Procurement Manager

Application Deadline: 13 March 2026

Department: [SBSS] Procurement

Employment Type: Permanent - Full Time

Location: Bristol

Compensation: Up to GBP 60,000 / year

Description

Somerset Bridge are seeking a Procurement Manager to lead and continuously enhance the organisation's end-to-end procurement framework, ensuring all third-party engagements align with regulatory requirements, internal governance standards, and commercial best practice.

This role provides both strategic direction and hands-on operational oversight across key procurement activities, including supplier onboarding, contract management, due diligence, risk assessment, and process optimisation. The successful candidate will play a critical role in driving value, reducing risk, and upholding the high standards of customer protection expected within a regulated insurance environment.

A central part of this position involves building strong relationships and fostering collaboration across departments to ensure seamless procurement operations. By enabling effective cross-functional working and robust supplier management, the Procurement Manager will contribute directly to the organisation's commercial success and operational resilience.

What you'll be responsible for:

• Lead Manage the administration of the procurement process, ensuring all steps are completed accurately and on time.
• Assist the procurement proposer with tracking and oversight of all required steps of the process, including contract review, DPIA, and due diligence.
• Collaborate with all departments involved in the process, including Procurement Requester, Legal, IT, Infosec, and Regulatory Services, to ensure seamless procurement operations.
• Oversee due diligence administration during onboarding and for periodic due diligence updates, ensuring compliance with regulatory requirements.
• Maintain and continually enhance procurement policies, workflows, and systems to align with regulatory expectations and insurance industry best practice. Ensuring data accuracy and accessibility. Ensuring that these are all fit for purpose and up to date with industry procurement standards and compliant with relevant legislation.
• Support the procurement proposer with vendor selection and commercial negotiation, providing insights and recommendations to achieve the best outcomes.
• Ensure that all procurement meets organisational standards and fit within the organisational strategies and frameworks.

Risks & regulatory Compliance

• Ensure supplier arrangements meet FCA regulatory frameworks and internal risk standards.
• Act with integrity, adhering to regulatory frameworks set out by the FCA ensuring best possible outcomes for our customers.
• Identify, assess, and escalate procurement-related risks, contributing to wider operational and enterprise risk management activities.
• Maintain accurate audit trails, documentation, and system records for all supplier interactions

Cross-Functional Collaboration

• Work closely with Legal, IT, Information Security, Regulatory Services, Operations, and Finance to ensure seamless procurement processes.
• Provide guidance and training to internal stakeholders on procurement requirements, systems, and compliance obligations.
• Foster strong relationships across the organisation to support efficient and well-governed supplier engagement.

Continuous Improvement & Strategic Input

• Drive improvements in procurement efficiency, systems capability, and supplier governance maturity.
• Provide insights and recommendations Head of Legal Services on procurement strategy, emerging risks, and industry trends.
• Champion innovation in supplier solutions that support operational resilience and customer outcomes.

What you'll need:

Essential Skills:

• Technical Knowledge: Prior experience in an equivalent role.
• Organisational skills: Proven ability to manage multiple tasks and priorities effectively.
• Time management: Able to manage own time and workload efficiently to meet deadlines.
• Communication skills: Strong verbal and written communication skills, with the ability to convey information clearly and concisely in various contexts.
• Collaboration: Demonstrated ability to work collaboratively with cross-functional teams.
• Process-oriented: Proven experience in following and improving processes to ensure efficiency and compliance.
• MS Office/General IT proficiency: Proficiency in Microsoft Office applications and general IT skills.

Desirable Skills:

• Financial service/regulated industry experience: Experience working in a financial service or regulated industry is advantageous.
• Knowledge of procurement systems.

Our Benefits

• Hybrid working - 2 days in the office and 3 days working from home
• 25 days annual leave, rising to 27 days over 2 years' service and 30 days after 5 years' service. Plus bank holidays!
• Discretionary annual bonus
• Pension scheme - 5% employee, 6% employer
• Flexible working - we will always consider applications for those who require less than the advertised hours
• Flexi-time
• Healthcare Cash Plan - claim cashback on a variety of everyday healthcare costs
• Electric vehicle - salary sacrifice scheme
• 100's of exclusive retailer discounts
• Professional wellbeing, health & fitness app - Wrkit
• Enhanced parental leave, including time off for IVF appointments
• Religious bank holidays - if you don't celebrate Christmas and Easter, you can use these annual leave days on other occasions throughout the year.
• Life Assurance - 4 times your salary
• 25% Car Insurance Discount
• 20% Travel Insurance Discount
• Cycle to Work Scheme
• Employee Referral Scheme
• Community support day