• Procurement Specialist

    Job Locations CN-Shanghai
    # of Openings
    Position Type
    Permanent Full-Time
  • Role Description

    The Procurement function has primary responsibility for sourcing strategy throughout the FNZ Group, including the ongoing management of third party relationships and collection of due diligence annually.  The Procurement Analyst will support the Commercial Organisation 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 which are completed by several buying departments throughout the organisation.

    Key areas of responsibility:

    • 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 Procurement 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 support services to the Commercial 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.

    Experience Required

    • English on advanced level;
    • Contract and/or relationship management experience would be an advantage;
    • Strong knowledge of Excel;
    • Financial knowledge;
    • Flexibility and willingness to learn;
    • Good communication skills;
    • Very well organised and pro-active approach;
    • Previous PMO experience would be an advantage.

    About FNZ

    FNZ is a global financial technology and asset servicing provider which powers the wealth management, administration and custodian platforms for some of the world's leading financial institutions. These customers include life insurers, retail and private banks, asset and wealth managers and financial adviser groups based across the UK, Europe, Asia, Australia and New Zealand.


    We believe that enhancing client engagement, lowering costs, delivering a seamless service and enabling personal solutions are key to helping people achieve their financial goals. We partner with major financial institutions to enable them to provide wealth management services to their clients across direct, intermediated and workplace channels that reflect these principles.


    We develop long-term partnerships with our customers to enable them to get to market quickly with a market-leading digital proposition, transform their customer service offering and grow assets under management across multiple distribution channels.


    Our customers include AMP, ANZ, Aviva, AXA Wealth, Bank of New Zealand, Fideuram Vita, HSBC, Mercer, National Australia Bank, HSBC, Santander, Santander Asset Management, Standard Life, UBS and Zurich.  In all we partner with 42 institutional customers worldwide. 


    FNZ employs over 1,000 people with offices in Edinburgh, London, Bristol, Brno (Czech Republic), Shanghai, Hong Kong, Singapore, Sydney, Melbourne and Wellington.


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