Description

Join us in Central Procurement as we go through an exciting period of growth!

Central Procurement are part of Shared Services, which focuses on operational delivery, and includes colleagues from Human Resource, Finance, Technology, Property, Procurement and Security.

The Bank exists to ensure monetary stability and to contribute to financial stability; the Shared Services Directorate provides the infrastructure and services required to support the Bank’s critical functions.

Department Overview
The Procurement department is responsible for ensuring value-for-money for the Bank and compliance with the procurement policies and regulations, and managing third-party risk.

The sourcing side of the team is broadly organised into three business partnering teams, covering Technology, Facilities Management and Notes, and Corporate.

Job description
This role will be part of the Facilities Management and Notes commercial business partnering team (which includes soft and hard FM and all banknote-related categories of spend), whose main role is to deliver value-for-money via strategic sourcing.

The role is divided into two related parts: 

Category management and tendering (c.80%)

You will be responsible for:

• Supporting the Commercial Business Partner in the creation of long-term category strategies
• Working with the business areas to agree priorities and support the Commercial Business Partner in building the multi-year procurement pipeline of work to ensure the team can deliver effectively
• Supporting the Commercial Business Partner deliver the pipeline of work by managing the end-to-end sourcing of all allocated projects, including facilitating (where necessary) workshops with the business areas to agree sourcing plans and requirements building
• Following the agreed governance process throughout the sourcing processes, liaising where needed with Legal to discuss commercial law matters, and working with Finance to record all benefits for your projects
• Supporting the Commercial Business Partner embed effective risk management by implementing risk controls to drive compliance to policy
• Making efficient and consistent use of eProcurement systems, in line with the defined workflows (aligned to internal policy)
• Supporting the Commercial Business Partner with the development of commercial competencies in your business area, through regular engagement and formal training.
• Driving sustainability in the category, by notably working closely with Subject Matter Specialists

Supplier management (c.20%)

You will be responsible for:

• Supporting effective contract management in your area by engaging with, and advising, your business area colleagues regarding post-contract activities
• Ensuring information flows (e.g. supplier intelligence) and communication channels between Procurement and the business are maintained
• Working with the Supplier Management team to ensure supplier and contract management best practice is implemented in line with the Bank’s framework

Knowledge, Skills and Experience required
Technical capabilities:

• Proven track record of managing a complex pipeline of work, delivering innovative commercial solutions through the application of strategic sourcing techniques and use of relevant systems and contracts in the category
• Experience of PCR-level public procurement, including using public-sector frameworks
• Experience of working in a client-focused environment on whole project life cycles
• MCIPS qualification (or working towards)

Behavioural capabilities:

• Strong stakeholder management skills and assertiveness, with ability to challenge
• Strong communication skills, ability to build rapport and constructive relationships
• Demonstrable excellent organisational, planning and time management skills
• Demonstrable ability to work on multiple projects simultaneously
• Self-motivation, with the ability to work both on your own initiative and as part of a team

It would be advantageous to also have experience of supplier and/or contract management (post-contract award).

The Bank values diversity and inclusion – we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.  We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.  One way we support diversity and inclusion is through our staff-run networks, which are summarised.

We are fully committed to having a diverse and inclusive working environment, and are open to considering how the role might be carried out with flexible working.  This role is therefore open to flexible working patterns. 

Where a role can be carried out from home, we are working towards colleagues spending at least half of their time in the office, so that we can all benefit from working together in person, while maintaining the flexibility offered by home working. From 6 June 2022, we expect colleagues to spend a minimum of 40% of their working time in the office per month.  Subject to that minimum requirement, individuals and managers should work together to find what works best for them and their team.

We are also committed to making adjustments for candidates and employees where possible, and have partnered with external expert organisations to support us in this.  We are a member of the Disability Confident scheme, summarised, and people who wish to apply under this scheme should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

We anonymise applications so hiring managers will not be able to see your personal information when reviewing your submission, including your CV. Please fully complete the application form questions as requested, as any incomplete submissions may not be reviewed.

The Bank of England is a distinctive institution and our rewards are one of the things that set us apart. As well as enjoying a competitive salary you will work in a collaborative, inclusive environment, with a subsidised restaurant, flexible working opportunities and plenty of wellbeing initiatives.  

This specific role offers a base salary of £45,900 - £56,970 per annum, along with our comprehensive benefits package as follows:

•    A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
•    A discretionary performance award based on a current award pool.
•    A 7% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
•    25 days annual leave with option to buy up to 13 additional days through flexible benefits.
•    Private medical insurance and income protection.