our attention!
Showcase Your Communication Skills: Since this role involves building relationships across teams, make sure to demonstrate your excellent communication skills in your application. We want to see how you can collaborate effectively!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Wise
✨Know Your Procurement Stuff
Make sure you brush up on your procurement strategies, especially in outsourcing. Be ready to discuss how you've developed and executed long-term strategies in the past, and how they align with business objectives. This shows you're not just familiar with the theory but have practical experience too.
✨Build Relationships
Since this role involves a lot of stakeholder management, think about examples where you've successfully built and maintained relationships across teams. Prepare to share how you facilitated cross-departmental meetings and what the outcomes were. It’s all about showing you can collaborate effectively!
✨Showcase Your Analytical Skills
Be prepared to talk about how you've used analytical skills to achieve cost reductions and optimise spend. Bring specific examples of how you assessed total cost of ownership and budget impact in previous roles. This will demonstrate your ability to make data-driven decisions.
✨Stay Ahead of Trends
Research current trends in procurement and outsourcing, especially within fintech. Be ready to discuss how you stay updated on industry best practices and how you’ve implemented innovative procurement technologies in the past. This shows you're proactive and forward-thinking, which is key for Wise's mission.