Procurement Lead

The Procurement Lead is responsible for overseeing the procurement function, ensuring alignment with the organisation's strategic objectives and compliance with regulatory standards. This role involves managing procurement governance, driving effective supplier performance oversight, and leading policy development and implementation. Working with their direct reports, peers and stakeholders the Procurement Lead will facilitate high-level procurement discussions, oversee supplier risk management, and ensure effective contract and audit review processes.

This is achieved through:
Leading the governance of procurement activities, developing ethical practices that ensure accountability and transparency. Leading the team acting as the primary point of contact for procurement-related queries and guidance across the business, working with relationship and policy owners across the group.
Ensuring an effective control environment through developing and maintaining effective supplier oversight. Ensuring and assuring supplier performance against contractual obligations and managing risk in line with IFGL's risk tolerance and appetite. Oversee audit, regulatory, and compliance issues related to supplier management.
Develop, implement, and continually improve procurement policies, ensuring they meet operational needs and reflect current best practices in risk management and supplier oversight.
Lead the planning and execution of Procurement Oversight Committee, ensuring thorough preparation of agenda items, review of matters arising, and timely escalation of critical procurement issues to senior stakeholders.

Functional or Technical Knowledge and Skills Required:
Thorough knowledge of Procurement and Supply Chain Management practices in a hands-on setting: a thorough understanding of how to apply industry standards.
Thought leadership: experience in developing and implementing procurement strategies, policies, and governance frameworks; understanding of regulatory and compliance requirements in procurement and how to policies in a business with multiple stakeholders.
Prior experience working in a procurement lead or supply chain manager capacity previously - preferably within a regulated, Financial Services or offshore insurance, wealth or pensions industry setting.
Demonstrated success in contract negotiations with suppliers, running of tender / RFO activities within complex, multi-brand environments; the ability to use procurement data to drive forward decisions and enable successful outcomes.
Experience working with outsourced technical ecosystems desirable; a thorough understanding of third party risk management.
Office 365 Collaboration and Procurement Industry management tooling experience essential.
Previous experience working within or an understanding of FinOps disciplines and practices desirable.
The ability to work collaboratively with stakeholders at multiple levels of seniority, across multiple different suppliers and geographies.
A proactive individual, self-motivated, and able to use own initiative with previous proven ability
Excellent spoken and written communication skills, with the ability to express technical concepts in Business English to non-technical audiences.
Previous line management experience would be beneficial.
he ability to work under pressure with a consistent, proven, disciplined and consistent analytic approach and maintaining focus and accuracy is a necessity for this role

If you, or you know someone who is interested in applying for this position, please forward a current CV with a covering letter to careers@ifg-ltd.com