Procurement Lead
Shape the future of Procurement and Supplier Management at Cynergy Bank
Join us as a Procurement Lead and play a pivotal role in strengthening how we manage suppliers, drive commercial value, and deliver robust governance across the Bank. You will ensure our third-party estate operates with transparency, control, and efficiency, aligned to regulatory requirements and the Bank’s risk appetite.
You will lead procurement and supplier management across the Bank, ensuring suppliers deliver value for money, operate within a strong control environment, and support our award-winning human digital banking model.
This is a permanent leadership role within our Procurement function, reporting to the Director of Performance and Enablement. You will have end-to-end accountability for procurement and supplier management, including sourcing, commercial negotiations, governance frameworks, and third-party risk.
Operating with a high degree of autonomy, you will shape procurement strategy, drive commercial outcomes, and ensure supplier management is aligned to the Bank’s performance, governance, and control frameworks. You will work closely with stakeholders across Risk, Compliance, Legal, Finance, and Technology, acting as a trusted advisor across the supplier lifecycle.
Hybrid working, with three days per week in our London office (ONC) and two days from home.
Impact: Shape and lead the Bank’s procurement and supplier management capability, supporting regulatory compliance, operational resilience, and commercial performance.
Leadership: Influence stakeholders, shape strategy, and build a high-performing procurement function.
Growth: A collaborative, high-trust environment focused on expertise and continuous improvement.
Flexibility & Rewards: Competitive salary, bonus opportunity, hybrid working, and a comprehensive benefits package.
How you will make an impact
Lead procurement and supplier management across the Bank, ensuring a controlled, transparent, and effective approach across the supplier estate
Shape and deliver procurement strategy, driving commercial value through sourcing, negotiation, and supplier optimisation
Establish and oversee governance frameworks covering performance, risk, contract, and relationship management, aligned to regulatory and TPRM requirements (including Tier 1 and 2 suppliers)
Ensure procurement is engaged early to influence demand, sourcing approach, and commercial outcomes
Oversee the end-to-end supplier lifecycle, including onboarding, due diligence, performance management, renewals, and exit planning
Maintain strong control and auditability across supplier arrangements, including effective use of systems such as Gatekeeper
Deliver high-quality management information, including supplier scorecards, risk dashboards, and governance reporting for stakeholders and Committees
Identify, assess, and resolve supplier risks, disputes, and control gaps, driving continuous improvement
Align procurement and supplier performance to broader performance, governance, and reporting frameworks across the Bank
Lead and develop a high-performing team, acting as a trusted advisor and representing Procurement in governance forums and supplier engagements
Strong experience in Procurement and/or Supplier Management within a regulated financial services environment
Proven track record managing end-to-end procurement and supplier lifecycle activities, including sourcing, negotiation, performance, and risk
Knowledge of PRA and FCA requirements, including outsourcing, operational resilience, and third-party risk (PRA SS2/21)
Demonstrable ability to deliver commercial value and cost optimisation
Strong analytical capability, including experience producing clear, insight-led management information and governance reporting
Ability to influence, challenge, and advise stakeholders effectively
Excellent communication skills
Experience with contract lifecycle and TPRM systems (e.g. Gatekeeper)
Competitive salary and bonus opportunity
28 days holiday, with the option to buy more
Award-winning pension scheme
Private healthcare, life assurance, and income protection
Hybrid working
Learning and development opportunities
A range of wellbeing and lifestyle benefits
View benefits and rewards
Cynergy Bank is the UK’s human digital bank, combining personal service with smart technology to support ambitious individuals and businesses. Since 2018, we have lent over £4bn to scaling businesses and were named Bank of the Year 2025 by MoneyAge.
Our values guide everything we do: putting customers first, keeping risk front and centre, enabling innovation, working as one inclusive team, and doing the right thing.
This advert outlines the main responsibilities and requirements of the role. A full job description will be shared with shortlisted candidates. If you do not meet every requirement, we still encourage you to apply — we value potential as much as experience.
At Cynergy Bank, we use anonymous screening at the first stage of recruitment to ensure every application is reviewed fairly.
Apply now to help shape the future of human digital banking at Cynergy Bank.
