Procurement Specialist

FNZ (UK) Ltd; Gurugram District; On-site; INR 600,000 - 900,000; Full time

Job summary

FNZ is seeking a Procurement Specialist to join the Global Operations and Delivery function. You will support procurement and supplier management, ensuring vendor relationships are well documented from requirements through contract signature and into ongoing reviews.

The role requires an organised self-starter with excellent communication skills, an interest in financial markets, and the ability to drive cost-saving initiatives, monitor supplier performance, and coordinate RFPs within the FNZ

Qualifications

• Bachelor’s degree or above.
• Excellent communication and organisational skills.
• Advanced English proficiency.
• Strong Excel, Word and PowerPoint skills.

Responsibilities

• Support and influence cost-conscious procurement activities.
• Maintain central records of third-party agreements and requirements.
• Monitor supplier performance, SLAs and KPIs.
• Coordinate RFPs within the management framework.
• Identify cost-saving initiatives and develop procurement strategies.
• Provide procurement and supplier-management support across the FNZ Group.

Skills

Excellent communication skills

Organised

Advanced English

Education

Bachelor’s degree or above

Tools

Excel

Word

PowerPoint

Job description

Job Title: Procurement Specialist

Reports to Head of Procurement & Supplier Management

Role Description

We are looking to recruit a motivated, tenacious and organised self-starter with impeccable communication skills and a passion for process management to join our rapidly growing global FinTech business. You should have an interest in financial markets or may have studied a relevant discipline at university. The Procurement Specialist will support the Procurement and Supplier Management Function by ensuring that new and existing vendor relationships are adequately managed and documented, completing several stages of the procurement process from the requirements phase through to contract signature, and then monitoring ongoing reviews.

Organisational Design

This role will report to the Head of Procurement & Supplier Management and operate within the Global Operations and Delivery function within FNZ.

Team Responsibilities

The Procurement function has primary responsibility for sourcing strategy throughout the FNZ Group globally, including the ongoing management of third-party relationships, annual due diligence collection and the delivery of benefits for FNZ Group.

• Support and influence interactions to encourage a cost-conscious culture within FNZ Group.
• Completing, tracking and recording due diligence across the entire supplier base.
• Ensuring best practice is followed throughout FNZ and contributing to increased process compliance throughout the organisation.
• Supply chain monitoring, both in terms of cost and functionality.
• Maintaining an up-to-date central record of all third-party agreements and requirements.
• Maintaining an up-to-date account of Total Cost of Ownership (TCO) for third-party services throughout the Group.
• Identifying cost-saving initiatives and working with the Head of Procurement & Supplier Management to develop procurement strategy based on organisational trends and behaviours.
• Reporting on value achieved and issuing standard procurement communications to lead buyers and budget holders.
• Coordinating RFPs within the set management framework.
• Providing Procurement and Supplier Management support services to the FNZ Group generally.
• Monitoring and documenting supplier performance, which may include collecting and reviewing management information, monitoring SLAs and KPIs, and obtaining client and end‑user feedback.
• Assessing the market for up-to-date and comparative pricing when new requirements are received.

Performance Assessment

• Data Input: Input data accurately and promptly across platforms.
• Client Liaison: Liaise with new and existing clients.
• Effective Communication: Ensure that information is communicated effectively to the necessary parties and in a timely manner to support rapid resolution.
• Accurate record keeping: Maintain records as required to ensure the investment process is transparent to regulators and external auditors.
• Procedures: Contribute to and maintain relevant and robust documented procedures.
• Projects: To support project work that impacts your specific team or processes.
• Continuous improvement: Continually assess the processes and controls and introduce improvements or efficiencies.
• Other Tasks: Undertake any other projects or tasks that may reasonably be required to facilitate the smooth operation of the company.

Expected Behaviours

• Accuracy: Ensure that daily tasks are completed accurately.
• Efficiency: Ensure that daily tasks are completed in a timely manner and deadlines are met.
• Multi-tasking: Demonstrate the ability to manage a number of different tasks and competing priorities on a daily basis.
• Regulatory knowledge: Ensure daily tasks are completed in line with regulations as directed by the manager.
• Planning: To prioritise the work to ensure all activities are completed on time and within agreed deadlines.
• Industry Awareness: Be aware of external events that may impact your tasks or role and take an interest in the industry in which you work.
• Working Across Boundaries: FNZ operates in an environment that encourages staff to learn about end-to-end processes. This helps to ensure our staff remain engaged and challenged throughout their careers.
• CPD: Develop, track and evidence professional and technical knowledge and skills through training and development to meet Continuing Professional Development (CPD) requirements as outlined in the T&D Framework.
• Representation of the team in a positive light across the organisation to ensure cost culture embedding with every discussion.

Experience Required

• Minimum bachelor’s degree or above
• Flexibility and willingness to learn
• Excellent communication skills
• Very well organised, with a proactive approach to tasks
• The ability to work accurately and to tight deadlines
• English at an advanced level
• Strong knowledge of Excel
• Contract and/or relationship management experience would be an advantage
• Financial knowledge would be an advantage
• Strong project management skills and experience would be an advantage
• Microsoft Word, Excel and PowerPoint skills required

About FNZ Culture

Our culture is what drives us. It's at the heart of who we are and everything we do. It's what inspires, excites and moves us forward. Our ambition is to create a culture for growth, one that opens up limitless opportunities for our employees, customers and the wider world. At FNZ we know that great impact is only possible with great teamwork.

That’s why we value the strength and diversity of thought in our global team.

The FNZ Way is the cornerstone of what we do. It comprises four values that set the standard for how everyone at FNZ interacts with each other, with our customers and with all our diverse stakeholders around the world.

Customer obsessed for the long-term Think big and make an impact Act now and own it all the way Challenge, commit and win together

Read more about The FNZ Way and our values: www.fnz.com/culture

Opportunities

Right from day one, you will work alongside exceptional, multicultural teams - experts in their respective fields - who will inspire and challenge you to make your greatest impact.

Be part of a highly successful, rapidly growing, global business that is leading the delivery of financial services via cloud computing and partners with some of the world’s largest companies; Working in a flexible and agile way that meets the needs of the business and personal circumstances.

Remuneration, significant financial rewards and career advancement are based on individual contribution and business impact rather than tenure or seniority; We provide global career opportunities for our best employees at any of our offices in the UK, EU, US, Canada, South Africa and APAC.

Commitment to Equal Opportunities

At FNZ, we recognise that diversity, equity and inclusion are important factors contributing to our success. We embrace the unique perspective and capabilities of our current and future employees, which will help us continue to drive innovation and achieve our business goals. Recruitment decisions at FNZ are made in a non-discriminatory manner without regard to gender, ethnicity/race, faith, age, nationality, gender identity, sexual orientation, marital status, socio-economic background, disability or military veteran status where all applicants and employees are valued and respected.

In addition, we want to ensure accessibility needs are well supported. If you require specific support, please advise us.

About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. We partner with the world’s leading financial institutions, with over US$2.5 trillion in assets on platform (AoP). Together with our clients, we empower nearly 30 million people across all wealth segments to invest in their future.

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. We partner with the world’s leading financial institutions, with over US$2.5 trillion in assets on platform (AoP). Together with our clients, we empower nearly 30 million people across all wealth segments to invest in their future.