Procurement Manager

Metro Bank Plc; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Competitive salary

Discretionary annual bonus

Generous holiday allowance

Attractive pension scheme

Healthcare

Life assurance

Colleague discounts

Job summary

Metro Bank Plc is seeking a procurement professional to lead cross-category initiatives within banking IT and operations. The role focuses on high-value sourcing, contract negotiations, and stakeholder engagement across Legal, Risk and Finance.

You will plan major procurement projects, build matrix teams, and develop innovative cost models while ensuring compliance and value delivery. Hybrid working options are available around role and home life.

Qualifications

• Experience in cross-category procurement within banking, including IT/tech.
• Experience in Financial Services—banking processes, systems and operations.
• Knowledge of full procurement lifecycle.
• Experience developing, reviewing and negotiating high-value, complex contracts.
• Experience influencing stakeholders in a matrix environment.
• Strong knowledge of supplier markets and market research.
• Experience in formal sourcing and RFx.
• Ability to develop contract cost models over up to 10 years.
• Contract and supplier risk assessment experience.
• Managing complex, cross-functional projects and presenting to executive management.
• CIPS qualification desirable but not required.

Responsibilities

• Plan major procurement projects including high-value, high-risk sourcing.
• Build and lead diverse matrix teams to meet tight schedules.
• Develop specifications for best-of-breed technology and services.
• Conduct supplier market analysis and benchmarking.
• Identify and select top suppliers.
• Negotiate complex deals in competitive environments.
• Model contract finances and develop innovative deal structures.
• Negotiate contract terms with suppliers' legal teams.
• Avoid commercial and risk pitfalls in contracting.
• Influence executives; represent business owners in negotiations.
• Coordinate inputs from Legal, Risk, Finance, InfoSec and other senior stakeholders.
• Track savings, cost avoidance and value.

Skills

Cross-category procurement experience

Banking sector experience

Full procurement lifecycle

Contract cost modeling (10-year view)

Supplier market analysis

RFx / formal sourcing

High-value contract negotiation

Stakeholder influence in matrix

Contract risk assessment

Executive-level presenting

CIPS desirable

Job description

At Metro Bank, we believe the best banking experience starts with people who genuinely care. We’re not just delivering banking services - we’re building trust through authentic connections. Here, our people come first; our colleagues are part of a team that values individuality, collaboration, and long-standing relationships. We are also all about balance so most of our jobs offer the opportunity for hybrid working built around your role and home life, wherever possible.

What you will do:

• Planning major procurement projects inc. high value, high risk sourcing activity
• Building and leading diverse matrix teams to deliver to tight schedules
• Developing specifications for best of breed technology and services
• Supplier market analysis and benchmarking
• Identifying and selecting the best suppliers to work with
• Negotiating complex deals in a competitive environment
• Financial modelling of contracts and developing innovative financial deal structures where appropriate
• Negotiating contract terms, facing off against suppliers’ lawyers.
• Avoiding commercial and risk pitfalls in the contracting process
• Influencing to exec level; establishing sufficient credibility to represent exec business owners in supplier negotiations
• Interacting with Legal, Risk, Finance, InfoSec and other senior stakeholders to ensure all relevant inputs have been taken into account during the selection and contracting process
• Savings, cost avoidance and value tracking

And... we are a bank, so risk is a part of everything we do. We love people who take responsibility, do the right thing for customers, colleagues and Metro Bank and have the ability to call out any concerns.

What you will need:

• Cross-category procurement experience in the banking industry, but including IT / technology specific experience
• Working in Financial Services – banking processes, systems, technology and operations
• Knowledge of the full procurement lifecycle
• Experience of developing, reviewing and agreeing contracts; negotiating high-value, complex supply contracts – legal, commercial and technical negotiation
• Experience of influencing stakeholders and decision makers in a matrix environment
• Strong knowledge of supplier markets – and supplier market research
• Experience in all aspects of formal sourcing and RFx
• Developing contract cost models over a horizon of up to 10 years
• Supplier and contract risk assessment
• Managing complex, cross-functional projects and presenting the results to executive-level management
• CIPS desirable but not required

Our promise to you…

• We will make sure that you are well-rewarded by providing you with a competitive salary, discretionary annual bonus, and a wide range of benefits, including generous holiday allowance, attractive pension scheme, healthcare, life assurance, and a number of colleague discounts!
• We will give you the training to ensure you succeed in your role and plenty of internal opportunities to progress your career (around 40% of our recruitment comes from internal promotions!

Diverse teams really are the best teams. We know that candidates (especially women, research tells us) may be put off applying for a job unless they can tick every box. We also know that ‘normal’ office hours aren’t always doable, and while we can’t accommodate every flexible working request we are happy to be asked.