Senior Buyer

Close Brothers Group; City of Westminster; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading UK merchant banking group is seeking a Procurement Manager to lead procurement activities for third-party engagements. The successful candidate will manage stakeholder relationships, negotiate contracts, and support procurement strategies. This role offers flexible working options and a commitment to inclusivity. Ideal candidates should have strong negotiation skills and experience in procurement.

Benefits

Private medical

Discounted health checks

Stakeholder pension contribution

Cycle to work scheme

Gym discounts

Purchase additional holiday

Qualifications

• Experience in managing procurement projects.
• Strong knowledge of Soft Services Procurement.
• Strong negotiating skills at all levels.

Responsibilities

• Lead procurement activities for new and renewing engagements.
• Manage stakeholders and lead commercial negotiations.
• Support supplier relationship management and category strategies.

Skills

Stakeholder management

Contract negotiation

Analytical skills

Interpersonal skills

IT proficiency

Job description

Overview

The Vacancy OVERALL SUMMARY At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life. Join the Close Brothers Third Party Management Team where you will embed the TPM framework, optimising commercial value and reducing the risks associated with third party relationships throughout the full lifecycle, from the point of selection to on-boarding and in life performance management, through to renewal or exit. The successful candidate will ensure that our business owners are professionally partnered by the Bank TPM function in managing the Bank's third-party expenditure and relationships.

• Lead procurement activity to support business requirements for new and renewing engagements and in alignment with category based strategies, including:
• Effectively manage relevant stakeholders across the organisation, acting in the capacity of a trusted advisor. Lead and be accountable for the commercial negotiations on third party engagements
• Lead procurement activity (RfX) in the assessment, selection and delivery of Third Party solutions to the Bank.
• Lead contract negotiations with Third Parties in conjunction with Bank Legal.
• Liaise with the finance function to ensure that we remain in budgetary alignment.
• Support effective supplier relationship management across nominated third party engagements to ensure commercial value is optimised across the full lifecycle
• Support Category Leads in executing established sourcing strategies using best practice methodologies working with business and finance to identify, measure and track value delivery.
• Work within the Third Party Management framework at all times to ensure prudent and practical management of risk whilst always striving to meet the needs of business stakeholders.
• Experience in managing procurement projects.
• Experience in negotiating contracts (Legal and Commercial) with Tier 1 providers.
• Strong knowledge of Soft Services Procurement.
• Strong analytical skills. Excellent interpersonal and networking skills.
• Good influencing skills at senior levels to influence acceptance of a new way of working.
• Strong negotiating and influencing skills, at all levels, are essential.
• Good IT skills to include wide experience of word documents, Excel spreadsheets (including pivot tables and charts) and PowerPoint.

• IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:
• Experience of managing a procurement category in at least one blue-chip organisation that has crossed functional and business boundaries.
• Experience in delivering large scale transformational projects
• Experience in the Financial Services sector
• Demonstrable and applied knowledge of contract law.
• Strong knowledge of regulations related to Financial Service (SYSC8, Material Outsourcing, GDPR etc)

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at or request a call back.

About Us

Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250. To find out more about Close Brothers, please visit our careers page. To find out more about life at Close Brothers. To find out more about our benefits. To find out more about our commitment to creating an inclusive environment.

• #LI-HYBRID #LI-TM1

What We Do

The Company At Close Brothers Group, we are all connected by our mission to be the best place in the UK for wealth professionals and their clients. We believe that everyone should think ahead, have a financial plan and invest wisely. Our clients are professionals, business owners, individuals, charities, families, and employers, who rely on our clear financial advice and investment management services to preserve and grow their long-term savings and investments. We are a team of about 900 people based in 15 offices across the UK. Our geographic footprint means we can combine a local approach with face-to-face services to enable strong, long-term relationships with our clients. Sustainability is fundamental to our purpose and we have a responsibility to help address the social, economic and environmental challenges facing our business, colleagues and clients. We strive to do the right thing and are dedicated to helping the charities that matter most to our people. Our vision is to develop an open and inclusive company that ensures everyone is valued, respected and included, so that in years to come our business will represent a diverse and inclusive workforce from the top down. We look to recruit individuals from all different backgrounds. If this job is of interest to you but you do not meet every criteria then we encourage you still to apply as we are open to providing training opportunities. As an early adopter of hybrid working we are open to discussing all types of flexible working options, helping you to balance your work and home life.

Benefits

Private medical, Discounted health checks, Stakeholder pension contribution, Cycle to work scheme, Gym discounts, Purchase additional holiday