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Procurement Manager

Apply now Job no: 049889
Work type: Permanent Full Time
Location: England - Newcastle, Scotland - Glasgow City Centre, UK
Categories: IT, Procurement

Job Title: Procurement Manager 
Business Unit: Digital and Innovation; Property and Procurement
Salary Range: £48,000 to £64,000 plus great benefits 
Location: UK Flexible 
Contract Type: Permanent

Disrupt the status quo. It’s a simple statement that tells you everything about our ambition. It’s about thinking what money could be, instead of what it’s always been. Thinking this way gives us so many opportunities to make our customers happier. We’re not like other banks – and we want you to help us be even more exceptional.

The Property and Procurement function reports directly into the Chief Digital and Innovation Officer. It is an established function covering all the categories of third party spend in the Bank. The function is regarded as a key enabler in achieving growth and cost reduction plans set out in the Capital Markets Day presentation through the identification and adoption of innovative third party sourcing solutions aimed at driving maximum value from all VM engagements with third parties.

The Procurement Manager is responsible for collaborating and networking across the Bank, with a specific focus on Digital Engineering Capability and Digital Solutions, establishing strong links with key business stakeholders and developing relationships with new and existing partners. This is a very exciting time to join given transformation journey we are on which enables us to deliver on our objective in being Digital First Bank.

This role in a nutshell/ Day to day you’ll be doing:

  • Category Lead for Digital Solutions, responsible for creating, maintaining and executing a category sourcing strategy and category plan.
  • You will be an integral colleague within an IT Procurement Team. As a key Team member, you will be flexible and where Stakeholder and Customer demand requires will deliver procurements out with your category.
  • Using your research skills, you will present useful collateral and insight to your Procurement colleagues and stakeholders. You will invest in building individual, Team, function and stakeholder knowledge that will inform strategies and accelerate achieving objectives.
  • Delivery of growth and savings targets for the Digital Solutions category in line with Property and Procurement targets and the targets of the various business areas across the Bank.
  • Creating strong and effective relationships with key stakeholders across the bank, as well as with key supplier relationships.
  • Leading simple and complex procurements, ensuring all stakeholder requirements are met within required timeframes will result in the most commercially attractive terms and conditions for the Bank. In doing so you will support the IT Sourcing Manager and Head of Property and Procurement with departmental priorities
  • Providing accessible and proactive mentoring to the Property and Procurement team, developing knowledge, skills and competence of all staff through focussed coaching and development activities.
  • Leading Property and Procurement initiatives and opportunities.

To be successful for this role you’ll have/ You’ll need to bring:

  • Resilience and confidence when operating in an environment where change is the norm
  • Procurement expertise and experience in general sourcing, outsourcing and offshoring 
  • Ability and confidence to take accountability and own both complex and simple procurements
  • 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
  • Strong negotiation and influencing skills
  • Research skills to bring useful insight and collateral to your Stakeholders
  • Ability to cope with multiple priorities in a changing environment.
  • Excellent interpersonal & communication skills with the ability to influence in a collaborative manner.

We’d love it if you had:

  • Regulatory knowledge
  • Knowledge of the Supply Chains and Supply Markets
  • Knowledge of Sourcing Strategies and Opportunities 
  • Awareness of industry trends in procurement and sourcing and in banking specifically in relation to sourcing opportunities
  • Awareness of tools and techniques, processes and practices of innovative sourcing and commercial negotiation techniques
  • Knowledge of Risk Process
  • Sound understanding of Commercial and Legal Language

What's in it for you... RED HOT Rewards: 

  • A generous holiday package and the option to buy more!
  • Private Medical Insurance - with the option to extend to family members.
  • Pension!  A market leading pension – we’ll top up your contributions too.
  • Flexible benefits – customise your rewards to work for you!

Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our friendly team at or

Point to note…

At the minute, depending on which team you are joining, lots of us are working from home. This is something that may change over time, and if so, we will come together in one of our hub locations, giving you the chance to meet your new colleagues in person. We will of course, make sure you have the IT equipment to access our systems and to interact digitally with your new team and colleagues, but we thought it best to let you know this in advance, so you can make sure you are set up to work safely and productively. If you have any questions on this let us know!

Now the legal bit…

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.

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Applications close: GMT Daylight Time

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