Procurement Sourcing Manager

London Permanent
  • Opportunity to work for a fast growing business
  • Hybrid working

About Our Client

Our client is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. We are transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it. Emerging markets payments are usually challenging, expensive, unreliable and opaque. Our solutions help fix these pain points. Ultimately, we connect traditionally hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.

FX and cross-border payments are often complex and expensive, especially when operating in emerging markets. Our client wraps its deep and trusted relationships and strength of network around innovative digital capabilities, and cross-border transaction banking solutions to enable fintech, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets

Job Description


  • Responsible for maintaining the Sourcing Management Framework integrating sustainable procurement and sourcing standards across CAB.
  • Develop and execute sourcing strategies for indirect spend categories, aligning with the organisation's business objectives. Analyse market trends, vendor capabilities, and internal requirements to identify opportunities for cost reduction and process improvement.
  • Identify, evaluate, and select vendors for indirect products and services. Establish and maintain strong relationships with key vendors, working closely to ensure adherence to contractual terms, delivery schedules, and quality standards.
  • Lead contract negotiations to secure favourable terms, pricing, and service level agreements. Ensure that contracts are comprehensive, compliant, and address relevant risk factors while maximising value for the organisation.
  • Identify potential risks in the supply chain and implement strategies to mitigate them. This may involve contingency planning, diversification of vendors, and ensuring compliance with relevant regulations and industry standards.
  • Continuously monitor and analyse spending patterns, identifying opportunities to optimise costs without compromising quality or service. Implement cost reduction initiatives and monitor their effectiveness.
  • Collaborate with internal stakeholders such as finance, legal, IT, and department heads to understand their requirements and align procurement strategies accordingly. Act as a trusted advisor to ensure sourcing activities support overall business goals.
  • Identify and implement process improvements within the procurement function. Leverage technology and automation to streamline procurement processes, enhance data analysis, and improve decision-making.
  • Stay informed about industry trends, technological advancements, and best practices in sourcing. Apply this knowledge to innovate and adapt sourcing strategies as needed.
  • Ensure that all sourcing activities adhere to regulatory requirements and ethical standards. Uphold the organisation's code of conduct and promote a culture of ethical behaviour within the organisation and vendor network.

The Successful Applicant

Desirable Skills and Experience:

  • Extensive experience in procurement and sourcing. Can demonstrate a track record of delivering contract negotiations, cost savings and strategic sourcing initiatives in a high growth environment.
  • Must have held a previous sourcing role and be able to demonstrate a strong track record of working and communicating effectively at across the breadth and depth of and organisation.
  • 5+ years of experience in procurement, sourcing, contract negotiation and vendor management within financial services or a similar regulated environment.

What's on Offer

  • Hybrid working, 3 days per week in our Sutton office.
  • Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
  • Life Assurance - 4 times annual salary
  • Group Income Protection
  • Private Medical Insurance - this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology
  • Discretionary Bonus
  • Competitive Annual Leave
  • 2 Volunteering Days
  • Benefit Hut
Lloyd Hughes
Quote job ref
Phone number
+44 207 269 2459

Job summary

Job function
Procurement & Supply Chain
Supply Planning
Financial Services
Contract type
Consultant name
Lloyd Hughes
Consultant phone
+44 207 269 2459
Job reference