• Job Description

  Req#: 22615
  !*!

  Join us in Central Procurement as we go through an exciting period of growth and drive commercial improvements across the Bank!

  Central Procurement, a directorate within our Central Operations Directorate, which focuses on sourcing solutions of strategic importance to the Bank, including operational delivery, technology, property and security.

  Central Operations provides the infrastructure required to support the Bank’s critical functions and ensure the Bank delivers its purpose of maintaining monetary stability for the United Kingdom.

  Department Overview

  The Procurement department is responsible for ensuring value-for-money for the Bank and compliance with procurement regulation and managing third-party risk.

  Job description

  We have a position available to join our Corporate procurement team, which delivers professional services, legal services, recruitment, regulatory compliance, learning & development, research and insurance amongst its category areas. 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 in the Corporate
  • 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).

  #LI-RA2

  !*!

  Our Approach to Inclusion

  The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

  At the Bank of England we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.

  We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We've also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they're needed.

  For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.

  Finally, we're proud to be a member of the Disability Confident scheme. You can find more information on what this means here. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.

  Salary and Benefits Information

  This specific role offers a base salary of circa £45,900 - £56,160 per annum (depending on skills and experience) on a full-time basis.

  In addition, we also offer a comprehensive benefits package as detailed below:

  • 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. (Note that from April 2023 and for the Benefits year 2023/24, this will increase to 8%)
  • 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
  • Private medical insurance and income protection.

  National Security Vetting Process

  Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice at Privacy and the Bank of England | Bank of England.

  The Application Process

  Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.

  
  The closing date for applications is 29th November 2023.

  The assessment process will comprise of two stages. In exceptional cases, and if required, there may be a further round of interviews.

  Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.

• About the company

  The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.

Notice