Senior Sourcing Manager M&A and Projects

Lloyds Banking Group; Leeds; Hybrid; GBP 76,000 - 90,000; Full time

Job summary

Join a forward-thinking financial services organization as a Senior Sourcing Manager. This exciting role involves leading sourcing processes in a dynamic M&A environment, collaborating with stakeholders, and driving strategic initiatives. You'll have the opportunity to influence key business decisions while working in a hybrid model that promotes flexibility. With a generous benefits package and a commitment to diversity and inclusion, this is a chance to make a significant impact in a company dedicated to helping Britain prosper. Be part of a team that values innovation and excellence.

Benefits

Generous pension contribution

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

30 days’ holiday plus bank holidays

Wellbeing initiatives

Generous parental leave policies

Qualifications

• Lead sourcing processes and manage supplier selection.
• Create partnerships with senior stakeholders and influence priorities.
• Analyze data for 3rd party due diligence.

Responsibilities

• Support 3rd party activity related to M&A and divestment.
• Collaborate with cross-functional teams on growth opportunities.
• Drive the vision of Group Sourcing and Supplier Management.

Skills

Sourcing processes leadership

Contract negotiations

Stakeholder management

M&A knowledge

Financial analysis

Job description

End Date

Thursday 22 May 2025

Salary Range

£76,194 - £89,640

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

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Job Description

JOB TITLE:Senior Sourcing Manager – M&A and Projects.

SALARY:£76,100pa to £106,400pa (dependant on location and experience) plus the benefits listed below.

LOCATION:Bristol, Halifax, Leeds, London, Edinburgh, Birmingham.

HOURS:35 hours, full time.

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at the listed hubs.

Why Lloyds Banking Group?

Like the modern Britain we serve, we're evolving. Investing billions in our people, data and tech to transform the way we meet the everchanging needs of our 26 million customers. We're embracing collaborative, agile ways of working, to help us deliver the best outcomes for our colleagues, customers and businesses. We're growing with purpose. Join us on our journey and you will too!

Want to hear more?

The Consumer Products Sourcing Team within Consumer, Professional Services & Special Projects (C, PS & SP) Sourcing are on an exciting journey and there could not be a better time to join us. The investments we are making in our products, people, data, and technology are leading to innovative projects, fresh possibilities, and countless new ways for our people to work, learn, and thrive.

It is a fantastic time of change within Lloyds Banking Group (LBG) and the Group Sourcing and Supplier Management (GS&SM) team is at the heart of that change. You will play a lead role in the Sourcing team and will support 3rd party activity related to the groups M&A/Divestment activity – think of recent acquisitions within the group – MBNA/Embark/Tusker etc. This is an exciting opportunity where you will be a key part of the sourcing team to support the organisation in its pre and post deal activity. The role also supports a number of our broader growth and sourcing opportunities to optimise how we work and helping the businesses grow.

About this opportunity

In this role you will also need to collaborate closely across Group Sourcing, with the GCD teams, projects teams and business units engaged in acquisition/divestments and across the breath of Group Sourcing and Supply Chain Management. You will also be responsible for cross functional teams supporting some of our key growth opportunities.

So, are you an experienced sourcing leader who has a knowledge of mergers and acquisitions who is enthusiastic about developing strategic, bold, and ambitious agendas? Someone willing to relentlessly develop themselves and support the business to deliver for our stakeholder and improve how we work?

About you

• Experience of leading sourcing processes, providing direction and oversight to leverage economies of scale through robust contract negotiations and supplier selection and effective commercial management.

• An ability to create strong partnerships with senior stakeholders and influence business priorities whilst understanding future trends and requirements.

• Experience and/or knowledge of understanding 3rd party implications and requirements within an M&A environment.

• An ability to work on key areas of 3rd party due diligence, critically analyse data and prepare comprehensive proposals that update and influence senior stakeholders.

• Experience of identifying best practices and ability to respond to changes in the internal and external business environment to secure best value for the Group and its customers.

• An ability to apply expertise in contractual terms and conditions ensuring appropriate risk mitigation is embedded into supply contracts.

• An ability to own, report and track financial benefits versus pipeline and targets, identifying potential risks and further opportunities.

• Have demonstrated Drive the vision and mission of Group Sourcing and Supplier Management to deliver on its driving principles.

And any experience of these would be useful

• Experience of working in a 3rd party M&A environment.

• Experience of working with data to drive decision making.

• Experience of working in Financial Services.

About working for us

Our focus is to ensure we are inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity, or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it is why we especially welcome applications from under-represented groups. We are disability confident. So, if you would like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual performance-related bonus

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

If you are excited by the thought of becoming part of our team, get in touch.

We would love to hear from you!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.