Company: Bank of England
Location: Leeds, United Kingdom
Employment Type: Part-time and Contractor
Description:
Department Overview
The Procurement department is responsible for ensuring value-for-money for the Bank, compliance with the procurement policies and regulations, and managing third-party risk.
Description
The Bank exists to ensure monetary stability and to contribute to financial stability; the Central Operations Directorate provides the infrastructure and services required to support the Bank’s critical functions.
The Location Strategy Project sits within the Central Operations Directorate. There are several strands to this significant multi-year project, which will impact and transform how we work.
The project has a remit to:
• Increase the Bank’s presence across the UK to fully represent the people of the United Kingdom, as part of our continued strategy to reach out to wider pools of diverse talent nationwide. We have committed to having an office of at least 500 staff in Leeds by 2027.
• Plan the future use of our office and workspace, including planning for our future… central London footprint.
Job Description
This 23 month FTC role is responsible for leading procurement and sourcing activities in compliance with the Public Contracts Regulation 2015, the Procurement Act 2023 and Bank policy. The role will be embedded in the Property Location Strategy team within the Bank to act as the project’s Commercial Lead, responsible for all aspects of the procurement activity from strategy development, through the delivery of the procurement to award, contract signature and into mobilisation and contract/vendor management.
You will be the commercial lead for the project and adopt a matrix style of working, reporting into the Senior Commercial Business Partner but on a day to day basis, embedded into Property Location Strategy Team and working closely with the Bank real estate team and supporting 3rd party consultants.
You will be responsible for:
• Engaging with strategic stakeholders to understand business requirements and the need for change
• Developing procurement strategies for strategic programmes and complex procurements in compliance with the Public Contract Regulations 2015, the Procurement Act 2023and in accordance with Bank Commercial Policies and Supplier Management Standards
• Running complex sourcing exercises, using existing public-sector frameworks/DPS, using your experience to ascertain what strategies would be appropriate for the Bank’s requirements. This may involve running a single strategic procurement or multiple sourcing exercises to deliver the strategic outcomes of the programme
• Navigating key sourcing decisions through the Bank’s internal governance forums and executive boards
• Supporting the business area develop Contract Management Plans and Supplier Strategies in accordance with Bank policies and industry best practice to ensure the successful delivery of the programmes’ strategic aims post-procurement
• Where appropriate, acting as the procurement SME in the programmes’ governance and senior leadership forums through the procurement initiative and delivery phases
• Developing and maintaining a pipeline of sourcing activity and future procurement with the embedded team for regular review
Knowledge, Skills and Experience Required
Minimum Requirements
• Significant experience of leading strategic sourcing activities in a public-sector organisation
• Experience of leading FTS-level procurements
• Experience and knowledgeable in the Construction market and NEC contracts
• Experience of working in a client-focused environment on whole project lifecycles
• Experience of supplier and/or contract management (post-contract award)
• Consistent track record of benefits delivery through the application of strategic sourcing techniques and use of relevant systems
Essential Requirements
• Excellent stakeholder management skills and assertiveness, with ability to challenge
• Strong communication skills, ability to build rapport and constructive relationships
• Demonstrable influencing skills
• Excellent written and oral communications skills, with the ability to present and communicate clearly and succinctly at all levels
• Self-motivation, with the ability to work both on your own initiative and as part of a team
Desirable Requirements
• Advantageous to be MCIPS qualified, and have experience of programme management in the context of public-sector procurement
Our Approach to Inclusion
The Bank values diversity, equity and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.
At the Bank of England, we want all colleagues to feel valued and respected, so we’re working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.
We welcome applications from individuals who work flexibly, including job shares and part time working patterns. We’ve also partnered with external organisations to support us in making adjustments for candidates and employees in the recruitment process where they’re needed.
For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month. Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.
Finally, we’re proud to be a member of the Disability Confident Scheme. If you wish to apply under this scheme, you should check the box in the ‘Candidate Personal Information’ under the ‘Disability Confident Scheme’ section of the application.
Salary and Benefits Information
We encourage flexible working, part time working and job share arrangements. Part time salary and benefits will be on a pro-rated basis as appropriate.
This role offers a salary of circa £65,755 – £74,000. In addition, we also offer a comprehensive benefits package as detailed below:
• A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year. The Bank has the discretion to vary standard accrual rates and dial up and dial down rates at any time and to withdraw dial up and dial down options at any time.
• A discretionary performance award based on a current award pool.
• A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
• 26 days’ annual leave with option to buy up to 12 additional days through flexible benefits.
• Private medical insurance and income protection.
National Security Vetting Process
Employment in this role will be subject to the National Security Vetting clearance process (and typically can take between 6 to 12 weeks post offer) and the passing of additional Bank security checks in accordance with the Bank policy. Further information regarding the vetting and security clearance requirements for the role will be provided to the successful applicant, and information about how the Bank processes personal data for these purposes, is set out in the Bank’s Privacy Notice.
The Application Process
Important: Please ensure that you complete the ‘work history’ section and answer ALL the application questions fully. All candidate applications are anonymised to ensure that our hiring managers will not be able to see your personal information, including your CV, when reviewing your application details at the screening stage. It’s therefore really important that you fill out the work history and application form questions, as your answers will form a critical part of the initial selection process.
The assessment process will comprise of two interview stages.
This role closes on 25 August 2024.
Please apply online, ensuring that you complete your work history and answer ALL the application questions fully and in detail as your application will not be considered if all mandatory questions are not fully completed.
Desired Skills and Experience
leading strategic sourcing activities in a public-sector organisation
leading FTS-level procurements
Experience and knowledgeable in the Construction market and NEC contracts
Experience of working in a client-focused environment on whole project lifecycles
Experience of supplier and/or contract management (post-contract award)
Consistent track record of benefits delivery through the application of strategic sourcing techniques and use of relevant systems
Source: LinkedIn
——————————————————————————
Tadawul Academy (www.tadawul.academy) is the highest rated CISI training academy in the world. Over 7000 students are enrolled on our eLearning platform. Our portfolio of qualifications includes: CISI ICWIM (Int. Certificate in Wealth and Investment Management), CISI UAE Financial Rules and Regulations, CISI Risk in Financial Services, CISI IISI (Int. Introduction to Securities and Investment), CISI Corporate Finance Technical Foundations, CISI Combating Financial Crime, CISI Global Financial Compliance, etc.