Procurement Specialist

3 weeks ago

Cardiff, Cardiff, United Kingdom Starling Bank Full time

At Starling Bank, we're committed to building a world-class procurement function that supports our business growth and sustainability. As our Procurement Manager, you'll play a critical role in shaping our procurement strategy, building strong relationships with suppliers, and driving value for our organization.

About the Role:

We're seeking a seasoned procurement professional to join our team and help us achieve our goals. As Procurement Manager, you'll be responsible for:

  • Maintaining relationships with a pool of suppliers, ensuring a high level of engagement and a 'share of voice' within the supplier organization.
  • Reviewing, negotiating, contracting, and recontracting third-party agreements in line with commercial, regulatory, legal, and policy principles.
  • Negotiating and establishing competitive commercial agreements, documenting evidence of commercial improvements or cost avoidance.
  • Post-contract management, measuring relationships against agreed SLAs, engaging with internal stakeholders, and ensuring regular cadence of MI meetings with strategic suppliers.
  • Optimizing vendor commercial and operational performance, as well as internal processes.
  • Identifying, documenting, and agreeing requirements at the beginning of a project to provide clarity during the contracting, negotiation, and sign-off process.
  • Maintaining knowledge of third-party arrangements, with an emphasis on Service Level Agreements, pricing, termination, and notice provisions.
  • Maintaining a sound working knowledge base of category supplier capacities in the market, category market trends, and developments, attending trade events and conferences where applicable.
  • Staying up-to-date with sector regulatory legislation and changes, ensuring compliance with all associated training.
  • Maintaining procurement and contractual workflows within the contract management system.
  • Building healthy and productive relationships with key internal stakeholders within category spend areas.
  • Acting as a point of escalation, providing guidance and support to stakeholders across the organization.
  • Working closely with the Vendor Management Office (VMO) and Due Diligence team to ensure supplier onboarding aligns with company values, meeting all relevant criteria and ethical thresholds.
  • Collaborating with the commercial legal team throughout the contracting process.
  • Working in tandem with the Data Protection and Security teams to ensure contracts meet current thresholds in these areas.
  • Contributing to monthly reporting and updates to Executives (VMF).
  • Conducting market tenders/benchmarks (RFP, RFI, & RFQs) as required.
  • Maintaining inventory (volume and quality) with suppliers, providing up-to-date forecasts, and ensuring a seamless supply of product as required by the business.
  • Serving as an ambassador for the wider function within Starling Bank.

Requirements:

  • University degree
  • Minimum of 3 years' experience as a Procurement Manager
  • Experience collaborating with internal and external stakeholders
  • Strong research skills
  • Highly numerate
  • Ability to analyze and interpret challenging data to provide positive commercial outcomes
  • Contractually literate, with the ability to negotiate around the finer points of an agreement
  • Experience managing and writing RPPs and tender documentation
  • Great relationship-building, communication, problem-solving, organizational, and time-management skills, with an overall collaborative approach
  • Ability to be self-motivated and work cooperatively as part of a team

Benefits:

  • 25 days' holiday (plus take your public holiday allowance whenever works best for you)
  • An extra day's holiday for your birthday
  • Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
  • 16 hours paid volunteering time a year
  • Salary sacrifice, company-enhanced pension scheme
  • Life insurance at 4x your salary & group income protection
  • Private Medical Insurance with VitalityHealth, including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith, and Peloton
  • Generous family-friendly policies
  • Incentives refer a friend scheme
  • Perkbox membership, giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships, and Electric Vehicle (EV) leasing

About Us:

We're a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We're a bank, but better: fairer, easier to use, and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff, and Manchester offices.

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