Procurement Manager

2 weeks ago

London Area, United Kingdom The Consultancy Group (London) Full time

The Consultancy Group are currently seeking a highly experienced and motivated Senior IT Procurement Specialist to join our dynamic team. In this role, you will be instrumental in optimising IT procurement processes, with a particular focus on enhancing supplier risk management and ensuring compliance with all regulations. As a strategic thinker with a proven track record in IT Procurement, contract management, and building strong internal and supplier relationships, you will contribute significantly to advancing procurement processes throughout the organisation.


Key Responsibilities and Accountabilities:

  • Lead the development and implementation of the Supplier Risk Management Strategy and Framework, including Phase 1 Supplier Risk Management.
  • Establish governance and oversight structures for IT suppliers, encompassing supplier due diligence, risk assessments, and compliance audits.
  • Serve as the custodian of the Supplier Management Policy and support procurement excellence processes and systems adoptable across all departments.
  • Proactively identify opportunities for process improvement, cost efficiencies, and enhancement of existing supplier relationships and services.
  • Support the continued development of a Technology Procurement Catalogue in close collaboration with product teams.
  • Build and maintain strong relationships with key internal stakeholders, including product, digital, IT, and finance teams.
  • Collaborate with cross-functional teams to streamline procurement processes, identifying optimal procurement solutions as needed.
  • Provide strategic procurement expertise and guidance to other departments as required.
  • Analyse market trends, identify cost-saving opportunities, and negotiate favourable terms with vendors.
  • Oversee contract management, ensuring timely execution, performance reviews, and compliance with agreed terms.
  • Create a Supplier Management Procedure document (handbook) with essential controls, in collaboration with the centralised workstream.
  • Develop an operating model, RACI (Responsible, Accountable, Consulted, Informed) matrix, and resource plan.
  • Deliver executive-level reporting of supplier KPIs (Key Performance Indicators) and KRIs (Key Risk Indicators).
  • Coordinate due diligence during supplier onboarding and ensure continuous supplier assurance by tracking and monitoring third-party risks.
  • Act as custodian, super user, and advocate for the source-to-pay solution, exploring the benefits of procurement technology to improve processes.
  • Provide strategic procurement expertise and support to various departments across the organisation as needed.


Essential Skills:

  • Strong understanding of technology and IT applications, with awareness of the latest technology trends and market developments.
  • Extensive experience in negotiation, supplier management, and contract management.
  • Proven experience in presenting to senior business and technology stakeholders.
  • Ability to build and sustain effective communication with project stakeholders.
  • Strong commercial acumen with robust risk management and mitigation abilities.
  • Knowledge of regulatory requirements within the financial services sector.
  • Methodical approach with exceptional attention to detail and precision.
  • Clear and effective communication skills across all organisational levels.


Desirable Skills:

  • Additional certifications in procurement, risk management, or supplier relationship management.
  • Experience with procurement technology, such as P2P, S2P, and ERP tools.

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