Average Procurement Specialist salary in the UK

Are you an experienced procurement professional ready to make an impact in a fast-paced, global organisation? CMC Markets is seeking a Procurement Specialist to play a key role in driving operational excellence across our procurement function.In this pivotal position, you’ll act as a trusted partner to the business—managing end-to-end procurement processes, ensuring compliance, and supporting departments to achieve the best commercial and operational outcomes. You’ll bring structure, insight, and collaboration to every stage of the procurement journey.What you’ll be doingProviding proactive administrative and operational support to the Senior Procurement Manager.Reviewing, negotiating, and finalising supplier contracts in collaboration with Legal and other key stakeholders.Managing supplier onboarding and maintaining the supplier management framework, ensuring appropriate segmentation and oversight.Supporting business areas with procurement activities including RFPs, contract negotiations, and supplier reviews.Partnering with stakeholders to identify cost optimisation opportunities and monitor spend.Guiding and supporting junior team members, promoting best practice in procurement processes and compliance.Maintaining professional development to meet evolving regulatory and organisational requirements.What you’ll bringEssential:5+ years’ experience in procurement or supplier management.Strong analytical, negotiation, and communication skills.Excellent organisation and multitasking ability, with meticulous attention to detail.Proficiency in MS Office (Word, Excel, PowerPoint).Confidence working across all levels of the organisation.Desirable:Experience in sustainable procurement practices.Strong understanding of IT procurement and engagement with technology vendors.Experience with Software Asset Management, vendor risk assessment, and due diligence.Proven expertise in contract and vendor management.CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability, or age.

Procurement Specialist - Greenfield experience - Technology/Wealth Management/Finance My client is a fast growing wealth management business, both in the UK and internationally. It has evolved a fairer, more efficient and effective business model, structured to deliver leading advice-led wealth management services, giving financial advisers and their clients the best opportunity to fulfil their dreams and ambitions.Providing a dynamic work environment full of opportunity, one where both individual and team initiative and contribution is encouraged, so that together we can deliver better outcomes for our clients over the long term. The role The Procurement Specialist will be instrumental in establishing the procurement function from the ground up, shaping supplier strategy, frameworks, and governance. This role combines strategic sourcing, supplier management, and compliance oversight to drive value across the Group.With significant opportunities for cost optimisation and supplier consolidation, the successful candidate will need to be a strong communicator who can engage stakeholders, lead change, and embed new processes effectively. This is a hands-on role requiring commercial acumen, negotiation skills, and the ability to operate independently in a fast-paced, entrepreneurial environment. Department Build-Out - This role is pivotal in establishing the procurement function from scratch. The successful candidate will be responsible for supporting the design and implementation of procurement frameworks, policies, and processes, laying the foundation for a scalable and effective procurement operation. This includes setting up supplier management structures, governance models, and reporting mechanisms to support the Group's strategic goals.This role will report to the Group Head of Procurement and Vendor Management. Responsibilities Design and implement procurement processes and governance from the ground upEstablish procurement frameworks, tools, and reporting dashboards to support a newly formed functionAct as the procurement lead in building a best-in-class function within a fast-paced, entrepreneurial environmentSupport the development and execution of the Group's procurement strategy in line with business objectivesManage end-to-end procurement processes, including supplier selection, RFPs, contract negotiation, and on-boardingEstablish and lead procurement processes from the ground up, including documentation, supplier evaluation, and governanceManage supplier relationships to ensure performance, compliance, and value delivery across indirect spend categoriesDrive cost optimisation, risk mitigation, and operational efficiency through strategic sourcing and process improvementDevelop and maintain dashboards and reporting tools to track savings, supplier performance, and procurement activityCollaborate with internal stakeholders to align procurement strategies with business needs and budget objectivesEnsure procurement activities comply with regulatory standards and internal policiesLead contract negotiations, supplier on boarding, and performance reviews using KPIs and analyticsMaintain accurate procurement data, including contracts, spend analysis, and third-party risk documentationOperate independently to build procurement frameworks and influence senior stakeholders for successful outcomes Requirements Technology & Operational Insight - Experience working within a Finance/Technology function, understanding IT delivery, supplier management, risk, and governanceStakeholder Management & Communication - Strong ability to engage and influence senior technology leaders, suppliers, and finance teams, ensuring alignment and effective decision-makingYou must have experience in Procurement and especially in a fast paced working environmentDegree or equivalent in Business, Supply Chain, Procurement, or related field (CIPS qualification desirable)Minimum 3-5 years' experience in procurement, ideally within financial services or a regulated environmentExperience with procurement systems (e.g., Coupa, SAP Ariba) and spend analytics tools Key Competencies Strategic thinking and commercial awarenessStrong analytical and problem-solving skillsExcellent communication and stakeholder engagementAbility to manage multiple priorities in a fast-paced environmentHigh attention to detail and organisational skills Our employees are talented people, distinguished by excellence. You will be able to demonstrate a willingness to embrace the company values of: Creativity - We recognise we need new ways of thinking, learning and doing to both improve our own productivity and efficiency as well as to help us stay ahead of competitors. Commitment - We are a team with the willingness to put time, effort and energy into driving change in the organisation, going the extra mile. Collaboration - We need teamwork amongst ourselves and with partners to generate more innovative, efficient and effective solutions and thereby a greater sense of achievement.

As a Procurement Specialist you will be responsible for:•Taking care of RFQ`s and contacting suppliers for getting the competitive quotations•Placing and following up on Purchase Orders (PO) and manage relationships with suppliers for PO execution.•Keeping Ontime delivery of required Goods and Services and monitoring the status•Detecting and signaling flaws in approaches, methods, procedures, and processes and suggests improvements.•Taking care of contract negotiation and renovation and discussion with suppliers•Managing supplier relationships to understand the business, gather market intelligence, assess risk, and ensure compliance to KPIs•Handling communication with colleagues and the business about data gathering and analysis.•Managing problems and scheduling changes•Reporting the supplier performance and any non-Conformity cases•Processing and taking care of Suppliers` invoices and any required rectification•Understanding the content of purchased items and preparing the comparison tables to find the best value.To be successful in this role you will:•Have experience gained in the sourcing/ buying/ procurement min. 2 years in Oil & Gas or Other energy sector or technological industries. This work experience needs to be in UK and having a good understanding of the work environment in UK.•Have a Bachelor's degree from an accredited university or college Preferred with technical background.•Be fluent in English language. Other languages is pre.•Some Experience or adequate training on Contracts/ Agreement templates•Demonstrate excellent communication skills and an ability to build trusting relationships with customers and suppliers•Have experience with SAP or Oracle is essential.•Leading procurement activities and bringing to the decision making.•Working independently and self-driving tasks and responsibilities