Procurement Analyst in Wrexham

1 month ago

Wrexham, Wrexham, United Kingdom Chetwood Financial Limited Full time

About Chetwood Financial Bank:

We've been challenging the way financial services firms should operate ever since our launch back in 2016.

From day one, we've been focused on helping customers underserved by the mainstream banks, creating highly targeted products to meet their specific needs. Today, we focus on mortgage and savings products. We understand real people and their real lives, and our simple, clear approach is designed to help customers make sense of their money. We work hard to make sure customers get the quick and helpful support they need.

We're a secure, stable, and well-funded bank backed by a large investor. We generate funding using retail deposits through our savings brand, SmartSave.

The Procurement Analyst is a key role within our Third Party Management team, responsible for overseeing the procurement of new vendors and ensuring the efficient management of the vendor lifecycle. This position plays a crucial part in securing high-quality, cost-effective goods and services while maintaining the integrity and accuracy of our vendor management system.

Key Responsibilities:

  • Vendor Sourcing: Identify and evaluate potential vendors, ensuring they meet the bank's quality, cost, and service requirements.
  • Contract Negotiation: Assist with negotiations for new vendor contracts, ensuring terms are favourable and align with the bank's strategic goals and compliance standards.
  • Vendor Onboarding: Oversee the onboarding process for new vendors, ensuring all necessary documentation and approvals are in place.
  • Vendor Management System Maintenance: Ensure the vendor management system is kept up to date with accurate and relevant information, including contract details, performance metrics, and compliance records.
  • Performance Monitoring: Implement and track performance metrics to monitor vendor service levels, quality, and compliance, conducting regular reviews and audits.
  • Stakeholder Collaboration: Collaborate with internal stakeholders, including Legal, Compliance, Risk, and various business units, to ensure seamless integration and alignment of procurement activities with the bank's needs.
  • Risk Management: Identify, assess, and mitigate risks associated with procurement activities, ensuring adherence to regulatory requirements and internal policies.
  • Cost Management: Drive cost-saving initiatives and strategies to optimize procurement spending without compromising quality or service.
  • Market Research: Stay informed about market trends, pricing fluctuations, and new products/services that could benefit the bank.

Qualifications:

  • Bachelor's degree in Business, Supply Chain Management, Finance, or a related field; advanced degree or certifications (e.g., CIPS, CPM) preferred.
  • Proven experience in procurement, vendor management, or supply chain management, preferably within the financial services sector.
  • Strong understanding of procurement processes, contract law, and vendor risk management.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficiency in procurement and vendor management software.

Skills:

  • Strong analytical and problem-solving abilities.
  • Attention to detail and accuracy in data management.
  • Ability to manage multiple priorities and work effectively in a fast-paced environment.
  • Strategic thinking and the ability to drive process improvements.
  • Team leadership and project management skills.
  • Ability to work with SaaS solutions and proficient in Microsoft Office.

Chetwood Benefits:

  • Competitive salary
  • 25 days holiday PLUS your BIRTHDAY off
  • Pension contribution with Royal London
  • Life Assurance
  • Private medical, dental and optical health insurance with Axa
  • Hybrid working – Wrexham or Central London
  • Free breakfast available

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