Procurement Manager

Onyx Capital Group; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A global energy firm in London is looking for a motivated Procurement Manager to optimize procurement strategy and governance. The ideal candidate will have proven experience in procurement within financial services and strong negotiation skills. The role is fully office-based, requiring five days a week in the office. The successful candidate will develop policies ensuring compliance and maximizing value across all procurement activities.

Benefits

Competitive salary

Performance-linked bonus

Pensions scheme

Private medical insurance

Life assurance

Qualifications

• Proven experience in procurement within financial services.
• Expertise in tendering and supplier negotiations.
• Ability to build cross-functional relationships.

Responsibilities

• Conduct value-for-money reviews on contracts.
• Develop and implement procurement strategy.
• Negotiate and formalize contracts with suppliers.

Skills

Procurement expertise

Contract negotiation

Supplier relationship management

Understanding of UK procurement regulations

Education

CIPS qualification or progression towards it

Job description

Onyx Capital Group was founded, by traders, on the principles of expertise, vision and excellence. Our ambition extends beyond market leadership - we strive to create a distinct, forward-thinking franchise that consistently challenges industry norms. We recognise that success is driven by an uncompromising pursuit for excellence, and this is reflected in our people and investment in cutting-edge technology.

Over the past eight years, the company has experienced rapid growth, evolving into a global player across the full spectrum of energy derivative products, and expanded internationally. For the period ending 31 December 2024, Onyx reported revenues of £247 million and achieved an EBITDA of £44 million, and has a presence in four locations (London, Dubai, Singapore and Zug).

We are currently seeking a motivated Procurement Manager to assist with value-driven procurement to support our continued growth and operational excellence.

The importance of the role:

Jointly reporting to the Head of Strategic Finance and Head of Tax, this role will be pivotal in sourcing and optimising the value of goods (e.g. office, data & subscriptions, etc.) and services (e.g. consultants, financial products, etc.) used across the firm.

The role also offers a unique opportunity to shape the future of procurement strategy and governance across a global organisation. The successful candidate will bring both strategic procurement expertise and a hands-on approach to vendor and contract management, operating effectively within a regulated environment.

Primary responsibilities:

• Conduct value-for-money reviews on existing subscriptions, contracts and purchases to challenge, maximise value and/or reduce spend where appropriate.
• Develop and implement a procurement strategy, policies and controls that ensure regulatory compliance, tax efficiency and alignment with group objectives.
• Own and manage the procurement pipeline, including tracking contract expirations in anticipation of renegotiations, changes in scope/providers and obtaining new quotes.
• Research and identify the optimal mix of products/suppliers on value, delivery and quality.
• Lead tenders, evaluate bids and make recommendations based on commercial and value factors.
• Negotiate and formalise contracts - liaising with suppliers and internal teams (e.g. trading, advisory, support functions, etc.).

Secondary responsibilities:

• Forecast price trends and their impact on future activities.
• Build and maintain good relationships with new and existing suppliers.
• Develop strategies to achieve or exceed cost savings and supplier performance targets.
• Analyse procurement related data to produce regular reports on savings and spend metrics.
• Support logistics and tax planning relating to global procurement.

• Proven experience in procurement, ideally within financial services.
• Strong knowledge of UK procurement regulations, frameworks and procedures.
• Expertise in tendering, contract negotiation and supplier relationship management.
• Ability to build cross-functional relationships across all levels within the organisation, including but not limited to the finance, tax and legal functions.
• Chartered Institute of Procurement & Supply (CIPS) qualified or working towards a recognised procurement accreditation is desirable.

• A competitive base salary and performance-linked bonus structure.
• Pensions scheme, private medical insurance and life assurance.
• Opportunity to shape and scale a key function with support from cross-functional teams and exposure to senior leadership.
• A high-calibre, entrepreneurial team environment where innovation, agility and accountability are valued.

This role is fully office-based, 5 days per week.