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Procurement Manager

1 month ago

London, Greater London, United Kingdom Insight Investment Full time
Job Description

Insight Investment is seeking a highly skilled Procurement Manager to join its Vendor Management team in London. The successful candidate will be responsible for developing and implementing procurement strategies, managing vendor relationships, and serving as a key partner to the business.

The Procurement Manager will oversee up to 500 vendors and collaborate with key stakeholders, subject matter experts, legal teams, and vendors to ensure compliance, cost efficiency, and operational excellence.

Key Responsibilities:

  • Ensure all business transactions align with BNY / Insight policies, procedures, legal requirements, regulations, and ethical standards.
  • Build strong relationships with internal and external stakeholders.
  • Lead procurement activities, including supplier sourcing, renewals, contract negotiation, and supplier onboarding, ensuring due diligence and compliance.
  • Assist with developing and executing procurement strategies that support Insight's goals and regulatory requirements.
  • Prepare regular sourcing reports, dashboards, and spend analysis to senior management.
  • Identify opportunities for process improvement and innovation.
  • Maintain accurate records and documentation for all supplier-related activities, ensuring compliance and audit readiness.
  • Manage key supplier relationships, prepare, and establish NDA, MSA, SOW, pricelists, catalogues data, terminations, and other contracts in line with strategies.
  • Negotiate and manage administration for a large quantity of complex contracts in multiple categories, including NDAs, complex agreements, SOWs, and terminations, among others.
  • Independently review and analyse contract asks, effectively communicate requirements, and determine solutions and actions in response to contract asks.
  • Ensure Insight receives best value for money and associated cost saving and that no unnecessary costs are incurred.
  • Communicate contract-related information to all stakeholders.
  • Liaising with legal and other SMEs for the negotiation of agreements when required.
  • Conduct complex research to support contract negotiations and comply findings into an appropriate, intuitive format.

Requirements:

  • Bachelor's degree or equivalent combination of education and work experience required.
  • Business, Procurement, Supply Chain degree or CIPS qualification preferred.
  • Understanding of procurement and sourcing processes and practices in financial sector preferred.
  • Experience working in a controlled environment, where you understand all the key regulations and processes involved in sourcing activities.
  • A wealth of category knowledge across multiple complex categories, with a key focus on Technology.
  • Strong stakeholder management skills, with the ability to influence and negotiate effectively.
  • Demonstrated ability to achieve cost savings and add value through strategic sourcing initiatives.
  • Proactively generates new ideas and solutions to enhance Vendor Management & Sourcing processes and outcomes.
  • Strong contract modelling skills.
  • Proven experience managing complex and non-complex sourcing deals and categories, in the context of the financial services or regulated environment.
  • Strong analytical and reporting skills, with proficiency in data analysis and report generation.

Insight Investment is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at TalentAcquisition@InsightInvestment.com

About Insight Investment

Insight Investment is a leading asset manager focused on designing investment solutions to meet its clients' needs. Founded in 2002, Insight's collaborative approach has delivered both investment performance and growth in assets under management. Insight manages assets across its core liability-driven investment, risk management, full-spectrum fixed income, currency and absolute return capabilities.

Insight has a global network of operations in the UK, Ireland, Germany, US, Japan and Australia. More information about Insight Investment can be found at: www.insightinvestment.com