Sourcing and Procurement Specialist

5 hours ago


Bristol, Bristol, United Kingdom Lloyds Bank plc Full time
About the Role

We are seeking an experienced Sourcing and Procurement Specialist to join our team. In this role, you will be responsible for leading sourcing projects with marketing agencies, driving strategic change and innovation within our agency network.

You will contribute to the development of category strategies, delivering specific sourcing initiatives to drive the effective supply of services to Lloyds Banking Group and management of the cost base. You will also support the marketing teams with their transformation plans.

  • Deliver opportunities that drive down cost and deliver value for goods and/or services through the identification of cost saving initiatives in line with the Group's targets and objectives.
  • Lead cross-functional teams through the sourcing process, leveraging economies of scale through robust contract negotiations, agency selection and management of the commercial aspects of the 3rd party agency relationships.
  • Apply knowledge of contractual terms and conditions ensuring appropriate risk mitigation embedded into supply contracts to provide high quality services to the Group.
  • Work collaboratively with the agency management teams to develop and implement the appropriate agency governance structure ensuring effective contract handover.
  • Undertake all activities in line with all relevant Group policies and within Group risk appetite, ensuring compliance to all policies, procedures and systems providing an efficient and auditable sourcing trail that will ensure robust risk management.

The ideal candidate will have a solid background and experience within Marketing Categories (Media, Creative Agencies, Market Research, Sponsorship) and strong internal and external stakeholder management skills.



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