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Senior Procurement Associate

Our Story

 

Hello there. We’re Zopa.

 

We started our journey back in 2005, building the first ever peer-to-peer lending company. Fast forward to 2020 and we launched Zopa Bank. A bank that listens to what our customers don’t like about finance and does the opposite. We’re redefining what it feels like to work in finance. Our vision for a new era of banking puts people front and centre — we’ve built a business that empowers everyone to aim high, every day, to move finance forward. Find out more about our fantastic offerings at Zopa.com


We’re incredibly proud of our achievements and none of it would be possible without the amazing team here. It’s not just industry awards we’re winning, we’ve also been named in the top three UK’s Most Loved Workplaces. 


If you embrace unconventional challenges, are unafraid to think differently and are driven to make an outsized impact, you’ll thrive here at Zopa, so join us, and make it count. Want to see us in action? Follow us on Instagram @zopalife


We’re looking for a Senior Procurement Associate to join our growing and dynamic team here at Zopa.  You'll get involved with numerous aspects of Procurement, including managing tenders, building relationships with third parties, and engaging with internal stakeholders.  We have a procurement tool we use to manage the supplier contracts and due diligence, which is a core part of what you’ll be getting involved with.   

 

Ideally, we’re looking for someone who has Procurement experience working in a regulated industry, but this is not essential.  What we’re really looking for is someone with a growth mindset, who thrives from working in a fast-paced environment, and is willing to learn and grow as the team develops.   

 

As a central function we work across all the business areas, liaising with stakeholders to understand their needs and best support their Procurement requirements.  We have a number of projects running in parallel, and we need someone who can hold the business and suppliers to account to ensure timely delivery of objectives. 

 

Ultimately, we want to welcome someone to the team who has a great base in Procurement practices, is hard working and has the drive and curiosity to learn about the intricacies of Zopa as a fast-paced FinTech scale-up. 


A day in the life:
  • Running smaller tenders, and supporting the wider team for larger critical tenders 
  • Liaising with internal stakeholders and suppliers to drive improvements 
  • Helping with strategic implementation projects within the business to realise efficiencies 
  • Supporting senior internal stakeholders in the execution of supplier management policies and procedures 
  • Engaging with internal stakeholders and external suppliers in the identification and execution of cost efficiency improvements 
  • Creating regular MI for the key business stakeholders  


About you:
  • You have a growth mindset, and a drive to be curious, ask questions and learn 
  • You have great communication skills to be able to liaise with business stakeholders, holding them to account and working collaboratively to achieve strategic objectives. 
  • You have strong problem-solving and analytical skills, and a willingness to learn. We move fast... you’ll be nimble, with the ability to prioritise, and meet deadlines whilst working accurately with attention to detail. 
  • It would be useful to have worked in Financial Services, as you’ll have knowledge and familiarity with the PRA Outsourcing & TPRM requirements, EBA Outsourcing Guidelines and/ or FCA SYSC8.  However, this is not essential providing you are willing to quickly pick up these frameworks and understand their importance 


Bonus points for:
  • Running procurement tenders 
  • SRM experience 
  • Project management experience 
  • Process implementation 
  • Proficient in Microsoft PPT and Excel 


#LI-LK1


We're on the move! 

Towards the end of 2025 Zopa will be relocating to a brand-new headquarters at 20 Water Street in Canary Wharf. The 44,000 square foot workspace will foster collaboration and inspire creativity for our 900 employees amidst our 2025 growth blitz.



At Zopa we value flexible ways of working.

We value face-to-face collaboration and a good work-life balance. This hybrid role requires you to come to our London office 2-3 days a week.

 

You'll also have the option of working from abroad for up to 120 days a year!* But no matter where you are, we’ll make sure you’ve got everything you need to thrive, both in your work and home life, from day one.


*Subject to having the right to work in the country of choice


Diversity Statement

Zopa is proud to offer a workplace free from discrimination. Diversity of experience, perspectives, and backgrounds leads to better products for our customers and a unique company culture for our people. We are made up of nearly 50 nationalities, have a DE&I forum made up of Zopians wanting to make a difference and we are proud of our culture where everyone can bring their full self to work. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments. 

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What You Should Know About Senior Procurement Associate, Zopa

At Zopa, we’re on the lookout for a Senior Procurement Associate to join our vibrant team in London. Since we launched the first peer-to-peer lending platform back in 2005 and then Zopa Bank in 2020, our focus has been on transforming customer experience in finance. As a Senior Procurement Associate, you’ll dive deep into various aspects of procurement like managing tenders, forging strong relationships with external suppliers, and collaborating with internal stakeholders to understand their needs. Your prowess in procurement tools will be crucial as you handle supplier contracts and due diligence. Ideally, you’ll come with experience from a regulated industry, although we’re more interested in your growth mindset and adaptability. In our fast-paced environment, where multiple projects run concurrently, we need someone who’s not only proactive but also keeps stakeholders accountable to ensure efficient delivery. You’ll be delving into the nitty-gritty of procurement practices and will need to communicate effectively across various business areas. You’ll help strategize improvements and efficiencies while also creating insightful reports for key stakeholders. If you have a curiosity to learn and a willingness to roll up your sleeves, you’ll fit right in at Zopa. Join us, and be part of a company that has not only won industry accolades but also secured its spot in the UK’s Most Loved Workplaces. Let’s redefine finance together!

Frequently Asked Questions (FAQs) for Senior Procurement Associate Role at Zopa
What responsibilities does a Senior Procurement Associate have at Zopa?

As a Senior Procurement Associate at Zopa, you'll manage tenders, engage with internal stakeholders, and maintain supplier relationships. Your core responsibilities will include overseeing supplier contracts, supporting strategic projects aimed at improving efficiencies, and driving timely delivery of objectives by holding both the business and suppliers accountable.

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What qualifications are required for the Senior Procurement Associate position at Zopa?

While previous experience in a regulated industry is ideal, it is not essential for the Senior Procurement Associate role at Zopa. What matters most is having a growth mindset, strong communication skills, and a willingness to learn about procurement practices in a fast-paced fintech environment.

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How does Zopa support professional growth for a Senior Procurement Associate?

At Zopa, we promote a growth mindset, providing opportunities for collaboration and continuous learning for the Senior Procurement Associate role. You'll be exposed to various aspects of procurement while working on diverse projects that allow you to enhance your skills and knowledge in both procurement and financial services.

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What is the team structure like for a Senior Procurement Associate at Zopa?

The Senior Procurement Associate at Zopa will be part of a dynamic team that collaborates across various business areas. You'll work closely with stakeholders, assist in project implementations, and play a pivotal role in managing supplier relationships and procurement processes to achieve strategic organizational goals.

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What are the work-life balance options for a Senior Procurement Associate at Zopa?

Zopa values work-life balance and offers a hybrid role for the Senior Procurement Associate position, requiring just 2-3 days in the London office each week. Additionally, you'll have the flexibility to work from abroad for up to 120 days a year, ensuring that you can thrive both professionally and personally.

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Common Interview Questions for Senior Procurement Associate
Can you describe your experience managing procurement tenders?

To effectively answer this question, share specific examples of procurement tenders you've managed. Highlight your approach to tendering processes, any tools you utilized, and how you ensured that all stakeholders were engaged throughout each stage.

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What do you consider when building relationships with suppliers?

Discuss the significance of transparency, communication, and trust in supplier relationships. Illustrate your philosophy with examples of how you've built and maintained strong partnerships that led to successful project outcomes.

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How do you prioritize projects in a fast-paced environment?

Explain your prioritization strategy, possibly highlighting tools like task management software or methodologies such as Agile. Reflect on a time when you effectively prioritized multiple projects to deliver on objectives without compromising quality.

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Can you provide an example of a time when you helped improve procurement efficiency?

Share a specific project where your contributions led to measurable improvements in procurement efficiency. Include details about your analysis, implementation, and any results that positively impacted the team or organization.

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How do you handle difficult conversations with stakeholders about procurement issues?

Demonstrate your communication and negotiation skills by outlining a framework for difficult conversations. Use real-life examples to showcase how you've navigated these situations effectively while maintaining positive relationships.

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What role does data analysis play in your procurement strategy?

Highlight the importance of data analysis in making informed decisions related to procurement. Mention any tools or software you use and provide examples of how data insights have led to improved procurement policies.

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How familiar are you with regulatory frameworks in procurement?

Discuss your understanding of regulatory frameworks such as PRA Outsourcing and FCA SYSC8, weaving in a willingness to learn and adapt if you’re not fully acquainted with them. Mention any relevant training or courses you’ve taken.

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What experience do you have with supplier performance management?

Elaborate on your experience regarding supplier management practices, providing examples of how you've measured performance, held suppliers accountable, and what metrics you used to assess success.

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Can you discuss a project where you led cross-departmental collaboration?

Detail an example where you facilitated collaboration between departments for a procurement project. Focus on your communication skills, coordination efforts, and the positive outcomes achieved through teamwork.

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What are your long-term career aspirations in procurement?

Reflect on your career goals and how they align with the role of Senior Procurement Associate at Zopa. Mention your eagerness to grow within the procurement field and your aspirations to impact the organization positively.

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Full-time, hybrid
DATE POSTED
April 17, 2025

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