Senior IT Procurement & Vendor Management Specialist
Shift Pattern: Standard 40 Hour Week (United Kingdom)
Scheduled Weekly Hours: 40
Corporate Grade: D - Assistant Vice President
Reporting Line: (UK Division) LME Information Technology
Location: UK-London
Worker Type: Permanent
Overall Purpose of Role:
The LME’s CTO Office is designed to ensure a consistent, transparent and efficient approach to the way the IT organisation operates and delivers value to the business. The team is independent of the larger IT functions and maintains an impartial, cross-enterprise perspective working closely with and supporting the CTO.
The role is focused on supporting Information Security and is accountable for ensuring that the IT supply chain is managed effectively and efficiently by balancing the overall cost, quality and risk from IT spending. The person in this position is required to work closely with other managers, mainly the LME IT, Finance and Legal teams.
Responsibilities:
- Sourcing and procurement of products and services:
- Work within the policies and plans set out by the Head of CTO Office, contributing as necessary to their development, and working within LME and Group policies.
- Carry out third-party IT spending activities, aligning outcomes to LME’s desired objectives for service, cost and value.
- Manage the key IT categories - hardware, software, professional services and cross-category spending across the respective IT Towers.
- Work with subject matter experts throughout the relevant IT Towers to procure the best fit for the organisation.
- Facilitate the driving of IT procurement projects, IT outsourcing initiatives, and IT cost-reduction initiatives.
- Perform supplier due diligence and supplier risk management for all procurements.
- Work with the Head of CTO Office to develop the capability of the procurement team.
- Vendor Management:
- Relationship Management – coordinating the right internal business stakeholder with external vendors.
- Performance Management – monitoring of the services provided by the supplier according to the contractual service levels.
- Escalations - owning escalations from operations through to resolution.
- Contract Management – reviewing clauses for terminations and costs.
- Risk Management – manage and coordinate any risks identified internally or by the supplier.
- Vendor Onboarding & Exit – management of setup and exiting of suppliers.
- Service Management:
- Ensuring the Inter Group Service Agreement (IGSA) is reviewed annually.
- Organise and facilitate meetings with vendors for service reviews.
- Act as a point of escalation for any non-operational issues.
- Monitor and report on vendor performance.
- Complete Management information reporting for the department as required.
Academic and Professional Qualifications Required:
- A degree, ideally in business, engineering or IT.
- Certification by purchasing and supply chain professional bodies such as CIPS.
- Information Technology Infrastructure Library (ITIL) experience is desired, but not required.
Required Knowledge and Level of Experience:
- Ten or more years in IT procurement, with experience as an IT procurement or category manager.
- Experience in running competitive tenders and contract negotiations.
- Legal experience, with a background in technology contracts.
- Experience of driving and delivering significant value from procurement programmes.
Skills set and Core Competencies Required for Role:
- Good understanding of complex trading software licence & managed service agreements.
- Strong negotiation skills for large and complex IT procurement deals.
- In-depth understanding of the IT products and services market and its trends.
- Understanding of financial management, contracts and legal issues.
- Strong project and process management skills.
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer.
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