Procurement Vendor Governance Manager

Crown Agents Bank; London; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

A leading UK bank is seeking an expert in procurement vendor governance to improve supply chain relationships and compliance. You will manage third-party vendor relationships and ensure alignment with regulatory requirements while providing procurement expertise. This role offers a hybrid working model with attractive pension contributions and benefits.

Benefits

Contributory pension plan

Life assurance at 4 times annual salary

Group income protection

Private medical insurance

Discretionary bonus

Competitive annual leave

Two volunteering days per year

Access to Benefit Hub

Qualifications

• Extensive procurement vendor governance experience in a high-growth environment.
• Proven experience in a PRA and FCA regulated financial services environment.
• Deep understanding of regulatory frameworks and risk management.

Responsibilities

• Oversee vendor relationships and ensure compliance with regulations.
• Manage procurement of goods and services with control and transparency.
• Support stakeholders in procurement policies and vendor management.

Skills

Procurement expertise

Vendor management

Risk management

Education

Degree level education or equivalent

Job description

Company Description

Crown Agents Bank is a rapidly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world through FX and payments technology. We aim to transform the movement of payments and FX in emerging markets, making it more efficient, reliable, and accessible. Our solutions address common challenges such as high costs, unreliability, and opacity, ultimately connecting hard-to-reach regions to global financial infrastructure for better prices and faster settlements.

FX and cross-border payments are often complex and costly, especially in emerging markets. Crown Agents Bank leverages trusted relationships, a strong network, innovative digital capabilities, and cross-border transaction banking solutions to enable fintechs, corporates, governments, development organizations, and banks to transfer money to, from, and across these markets.

Job Description

• Oversee strategic and operational management of third-party vendor relationships, ensuring onboarding processes comply with PRA and FCA regulations.
• Ensure procurement of goods and services is conducted with control and transparency to improve supply chain relationships and performance.
• Manage vendor governance requirements, including related artifacts.
• Ensure compliance with applicable laws, regulations, and internal controls across the supply chain, including subcontractors.
• Provide procurement expertise on sourcing and vendor governance to CAB and vendors.

Role Responsibilities

• Maintain a standardized, efficient approach to vendor engagement and due diligence aligned with CAB policies.
• Support stakeholders in adhering to procurement policies and understanding vendor management responsibilities.
• Assist in sourcing third-party goods and services in accordance with relevant policies.
• Guide internal stakeholders on the best procurement routes based on requirements.
• Support handover processes for vendor governance with the Vendor Relationship Manager or Service Owners.
• Develop and deliver training and materials on procurement vendor governance systems.
• Continuously improve procurement governance policies and processes based on feedback.
• Manage the Source to Contract (S2C) process for requirements and projects.
• Monitor vendor governance checks, document management, and administration.
• Fulfill the role of functional risk coordinator.
• Collaborate across teams to ensure relevant personnel are informed.

Qualifications

Degree level education or equivalent.

Experience

• Extensive procurement vendor governance experience, with a track record of risk reduction and efficiency improvements in a high-growth environment.
• Proven experience in a PRA and FCA regulated financial services environment, preferably in banking, fintech, payments, or FX.
• Deep understanding of regulatory frameworks, risk management, and governance related to third-party vendors.

Additional Information

• Hybrid working model.
• Contributory pension plan: 2% employee and 7% employer contributions, with employer matching up to 5% employee and 10% employer.
• Life assurance at 4 times annual salary.
• Group income protection.
• Private medical insurance, including optical, dental, and audiology, possibly extended to partner and children at company cost.
• Discretionary bonus.
• Competitive annual leave.
• Two volunteering days per year.
• Access to Benefit Hub.