Procurement Manager

Absolute Recruit

Posted 11 days ago, valid for 8 days

London, Greater London EC1R 0WX

Full Time

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Sonic Summary

Our client, a prominent global Fintech, is seeking a Procurement Manager with over 5 years of experience in procurement management, particularly within financial services, electronic trading, or Fintech.
The role involves overseeing procurement activities, focusing on supplier selection, negotiation, contract management, and performance oversight to support the company's growth and regulatory compliance.
Key responsibilities include partnering with internal stakeholders, leading sourcing processes, managing contracts with legal teams, and developing procurement strategies and policies.
The ideal candidate should possess strong commercial acumen, negotiation skills, and a solid understanding of third-party risk management and regulatory compliance.
The position offers a competitive salary, reflecting the candidate's experience and expertise in a dynamic, high-growth environment.

Our client, a leading global Fintech, is recruiting a Procurement Manager to oversee procurement activities across the business, with a focus on supplier selection, negotiation, contract management, and ongoing performance oversight. This is a strategic role that will work closely with all departments to support their continued growth and regulatory obligations globally. Main Responsibilities:

Partner with internal stakeholders across departments to identify business requirements, source solutions, and manage supplier relationships.
Negotiate optimal commercial terms, pricing, SLAs, and renewal terms with vendors.
Lead end-to-end sourcing processes from RFP through to onboarding and integration.
Work with legal and compliance teams to manage contracts and ensure third-party vendors meet regulatory frameworks.
Build and maintain strong relationships with suppliers to ensure performance and values.
Support cross-functional projects involving new technology rollouts or vendor integrations.
Manage procurement budgets across departments and track actual spend vs. budgeted spending and highlight any risks or overspend.
Identify areas for cost savings or contract renegotiations without compromising performance or compliance.
Develop and implement procurement strategies, processes and systems/tools and ensure procurement policies are adhered to across the organisation.

Skills / Experience:

5+ years’ experience in procurement management within financial services, electronic trading or Fintech.
Good understanding of financial market infrastructure
Strong commercial acumen and negotiation skills.
Knowledge of third-party risk management and regulatory compliance
Strong stakeholder management. Confident and proactive in communication with people at all levels and a good team player.
Ability to juggle multiple priorities in a high-growth and fast-changing environment.

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