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Procurement Manager - 6-month fixed term contract

Trust unlocks our greatest potential.

For decades, the clearing of payments remained unchanged and unchallenged. We asked, what if there was a better way? What if we could make banking infrastructure faster, safer, more reliable, and easier to access for all? Here is where you can think radically and responsibly to find the best solution.

What happens when you know you’re inherently trusted? Trust creates safety. Safety encourages you to be brave, to challenge, to fail, to try new things and to execute. At ClearBank everything revolves around trust. We’re not expected to earn it, but we are expected not to break it. We’re trusted to own it. To solve issues in the moment. To know a good risk when we see one, and the judgement to know that ‘can’ doesn’t always mean you ‘should’.

What you can expect:

ClearBank is a place where you can do things differently and challenge the status quo. We will give you a high level of autonomy and transparency, and we trust you to make the right decisions for the bank.

If that excites you, how about joining our Procurement and Third-Party Operations team as a Procurement Manager for a 6-month fixed term contract? Reporting to the Head of Procurement and Outsourcing, you will be delivering an effective and efficient procurement service to the business and its stakeholders, and will be responsible for the management of all aspects of the procurement lifecycle, including category planning, sourcing, contract management and supplier risk management.

Your role includes:

• Managing a broad range of multi-category goods and services spend within the organisation

• Developing a focus on third-party spend management

• Supporting the Head of Procurement and Outsourcing to geographically extend the scope of existing contracts

• Providing ad hoc support across all aspects of procurement and supplier relationship management

What you’ll bring:

To excel in this role, you’ll also need:

• To be a motivated, driven, self-starter with a keen eye for detail

• To be passionate about third parties, and an advocate for good procurement

• Demonstrate an understanding of the relevant regulations that directly or indirectly relate to outsourcing and third-party management, including Outsourcing and Third-Party Risk Management, SYSC, EBA and GDPR

• Be experienced in all aspects of the procurement lifecycle, preferably within the financial services sector

• Previous experience in IT Procurement is preferred, although not essential

• Preferably be MCIPS qualified or have equivalent experience

• Ability to managing multiple projects and stakeholders simultaneously

Regretfully we are not able to sponsor applicants for immigration purposes at the current time.

What makes a great ClearBank team member? Does this sound like you?

• You focus on solutions and positive outcomes, thinking radically and responsibly to find the best result for our customers, your colleagues and the bank;

• You actively seek feedback from others to drive your growth and development, always assuming positive intent from others and develop strong, trusting relationships you’re your colleagues and customers: you really, genuinely care;

• You always strive for the highest quality, but you know that done is better than perfect; you welcome a challenge knowing that they learn as you go and iterate;

• ‘I’ before ’we’, isn’t in your vocabulary

If this sounds like you then we encourage you to dust off that CV and apply!

What we offer in return:

• We're flexible – We support a culture of flexibility which allows our employees to achieve a strong work-life balance.

• Offices – Work in a way that works for you – whether that’s in the London office, at home, or hybrid.

• Holiday – 27 days of annual leave per year, plus bank holidays.

• Work abroad – You have the flexibility to work outside of the UK for up to 30 days in a rolling 12-month period.

• Socials – Regular social events open to all.

• Holiday swap – Option to swap your bank holidays to any other day of your choice.

• Wellbeing – 24/7 employee assistance programme including mental health support, life assurance and income protection.

• Bigger than ClearBank – Take a couple of days per year to do something that matters to you.

• Healthy living – Private healthcare and discounted dental cover, with employee perks and discounts.

• Family – Enhanced family-friendly leave.

• Personal development – We offer personal development budgets, opportunities to take part in role-related training and unlimited LinkedIn Learning.

And not forgetting the biggest benefit of all. The opportunity to be part of an incredible team that’s building a tech-bank fit for the future.

A little bit more about us! 

ClearBank is Where You Can belong: 

At ClearBank we think about Diversity, Equity and Inclusion (DE&I) a lot. Not because we think we should. But because we know we should – how else can we build a happy workforce and be successful as a business. We’re committed to making sure our teams reflect society. And we put energy and effort into making this a place where everyone feels at home, where they’re given the trust and encouragement to do their very best work. Here are some of the things we’re most proud of: 

  • 42% of our senior management roles are held by women 

  • Our enhanced family leave policies

  • Launching our partnership with Code First Girls 

  • Increasing awareness of neurodiversity in the workplace through our partnership with the Inclusive Group 

Our hiring process and what you can expect:

Application: a member of our talent acquisition team will review your application against the key requirements for the role and let you know within two weeks whether you’re moving forward to the next stage; 

Screening: You’ll spend 30-45 minutes speaking to one of our recruiters learning more about the role and ClearBank, and we’ll get it know more about you, your experience and how your skills align with the role (this will be via phone or Teams video call). You can expect to hear back from us within seven days following this meeting (if things are taking longer than expected, we’ll let you know that too); 

First Interview: You’ll spend one hour with a member of our hiring team focusing on your skills, competencies and your ways of working at the same time we’ll give you time to ask more questions about the role, the team and learn more about the ClearBank culture. This will be via Teams.  

Second Interview: This will be a competency-based interview with one or more members of our team.

Final Stage: You will have a final meeting with the Head of Department. This will be around 45-60 minutes.  

Offer: Congratulations! Get ready for transform banking forever! 

 

Our commitment to you as a candidate: 

We will always try our best to get back to you within seven days of your interview whether you’ve been successful or not and provide you with feedback. Sometimes things take a little longer, so we may not have a decision to share but we will get it touch to let you know we need a little more time.  

We’re unable to provide specific individual feedback at the application or screening stage but know that your application was reviewed and considered carefully.  

We wish you the best of luck with your application and maybe we’ll be celebrating your new role at ClearBank soon!  

Equal Opportunities

ClearBank is committed to ensuring equal opportunities throughout every stage of the recruitment process. ClearBank recognises that diversity is vital to the long-term success of the business in the communities and markets in which it operates. ClearBank is also a firm believer that an inclusive culture fosters greater employee engagement and collaboration. 

ClearBank strives for diversity and inclusion of all forms, including (but not limited to): gender, age, educational and professional background, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief and sexual orientation. 

As part of the Company’s commitment to equal employment opportunity, we provide reasonable adjustments, to candidates during the recruitment process, including to individuals with disabilities. We want to create a safe space that welcomes everyone so please let us know how we can accommodate you. In case you have any accessibility requirements you can share that with our Talent Acquisition team prior to your interview stage, if applicable. 

The legal bit

By submitting your CV to ClearBank Limited you are providing your consent for us to use the information you provide for recruitment purposes. For more information on how we manage your data go and check out our Candidate Privacy Notice on the ClearBank website to see how we process, manage and look after your data. You are also allowing us to communicate with you by email and telephone for recruitment purposes. 

Average salary estimate

$55000 / YEARLY (est.)
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$45000K
$65000K

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What You Should Know About Procurement Manager - 6-month fixed term contract, ClearBank

At ClearBank, we're on a mission to revolutionize banking infrastructure, and we want you to join us! We’re looking for a proactive and detail-oriented Procurement Manager for a 6-month fixed term contract based in London with the option for hybrid working. In this role, you will have the unique opportunity to manage a diverse range of multi-category procurement activities across our organization. Reporting directly to the Head of Procurement and Outsourcing, you will be responsible for delivering exceptional procurement services to our business and its stakeholders. Your day-to-day tasks will include everything from category planning and sourcing to contract management and supplier risk management. If you’re passionate about third-party management and enjoy the autonomy of shaping procurement strategies, then this is the right place for you. You’ll be instrumental in extending the scope of existing contracts, managing vendor relationships, and ensuring compliance with relevant regulations. If you have experience in the financial services sector (preferably with IT Procurement), a keen eye for detail, and are driven to achieve results, we’d love to have you as part of our team. At ClearBank, trust is key, and we empower our employees to think creatively and challenge the status quo. Join us to be part of a supportive culture where you can grow and contribute to building a tech-focused bank for the future!

Frequently Asked Questions (FAQs) for Procurement Manager - 6-month fixed term contract Role at ClearBank
What are the main responsibilities of a Procurement Manager at ClearBank?

As a Procurement Manager at ClearBank, your main responsibilities will include delivering an effective procurement service, managing the procurement lifecycle, category planning, sourcing, and overseeing contract management and supplier risk management. You’ll collaborate closely with the Head of Procurement and Outsourcing to extend existing contracts and manage multiparty spend, ensuring compliance with relevant regulations.

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What qualifications are required for the Procurement Manager position at ClearBank?

To qualify for the Procurement Manager position at ClearBank, candidates should have a strong understanding of the procurement lifecycle, ideally within the financial services sector. Experience with IT Procurement is preferred. Candidates should also ideally hold an MCIPS qualification, although equivalent experience can suffice. A passion for third-party management and excellent project management skills are key.

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What does the work-life balance look like for a Procurement Manager at ClearBank?

ClearBank offers a flexible work culture, allowing the Procurement Manager to choose a hybrid work model, balancing time between the London office and remote work. This flexibility supports a healthier work-life balance, which is a core value of our company.

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Is there a focus on personal and professional development for the Procurement Manager role at ClearBank?

Absolutely! At ClearBank, we are committed to personal and professional growth. The Procurement Manager will have access to personal development budgets, opportunities for role-related training, and unlimited LinkedIn Learning resources to enhance their skills and career growth.

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What makes ClearBank an attractive workplace for a Procurement Manager?

ClearBank is an attractive workplace for a Procurement Manager due to our innovative culture that values trust, autonomy, and the freedom to challenge the status quo. We take pride in our diverse and inclusive environment and offer numerous benefits including a generous holiday allowance, flexible working arrangements, and a supportive team atmosphere.

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Common Interview Questions for Procurement Manager - 6-month fixed term contract
Can you explain the procurement lifecycle and its importance?

The procurement lifecycle includes all phases from identifying needs to contract management and supplier performance evaluation. For a Procurement Manager at ClearBank, understanding this lifecycle is crucial as it ensures that all procurement efforts align with business goals, mitigate risks, and deliver value to the company.

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How do you handle supplier performance issues?

When faced with supplier performance issues, I would first evaluate the specifics of the problem—recognizing areas of concern and gathering necessary data. Then, I would engage with the supplier to discuss the issues and work collaboratively to develop solutions, ensuring that communication remains open and constructive.

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What strategies do you use for effective stakeholder management?

Effective stakeholder management involves proactive communication, understanding their needs, and keeping them informed about procurement processes. I prioritize building strong relationships with stakeholders by actively seeking feedback and ensuring their concerns are addressed in a timely manner.

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What experience do you have with third-party risk management?

In my previous roles, I successfully developed risk assessment frameworks for third-party vendors, aligned with industry standards and regulations such as GDPR. This experience ensures that as a Procurement Manager at ClearBank, I can adequately identify and manage risks involved in supplier relationships.

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Can you give an example of a successful procurement project you managed?

Certainly! In my last role, I led a project to optimize vendor contracts which resulted in cost savings of 15%. I coordinated with cross-functional teams to identify key areas for negotiation and engaged vendors to ensure mutual benefits, ultimately improving overall service delivery.

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How do you ensure compliance with procurement regulations?

To ensure compliance, I stay updated with relevant regulations and adapt processes accordingly. I implement regular audits and training for the team, and I also use compliance checklists throughout the procurement process to minimize risks and ensure adherence.

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What role does technology play in procurement management?

Technology plays a pivotal role in streamlining procurement processes. I leverage procurement software to manage data efficiently, analyze spend effectively, and improve supplier communication. This not only enhances efficiency but also aids in making data-driven decisions at ClearBank.

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How do you evaluate potential suppliers?

Evaluating potential suppliers involves conducting a comprehensive assessment, including financial stability, past performance, and compliance with industry standards. I also engage in site visits and interviews to gain deeper insights into the suppliers' operations before making recommendations.

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How do you handle competing deadlines in procurement?

JSir handling competing deadlines requires strong prioritization skills. I assess the urgency and impact of each task, and communicate directly with stakeholders to set realistic timelines. By leveraging project management tools, I maintain visibility and accountability throughout the procurement process.

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What qualities do you believe are essential for a successful Procurement Manager?

A successful Procurement Manager should be detail-oriented, possess excellent negotiation skills, and have the ability to build relationships. Additionally, being adaptable, strategic in thinking, and grounded in data-driven decision-making enhances success in procurement roles at ClearBank.

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ClearBank is a purpose-built clearing and embedded banking platform. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their custo...

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Full-time, hybrid
DATE POSTED
March 18, 2025

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