Senior Sourcing Manager M&A and Projects

Lloyds Banking Group; Bristol; Hybrid; GBP 77,000; Full time

Job summary

Join a forward-thinking organization as a Senior Sourcing Manager, where you will play a pivotal role in M&A activities and strategic sourcing initiatives. This role offers the chance to lead sourcing processes, negotiate contracts, and collaborate with diverse teams to drive growth. With a commitment to diversity and inclusion, the company fosters an environment where you can thrive and make a significant impact. If you are passionate about sourcing and eager to shape the future of financial services, this opportunity is for you.

Benefits

Pension Contribution up to 15%

Performance Bonuses

Share Schemes

Flexible Benefits

30 Days Holiday

Wellbeing Initiatives

Parental Leave Policies

Qualifications

• Proven experience in leading sourcing processes and contract negotiations.
• Strong ability to build partnerships with senior stakeholders.

Responsibilities

• Lead sourcing activities related to M&A and divestment projects.
• Collaborate with cross-functional teams to support growth opportunities.

Skills

Sourcing Processes

Contract Negotiations

Supplier Selection

Stakeholder Management

M&A Knowledge

Due Diligence

Data Analysis

Risk Mitigation

Financial Reporting

Job description

End Date: Thursday 22 May 2025

Salary Range: £76,194 - £89,640

We support flexible working – click here for more information on flexible working options

Flexible Working Options: Hybrid Working, Job Share

Job Description Summary:

Job Title: Senior Sourcing Manager – M&A and Projects

Salary: £76,100pa to £106,400pa (dependent on location and experience) plus benefits

Location: Bristol, Halifax, Leeds, London, Edinburgh, Birmingham

Hours: 35 hours, full time

Working Pattern: Hybrid, with at least two days per week at listed hubs

Why Lloyds Banking Group?

We are evolving by investing in our people, data, and technology to better serve our 26 million customers. We embrace collaborative, agile working to deliver the best outcomes for our colleagues, customers, and businesses. Join us on our journey!

Want to hear more?

The Consumer Products Sourcing Team within Consumer, Professional Services & Special Projects (C, PS & SP) Sourcing is on an exciting journey. The investments we are making are leading to innovative projects and new ways for our people to work, learn, and thrive.

This is a fantastic time of change within Lloyds Banking Group, and the Group Sourcing and Supplier Management (GS&SM) team is central to that change. You will play a lead role supporting 3rd party activity related to the group's M&A/divestment activities, including recent acquisitions like MBNA, Embark, and Tusker. You will be key in supporting pre- and post-deal activities and broader growth and sourcing opportunities.

About this opportunity

You will collaborate across Group Sourcing, GCD teams, project teams, and business units involved in acquisitions/divestments. You will also lead cross-functional teams supporting key growth opportunities.

Are you an experienced sourcing leader with knowledge of M&A, enthusiastic about developing strategic, bold, and ambitious agendas? Are you committed to self-development and supporting the business to improve how it works?

About you

• Experience leading sourcing processes, leveraging economies of scale through contract negotiations and supplier selection.
• Ability to build strong partnerships with senior stakeholders and influence business priorities.
• Knowledge of 3rd party implications within an M&A environment.
• Experience in 3rd party due diligence, data analysis, and preparing proposals for senior stakeholders.
• Ability to identify best practices and respond to changing business environments to secure value.
• Expertise in contractual terms and risk mitigation.
• Track record of owning, reporting, and tracking financial benefits, risks, and opportunities.
• Alignment with the vision and principles of Group Sourcing and Supplier Management.

Additional useful experience

• Experience in a 3rd party M&A environment
• Data-driven decision making experience
• Experience in Financial Services

About working for us

We are committed to diversity and inclusion, creating an organization that reflects modern society. We offer various benefits including a pension contribution of up to 15%, performance bonuses, share schemes, flexible benefits, 30 days holiday, wellbeing initiatives, and parental leave policies. We welcome applications from under-represented groups and are disability confident. Reasonable adjustments can be made during recruitment.

If you're excited to join our team, we want to hear from you!

At Lloyds Banking Group, our purpose is to help Britain prosper.

We focus on making a difference for our customers, businesses, and communities. Join us to shape the future of financial services and enjoy opportunities to learn, grow, and develop.

We prioritize data safety and confidentiality, only requesting sensitive information during formal interview or offer stages, with clear explanations provided.

We are dedicated to creating a values-led, inclusive culture where all colleagues can thrive and make a meaningful impact.