Senior Commercial - London, United Kingdom - Bank of England

Bank of England

Verified Company

London, United Kingdom

6 days ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Senior Commercial (Procurement) Policy Administrator

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010211

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Primary Location UK-ENG-London

Job Property Procurement and Security

Organisation PROCUREMENT DIVISION

Job Posting 23-Jan-2024, 8:53:20 AM

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation.

Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

The Bank's Central Procurement Team is part of Shared Services, which has responsibility to The Central Services Targeting Model design created a new Shared Services Directorate in 2019, formed by centralising operational colleagues from Human Resource, Finance, Technology, Property, Procurement and Security to enable a focus on operational service delivery.

The Bank exists to ensure monetary stability and to contribute to financial stability; the Shared Services Directorate provides the infrastructure and services required to support the Bank's critical functions.

Department Overview

The Procurement department is responsible for ensuring value-for-money for the Bank and compliance with the procurement policies and regulations, and managing third-party risk.

Job description

This role is part of the Commercial Policy team, responsible for commercial policies, governance and controls, including training (for both commercial and non-commercial staff), continuous improvement and benchmarking.

You will be responsible for:

Supporting the Commercial Policy team to deliver and maintain the Bank's commercial policies and controls
Assisting the team with their design of new (or existing) processes to drive and/or monitor compliance with the commercial policies
Supporting the collaboration with Learning & Development to roll out and administer training programmes tailored to the various members of the commercial community
Running the secretariat of the Commercial Oversight Group, which oversees all the major Bank commercial decisions
Drafting and publishing internal communications and updates on procurement initiatives to manage key stakeholders

Knowledge, Skills and Experience required

Technical capabilities:

Demonstrable data analysis skills, including strong knowledge of Excel, and notably creating userfriendly spreadsheets, ready for user input

Behavioural capabilities:

Good written communication skills
Strong ability to engage with internal stakeholders
Demonstrable excellent organisational, planning and time management skills
Demonstrable ability to work on multiple workstreams simultaneously
Selfmotivation, with the ability to work both on your own initiative and as part of a team

It would also be advantageous to have an understanding of the Public Contracts Regulations 2015 and awareness of the upcoming Procurement Reform.

- #LI-RA2

Our Approach to Inclusion
The Bank values diversity, equity and inclusion.

We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

At the Bank of England we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work.

We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation and socioeconomic status.

We believe that it's by drawing on different perspectives and experiences that we'll continue to make the best decisions for the public.

For most roles where work can be carried out at home, we aim for colleagues to spend half of their time in the office, with a minimum of 40% per month.

Subject to that minimum requirement, individuals and managers should work together to find what works best for them, their team and stakeholders.

Salary and Benefits Information

This specific role offers a base salary of
circa £32,000 - £36,000 per annum (depending on skills and experience) on a full-time basis.

In addition, we also offer a comprehensive benefits package as detailed below:

A non-contributory, career average pension giving you a guaranteed retirement benefit of 1/95th of your annual salary for every year worked. There is the option to increase your pension (to 1/50th) or decrease (to 1/120th) in exchange for salary through our flexible benefits programme each year.
A discretionary performance award based on a current award pool.
A 8% benefits allowance with the option to take as salary or purchase a wide range of flexible benefits.
26 days' annual leave with option to buy up to 12 additional days through flexible benefits.
Private medical insurance and in