Cost and Procurement Manager Transformation)| S3 | CFO | Milton Keynes

Position: Cost and Procurement Manager (Change & Transformation)| S3 | CFO | Milton Keynes
This job is with Santander UK, an inclusive employer and a member of my Gwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Cost and Procurement Manager (Change & Transformation)| S3 | CFO | Milton Keynes

Country:
United Kingdom

IT STARTS HERE
Santander () is evolving from  a global, high-impact brand  into a  technology-driven organisation , and our people are at the heart of this journey.  Together , we are driving a  customer-centric transformation  that values bold  thinking, innovation , and the  courage to challenge  what's possible.
This is more than a strategic shift.  It's a chance for driven professionals to grow, learn, and make a real difference .
Our mission is to contribute to help more  people and businesses prosper . We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
CFO (Cost & Procurement) -  Santander UK is increasingly reliant on the third parties which underpin our operations. The Cost & Procurement team are undertaking a multi-year transformation focused on creating a platform to drive significant incremental value through the creation of an operating model with the capability to maximise the potential of this supplier ecosystem via connection & delivery of the right external expertise to meet the future demands of Santander and in turn, to drive best value whilst complying with regulation and Santander risk appetite.
THE DIFFERENCE YOU MAKE
The Cost Management and Procurement is looking for a highly passionate, forward thinking and driven Cost and Procurement manager, to manage a suite of an Agile Categories and work streams based out of Milton Keynes.
This is an expert role at the heart of Santander UK's cost and procurement agenda. You will lead complex sourcing and cost management initiatives that help the bank achieve its cost-to-income targets, unlock value from our third-party ecosystem and support key strategic programmes, including merger and acquisition (M&A) activity. Working across the Cost and Procurement function, you will provide analytical, commercial and strategic leadership to senior stakeholders, ensuring we get the best value from our suppliers while managing risk and regulatory obligations.
We're  shaping the way we work  through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:
Leading end-to-end strategic procurement and sourcing activity across key categories, from demand shaping and market engagement through to contract execution and close, ensuring that total cost of ownership and value-for-money are optimised

Supporting the organisations transformation plans, supporting key business activity such as mergers, acquisitions and other strategic transactions, including cost due diligence, analysis of standalone and combined cost bases, synergy identification, and the design of supplier and contract integration or separation plans

Driving cost transformation activity across Santander UK by designing, improving and embedding cost reporting, management information such as dashboards that give senior leaders clear insight into cost performance, cost drivers and levers to improve the cost-to-income ratio.

Analysing complex spend and cost data across suppliers, contracts, categories and business areas to perform cost driver analysis, benchmark external markets and develop robust business cases and options for executive decision-making.

Partnering with senior business stakeholders and strategic suppliers to develop sourcing and commercial strategies that unlock cost efficiencies, innovation and risk reduction, including value-sharing and performance-based commercial models.

Ensuring that all procurement and M&A-related supplier decisions comply with third-party risk, legal, regulatory and policy requirements, including robust due diligence, onboarding, ongoing monitoring and exit planning.

Coaching and constructively challenging stakeholders through the sourcing and transaction lifecycle so that specifications,…