Procurement and Supplier Oversight Manager

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients. Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham and Bristol. The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients' needs.
Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £29 billion in funds under management and circa 700 staff.

Business Unit:

The Procurement and Supplier Oversight team are responsible for sourcing, onboarding and managing key Supplier relationships. This is a relatively new function for the business and we are still in a growth and development phase. The team is involved in overseeing and supporting each stage of the procurement process including Due Diligence, TPRM as well as some Supplier Management .

Brief Role Objective:

• We are looking for an experienced Procurement/Supplier manager to join the team and help support in building a function which brings efficiency, cost savings and essential governance to our business.
• The role holder would need to demonstrate experience of procuring suppliers and negotiating commercials successfully as well as experience of managing the relationships with suppliers on an ongoing basis.
• Effective stakeholder management is a must for this team so strong communication and prioritisation skills are essential.
• Issue management is also a key skillset within the team and the role holder needs to be confident and effective in dealing with a variety of issues which can arise from working with suppliers, ensuring communication and clear expectations are set throughout and issues are effectively closed down.
• The right candidate will be comfortable in picking things up they don't always understand and working out how to problem solve it effectively anyway.

Key Responsibilities:

• Manage supplier related issues
• Support in the oversight monitoring of the wider business (where suppliers are not managed centrally)
• Administer contracts on Agiloft and risk assessments.
• Support in identifying opportunities for cost savings across the business.
• Help embed a TPRM framework into the business.

Key Regulatory Responsibilities:

Our clients are at the forefront of everything we do, and we commit to ensuring we achieve good outcomes for them through embracing the New Consumer Duty. This is prevalent for all staff and in doing so, we expect staff to:

• Comply with the letter, spirit and expectations of applicable legal and regulatory requirements at all times.
• Adhere to LGT Wealth Management's best practice with regard to conduct, culture and other general business compliance control procedures
• Adhere to the FCA Conduct Rules in addition to any Senior Manager and Certification Regime responsibilities.

Key Skills and Technical Requirements:

• Experience as a procurement/supplier manager in a regulated environment.
• Highly effective in issue management.
• Proven track record of successful commercial negotiations.
• Analytical and problem-solving abilities, with attention to detail.
• Risk focused approach to working with suppliers.
• Ability to effectively prioritise tasks and manage expectations.
• Sound regulatory knowledge.

Transparency is important to us. That is why you will find everything that matters to us on our website - plus everything you should know about us before you meet us in person, open an account or apply for a job. That includes, for example, the history of the Princely Family, which is closely intertwined with our own.