Procurement Lead

THE ROLE 📝  

As the Procurement Lead, you will take ownership of all procurement activities across Form3 within a newly established procurement function. This is a unique opportunity to define and shape the future of procurement within the organisation.  

Your role will involve managing the entire procurement process, from capturing requirements and drafting RFPs to collaborating with stakeholders and negotiating contracts. Additional responsibilities include:   

• Design the new procurement process by defining triggers, roles and responsibilities to create an efficient workflow  
• Define reporting requirements from both an operational and senior management perspectives to ensure transparency and effective decision-making
• Communicate and provide training to the Vendor Owners, to ensure they understand the new function and processes
• Work closely with the Vendor Management team and provide support as needed
• Build strong , mutually beneficial relationships with current Form3 vendors and  potential future vendors to enhance collaboration
• Collaborate with the business to determine appropriate management information, including key performance indicators (KPIs) and risk indicators that define the standard of service for effective supplier relationship management
• Continuously review and update procurement and vendor management processes and policies, together with the Vendor Management team. 

WE’RE LOOKING FOR  🔍  

Essential  

• Proven experience in creating or transforming procurement functions that support a growing and ambitious organisation
• In-depth knowledge of vendor sourcing practices (researching, evaluating, and liaising with vendors)
• Ability to create financial reports and conduct cost analysis  
• A solid understanding of supply chain procedures, associated risks, and risk mitigating strategies  
• Appropriate professional qualifications—minimum: MCIPS
• Strong stakeholder management and analytical skills  
• Ability to create financial reports and conduct cost analysis  
• Strong negotiation skills and ability to network effectively  
• Excellent communication and presentation skills  

Desirable  

• Experience in financial or technology services, with a regulatory knowledge of EBA and PRA guidelines on outsourcing 

THE TEAM 👥  

The Vendor Management team oversees the end-to-end lifecycle of all Form3 vendors, with a focus on strategic technology and cloud vendors. The team consists of three members who ensure alignment with our policies and procedures while collaborating with the wider business to achieve the best outcomes.  

Our approach is collaborative, building strong relationships internally and externally, while supporting each other in order to achieve our individual & team goals. 

INTERVIEW PROCESS ✍️  

Stage 1: Screening Call with Talent Team  

Stage 2: Team Interview with Hiring Manager & Team Member 

Stage 3: Interview with CFO 

We always aim to stick to the above process, however there may be occasions when an additional interview stage is needed for us to be sure we’re hiring the right person!  

HIRING LOCATIONS 📍  

We are able to accept applications from the following countries; United Kingdom 

ABOUT FORM3 💭  

Revolutionising the world of payments with our cutting-edge technology and innovative solutions. For more information about life at Form3 check out the following pages:  

What we do | Life at Form3 | Benefits | Flexa-verified employer | Podcasts