Assistant Manager - Procurement

About this job

At OakNorth, the team empowers ambitious businesses and communities by driving economic growth through lending and financial services across the UK and US. The Procurement team manages supplier relationships, contract lifecycles, and purchasing operations across international entities while collaborating closely with Finance, Legal, IT, and Compliance. As an Assistant Manager in Procurement, you will support end-to-end procurement activities ranging from sourcing and contracting to supplier due diligence, invoice processing, and performance management. A normal day in this role involves leading tendering activities, managing contract lifecycles, processing purchase requisitions in NetSuite, conducting vendor due diligence, and coordinating with global internal stakeholders and external suppliers in a fast-paced, regulated environment.

Responsibilities

• Lead sourcing and tendering activities, including RFx preparation and commercial term benchmarking.
• Manage contract lifecycle activities and maintain the contract register with Legal collaboration.
• Create and process purchase requisitions in NetSuite and resolve invoice discrepancies.
• Manage end-to-end supplier due diligence, risk assessments, and banking verifications.
• Handle vendor onboarding, offboarding, and maintain records in Salesforce.
• Maintain tracking files and support procurement dashboards and data visualizations.
• Act as the key liaison between internal departments and external suppliers across geographies.

Requirements

• 3 to 5 years of experience in procurement operations or supplier management.
• Experience within financial services or a regulated environment.
• Hands-on experience with NetSuite and Salesforce.
• Strong Excel skills including pivot tables, VLOOKUP, and data analysis.
• Understanding of third-party risk management and procurement compliance frameworks.
• Self-motivated, detail-oriented, and able to manage multiple priorities independently.

Good to have

• Familiarity with AI/ML tools and their application in procurement workflows.
• Experience with supplier due diligence processes including sanctions and credit checks.
• Exposure to category management or preferred supplier strategy development.
• Familiarity with Power BI or Tableau.

Who should apply

This role suits professionals with 3 to 5 years of experience in procurement operations or supplier management, particularly those with background experience in financial services or regulated environments. Candidates who are detail-oriented, self-motivated, and comfortable handling cross-functional collaboration and multi-geography coordination will thrive here. The posting does not mention if freshers can apply, as specific multi-year experience is required.

Frequently asked questions