Supplier Management Analyst

The Bank of London Group; City of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A financial institution located in London is seeking to hire a Supplier Manager to enhance their supplier management processes. The role requires strong negotiation skills and the ability to manage supplier relationships effectively. Applicants should have experience in supplier lifecycle management and a proactive attitude. This is a full-time position requiring in-office work five days a week.

Qualifications

• Experience in managing the supplier lifecycle from identification to evaluation.
• Strong understanding of procurement processes.
• Ability to manage and minimize supply chain risks.

Responsibilities

• Understand business requirements for services or suppliers.
• Conduct market surveys and manage RFx activities.
• Develop relationships with suppliers.

Skills

Supplier management

Contract negotiation

Risk assessment

Communication

Organizational skills

Analytical thinking

Tools

Contract Lifecycle Management (CLM)

Supplier Management tools

Job description

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Job Description

Bank of London offers a safer business banking model by holding all deposits at the Bank of England, eliminating the risk of 'bank runs.' It provides services such as Deposit-as-a-Service (DaaS), Embedded Banking, real-time Clearing, Payments, and Settlement, as well as Commercial Banking tailored to businesses. Powered by proprietary technology, the bank collaborates with SAP Fioneer to deliver innovative solutions. With a focus on exceptional service and core values of compassion, ownership, and curiosity, the bank strives for excellence in all it does.

You will play a key role in the UK Bank’s central business functions, ensuring operational efficiency, regulatory compliance, cost control and optimisation. Reporting to the Project & Supplier Manager, you will help to manage all aspects of the supplier lifecycle, from identifying and qualifying suppliers to managing and evaluating their performance.

Responsibilities

• Working with stakeholders to understand the business requirements for a new service or supplier
• Conducting market surveys and managing RFx activities
• Developing new and existing relationships with suppliers
• Performing risk assessments to determine supplier risk profiles
• Negotiating contract terms with suppliers
• Managing supplier performance and identifying areas of improvement through internal and external reviews
• Managing and minimising the risks (operational, reputational etc.) that could affect or interrupt the supply chain
• Considering the environmental impact of the supply chain in order to meet sustainability targets
• Supporting the optimisation and strengthening of our procurement processes
• Implementing new technologies and staying alert to new trends and developments in the sector
• Takes initiative, works pro-actively with the ability to multi-task
• Good understanding of end-to-end supplier lifecycle management
• Positive and resilient mindset to deliver amazing outcomes
• Logical, solution based and analytical approach to work
• Ability to work at pace through conflicting priorities
• Strong organisational, planning and presentation skills
• Experience using Contract Lifecycle Management (CLM) or Supplier Management tools
• Excellent communication and interpersonal skills, with the ability to build relationships and work effectively with internal and external stakeholders

Location

• London (5 days per week in the office)
• Travel to other locations may be required on occasion.

Diversity

Bank of London is an equal opportunity employer committed to inclusion, diversity and belonging. All qualified applicants are welcome and will receive consideration for employment without regard to race, colour, age, religion or religious expression, sex, sexual orientation, gender or gender identity and expression, transgender, national origin, or military veteran status.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance