Procurement Sourcing Lead

at  Financial Conduct Authority

Procurement Sourcing Lead
Salary: National ranging from £43,300 - £50,000 and London from £46,400 - £55,000
Are you looking to take the next step in your Procurement career within an evolving department?
The team/department
We are currently recruiting for a number of opportunities within the Procurement department at the FCA, and this is a really great time to join the team as it goes through an exciting time of change and transition.
As the Sourcing Lead, you will be responsible for the creation and implementation of the FCA procurement strategy within the category of responsibility, including strategic, operational, and tactical sourcing projects. This may include contract renewals with high to moderate complexity and risk. You will oversee the FCA’s external supplier spend within the category of expertise, driving breakthrough results for FCA through effective development and delivery of sourcing and contracting strategies. You will also be leading initiatives to deliver improved value for money for stakeholders or improved services that assist the FCA to deliver its external commitments and ensuring that project objectives are delivered to time and budget within the required quality standards.

What you will be doing (the role)

• Direct responsibility for development (and delivery where required) of sourcing and contracting strategies across a portfolio of complex and strategic categories and suppliers; these will deliver best in market, value for money and innovative solutions for the business
• Accountable for the delivery of a variety of risk/complexity sourcing activity (individual and any direct reports), including Request for Anything (RFx), supplier negotiations and contracting
• Ensuring compliance with FCA sourcing policy, public procurement regulations and other applicable regulations as a minimum standard and alignment with business strategy
• Demonstrating knowledge of markets and sophisticated commercial acumen through all sourcing activities and commercial negotiations
• Utilise and promote all FCA procurement systems as required across the category, and deliver procurement projects in line with the FCA procurement process and standards

What you will get from the role

• Working within procurement will allow you the opportunity to interact with many areas of the FCA and allow you enable the FCA to deliver is objectives
• While working with projects you will gain an opportunity to engage with staff and stakeholders at all levels on the organisation, attend project and programme boards to provide updates procurement progress and provide advice and guidance in relation to commercial issues
• Opportunity to work gain exposure to work with suppliers to find innovative and market leading solutions to problems faced within the Financial Service Sector
• A rare opportunity to understand and shape the workings of the financial sector at a time of considerable change

Our competitive flexible benefits scheme gives you the opportunity to create a personalised benefits package, tailored to suit your lifecycle. You can use this allowance to purchase additional benefits such as dental or cycle to work or you have the option top up your base salary by taking this as cash.

Core benefits that you will receive as standard are:

• 25 days holiday per year plus bank holidays
• Private healthcare with Bupa
• A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age – up to 12% a month once you reach age 35)
• Life assurance of eight times your basic salary
• Income protection

We support hybrid working which means you will be able to work from home up to 60% of the time over a month with the remainder of your time in one of our three office locations.
The skills and experience you will have
Minimum

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, who best meet the minimum criteria for a role.

• Proven experience of delivering end-to-end procurement processes
• Previous employment in a Procurement team within a Public Sector organisation
• Internal stakeholder management and working with project Teams

Essential

• Implementation of category strategy plans to provide a 1-3 year plan across the category area, in line with business and FCA objectives
• Experience of working within the Public Contracts Regulations and delivering procurements under various routes to market i.e. Find a Tender Service (FTS), Framework procurement processes (Government and other Contracting Authority enabled), and Dynamic Purchasing Systems Ability to demonstrate expertise in competitor and industry knowledge that drives innovation and commercial value, including the delivery of tender processes and contract negotiation
• Able to actively role model appropriate leadership behaviours, values and technical best practice across procurement
• Strong interpersonal skills to communicate highly complex information succinctly and in difficult environments, around highly sensitive issues both verbally and written at all levels
• Membership of the Chartered Institute of Purchasing and Supply (MCIPS) or equivalent (i.e. World CC) or willingness to work towards gaining appropriate level of qualification, and continuous professional development gaining Chartered status where the necessary CPD has been completed

About the FCA
The FCA regulates the conduct of 50,000 firms in the UK to ensure our financial markets are honest, fair and competitive. We do this to make sure markets work well for individuals, businesses and the economy as a whole. For more information on what we do, our three-year strategy can be found
here.
The FCA’s Values & Diversity
Our ambition is to cultivate a culture of inclusion for all employees that respects their individual strengths, views, and experiences. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation, and delivers better regulation.
The FCA is committed to achieving greater diversity across all levels of the organisations. Given this, we particularly welcome applications from women, disabled and minority ethnic candidates for our associate role.
Flexible working
We welcome applications from candidates who are looking for flexible arrangements. Many of our staff work flexibly including working part-time, staggered hours, and job shares. We can’t promise to give you exactly what you want but we won’t judge you for asking.
Multi-location
As part of the FCA’s on-going commitment to develop our national presence, most of our vacancies are now open to working in our Edinburgh, Leeds, or London offices. This means that as part of the application process you will be able to select your preference of which office location you would like to work from.
Useful information
Applications for this role close at 23:59 on 17th May 2024.
This role is graded as Senior Associate – Corporate
Got a question?
If you are interested in learning more about the role please contact:
For internal applicants, please contact Lindsey Mackenzie at
Lindsey.Mackenzie@fca.org.uk
For external applicants, please contact Ifrah Azam at
Ifrah.Azam@fca.org.uk
What to expect from our interview process
The assessment process consists of an initial screening call with the hiring manager. If successful, you will be invited to attend a competency-based interview.
Application support
We want to remove any possible barriers and are committed to providing a wide range of reasonable adjustments so that you can keep the focus on your conversations and be at your best.
If you have an accessibility requirement, disability, or condition that means you might require changes to the recruitment process, please contact your recruiter to discuss this further. Our aim is to make your application as easy and comfortable as possible, and your recruiter will be happy to work with you to make any necessary arrangements where possible.
Please note that all applications must be submitted through our online portal, applications sent via email will not be accepted

What you will be doing (the role)

• Direct responsibility for development (and delivery where required) of sourcing and contracting strategies across a portfolio of complex and strategic categories and suppliers; these will deliver best in market, value for money and innovative solutions for the business
• Accountable for the delivery of a variety of risk/complexity sourcing activity (individual and any direct reports), including Request for Anything (RFx), supplier negotiations and contracting
• Ensuring compliance with FCA sourcing policy, public procurement regulations and other applicable regulations as a minimum standard and alignment with business strategy
• Demonstrating knowledge of markets and sophisticated commercial acumen through all sourcing activities and commercial negotiations
• Utilise and promote all FCA procurement systems as required across the category, and deliver procurement projects in line with the FCA procurement process and standard

What you will get from the role

• Working within procurement will allow you the opportunity to interact with many areas of the FCA and allow you enable the FCA to deliver is objectives
• While working with projects you will gain an opportunity to engage with staff and stakeholders at all levels on the organisation, attend project and programme boards to provide updates procurement progress and provide advice and guidance in relation to commercial issues
• Opportunity to work gain exposure to work with suppliers to find innovative and market leading solutions to problems faced within the Financial Service Sector
• A rare opportunity to understand and shape the workings of the financial sector at a time of considerable chang

We are a signatory to the Government’s Disability Confident scheme. This means that we will offer an interview to disabled candidates entering under the scheme, who best meet the minimum criteria for a role.

• Proven experience of delivering end-to-end procurement processes
• Previous employment in a Procurement team within a Public Sector organisation
• Internal stakeholder management and working with project Team