Head of Procurement

The TP ICAP Group is a world leading provider of market infrastructure.Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.Through our people and technology, we connect clients to superior liquidity and data solutions.The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform.Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.Role OverviewThe Procurement function is a strategic, commercial, and risk-focused team responsible for delivering leading-edge procurement services aligned to business strategy. We enhance value and productivity across the supplier value chain through effective supplier relationship management, demand and consumption management, analytics, and third-party risk management.Our mission is to ensure TP ICAP achieves value from its global supplier landscape—delivering cost efficiencies, performance improvements, risk mitigation, and service excellence.The Global Lead of Procurement – Technology Services reports directly to the Group Head of Corporate Services and will lead procurement and expense management across all global Technology spend.This role requires a commercially astute leader with deep experience in technology sourcing, supplier management, and contract negotiations. The successful candidate will partner closely with senior global stakeholders—including the Group CIO and Technology leadership team—to define and deliver sourcing strategies that generate cost efficiencies, strengthen supplier partnerships, and enhance service quality.The role will lead a global team of Category Managers, Sourcing Managers, Telecoms Expense Managers, and Analysts, ensuring best-in-class procurement practices and supplier governance.Key ResponsibilitiesCategory Strategy & DeliveryDevelop and implement a rolling 3-year Technology Category Sourcing Strategy, covering supplier segmentation, consolidation, preferred supplier lists, and strategic procurement levers.Define and deliver category plans for Technology Infrastructure & Services that align with business objectives and procurement strategy.Stakeholder & Supplier EngagementBuild and maintain strong relationships with senior technology and business stakeholders, including the CIO, Heads of Technology, Finance, and Operations.Act as a trusted commercial partner, bringing market insights and procurement expertise to support decision-making.Engage with third-party suppliers to deliver cost-effective, risk-aware, and performance-driven outcomes.Sourcing & Contract ManagementLead complex, high-value contract negotiations (>£250k p.a.), embedding commercial, contractual, performance, and service delivery requirements.Oversee sourcing processes, including pipeline management, competitive tenders, and benchmarking exercises.Ensure effective renewal and management of technology contracts, aligning supplier strategies with business goals.Support Supplier Onboarding and Offboarding in partnership with the Procurement Efficiency Office.Supplier Relationship & Risk ManagementEstablish post-deal Supplier Management governance and performance monitoring processes across the technology supplier landscape.Ensure all relevant Third Party Risk Management (TPRM) activities are completed on time.Collaborate with the Contract Management team to resolve supplier performance and commercial issues.Governance & ReportingParticipate in and lead relevant governance forums, providing insightful MI/BI analytics, reporting, and metrics.Ensure compliance with procurement policies, procedures, and risk frameworks.Actively contribute to procurement transformation, continuous improvement, and innovation programmes.Team LeadershipLead, coach, and develop a global team, fostering a high-performance, collaborative culture.Ensure staff receive appropriate training and development to fulfil their potential.Promote an environment of integrity, respect, and accountability across the function.Experience & CompetenciesEssentialSignificant experience at Category Lead or equivalent level in procurement, with strong expertise in Technology Services spend categories.Proven track record of delivering cost efficiencies, value-for-money outcomes, and risk-managed procurement strategies.Strong contract negotiation experience, including complex and high-value agreements.Demonstrated ability to build and execute multi-year category strategies.Excellent stakeholder management and communication skills, with experience influencing at Board and C-suite level.Demonstrated leadership experience managing diverse and global teams.Strong understanding of third-party risk management principles and regulatory expectations.Evidence of driving procurement transformation, continuous improvement, or innovation programmes.Ability to operate in a fast-paced, global environment with competing priorities.DesiredExperience in the financial services industry or another highly regulated sector.Familiarity with global procurement regulations, compliance requirements, and supplier governance models.Knowledge of technology supplier markets (e.g. cloud, software licensing, infrastructure, telecoms).Experience working with category panels, preferred supplier lists, and large-scale vendor consolidation programmes.Exposure to expense management and Telecoms expense reporting processes.Advanced data analytics, MI/BI reporting, or use of procurement technology tools.Relevant professional qualifications (e.g. CIPS, MBA, Legal/Commercial Contracting).Band & LevelFunction Head / 8Not The Perfect Fit?Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.Company StatementWe know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.LocationUK - 135 Bishopsgate - London