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Procurement Manager

Tesco Bank
Edinburgh, United Kingdom
Closing date
23 Jun 2024

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Specialist Area
Job Level
Banking,Finance and Insurance
Contract Type
Full Time
CIPS Membership
Non CIPS member
Serving our customers, communities, and planet a little better every day.

Salary - Salary is from £50,240 + annual bonus & benefits

Work Level - 2

Location - Permanent, Edinburgh

Office Attendance - Our roles are hybrid; however, you should be able to travel to our Edinburgh 2 days per week for this position.

Closing Date - Applications close 21 st June at 5pm

We deal in the personal - from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you've worked hard for. And that means we always work with heart. Whether we're helping our customers or looking after our people, you'll find there's a warmth and friendliness to everything we do.

We're looking for a Procurement Manager to join our Insurance Money and Services team.

As a Procurement Manager for all IT services infrastructure, you'll be expected to negotiate complex supply agreements for the delivery of network infrastructure and connectivity hardware, software, support and maintenance services at Insurance and Money Services sites across the UK.

You'll be provided with the opportunity to work on some of the biggest contracts for the business, which shape the future of the Technology Insurance and Money Services. We are looking for someone to support Tesco group stakeholders, by negotiating commercial and legal terms with new and incumbent suppliers and managing supplier relationships.

You'll be challenged in this role due to the fast and exciting pace and the role you'll play in closing out key contracts/agreements that make a difference for our customers and colleagues.

Our Procurement colleagues enjoy that they are accountable for leading their category and are given the opportunity to work with Senior Stakeholders across the business. Our colleagues also enjoy the fact that we work closely with our Technology colleagues and are viewed as an extension of their team.

What you'll be doing
  • Build and deliver Category Plans by being innovative and collaborative with various cross functional stakeholders.
  • Delivering high savings targets through implementation of robust sourcing events, ensuring that suppliers meet all operational requirements whilst providing best value for Tesco IMS.
  • Consistently track and report on savings targets for specified sub-categories using the agreed process.
  • Using sound judgement build new and develop existing supplier relationships to ensure continued suitability and create greater value across the organisation.
  • Support the business to achieve compliance with legal, ethical, and social procurement policies with integrity and good judgment.

We need you to have
  • Previous experience in Procurement ideally in a related field
  • Cross functional working and stakeholder engagement
  • Strong negotiation skills and commercial acumen
  • Knowledge of Supplier relationship and performance management
  • Category Planning experience

And if you have any of these, even better
  • CIPS qualified
  • Experience in IT and software Industry.
  • Experience working inside a large corporate entity with global reach.

We don't expect you to tick every box, and if you feel you hit most of the brief, it's worth exploring to further develop your career here with us.

What's in it for you
  • Prepare for your retirement with our colleague pension scheme.
  • Private Medical Insurance (WL2+) and virtual GP Service you and your family 365 days a year.
  • Performance related annual bonus.
  • Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
  • Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to 2K). As an added perk, we'll give you a second card to share with someone else.
  • A place to get on - take advantage of our ongoing learning opportunities and award-winning training, to help you achieve the job and career you want.
  • Take part in our Buy as you Earn and Save as your Earn share schemes.

Everyone's welcome

We want all our colleagues to always feel welcome and be themselves. We're committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

Role Alignment

Following the announcement regarding Tesco's strategic partnership with Barclays, this role will support our Insurance and Money Services team and will remain with Tesco.

Expected start date for this opportunity will be October/November 2024.


Interviews are expected to be held from 8 th July .

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you're interested in finding out more about what a career at Tesco Bank looks like, click apply to find out more!

Why Tesco Bank?

We're also a little obsessed with the future. Your future. Our future. That's why we take development seriously; we want to help you thrive and evolve in your career. Tesco Bank is a place to get on, all colleagues have access to LinkedIn Learning and Abstract, from day one.

It's important to us that we make sure you're supported by your team and colleague networks every day, celebrating when it matters and helping you to be the best version of yourself. The people make Tesco Bank, and we take pride in what we achieve together.

All that hard work? Come and see it turned into something real, usable, and important to customers' and colleagues' everyday lives. At Tesco Bank, our products make things a little better for everyone.

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