The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
Role Overview
The Procurement function is responsible for the provision of leading edge procurement services aligned to business strategy and requirements, aiming to enhance value and productivity across the supplier value-chain through effective, efficient and agile processes delivered by a strategic, commercial and risk focussed function. The function plays a crucial role in ensuring that the organisation achieves value (i.e. performance, financial, enhanced risk, etc.) from its global supplier landscape. As such Procurement is accountable for the implementation and management of strategic procurement driving value through effective supplier relationship management, demand & consumption management, MI & BI analytics, third party risk management and the like.

At a high-level, the Procurement team are accountable for:

• Strategic Procurement
• Supplier Relationship Management
• Commercial Contract Management
• Market Data
• Supplier Cost Management
• Consumption Management
• Third Party Risk Management
• Regulatory Compliance
• Procurement Analytics and MI Management
• Contract Management
• Supplier Diversity & Inclusion
• Strategic Sourcing Strategy
• Technology and Innovation

Role Responsibilities

• Support the Global Lead Procurement – Technology Services with development and implementation of 3 year rolling Technology Category Sourcing Strategy, including supplier segmentation, supplier consolidation strategy, PSL category definition and strategic procurement levers implementation
• Define and agree Technology Infrastructure & Services category plan that delivers ongoing commercial value in terms of cost, performance and risk in accordance with the overall procurement strategy aligned to the business objectives and strategies
• Build strong relationships with technology and business stakeholders, business management and finance as well ask third party suppliers
• Provide market insights to the broader procurement team including key stakeholders, senior management and the procurement sourcing office
• Deliver sourcing process including pipeline management, competitive tenders and benchmarking to identify best supplier option is identified and commercial, contractual, performance and service delivery stipulations are embedded and aligned to business requirements.
• Ensure and complete all relevant Third Party Risk Management activities on a timely basis through liaison with the Procurement Efficiency Office
• Ensure that all technology infrastructure & services contracts have been abstracted and added to the contract repository and contract meta data is kept up-to-date throughout the contract lifecycle.
• Assign technology infrastructure & services contract sourcing projects (<£250k p.a.) in liaison with the CoE Procurement Lead to the Procurement Sourcing Office and manage successfully delivery thereof through active management of assigned souring managers to the projects.
• Actively participate in the Procurement strategic initiatives including transformation, continuous improvement and innovation programmes
• Manage and lead complex and high value contract (>£250k p.a.) negotiations with suppliers
• Participate and manage appropriate Governance forums and develop supporting metrics & reporting in conjunction with the Procurement Efficiency Office.
• Collaborate and support the commercial contract management team with the management of the category Panels and Preferred Supplier Lists, performance and commercial issues during the post-deal contract period.
• Provide support to the Procurement Efficiency Office with supplier onboarding queries and process issues, as well as offboarding of suppliers upon contract termination.

Experience / Competences

Essential

• Significant experience in commercial contract negotiations and developing category strategies specifically in IT Infrastructure & Services spend categories.
• Ability to communicate effectively both verbally and in writing, with a track record of engaging and influencing key stakeholders, suppliers, and senior leadership.
• Demonstrated expertise in sourcing processes, including pipeline management, competitive tenders, and benchmarking to ensure optimal supplier selection.
• Understanding of third-party risk management processes, with the ability to execute required risk assessments and support contract compliance.
• Proven capability to establish strong relationships with technology and business stakeholders as well as with suppliers to ensure alignment and collaboration on procurement objectives.
• Ability to lead complex contract negotiations for high-value contracts (over £250k p.a.) with suppliers to secure favourable terms aligned with the company’s needs.
• Experience in managing multiple sourcing projects, including participation in governance forums, to ensure procurement initiatives align with organizational goals.

Desired

• Demonstrable record of achieving cost savings and enhancing value for money through strategic sourcing initiatives.
• Proven skill in developing and implementing long-term procurement strategies that align with business goals and demonstrate measurable results.
• Familiarity with the procurement challenges, regulatory requirements, and supplier landscapes unique to the company’s industry, which can aid in strategic decision-making.
• Experience in assessing supplier capabilities, managing supplier performance, and building strong, mutually beneficial relationships to support long-term business objectives.
• Ability to analyse data and market trends to identify cost-saving opportunities, assess supplier performance, and make informed, data-driven decisions.
• Knowledge of procurement tools and technologies that streamline procurement operations, enhance data visibility, and improve process efficiencies.

Job Band & Level

• Manager / 7

LI-MID #LI-Hybrid

Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn’t align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don’t hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That’s why we’re building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
Location
UK - 135 Bishopsgate - Londo

At a high-level, the Procurement team are accountable for:

• Strategic Procurement
• Supplier Relationship Management
• Commercial Contract Management
• Market Data
• Supplier Cost Management
• Consumption Management
• Third Party Risk Management
• Regulatory Compliance
• Procurement Analytics and MI Management
• Contract Management
• Supplier Diversity & Inclusion
• Strategic Sourcing Strategy
• Technology and Innovatio

Role Responsibilities

• Support the Global Lead Procurement – Technology Services with development and implementation of 3 year rolling Technology Category Sourcing Strategy, including supplier segmentation, supplier consolidation strategy, PSL category definition and strategic procurement levers implementation
• Define and agree Technology Infrastructure & Services category plan that delivers ongoing commercial value in terms of cost, performance and risk in accordance with the overall procurement strategy aligned to the business objectives and strategies
• Build strong relationships with technology and business stakeholders, business management and finance as well ask third party suppliers
• Provide market insights to the broader procurement team including key stakeholders, senior management and the procurement sourcing office
• Deliver sourcing process including pipeline management, competitive tenders and benchmarking to identify best supplier option is identified and commercial, contractual, performance and service delivery stipulations are embedded and aligned to business requirements.
• Ensure and complete all relevant Third Party Risk Management activities on a timely basis through liaison with the Procurement Efficiency Office
• Ensure that all technology infrastructure & services contracts have been abstracted and added to the contract repository and contract meta data is kept up-to-date throughout the contract lifecycle.
• Assign technology infrastructure & services contract sourcing projects (<£250k p.a.) in liaison with the CoE Procurement Lead to the Procurement Sourcing Office and manage successfully delivery thereof through active management of assigned souring managers to the projects.
• Actively participate in the Procurement strategic initiatives including transformation, continuous improvement and innovation programmes
• Manage and lead complex and high value contract (>£250k p.a.) negotiations with suppliers
• Participate and manage appropriate Governance forums and develop supporting metrics & reporting in conjunction with the Procurement Efficiency Office.
• Collaborate and support the commercial contract management team with the management of the category Panels and Preferred Supplier Lists, performance and commercial issues during the post-deal contract period.
• Provide support to the Procurement Efficiency Office with supplier onboarding queries and process issues, as well as offboarding of suppliers upon contract termination