Procurement Transformation Specialist 12 months FTC with possibility to extend . However, the international nature of our business means that we have a flexible approach to working hours, so the role involves occasional working beyond 5pm to make sure that the Bank can carry out its business properly and efficiently. Not applicable London The job holder is required to attend the office regularly with anticipated 2-3 days weekly office attendance. There is also plenty of opportunity to work from home, for which equipment will be supplied.
The main purpose of the role is to lead, create and transform and centralise a new Procurement division in the Bank. Focus of the role is to drive efficiency, cost savings and improve an overall procurement performance. Key Responsibilities Discovery o Undertake a detailed analysis of our existing Procurement state by reviewing our current operating model to understand the ’As Is’ and development of an updated benefits case including efficiency and cost benefit opportunities. Design o Support the creation of a full business case with supporting evidence and strategic framework. The key outcome required is to compare the ’As Is’ situation with ’Fit for Purpose’ solution whilst ensuring to keep the Bank’s strategic objectives in mind to develop a series of recommendations along with the design of a revised target operating model that can be utilised cross-department, as well as outlining the steps required in achieving these objectives. Delivery o Detailed planning and implementation of the overall agreed upon plan, including delivery of key objectives which include identified saving delivery offerings to create a self-funded function within the organisation. Areas of continuous improvement should also be highlighted to ensure ongoing regeneration of best practises. Division Creation and Strategic Transformation o Develop and implement a comprehensive procurement transformation strategy aligned with the company’s overall business objectives. o Lead the establishment of a new procurement division from the ground up, including staffing, processes, and systems. o Identify opportunities for process improvements, cost reductions, and enhanced efficiency within the new procurement division. Process Optimization o Conduct thorough analysis of current procurement processes, identifying bottlenecks and inefficiencies. o Design and implement streamlined, scalable procurement processes and systems for the new division. o Ensure procurement activities comply with internal policies and external regulations. Technology Integration o Lead the selection and implementation of procurement technologies and tools (e.g., e-procurement systems, procurement analytics platforms) for the new division. o Ensure effective integration of new technologies with existing systems and processes. Change Management o Develop and execute change management plans to ensure smooth adoption of new processes and technologies. o Provide training and support to procurement staff and other stakeholders. o Foster a culture of continuous improvement within the new procurement division. Performance Measurement o Establish key performance indicators (KPIs) to measure the effectiveness of procurement activities and transformation initiatives. o Regularly monitor and report on procurement performance, providing insights and recommendations for further improvement. Stakeholder Management: o Collaborate with internal stakeholders (e.g., finance, operations, legal) to ensure alignment and support for procurement transformation initiatives. o Build and maintain strong relationships with key suppliers and external partners. Risk Management: o Identify and mitigate risks associated with procurement activities and transformation projects. o Ensure robust contract management and supplier performance monitoring processes are in place. Cross-functional Collaboration: o Collaborate with various departments within the Bank, such as PCM, Legal, and Operations, to ensure procurement activities are aligned with business needs and comply with internal policies.
Flexible working: A hybrid working policy, allowing employees to combine office and home working. Attendance in the office is subject to operational needs.
• Minimum of 5 years’ experience working with Procurement, Enterprise Resource Planning (ERP) and contract management tools. • Excellent understanding of Procurement Policies and Procedures.
Experience in writing and integrating them within the function/organisation.
• Proven record of Professional Services/Contracts management experience including negotiation of terms.
• A commercial Procurement outlook with an ability to provide commercially focussed advice.
• Proficiency in using procurement software and tools, including Service Now as well as data analysis and reporting.
• Knowledge of banking regulations and compliance requirements related to procurement activities.
• Experience in leading transformational business process reengineering and a drive in change management.
• Change leadership.
• Communication skills: Advanced level. Able to effectively engage and influence a diverse range of stakeholders, present complex information clearly, and write comprehensive policies and reports. Able to drive procurement initiatives, secure stakeholder buy-in and lead the transformation of the procurement division. • Stakeholder management. : • Extensive and demonstrable experience in Procurement within Financial sector (desirable). Qualifications: • Bachelor’s degree in Business Administration, Supply Chain Management, or a related field. • Professional certification in Procurement (e.g., CIPS, CPSM) is highly desirable. As a global organisation, diversity is a critical component to our success as a business and we believe that having a workforce that reflects the communities in which we operate brings benefits to everyone: our clients, our business and our employees.