Procurement Specialist – Financial Services - London

£700 - £800 Per Day - Financial Services - Procurement Specialist
Ref: 75 Date Posted: Tuesday 18 Jun 2019
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Procurement Specialist – Financial Services 

Position: Interim (6 Month Contract)

Day Rate: £700 - £800 Per Day  

Location: City of London

The Procurement specialist for Financial Services defines the strategy for all sub-categories on a UK and international level whilst managing global key supplier relationships. 

Drives strategic sourcing initiatives, defines and controls the global category end-to-end Procurement cycle and manages as well as optimises supplier performance and contracts for all globally managed sub-categories within Financial Services, whilstalso ensuring high level of customer satisfaction.

Main Responsibilities for the Role will Include: 

  • Developing category strategies and category strategic plans, including initiative plans, for all global sub-categories within Financial Services validating them with the Head of Sourcing & Category Management, and consulting with Regional Category Managers and the respective internal customers
  • Conducting strategic sourcing initiatives, including fact-based negotiations (supplier and industry analysis. benchmarks, cost structure analysis) for all global sub-categories within Professional Services, and ensuring process compliance and high levels of customer satisfaction
  • Defining supplier management strategy and executing strategic supplier relationship management with key global suppliers within Professional Services.
  • Leading major strategic sourcing initiatives as well as supplier relationship management programs with key regional suppliers for major regional sub-categories.
  • Identifying supplier risk areas and quantifying exposure to risk areas for globally and regionally managed sub-categories within Financial Services, and executing risk mitigation actions.

Required Skills: 

  • Must have strong knowledge of Financial Services settlements & payment process.
  • Strong and effective decision-making capacity
  • Effective at interpreting complex and multiple sources of information to make decisions
  • Strong programme management skills
  • Improves processes to eliminate non-value adding activities
  • Highly effective collaboration skills
  • Effective at influencing others, esp. executive management
  • Expert knowledge of Financial Services market place and external best practice