Head of Procurement

ICBC Standard Bank; London; Hybrid; GBP 50,000 - 80,000; Full time

Job summary

Join a leading financial bank in London as a Procurement Manager. You will lead a team, manage supplier negotiations, and ensure compliance in procurement processes. With a focus on driving value and minimizing risk, this role offers opportunities for growth in a dynamic environment.

Benefits

Financial market-based pay

Discretionary annual bonus

10% pension contribution

Hybrid working options

Fully paid maternity leave

Private medical insurance

Wellbeing programs

Paid volunteering leave

Professional development opportunities

Qualifications

• Extensive experience in procurement and supplier management.
• Strong negotiation and project management skills required.
• Understanding of compliance and governance in procurement.

Responsibilities

• Lead and manage negotiations with suppliers and stakeholders.
• Ensure compliance in all procurement processes.
• Manage procurement information and develop effective strategies.

Skills

Business Needs Analysis

Opportunity Assessment

Category management

Negotiation

Project management

Supplier collaboration & driving innovation

Tools

Procurement system knowledge

Job description

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To provide a global procurement service to all business functions, ensuring continuity of supply of all indirect goods and services required by the back to operate. To provide specialist advice on procurement strategy, ensure best value to the Bank across all third party spend, while minimising third party risk, in accordance with the ICBCS Third Party Risk Framework and related policies.

To support the ongoing business needs in the development and continuous improvement of the procurement systems strategy, maintaining procurement systems, producing management intelligence and preparing management information reports including supplier and business spend reporting.

Other procurement activities such as market analysis, benchmarking, involvement in tender and contract management and supplier performance reporting are also required.

To ensure, in conjunction with the Financial Crime Compliance team, that procurement processes effectively and appropriately address financial crime risks, including the risks of money laundering, terrorist financing, bribery and corruption, fraud and sanctions breaches.

The role holder will also lead and manage a team of 6 staff based in London. Collectively, the team will deliver a high quality procurement service to support ICBC Standard Bank requirements.

What you'll be doing

Sourcing

Manage / Lead/ Support commercial negotiations with relevant vendors and stakeholders (across multiple business lines) ensuring that favourable commercial terms which mitigate business risk are put in place.

Procurement Operations

Proactively manage the Purchasing approval process ensuring that PRs/POs have the correct approvals in line with Finance Policies, and are supported by appropriate contracts.

Market Data

Proactively manage, lead, and support commercial negotiations with Market Data Vendors.

Create and lead with a vision for the Procurement function which focuses on balancing customer service with compliance and delivery of cost efficiencies.

Client Relationship Management

Proactively manage client expectations with regards to approval timeline and the need for early engagement.

Compliance, Governance & Reporting

Act as a centre of excellence within the Procurement team for knowledge of policies which affect purchasing, including, for example, the Anti-Bribery and Corruption Policy, the Fraud Policy and procedures on third party risk management.

What you'll need to be successful

• Business Needs Analysis
• Opportunity Assessment
• Category management
• Contract Drafting
• Policy & process understanding and development
• Project management
• Negotiation
• Procurement system knowledge
• Strategic sourcing
• Supplier financial analysis
• Supplier collaboration & driving innovation

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

• Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development a suite of opportunities to build the skills you need to excel in your role

If you're excited about becoming part of our team, get in touch. We'd love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.