Procurement Operations Manager - Vice President - Randstad Financial & Professional

ZipRecruiter; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading recruitment service is seeking a Procurement Operations Manager to oversee procurement within banking operations. The ideal candidate will ensure compliance with regulatory standards, manage the procurement lifecycle, and collaborate with various teams. A minimum of 5 years of experience in procurement within financial services is required. The role offers a competitive salary, a non-contributory pension, and a hybrid working model.

Benefits

Competitive starting salary

Discretionary bonus

Non-contributory pension

27 days’ annual leave

Hybrid working

Virtual GP

Wellbeing benefits

Qualifications

• 5+ years procurement experience, preferably within banking or financial services.
• Strong understanding of procurement regulations and third-party risk management.
• Experience with procurement systems and contract lifecycle management tools.

Responsibilities

• Oversee procurement operations ensuring compliance with regulations.
• Manage end-to-end procurement lifecycle including sourcing and contracts.
• Collaborate with teams to meet audit and regulatory standards.
• Monitor procurement KPIs and prepare reports for management.

Skills

Procurement experience

Regulatory compliance knowledge

Negotiation skills

Analytical skills

Stakeholder management

Education

CIPS Certification

CPSM Certification

Tools

SAP

Oracle

Coupa

Job description

Job Description

What is the opportunity?

We are seeking a detail-oriented and strategic Procurement Operations Manager to lead procurement activities within our banking operations. This role is critical in ensuring the efficient acquisition of goods and services, maintaining regulatory compliance, and supporting vendor risk management. The ideal candidate will have experience in operational procurement within financial services, strong knowledge of regulatory frameworks, and a commitment to operational excellence.

What will you be doing?

• Oversee procurement operations across the bank, ensuring alignment with internal policies and external regulatory requirements (e.g., FCA, PRA).
• Manage the end-to-end procurement lifecycle, including sourcing, contract negotiation, purchase order management, and supplier performance.
• Collaborate with compliance, legal, risk, and finance teams to ensure procurement practices meet audit and regulatory standards.
• Maintain and enhance procurement systems and tools (iValua, Oracle, Market Data tool - Optimise), ensuring data integrity and process automation.
• Develop and implement procurement strategies that support cost optimization, risk mitigation, and service quality.
• Lead supplier due diligence and onboarding processes, including financial stability checks and compliance with third-party risk management policies.
• Monitor procurement KPIs and prepare reports for senior management and regulatory bodies as required.
• Support internal audits and external regulatory reviews related to procurement and third-party management.

What do you need to succeed?

• A minimum of 5+ years procurement experience, preferably within banking or financial services.
• Strong understanding of procurement regulations and third-party risk management in the financial sector.
• Experience with procurement systems (e.g., SAP, Oracle, Coupa) and contract lifecycle management tools.
• Excellent negotiation, analytical, and stakeholder management skills.
• Professional certifications such as CIPS, CPSM, or equivalent are highly desirable.

In addition to the great opportunity outlined above we are also currently able to offer:

• Competitive starting salary, plus discretionary bonus
• Non-contributory pension
• 27 days’ annual leave
• Core working hours*
• Hybrid working - office and home based*
• Virtual GP
• Wellbeing benefits, including Mental Health Allies and First Aiders