Procurement Specialist

6 days ago

Wrexham, Wrexham, United Kingdom Chetwood Financial Limited Full time

About Chetwood Financial Limited:

We are a leading financial services firm that has been challenging the status quo since our inception. Our mission is to provide innovative and tailored financial solutions to customers who are underserved by the mainstream banking sector.

We have a strong focus on mortgage and savings products, and our approach is centered around understanding the needs of real people and their lives. Our products are designed to be simple, clear, and easy to understand, helping customers make sense of their finances.

We are a secure, stable, and well-funded bank backed by a large investor, generating funding through retail deposits through our savings brand, SmartSave.

Procurement Analyst Role:

The Procurement Analyst is a critical 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 vital 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 favorable and align with the bank's strategic goals and compliance standards.
  • 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.

Requirements:

  • Bachelor's degree in Business, Supply Chain Management, Finance, or a related field.
  • 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.
  • Proficiency in procurement and vendor management software.
  • Attention to detail and accuracy in data management.
  • Team leadership and project management skills.
  • Ability to work with SaaS solutions and proficient in Microsoft Office.

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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