Role Description

We are looking to recruit a motivated, tenacious and organised self starter with impeccable communication skills and passionate about process management to join our rapidly growing global FinTech business. You should have an interest in Financial Markets or may have studied a relevant discipline at University.

The Graduate Procurement Specialist will support the Procurement and Supplier Management Function by ensuring that new and existing vendor relationships are adequately managed and documented, completing several stages of the procurement process from requirement phase through to contract signature, and then monitoring ongoing reviews.

Organisational Design

This Role will report to the Head of Procurement & Supplier Management and operate within the Global Finance function within FNZ.

Team Responsibilities

The Procurement function has primary responsibility for sourcing strategy throughout the FNZ Group, globally, including the ongoing management of third-party relationships and collection of due diligence annually.  

Specific Role Responsibilities

• Completing, tracking and recording of Due Diligence across the entire supplier base

• Ensuring best practice is followed throughout FNZ and contributing to increased process compliance throughout the organisation.

• Supply chain monitoring, both in terms of cost and functionality.

• Maintaining an accurate central record of all third-party agreements and requirements.

• Maintaining an up to date account of Total Cost of Ownership (TCO) for third party services throughout the Group.

• Identifying cost saving initiatives and working with the Head of Supplier Management to develop procurement strategy based on organisational trends and behaviours.

• Reporting on value achieved, and issuing standard procurement communications to lead buyers and budget holders.

• Coordinating RFPs within the set management framework.

• Providing Procurement and Supplier Management support services to the Organisation generally.

• Monitoring and documenting supplier performance which may include collecting/reviewing MI, monitoring SLA’s/KPI’s, obtaining client and end user feedback, etc.

• Assessing the market for up to date and comparative pricing when new requirements are received.

Performance Assessment

• Data Input: Input data timely and accurately across platforms.

• Client Liaison: Liaison with new and existing clients.

• Effective Communication: Ensure that information is communicated effectively to necessary parties and in a timely manner for purpose of rapid resolution.

• Record keeping: Maintain records as required to ensure the investment process is transparent to regulators and external auditors.

• Procedures: Contribute to and maintain relevant and robust documented procedures.

• Projects: To support project work that impacts your specific team or processes.

• Continuous improvement: Continually assess the processes and controls and introduce improvements or efficiencies.

• Other Tasks: To undertake any other projects/ tasks as may reasonably be required to facilitate the smooth operation of the company.

Expected Behaviours:

• Accuracy: To ensure that completion of daily tasks are true and accurate.

• Efficiency: To ensure that completion of daily tasks are executed in a timely manner and deadlines are met.

• Regulatory knowledge: To ensure daily tasks are completed in line with regulations as directed by Manager.

• Planning: To prioritise the work to ensure all activities are completed on time and within agreed deadlines.

• Industry Awareness: be aware of external events that may impact on your tasks or role, take an interest in the industry you work in.

• Working across Boundaries: FNZ operates in an environment that encourages staff to learn about the end-to-end processes, this helps to ensure our staff are kept engaged and challenged throughout their career.

• CPD; develop, track and evidence professional and technical knowledge and skills via training and development in order to meet Continuing Professional Development (CPD) requirements as outlined in the T&D Framework.

Experience Required

• Minimum Bachelors’ degree or above

• Flexibility and willingness to learn

• Good communication skills

• Very well organised and pro-active approach

• The ability to work accurately and to deadlines

• English on advanced level

• Strong knowledge of Excel

• Contract and/or relationship management experience would be an advantage

• Financial knowledge would be an advantage

• Strong Project Management skills and experience would be an advantage.

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About FNZ

FNZ is committed to opening up wealth so that everyone, everywhere can invest in their future on their terms. We know the foundation to do that already exists in the wealth management industry, but complexity holds firms back. 

We created wealth’s growth platform to help. We provide a global, end-to-end wealth management platform that integrates modern technology with business and investment operations. All in a regulated financial institution. 

We partner with over 650 financial institutions and 12,000 wealth managers, with US$1.5 trillion in assets under administration (AUA).

Together with our customers, we help over 20 million people from all wealth segments to invest in their future.