Buckden Partners
Sourcing & Vendor Management Specialist - Financial Services
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Overview
My client is an established mortgage lending and servicing company.
The Sourcing and Vendor Management Specialist is responsible for the delivery of the end-to-end vendor lifecycle management, from sourcing and negotiating contracts, managing vendor relationships and performance, and facilitating the exit of vendors when services are no longer required.
Responsibilities
Strategic Sourcing
- Partner with key business stakeholders to ensure sourced goods and services meet the needs of the business.
- Identify potential vendors, conduct market research, and lead the RFx (RFP/RFI/RFQ) process to select vendors.
Negotiation & Contracting
- Negotiate commercial terms, pricing, and Service Level Agreements (SLAs) for new vendor relationships, drafting contracts that minimize risk.
- Negotiate and manage contractual variations for existing and renewed vendor contracts, ensuring the Company’s risks are minimized where possible.
Vendor Management
- Manage vendor performance, ensure regular performance reviews are undertaken by the internal Business Relationship Managers, and resolve disputes or remediate performance issues when escalated ensuring the required level of service is maintained.
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Stakeholder Management
- Collaborate with internal departments to define sourcing needs and align with company goals.
- In coordination with the wider Sourcing team, ensure that sourcing and vendor management decisions and outcomes are appropriate, clearly documented, and outcomes are in accordance with policy, process, and procedures.
Risk & Compliance
- Ensure vendors adhere to legal, ethical, and sustainability standards as required by the Company.
- Undertake appropriate due diligence and ongoing oversight activities in accordance with the allocated vendor rating.
Project Management
- Ensure sourcing activities such as third-party risk management, due diligence, contract renewals, and competitive bids in coordination with the business relationship manager and the wider Sourcing team are effectively managed in accordance with agreed deliverables.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Essential Skills/Qualifications
- +3 years procurement/sourcing experience with a proven track record of delivery against targets, including delivery of complex competitive bid (tender) processes and contract negotiations and contract drafting.
- Relevant professional or degree qualification (i.e. CIPS level 4) or qualification by experience.
- Strong negotiation, analytical, and interpersonal skills.
- Proficiency in Excel, third-party risk management, and procurement systems (e.g. Oracle Fusion, Onetrust, Power BI).
- Knowledge of a variety of indirect category sourcing management.
Desirable Skills/Qualifications
- Working knowledge of financial services regulatory and legislative frameworks relevant to UK businesses.
- Project management skills in a cross-functional environment.
Salary
Up to £65k, depending on experience.
Location
Berkshire (hybrid working)
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location