Business Unit / Team: Chief Operating Office
Salary range: £54,400 - £78,600 per annum DOE + red-hot benefits
Location: Flexible - UK based remote working available, may be required to attend Newcastle or Glasgow occasionally
Get out of your comfort zone. Live a life more Virgin.
Our Team
The Procurement function is an established team that covers all the categories of third party spend and third-party risk management across the Bank, and is currently executing a two year Transformation plan through investment in technology and people to deliver a strategic service to the business.
The role will report directly to a Senior Procurement Manager and will be responsible for providing procurement and category experience, knowledge and insight to deliver competitive advantage for Virgin Money across Technology.
You will be responsible for collaborating across the Bank, with a specific focus on technology procurement, establishing strong links with key business stakeholders and developing relationships with new and existing partners. This is a very exciting time to join given the transformation journey we are on which enables us to deliver on our objective of being a Digital First Bank.
What you'll be doing
- Lead key procurement initiatives for business units within the IT Sourcing Team
- Develop and drive the category strategies, with the focus on the appropriate use of firms, ensuring the right engagement model and identify and leverage commercial opportunities
- Deliver savings Target for your category and in line with the Procurement targets and the savings target of the business areas
- Create strong and effective relationships with key stakeholders across the Bank, as well as with key supplier relationships
- Lead tendering processes and complex procurement initiatives, ensuring that all stakeholder requirements are met within required timeframes and result in the most commercially attractive terms and conditions for the Bank
- Provide leadership and guidance across VM and Procurement on sourcing approaches and execution
- Lead Procurement initiatives and opportunities and supporting with departmental priorities
- Represent Procurement, both internally and externally at relevant Business Review Meetings and Governance Meetings
We need you to have
- Procurement Knowledge across several IT categories - experience within the infrastructure category and working with suppliers such as BT, IBM & Microsoft would be advantageous
- Resilience and confidence when operating in an environment where change is the norm
- Ability to understand complex contractual documentation and identification of key issues
- Ability to communicate effectively with senior colleagues / stakeholders and to network across the Bank
- Knowledge of Sourcing Strategies and Opportunities
- Strong negotiation and influencing skills
- Knowledge of the Supply Chains and Supply Markets
- Awareness of industry trends in procurement and sourcing and in banking specifically in relation to sourcing opportunities
- Knowledge of VM and its people, to be able to build relationships with key stakeholders
- Ability to cope with multiple priorities in a changing environment
- Excellent interpersonal skills, the ability to negotiate and influence in a collaborative manner
- Ability to work in a team, adaptable and responsive to the team and wider bank colleagues
It's a bonus if you have but not essential
- Practical understanding of the regulatory environment within which VM operates
- Awareness of tools and techniques, processes and practices of innovative sourcing
- Knowledge of Risk Process
- Sound understanding of Commercial and Legal Language
Red Hot Rewards
- Generous holidays - 38.5 days annual leave (including bank holidays and prorated if Part–Time) plus the option to buy more
- Up to five extra paid well-being days per year
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
- Market-leading pension
- Free private medical cover, income protection and life assurance
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
- Ability to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we're lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We're making great strides towards achieving our ambition of becoming the UK's best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money', underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We're committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks - we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employm