Sourcing Manager and Assistant Sourcing Manager

Lloyds Banking Group

West of England

On-site

GBP 39,825 - 66,500

Full time

14 days+

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Benefits offered by this job

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

30 days holiday, plus bank holidays

Well-being initiatives and generous parental leave policies

Job summary

A major financial institution in the UK is seeking a Sourcing Manager and Assistant Sourcing Manager to deliver high-profile consultancy engagements. This role involves managing the full sourcing lifecycle and requires proven experience in sourcing and commercial negotiations. Strong relationship-building skills and commercial acumen are essential. The position offers a hybrid working model, competitive salary, and various benefits including generous pension contributions and personal development opportunities.

Qualifications

Proven ability to manage end-to-end sourcing activities and lead commercial negotiations.
Comfortable in a high-volume, fast-moving environment, managing multiple projects simultaneously.
Skilled at developing and nurturing strong partnerships with stakeholders to influence outcomes.

Responsibilities

Deliver high-profile consultancy engagements and ensure outstanding sourcing support.
Manage the end-to-end sourcing cycle for consultancy services.
Build and maintain relationships with senior stakeholders.

Skills

Sourcing expertise

Delivery at pace

Relationship builder

Commercial acumen

Contract management

Market insight

Personal growth

Technical skills

Tools

Procurement systems

Job description

Sourcing Manager and Assistant Sourcing Manager

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Base pay range

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Job Title Sourcing Manager and Assistant Sourcing Manager
Salary: £39,825 – £66,500
Location: Edinburgh, Bristol, Birmingham or Halifax
Hours: Full‑time
Working Pattern: Hybrid – at least two days per week (or 40% of time) at one of the above locations.

About us

We’re on an exciting journey to transform our Group and the way we shape finance for good. We focus on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

About this opportunity

We have two open positions in our management consultancy team: Assistant Sourcing Manager and Sourcing Manager where you’ll join a high‑energy team that partners with senior stakeholders to shape and deliver strategic consultancy engagements across the organisation. You’ll lead and enable the full sourcing lifecycle – from defining requirements and running competitive tenders to securing great commercial outcomes that support the organisation’s priorities. As a specialist in sourcing processes, tools and best practice, you’ll drive value, protect quality and help strengthen a resilient supply base. All activity is delivered in line with Group policies and risk frameworks.

What You’ll Do

Deliver high‑profile consultancy engagements and ensure business partners receive outstanding sourcing support.
Manage the end‑to‑end sourcing cycle for consultancy services – shaping requirements, coordinating market engagement, developing tender documentation, evaluating proposals and leading commercial and contractual negotiations.
Apply deep knowledge of contractual terms and conditions to embed robust risk mitigation strategies in supply agreements.
Build and maintain influential relationships with senior stakeholders to shape priorities and anticipate future consultancy needs.
Influence stakeholders to apply the right procurement strategies and precedents, guiding them to make optimal buying decisions that deliver value and protect the Bank’s interests.
Engage strategically with suppliers to strengthen partnerships and align delivery with Group objectives.
Collaborate seamlessly with Management Consultancy Supply Chain teams, Group Cost & Insights and Professional Services Cost Management to maximise value and deliver excellence across the sourcing lifecycle.
Champion compliance with Group risk frameworks and regulatory requirements, embedding robust governance across sourcing activities.
Navigate established policies and procedures to find solutions, resolve queries and ensure internal customers receive timely, value‑adding sourcing support.
Take ownership of shaping and delivering the Management Consultancy strategy for your assigned business areas, lead high‑complexity sourcing projects and drive strategic change initiatives that elevate team capability and performance.

What You’ll Need

Sourcing Expertise: Proven ability to manage end‑to‑end sourcing activities and lead commercial negotiations.
Delivery at Pace: Comfortable in a high‑volume, fast‑moving environment, managing multiple projects simultaneously.
Relationship Builder: Skilled at developing and nurturing strong partnerships with stakeholders to influence outcomes.
Commercial Acumen: Confident in challenging the status quo and applying commercial thinking to deliver enhanced value.
Contract Management: Experience managing and delivering outcomes for a portfolio of contracts within established procurement procedures and risk management systems.
Market Insight: Ability to maintain an up‑to‑date understanding of the consultancy supply market and its wider influences.
Personal Growth: Willingness to grow capabilities by pursuing and investing in personal development opportunities.
Technical Skills: Proficiency in procurement systems and tools to manage sourcing activities effectively.