Head of Procurement
Moneybox · London, England
About Moneybox
At Moneybox, our mission is to give everyone the means to get more out of life. We're guided by our belief that wealth isn't about the money, it's about the means to more - more freedom, opportunities, possibilities, and peace of mind. Moneybox is an award-winning wealth management platform, helping over one and a half million people build wealth throughout their lives, whether they’re saving and investing, buying their first home, or planning for retirement.
Moneybox has grown from ~£5bn to ~£25bn of assets under administration in three years. The suppliers we rely on have grown with us, in number, in importance and in regulatory significance, and the way we choose, contract and manage them now needs to keep pace with business growth and regulatory change. We have genuine strengths to build on, particularly in how our Legal, Data Protection and InfoSec Teams negotiate with our most important partners, but need to continue evolving our full third-party lifecycle management approach.
As Head of Procurement, you will build and then run the function. You will own the target operating model, make Moneybox’s approach proportionate, with fast routes for genuinely low-risk purchases and real challenge where the regulatory and commercial risks sit. You will be the front door for every new third-party need and the owner of a single view of our supplier estate.
This is a builder-into-runner role: the first 12 to 18 months focus on designing and embedding the model, and then on running it well and raising the capability of the people around you. Being a Head of at Moneybox also means helping to define company strategy through cross-functional committees and quarterly planning, and maintaining our culture by living and promoting our values.
What You’ll Do
- Operating model and policy
- Own the target operating model for the third-party lifecycle, with clear roles and accountability for the business, procurement, risk, legal, compliance and operations
- Replace value-only tiering with a risk-based framework, and own the procurement policy, approval and signing matrices
The front door
- Own the procurement gateway, checking every new need is ready to proceed and setting clear expectations on route, timeline and priority
- Challenge and shape requirements early, including build-or-buy and whether an existing supplier could meet the need
Sourcing and negotiation
- Working with business owners, leading RFPs, and triage engagements before specialists are involved so that second-line teams see only what genuinely needs them
- Lead negotiation on material engagements, building in exit and alternative-provider contingency while leverage still exists
- Compile an independent risk assessment before signing, and escalate where a proposal falls outside risk appetite or departs from its business case
Supplier estate, contracts and renewals
- Build a single view of the supplier estate, its criticality, risk and duplication, and lead consolidation and more strategic relationships
- Run a forward renewal pipeline with lead times set by risk, so every significant renewal is a real decision rather than a deadline
- Bring long-standing relationships up to the new standard through the first renewal cycles, in order of risk
Third-party risk and operational resilience
- Act as first line for the second-line teams, and drive consistent risk matrices aligned to the Executive Committee’s risk appetite
- Work with the Third Parties and Operational Resilience team so that critical suppliers have robust continuity, recovery and exit plans and that in life expectations are embedded with suppliers and business owners from inception
Capability, culture and technology
- Make procurement help the business move faster and decide better, raising capability through playbooks, coaching and well-designed tools
- Set the direction for procurement systems, data and AI, and make the case for the resourcing the model needs
Who you are
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- Results-first leader: You possess an ego-less approach to success, instinctively prioritising collective company outcomes over personal or functional ambition
- Cross-functional catalyst: You thrive in shared-goal environments, understanding that true accountability means bridging silos to ensure the entire team wins, not just your department
- Hungry & intellectually curious: You bring an exceptional work ethic and a “thirst for knowledge” that drives you to constantly improve yourself and the systems around you
- Action-oriented: You have the acumen to translate high-level strategy into tangible outputs, ensuring that “commitment” isn’t just a word, but a measurable result
- Collaborative communicator: You build trust by being radically honest, admitting mistakes and asking for help, and you prefer healthy debate to reach the best outcomes
Experience and Skills
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- Procurement leadership in regulated financial services: You have led a procurement or third-party function, or a substantial part of one, in an FCA or PRA regulated firm
- Operating model builder: You have designed and embedded a procurement or third-party operating model from a low base, and then run it, rather than inheriting a mature function
- Senior presence and independence: You have the experience to genuinely test the readiness of a request, hold a position with directors and heads of department, and turn a complex supplier or risk position into a clear recommendation for executive audiences
- Third-party risk literacy: You understand legal, data protection, information security and AI risk well enough to spot gaps early and resolve standard positions without needing a specialist every time
- Regulatory grounding: You know UK requirements on outsourcing, operational resilience and third-party risk, including critical and material third parties, exit planning and regulatory reporting
- Commercial negotiation: You have a track record of negotiating material, complex technology and service contracts, and of creating value across a supplier estate rather than deal by deal
- Proportionate and capability-building: You match effort to risk, raise the capability of non-specialists, and see a practical role for automation and AI in routine work
What’s In It For You?
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- Opportunity to join a fast-growing, award-winning and super ambitious company
- Work with a friendly team of highly motivated individuals
- Be in an environment where you are listened to and can actually have an impact
- Thriving collaborative and inclusive company culture
- Company pension scheme
- Company bonus scheme
- Hybrid working environment – by the Oxo Tower
- Home office furniture allowance
- Personal Annual Learning and Development budget
- Private Medical Insurance
- Health Cash Plan – cashback on everyday healthcare like dental and opticians
- Cycle to work scheme – spread the cost of a new bike and accessories
- CycleSaver – save on bike-share subscriptions and have a more sustainable commute
- Wellhub subscription to a variety of gyms and wellbeing apps
- Enhanced parental pay & leave
- 25 days holiday + bank holidays with additional days added with length of service.
This is a hybrid role. Our office is in London, by the Oxo Tower
Our Commitment to DE&I:
At Moneybox, we promote, support and celebrate inclusion, diversity and equity for all, so that everyone can bring their full selves to work. We believe that diversity drives innovation, and that if our team is representative of our community of customers, we can better support their needs. To ensure our recruitment processes provide an equal opportunity for all applicants to succeed, we encourage you to let us know if there are any adjustments that we can make. We are open-minded and always willing to go the extra mile to ensure all applicants can present their full self and potential
Working Policy:
We have a hybrid policy that includes 2 days from our London office and 3 from home. If the role states it is either hybrid or remote candidates must be based within the UK.
Visa Sponsorship:
At this time we cannot offer visa sponsorship for this role and we cannot consider overseas applications.
Please read before you apply!
Please note if offered a position, the offer is conditional and subject to the receipt of satisfactory pre-employment checks which we will conduct such as criminal record and adverse credit history checks. As a regulated financial business, an adverse financial history could impact your suitability for the role. If you are aware of anything that could affect your suitability for the role, please let us know in advance.
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If you are unsuccessful in your application, we may keep your details on file so that we can tell you about other suitable vacancies which may be of interest to you when they arise in the future.
If you would like to reach us then please email: talent@moneyboxapp.com
If you would rather we did not keep your details on file, you can contact us at: DPO@moneyboxapp.com