Wealthtime
Supplier and Procurement Manager
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About The Role
Quanta Group is seeking a Supplier & Procurement Manager to establish and manage a robust Supplier and procurement governance function across the Group.
This is a hands-on role responsible for the complete supplier lifecycle, including sourcing, onboarding, due diligence, governance, ongoing oversight, renewal and supplier retirement. The role will provide commercial oversight and coordination across Legal, Risk, Compliance, Technology, Finance and Operations to ensure supplier relationships are managed consistently and in line with Group policies and regulatory expectations.
The position will oversee supplier segmentation, risk classification and the identification of higher tier suppliers, ensuring proportionate and enhanced oversight arrangements are implemented where required.
Key Responsibilities
Procurement & Supplier Lifecycle Management
- Implement and operate the Group’s Third-Party Management Framework across the supplier lifecycle, including sourcing, onboarding, due diligence, governance, oversight, renewal, remediation and supplier exit.
- Coordinate supplier sourcing, selection, competitive procurement exercises, RFPs/RFIs and supplier evaluations.
- Support business stakeholders in identifying suitable suppliers and service providers.
- Coordinate contract reviews with Legal and business stakeholders during supplier selection, onboarding and renewal activities.
- Support supplier negotiations to achieve value for money, appropriate service levels and favourable contractual outcomes.
- Maintain the Group supplier inventory, due diligence evidence, audit trails, procurement documentation, management information and third-party risk records required for governance, audit and regulatory purposes.
- Oversee supplier segmentation, risk classification and identification of higher tier suppliers, ensuring proportionate monitoring and enhanced oversight arrangements are implemented where required.
- Produce governance reporting and management information for management committees, risk forums, senior management and other governance bodies, including supplier performance, risks, issues and remediation progress.
- Support compliance with FCA expectations relating to outsourcing, third-party risk management and operational resilience by ensuring supplier governance processes, records and oversight activities are applied consistently.
ESG & Supplier Compliance
- Coordinate collection and maintenance of supplier ESG information, supporting evidence and reporting.
- Support monitoring of supplier compliance with ESG, Modern Slavery, ethical sourcing and emerging regulatory requirements.
- Work with Compliance and senior stakeholders to respond to supplier-related ESG requests and assessments.
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Facilities & Business Services Procurement
- Manage procurement and commercial oversight of facilities-related suppliers and business service providers.
- Support office, workplace and property-related supplier engagements, including selection, value-for-money reviews and supplier consolidation opportunities.
- Coordinate supplier performance and commercial management for non-technology service providers.
About You
Essential
- Specialist Skills, Qualifications and Experience:
- Experience operating supplier governance, procurement, vendor management or third-party risk management processes within a regulated environment.
- Knowledge of FCA outsourcing, third-party risk management and operational resilience expectations, with the ability to apply these in a practical supplier governance environment.
- Experience coordinating supplier due diligence, onboarding, monitoring, periodic reviews, risk classification, issue tracking and governance reporting.
- Strong stakeholder management skills with the ability to influence across multiple business functions.
- Excellent organisational, communication, commercial and project coordination skills.
- Ability to manage multiple priorities and work independently.
- Experience of implementing and usage of an enterprise TPRM solution.
Desirable
- Experience within Financial Services or another regulated environment.
- Experience implementing supplier governance frameworks or using procurement, supplier management or GRC platforms.
- Understanding of ESG, Operational Resilience and third-party risk management requirements.
Success Measures
- Successful implementation and operation of the Group’s Third-Party Management Framework across relevant supplier engagements.
- Consistent application of supplier governance controls, due diligence, risk classification and monitoring activities across the Group.
- Supplier inventory, management information and third-party risk records are accurate, complete and available for governance, audit and regulatory purposes.
- Supplier-related risks, issues and remediation actions are identified, reported and managed in a timely and effective manner.
Core Competencies
- Business Focus: The motivation and ability to apply good financial practice and company procedures at all times.
- Operational Excellence: Continually delivering and improving excellence for all clients and customers.
- Client and Customer Focus: Add value to client/customer, adhere to Treating Customers Fairly principles, and operate as a true business partner.
- Communication: Communicate clearly and concisely, tailoring content and style, with ability to make a positive impression on others.
- Expert Knowledge: Consistent application of professional or specialist knowledge and skills; takes opportunities to contribute to policy and best practice.
- Working with others: Working successfully with others and building a network of good relationships in order to achieve shared goals.
- Performance Focus: Demonstrate energy and enthusiasm, takes ownership, delivers results and improves personal performance.
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Rewards & Benefits
- Competitive Compensation: We offer a competitive salary that reflects your skills and contributions.
- Hybrid Working: Enjoy the flexibility of a hybrid work model, balancing the comforts of home with the camaraderie of the office.
- Yearly Discretionary Bonus: Look forward to a yearly discretionary bonus as a token of appreciation for your dedication.
- Generous Holiday Package: You'll receive 34 days of holiday per calendar year, including bank holidays. Plus, we offer the option to purchase or sell up to 5 additional days per year, tailoring your time off to suit your needs.
- Wellbeing at Heart: We understand the importance of your well-being, which is why we offer a Wellbeing day, allowing you to take a break when you need it most, whether it's for your birthday, moving house, or simply pampering yourself.
- Professional Growth: We're committed to your professional development and will support and encourage your career advancement.
- Comprehensive Health: You and your family's health is a priority for us. We provide a Private Medical scheme that can be extended to full family coverage, an Income protection scheme, and a Life assurance scheme.
- Financial Security: Prepare for your future with our Group contributory pension scheme.
- Travel with Ease: We offer interest-free season ticket loans to help with travel costs.
- Giving Back: You can participate in our Wealthtime Foundation Day to support charitable activities.
- Opportunities for Growth: We actively promote internal progression, so your journey with us can take you from agent to team leader and beyond.
- Recognition Matters: Our excellent in the moment recognition scheme ensures your hard work is acknowledged and celebrated.
Wealthtime is an equal opportunities employer that places high value on a diverse and inclusive workplace. We recognise that people work in different ways, appreciate alternative viewpoints, celebrate individuality, and cultivate a culture where everyone can be their authentic selves at work. We are deeply committed to fostering a diverse workforce and welcome applications from individuals of all backgrounds, beliefs, cultures, gender identities, ethnicities, sexual orientations, abilities, and long-term health conditions.
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