Senior Procurement Manager

Senior Procurement Manager, London, Permanent

We're searching for a Senior Procurement Manager who will take an innovative approach to strategic sourcing and value creation. With your valuable procurement perspective and deep understanding of risk management, you'll optimise supplier relationships and ensure our customers receive a high-quality service.

Key Accountabilities

• Develop and implement a long-term category strategy according to organisational goals, including savings targets and risk reduction
• Work with the Pay.UK Head of Commercial Deals, Head of Third Party Risk Management and Pay.UK executives to translate commercial and functional aims into achievable procurement goals
• Manage large procurement projects of high complexity, risk and value (whether it’s a renewal, change or new procurement)
• Maintain a current understanding of the supplier market, with an awareness of future developments and changes
• Develop annual plans of activity in liaison with the Pay.UK Head of Commercial Deals, Head of Third Party Risk Management and Pay.UK executives
• Manage the renewal pipeline appropriately ensuring all contracts are renewed on-time and to the expected standards
• Engage with Pay.UK business stakeholders and develop stakeholder networks and management approaches across business to ensure all third-party requirements are captured and fed into the appropriate forum
• Manage expectations and output from stakeholders involved in tenders, contract negotiation and completion including Second Line of Defence stakeholders
• Work with the Commercial Management team to ensure that those deals are robustly and thoroughly handed over to be managed post-signature
• Present sourcing approach, sourcing recommendation and deals for approval at the appropriate Committees (where relevant based on criticality and tiering)
• Understand complex requirements and contract structures, seeking advice from technical / functions as appropriate.
• Provide issue resolution and mitigation solutions where stakeholders are experiencing poor supplier performance.
• Management of procurement analyst(s) and manager(s) as required, with responsibility for their goals, performance and career development
• Develop coaching relationships at all levels to support the development of colleagues and increase the effectiveness of the function
• Report on cost savings, cost avoidance and a wider set of KRI’s and KPI’s
• Coordinate governance for all procurement led procurement projects
• Oversee the contract renewal pipeline ensuring activities are adequately resourced
• Enhance existing operational procurement structures, introducing commercial knowledge and rigour underpinned by policy, process and people. Consistently find ways of improving current procurement processes
• Participate in addressing procurement audit’s or 2LoD’s mitigation actions

Qualifications, Skills & Experience

• Appropriate level of procurement experience in Financial Services, Payment Industry or highly regulated sector
• Procurement Deal Execution (RFI/RFP)
• Advanced Contract negotiation and completion capability (pre-signature phase)
• Enhanced stakeholder management capability
• Contract management renewals experience
• Delivery of value adds against 3rd party spend
• Procurement category management experience

At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.

 

About Us

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2023, the UK's retail payment systems processed 11.4 billion transactions worth £9.3 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 10.2 million switches since its launch in 2013.

Every day, people and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering the best-in-class payment infrastructure and standards for the benefit of consumers and businesses nationwide.

 

 

Benefits & Additional Information

• 12% Non-contributory pension
• Discretionary annual bonus 
• 30 days annual leave (excluding bank holidays)
• Private medical insurance, life assurance, income protection, health cash plan, dental insurance, Bupa medicals etc
• Employee assistance programme
• Cycle to Work Scheme
• Season ticket loan
• Annual fitness subsidy of up to £500 per annum
• Working from home policy - minimum 40% in the office (eg. 2 days in the office over a 5 day working week)

Please note:

• Benefits for FTC roles may vary
• Benefits do not apply to any consultancy roles