Manager - Group Procurement Support

2 weeks ago

Liverpool, United Kingdom Rathbones Group Plc Full time

Company description:

A rewarding place to work. At Rathbones, We invest in everyone's tomorrow that includes our people. We are always looking for future talent, and we can help you build a rewarding career with clear paths to progression and the opportunity to share in the success of our business.

Job description:

Job Title: Manager - Group Procurement Support

Department: Group Shared Services

Location: Liverpool

Contract Type: Permanent

Reporting to: Michelle Flynn

Working Arrangements: Hybrid (at least 2 days in the office)

The Role

Operating as part of the Group Procurement & Supplier Management team in 1LOD, to provide a business partnering approach to the Group, supporting business units through the procurement process including sourcing activity, contract negotiation, supplier renewals and the forward planning of procurement activity. Providing guidance and support to Group colleagues; and providing management information for all levels of management.

Outcomes of the Role
  • To develop and support procurement strategies, in line with the Groups strategic objectives.
  • Working with key stakeholders, to support the value-add commercial outcomes in contract negotiations with suppliers.
  • Support and deliver training & awareness activities to colleagues across the Group on the procurement, and as applicable supplier relationship/performance management processes, ensuring they are understood and embedded.
  • Support the development and maintenance of the Group procurement & supplier risk management policies and procedures to ensure compliance with applicable regulations, & industry best practice.
  • Develop and maintain key performance metrics to measure the effectiveness of procurement activities, specific to onboarding and supplier renewals.

Procurement, Supplier Relationship Management & Contract Management Activities

  • Supporting the implementation and continuous improvement of a Group Procurement & Third-Party Supplier risk management strategy and supporting framework (including supplier on-boarding, contract negotiation, renewal and termination activities).
  • Working with stakeholders across all business areas, providing guidance and support in conducting market research to identify new vendors, products and services, that can assist the Group achieving its objectives.
  • Supporting the management of procurement/third-party risk, helping key stakeholders ensuring that arrangements are in place to protect the Group from risk, whilst delivery optimum value from the supply chain.
  • Working with key stakeholders, in particular the Finance function, to capture, and report on potential supplier consolidation opportunities, and cost saving initiatives.
  • Working with key stakeholders, supporting the governance structure in place to ensure oversight of supplier relationships, service delivery and performance, that service standards set out within contractual frameworks, and assisting regulatory and legal compliance.
  • Assisting in the delivery of appropriate training and awareness to Group-wide colleagues to support their awareness and understanding of the required processes and requirements regarding the on-boarding and renewal of Third-Party suppliers.
  • Supporting the business area with interactions with external legal support.
  • Supporting the creation, maintenance & update of guidance materials to support all business areas with all types of procurement activity.

Risk Management

  • Supporting the management of risk across the supply chain, helping to ensure that arrangements are in place to protect the firm from risk whilst delivering optimum value from the supply chain.
  • Ensure adherence to the risk management policy and procedures, including expected standards of internal control.

Reporting

  • Supporting the data inputs into the monthly reporting to the Director of Group Shared Services highlighting areas of concern, key risks & salient issues.
  • Participate, engage & produce regular updates (when requested) to senior management, including the GEC, on Third-Party risks & issues; including the Groups adherence to regulatory requirements.

Professional Development

  • Take responsibility for ensuring personal continuing professional development.
  • To keep abreast of industry and profession best practice, as well as any regulatory changes vendor risk management; understand the impact on the Group & provide updates to senior management.
  • Fully meet the requirements of Rathbones Competencies & Values.

Other

  • Contribute towards the continuing development of the Group Procurement & Supplier Management team, as well as the wider Group by establishing and participating in projects, committees and other activities as required from time to time, as directed by the Head of Group Procurement & Supplier Management, and/or Director of Group Shared Services.
Knowledge, Skills and Experience
  • PC literate, in particular knowledge of the MS Office suite to create reporting dashboard and status reports.
  • Analytically sound, to be able to interrogate data to provide meaningful interpretation and output.
  • Good organisation and time management skills.
  • Excellent and persuasive communicator, both verbally and in written form.
  • Ability to develop, build and maintain relationships with both internal and external stakeholders.
  • Positive and self-motivated individual.
  • Proactive stance towards continual professional development.
  • Must have worked within a similar role in procurement/supplier management, ideally with significant experience.
  • Financial services industry exposure ideal.
  • Knowledge of FCA, PRA, EBA regulatory guidance and requirements for outsourcing and third-party risk management.

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