Procurement Manager

Onyx Capital Group; London; On-site; GBP 50,000 - 70,000; Full time

Benefits offered by this job

Competitive base salary

Performance-linked bonus

Private medical insurance

Pension scheme

Job summary

A financial services firm in London is seeking a Procurement Manager to drive value-driven procurement and optimize goods and services. The role involves developing procurement strategies, managing contracts, and building supplier relationships. Candidates should have procurement experience in financial services and knowledge of UK regulations. This is a full-time, office-based role offering a competitive salary and performance-linked bonus.

Qualifications

• Proven experience in procurement within financial services is essential.
• Strong knowledge of UK procurement regulations and procedures.
• Expertise in tendering and contract negotiation.

Responsibilities

• Conduct value-for-money reviews on contracts to maximise value.
• Develop and implement a procurement strategy ensuring compliance.
• Manage the procurement pipeline and track contract expirations.
• Negotiate and formalise contracts with suppliers.

Skills

Procurement experience

Knowledge of UK procurement regulations

Contract negotiation

Supplier relationship management

Cross-functional relationship building

Education

CIPS qualification or working towards it

Job description

Overview

Onyx Capital Group is seeking a motivated Procurement Manager to assist with value-driven procurement to support our continued growth and operational excellence. 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

Requirements

• 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

Benefits

• 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.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other

Industries

IT Services and IT Consulting

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