Head of Procurement

Overview

As Head of Procurement, you will design and lead Moneybox’s third-party lifecycle, building a scalable operating model and governance. You will act as the front door for supplier needs, drive risk-based procurement, and elevate capabilities across teams. The role blends strategic design with hands-on execution, shaping policy, negotiations, and supplier relationships. You’ll contribute to company strategy through cross-functional collaboration and uphold Moneybox’s values in a fast-growing, regulated environment.

Pay / Benefits

• Company pension scheme
• Company bonus scheme
• Hybrid working environment – by the Oxo Tower
• Private Medical Insurance
• Health Cash Plan
• Annual Learning and Development budget

Responsibilities

• Own and implement the target operating model for third-party lifecycle with clear roles across business, risk, legal, and operations
• Develop a risk-based procurement policy and signing matrices, replacing value-only tiering
• Manage the procurement gateway, ensuring readiness and setting route, timeline, and priority for new needs
• Challenge requirements early, including build-or-buy decisions and supplier suitability
• Lead RFPs with business owners and triage engagements to avoid unnecessary specialist involvement
• Lead negotiations on material engagements with exit and contingency clauses
• Produce independent risk assessments and escalate proposals outside risk appetite
• Create a single view of the supplier estate, manage renewals, and raise relationships to new standards
• Oversee third-party risk as first line for second-line teams and align with risk appetite
• Collaborate with resilience teams to ensure supplier continuity and exit plans
• Raise procurement capability through playbooks, coaching, and designed tools, and guide systems/data/AI strategy

Key requirements

• Procurement leadership in regulated financial services
• Ability to design and embed an operating model for third-party activities
• Senior presence to engage with directors and heads of department
• Third-party risk literacy across legal, data protection, information security and AI risk
• Regulatory knowledge of UK outsourcing, resilience, and third-party risk
• Experience negotiating complex technology and service contracts
• Ability to scale capability and apply automation/AI in routine tasks

• results-first mindset
• cross-functional collaboration
• curious and continuous learner
• procurement systems and data governance
• risk-based procurement frameworks
• vendor management and supplier estate optimization

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