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Procurement Manager - Information Security Category

Apply now Job no: 060970
Work type: Permanent Full Time, Permanent Part Time
Location: Remote - work from anywhere within the UK
Categories: Procurement

Business Unit: D&I, Property and Procurement
Location: Remote - work from anywhere within the UK, with some occasional travel to our Newcastle or Glasgow offices
Salary: Circa £64,500 DOE

Contract Type: Permanent

It’s an exciting time to be joining Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re on the lookout for like-minded individuals and innovators to help drive our strategy forward. We’re also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.

The Property and Procurement function is led by Kimberley Warren and 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 the cost reduction plans of the Bank through the identification and adoption of innovative third-party sourcing solutions aimed at driving maximum value from all VM engagements with third parties.

As the Procurement Category Lead, you’ll be responsible for collaborating and networking across the Bank, with a specific focus on Information Security and Technology procurement, establishing strong links with key business stakeholders and developing relationships with new and existing partners. The transformation journey we are on enables us to deliver on our objective in being a Digital First Bank which makes it a very exciting time to join us.

Here’s what it means for YOU:

  • 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
  • Up to Five extra paid well-being days per year
  • A 35 hour working week
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Market leading Pension
  • Private Medical Insurance
  • Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
  • A digital-first colleague experience
  • Ability to work anywhere in the UK (where the role allows)

And, you get these Red Hot Rewards from day 1!

This role in a nutshell:

  • Creation and maintenance of category sourcing strategy and category plan.
  • Take the lead on other procurement initiatives, opportunities and supporting with departmental priorities.
  • Support delivery of initiatives with the Security Investment Programme.
  • You’ll be an integral colleague within the IT Operations Procurement Team. As a key Team member, you’ll be flexible and where Stakeholder and Customer demand requires will deliver procurements out with your category.
  • Delivery of Savings Target for your category and in line with the Procurement targets and the savings target of the business areas.
  • Creation of strong and effective relationships with key stakeholders across the Bank, as well as with key supplier relationships.
  • Leading tendering processes and complex procurement initiatives, ensuring that all stakeholder requirements are met within required timeframes and result in the most commercially attractive terms and conditions for the Bank.
  • Providing leadership and guidance across VM and Procurement on sourcing approaches and execution.
  • Representing Procurement, both internally and externally at relevant Business Review and Governance meetings.

To be successful you’ll need to bring:

  • Resilience and confidence when operating in an environment where change is the norm and cope with multiple priorities
  • Procurement expertise and experience in general sourcing, outsourcing and offshoring
  • Ability to understand complex contractual documentation and identification of key issues
  • Effective communication with senior colleagues / stakeholders and to network across the Bank
  • Excellent interpersonal skills, the ability to negotiate and influence in a collaborative manner.

We’d love you to have:

  • Regulatory knowledge
  • Knowledge of Supply Chains, Markets, 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

We really need you to have the skills and experience listed in the to be successful section above, but the rest is just our wish list, so please don’t let that put you off applying, we’d love to hear from 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 careers team at

Now the legal bit…

Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.

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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