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Sourcing Manager - Legal Services Team

Employer
Lloyds Banking Group
Location
Bristol, United Kingdom
Salary
Competitive
Closing date
20 Apr 2024

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Job Details

End Date
Monday 29 April 2024

Salary Range
£57,546 - £63,940

We support flexible working - click here for more information on flexible working options

Flexible Working Options
Hybrid Working

Job Description Summary
In Group Sourcing and Supplier Management (GS&SM), we play a pivotal role in delivering this vision, through closely working with our stakeholders and supplier network to deliver value at pace and scale.

It's a phenomenal time of change and transformation within the Group and the GS&SM teams are at the heart of that change. Not only that, but it’s a great place to work. We have a strong culture and set of values where we look to live the core values of putting people first, being bold, being inclusive and trusting each other all whilst championing sustainability in all that we do.

Job Description

JOB TITLE: Sourcing Manager (Legal Services)
SALARY: £57,500 - £63,900

LOCATION : Bristol, Edinburgh, Halifax or Birmingham

HOURS: Full time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, in one of our office sites, as listing above.

About this opportunity
It is a fantastic time of change within Lloyds Banking Group (LBG) and the Group Sourcing and Supplier Management (GS&SM) function are at the heart of that change.

This particular role will be supporting Legal Services sourcing activity within Lloyds Banking Group. You'll lead sourcing projects with senior stakeholders in the Legal community focussed on driving effective spend management and optimising commercial and risk outcomes.

You'll contribute to the development of category strategies, delivering specific sourcing initiatives to drive the effective supply of services to LBG and management of the cost base, supporting the legal community in their adoption of emerging AI and automation technology.

Working collaboratively with souring colleagues, internal stakeholders and third party suppliers to effectively manage all aspects of the sourcing lifecycle ensuring the best value from Groupwide agreements in support of LBG strategic vision.

You will be responsible for:
  • Inputting into category and sub-category strategies reflecting external market conditions whilst optimising the cost of ownership to deliver sustainable strategic direction for the business
  • Delivering opportunities that drive down cost and deliver value for goods and/or services through the identification of cost saving initiatives in line with the Group’s targets and objectives
  • Developing effective relationships with key internal stakeholders to increase their awareness of sourcing and support for sourcing initiatives (this role specifically with be targeted at insurance division)
  • Helping to identify best practices, ascertain stakeholder’s future requirements and where appropriate, responding to changes in the internal and external business environment to secure best value from third party expenditure
  • Leading cross functional teams through the sourcing process, leveraging economies of scale through robust contract negotiations, supplier selection and management of the commercial aspects of the 3rd party supplier relationships
  • Applying knowledge of contractual terms and conditions ensuring appropriate risk mitigation embedded into supply contracts to provide high quality services to the Group
  • Working collaboratively with the supplier management teams to develop and implement the appropriate supplier governance structure ensuring effective contract handover
  • Reporting and tracking financial benefits versus pipeline and targets, identifying potential risks
  • Undertaking all activities in line with all relevant Group policies and within Group risk appetite, ensuring compliance to all policies, procedures and systems providing an efficient and auditable sourcing trail that will ensure robust risk management.
  • Maintaining an up to date awareness of own specialist area and market dynamics, taking action accordingly to ensure the best contracts are in place to meet stakeholder needs.


What you'll need
  • Solid background and experience within Legal Services category sourcing is essential.
  • Strong internal and external stakeholder management skills, including face-to-face with Legal Firms.
  • Excellent communication skills & self-starter is essential.
  • Strong negotiation skills are essential.
  • Ability to work without supervision while providing technical guidance when required on managing projects and/or programmes within desired cost, time, and quality parameters.
  • Ability to identify, assess, prioritise, and manage risks in a production process without supervision and provide technical guidance when required.
  • Working knowledge of SAP Ariba sourcing and contract modules is highly desirable.
  • Financial Services background is desirable.


About working for us
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:
  • A generous pension contribution of up to 15%
  • An annual bonus award, subject to Group performance
  • Share schemes including free shares
  • Benefits you can adapt to your lifestyle, such as discounted shopping
  • 30 days’ holiday, with bank holidays on top (pro-rata)
  • A range of wellbeing initiatives and generous parental leave policies


If you’re excited at the thought of becoming part of our team, please apply today!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

Company

We’re creating an organisation that attracts, retains and develops the best talent in the industry, and one that openly embraces diversity too. But more than that – we want to be a great place to work. We invest in our people, offering the best training and coaching, and by encouraging them to contribute to our leading corporate and social responsibility practices. We offer flexible working hours and days, under our Work Options scheme. This means that you can have a challenging and rewarding career, and still have an ideal work/life balance.

Flexible working is at the heart of our strategy. We’re re-imagining where, when, and how our people work, with new approaches designed to meet the ever-changing needs of customers and colleagues. These include increasing our use of remote-working tools and technology, as well as placing less reliance on a 9-to-5 mindset. For many of our office-based colleagues, we work in hybrid ways which involves spending at least two days per week or 40% of their time at one of our office sites.

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