financial
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Duties and Responsibilities
- Oversee procurement operations across the bank, ensuring alignment with internal policies and external regulatory requirements (e.g., FCA, PRA).
- Manage the end-to-end procurement lifecycle, including sourcing, contract negotiation, purchase order management, and supplier performance.
- Collaborate with compliance, legal, risk, and finance teams to ensure procurement practices meet audit and regulatory standards.
- Maintain and enhance procurement systems and tools (iValua, Oracle, Market Data tool - Optimise), ensuring data integrity and process automation.
- Develop and implement procurement strategies that support cost optimization, risk mitigation, and service quality.
- Lead supplier due diligence and onboarding processes, including financial stability checks and compliance with third-party risk management policies.
- Monitor procurement KPIs and prepare reports for senior management and regulatory bodies as required.
- Support internal audits and external regulatory reviews related to procurement and third-party management.
Qualifications, Skills, and Experience
- Strong understanding of procurement regulations and third-party risk management in the financial sector.
- 5+ years of procurement experience, preferably within banking or financial services
- Experience with procurement systems (e.g., SAP, Oracle, Coupa) and contract lifecycle management tools.
- Excellent negotiation, analytical, and stakeholder management skills.
- Professional certifications such as CIPS, CPSM, or equivalent are highly desirable.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003
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