Procurement Manager

Starling Bank; Southampton; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading company in the fintech sector, Starling Bank is seeking a Procurement Manager to enhance supplier relationships and drive efficiency in procurement processes. The successful candidate will have a proven track record in procurement management, strong analytical capabilities, and excellent negotiation skills to contribute to sustainable growth within a high-performing team.

Qualifications

• Minimum of 3 years experience as a Procurement Manager.
• Strong research skills and ability to analyse data.
• Must be contractually literate with experience in RFPs.

Responsibilities

• Oversee the sourcing process and optimising supplier relationships.
• Negotiate and manage third-party agreements.
• Conduct market tenders and maintain procurement workflows.

Skills

Research skills

Analytical skills

Negotiation

Relationship-building

Problem-solving

Tools

Microsoft

Google Workspace

Job description

Hello, we're Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We're a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We're a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

We're looking for a Procurement Manager to come join our Procurement team. You'll join a high performing team and will be responsible for overseeing the sourcing process, optimising supplier relationships, and leveraging market insights to help deliver tangible value whilst supporting sustainable growth.

Responsibilities:

• Maintain the relationships with a pool of suppliers within specific categories of spend ensuring a professional and high level of engagement, providing Starling with a ‘share of voice' within the supplier organisation
• Engage in the process of reviewing, negotiating, contracting, and recontracting third-party agreements in a manner consistent with commercial, regulatory, legal and policy principles for both new and renewal agreements
• Negotiate and establish competitive commercial agreements, documenting evidence of commercial improvements or cost avoidance
• Post contract: Be responsible for the ‘In-Contract Management" of an agreement, measuring the relationship against agreed SLAs, engaging with internal stakeholders and ensuring a regular cadence of MI meetings with strategic suppliers
• Look for opportunities to optimise vendor's commercial and operational performance as well as internal processes
• Identify, document and agree requirements at the beginning of a project to provide clarity during the contracting, negotiation & sign off process
• Maintain knowledge of third-party arrangements with an emphasis around ‘Service Level Agreements'; pricing, termination and notice provisions
• Maintain a sound working knowledge base of category supplier capacities in market, category market trends and developments, attending trade events and conferences where applicable
• Keep abreast of all sector regulatory legislation and changes. Ensuring you comply with all associated training.
• Ensure that all procurement and contractual workflows are maintained and kept up to date within the contract management system
• Build healthy and productive relationships with key internal stakeholders within category spend areas
• Act as a point of escalation, providing guidance and support to stakeholders across the organisation
• Work closely with the Vendor Management Office (VMO) and Due Diligence team ensuring supplier on-boarding is in line with company values, ensuring all relevant criteria and ethical thresholds are met
• Work closely with the commercial legal team throughout the contracting process
• Work in tandem with both the Data Protection and Security teams ensuring contracts meet current thresholds in these areas
• Contribute to Monthly reporting and updates to Executives (VMF)
• Conduct market tenders / benchmarks (RFP, RFI & RFQs) as required
• Where applicable, maintain inventory (volume & quality thereof) with suppliers providing up to date forecasts and ensuring a seamless supply of product as required by the business
• Ambassador for the wider function within Starling
  
  

Requirements

• Minimum of 3 years experience as a Procurement Manager
• Experience of collaborating with internal and external stakeholders
• Strong research skills
• Highly numerate, with the ability to analyse and interpret challenging data, in order to provide positive commercial outcomes
• Be contractually literate and have the ability to negotiate around the finer points of an agreement
• Have experience of managing & writing RPPs and tender documentation
• Great relationship-building, communication, problem solving, organisational and time.management skills with an overall collaborative approach
• Ability to be self-motivated and work cooperatively as part of a team
  
  

Preferable

• At least 3 years' of experience in a software tech and/or fintech company
• Good understanding of the financial sector (and relevant regulations)
• Experienced in Microsoft / Google Workspace / Managing Datasets