Procurement Manager

Procurement Manager Salary: c£65k (DOE) + bonus & benefits Location: Edinburgh, Glasgow or Newcastle (hybrid 1-2 days per week in the office) Type: Permanent We’re working with a leading financial services organisation to recruit an experienced Procurement Manager. This role sits within a highly regulated environment and works closely with senior stakeholders to manage supplier strategy, onboarding, and ongoing governance. You’ll play a key role in ensuring suppliers are selected, onboarded, and managed in line with FCA and PRA regulatory requirements, while delivering strong commercial value to the business.

This is a fast-paced opportunity suited to someone with strong procurement experience in financial services or insurance, who can manage multiple priorities and operate confidently across a complex stakeholder landscape. Key Responsibilities Align procurement activity with wider business and regulatory objectives Lead sourcing activity, including RFP processes and supplier selection Manage end-to-end contract lifecycle, including onboarding, renewals, and exits Ensure all third-party suppliers are compliant with FCA/PRA requirements and internal governance frameworks Support and deliver robust supplier onboarding processes, including due diligence and risk assessments Build and maintain strong relationships with key internal stakeholders and external suppliers Oversee contract management activity, including performance, risk, and compliance monitoring Drive cost savings through effective negotiation and sourcing strategies Monitor and report on savings targets and procurement performance Identify and escalate risks associated with supplier relationships Support procurement governance, reporting, and continuous improvement initiatives Key Requirements Proven experience managing procurement activity within Financial Services or Insurance Strong understanding of FCA and PRA regulations, particularly in relation to third-party onboarding and supplier risk management Experience leading complex RFP processes with Tier 1 suppliers Category experience across professional services and/or claims supply chain preferred Experience supporting underwriting and/or claims functions advantageous CIPS qualification (or working towards) preferred Strong commercial acumen and negotiation skills Experience managing supplier relationships, performance, and risk Ability to manage multiple priorities in a fast-paced, regulated environment Experience working within large, complex organisations Excellent stakeholder engagement and communication skills Strong analytical capability, including interpreting financial data to inform decisions What You’ll Bring A collaborative approach and ability to influence at all levels A results-driven mindset with a focus on delivering value and compliance Strong judgement and problem-solving capability A proactive approach to risk and regulatory adherence Commitment to continuous improvement and best practice