Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s – build a braver future with us.

The Role

This role is responsible for developing and leading the Procurement Delivery team responsible for all global strategic sourcing and supplier management activities, maximising value from all supplier engagement across the Corporation and Market. This role is responsible for evolving procurement best practice and capability ito proactively partner with key stakeholders, delivering strategic value through joint sourcing plans aligned to Group strategy.

Principal Accountabilities

Support the Head of Procurement with the continued development of a best-in-class global strategic procurement function with the long-term vision to deliver an effective and sustainable approach to all third-party sourcing and supplier management,
Lead the Procurement Delivery team to ensure development of capabilities to deliver strategic value across all sourcing and supplier management objectives.
Support the Head of Procurement to define and deliver Group Procurement’s strategic growth plans; reporting and monitoring progress against these priorities.
Develop and deliver the core operating model for procurement delivery at Lloyd’s; including effective communication of the vision, strategy and business plans to all internal and external stakeholders
Corporate advocacy of procurement operational practices through relationship building, resolute delivery and effective communication to ensure procurement delivery is a core strategic requirements
Responsible for both leading and supporting the development and oversight of the procurement governance framework, including departmental policies, central and local controls, third party risk and performance and regulatory compliance
Oversee the establishment and development of collaborative stakeholder and global strategic procurement objectives to maximise Lloyd’s influence on supply markets.
Leading the development of strategic category plans across key categories of spend to achieve maximum value and minimised risk.
Oversee delivery of key procurement projects that deliver significant commercial benefits whilst continuously identifying opportunities to drive improvements
Oversee delivery of Lloyd’s critical and strategic procurement tools
Escalation and issues management, interpretation and dispute resolution at a senior level
Oversee the production of regular management information for senior management and risk committees

Skills

Strong commercial instinct and communication skills
Strategic sourcing and category management
Negotiation and analytical skills
People Management Experience
Understanding of risks and issues that impact the supply management process
Attainment of supply management qualifications
Strong IT skills, in particular Excel, Word and SharePoint
Organisational skills and ability to multitask
The ability to work independently and as part of a team

Experience

Demonstrable experience of leading significant strategic sourcing initiatives
Team development across categories of spend
Vendor and contract management experience
Demonstrable record of building and implementing strategy and change (ability to make things happen, mobilise and motivate)
Demonstrable commercial awareness and experience
Significant business partnering experience and a track record of innovation & influencing
Management of third parties and internal stakeholders

Diversity and inclusion are a focus for us – Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.

We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility.  Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc).  These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.

Should you require any additional support with your application, or any adjustments, please click the following link;

https://cleartalents.com/apply/lloyds-msa1645695881

Please note, clicking on this link does not register your application for the vacancy

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Procurement Delivery Lead