Job Description

Location: Leeds or London

Location Strategy Project (within the Central Operations Directorate)

The Bank has sought to increase its presence across the UK to fully represent the people of the United Kingdom and to reach out to wider pools of talent. The vision for the Location Strategy Project is to help the Bank better deliver its mission and increase the trust and understanding across the whole of the UK. The project will also ensure our property solutions are sustainable for the future and support collaborative working.

We aim to do this in the following ways.

• By growing the Leeds office to 500 people by 2027, through external recruitment and relocation from London; and establishing a permanent office
• Looking at how we use our office space in London and ensuring that the office that is fit for the future and provides a place for all colleagues to be better supported.

The project will deliver a wide range of benefits to the Bank, colleagues and also to the wider community. These include - strengthening the role with the communities we serve through enabling visitor and access and engagement; building the trust and understanding of the work of the Bank outside London; improving retention of staff and opening up opportunities outside London to a wider group of people and reducing future risks to our buildings as well as maintaining the heritage in Threadneedle Street.

Job Description

This is an exciting new opportunity within the Location Strategy Project, supporting the delivery of the procurement and supplier management for the work within Threadneedle Street.

The role will be based in London project team and will focus on ensuring the successful execution procurement and supplier management for the lifecycle of the project. The role will have a dual reporting line into the LSP London team but also into the Bank central procurement division.

The Contract and Procurement Management Lead will be responsible for supporting the successful execution of the procurement for the London build and the management of contracts.

The role will have the following main roles and responsibilities -

• Working with the wider London and procurement team to ensure LSP adheres to the procurement act in all procurements undertaken.
• Lead and manage procurement activities in line with Bank and programme specific objectives, ensuring compliance with relevant policies and regulations.
• Drive the Bank's Supplier Relationship Management (SRM) programme, fostering collaborative partnerships, monitoring supplier performance, and ensuring continuous improvement across strategic suppliers.
• Support the on-going Cost Management processes, including change control, forecasting, early warnings, and financial reporting, to maintain transparency and control over project budgets.
• Provide proactive risk identification and mitigation strategies, ensuring that supplier and cost risks are highlighted early and addressed effectively.
• Collaborate with internal stakeholders to translate contractual and commercial requirements into practical guidance for the business.
• Deliver timely, detailed, and accurate reporting to support decision-making and demonstrate value for money.
• Work with internal and external stakeholders to ensure legislation and timelines are followed for procurement.
• Work with the wider team to overseeing and maintaining the relationship between a company and its suppliers to ensure maximum value, mitigate risks, and ensure a steady supply of goods and services.
• Building and maintaining strong, collaborative relationships with key suppliers and internal stakeholders to ensure seamless communication and operations.
• Working with suppliers regarding contract performance metrics, management information and any risk/reward mechanisms as part of an agreed measurement approach.

Number of direct reports: 0 - due to matrix working

Role Requirements:

Minimum Criteria

• Significant experience of leading strategic sourcing activities in a public-sector organisation.
• Proven experience in procurement, contract management, or commercial roles within complex organisations.
• Strong track record in implementing and managing Supplier Relationship Management programmes, including performance reviews, supplier development, and escalation processes.
• Expertise in Cost Management, with the ability to manage change requests, produce accurate forecasts, issue early warnings, and prepare clear financial reports.
• Possesses a detailed understanding of procurement regulations, including the implications of the new Procurement Act, and has experience managing tenders involving negotiation under these regulations.
• Experience of working in a client-focused environment on whole project lifecycles.

Essential Criteria

• Strong communication and stakeholder management skills, balancing commercial rigor with collaborative engagement.
• Excellent written and verbal communication, able to present clearly and succinctly at all levels.
• Analytical and detail-oriented, with the ability to identify and act on risks and opportunities.
• Proactive self-starter who uses initiative and works effectively within a team.
• Flexible and adaptable, open to change, and committed to personal development and taking on new responsibilities.

Desirable Criteria

• It would be advantageous to be MCIPS qualified, and have experience of programme management in the context of public-sector procurement.
• Experience of running procurement exercise in property/engineering/construction under the new Procurement Act.
• Experience of working in secure locations and in public sector facing organisations.

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.

For this role, we offer salaries of:

• Leeds from £62,480 - £70,290
• London from £69,440 - £78,120

In addition, we also offer a comprehensive benefits package as detailed below:

• Currently a non-contributory, career average pension giving you a guaranteed retirement benefit of 1/80th of your annual salary for every year worked. There is the option to increase your pension (to 1/65th) or decrease (to 1/105th) 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.
• An 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 Bank of England welcomes applications from all candidates, but as a UK Visas and Immigration (UKVI) approved sponsor, we have a responsibility to comply with the Immigration Rules and guidance. As such, our ability to employ individuals who require sponsorship for immigration purposes is limited. The Bank cannot guarantee that you and / or the role you are applying for will be eligible for sponsorship and that any application made to UKVI will be successful. Eligibility will therefore be considered on a case by case basis.

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 21st January.

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.

About Us

We are the UK's central bank - and we are a bank like no other; known by our peers for our world-leading thinking on policy and strategy.

Our mission is to promote the good of the people of the UK by maintaining monetary and financial stability. We seek to keep prices stable and people's money safe. We know our work matters to people, to families, up and down the UK. We are driven by curiosity and the desire to do important, challenging work.

It takes a great team to run the Bank of England. We rely on each other to play our part. We benefit from a collaborative culture and long-established flexible ways of working, supporting our colleagues balance their work and personal lives. We strive to be a place where people feel they belong and have equal access to opportunities, because different perspectives helps us make the best decisions for the public.

There's much to gain from working with us - from career defining work at the heart of the UK economy, being part of a fantastic team, and a rewarding compensation package.

Join us and find a bank like no other. Together, we can make a difference.

The Bank of England will use and protect the information you provide when you apply for a role with us, in line with our obligations under data protection law. This is so we can assess your suitability for the role and administer your application. If you're successful we'll use it to offer you a position and onboard you to join the Bank.

If you would like more details about how your information will be used and your information rights, please visit our recruitment privacy notice