Banking Services Portfolio Manager, Strategic Procurement

Job Title Banking Services Portfolio Manager, Strategic Procurement

Location London

Corporate Title Director

Global Procurement supports Deutsche Bank’s business and infrastructure divisions worldwide, helping teams meet their needs through effective sourcing and supplier partnerships. You will join the Banking Services category management team and work with stakeholders across the Investment Bank, Corporate Bank, Private Bank and Infrastructure divisions to shape sourcing strategies and deliver sourcing events, including requests for proposal. Your portfolio may cover:

• Market data services

• Front Office Sales and Trading

• Clearing, Settlement and Execution Services

• Digital Custody Services

• Investment Banking Origination, Advisory and Research

• Payments – Cards, Payment Gateways, Online Banking, Merchant Solutions

• Trade Finance, Securitization

• Loan servicing, shareholder servicing

• HW, SW and Maintenance supporting banking and brokerage functions

• Wealth Management banking, custody and brokerage

You will have the opportunity to broaden these category areas, solve varied commercial challenges and create sustainable value for the Bank.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them

• Competitive salary and non-contributory pension

• 30 days’ holiday plus bank holidays, with the option to purchase additional days

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits

• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Lead annual and medium-term category planning, identifying sourcing initiatives, anticipated savings, resource needs and delivery timescales

• Lead and contribute to category-based sourcing processes that address current and future business requirements

• Manage complex sourcing engagements, including supplier assessment, selection, requests for proposal and commercial negotiation

• Build trusted working relationships with senior stakeholders and provide clear commercial guidance throughout sourcing activity

• Lead cross-functional teams across the business, Legal, Finance and other functions, working with global procurement colleagues to deliver agreed outcomes

• Share category knowledge and monitor market and industry developments to identify opportunities for cost reduction, service improvement, process efficiency and risk mitigation

Your skills and experience

• Solid experience in procurement, strategic sourcing or a comparable commercial function; banking or financial services experience is valued

• Experience leading supplier negotiations and complex sourcing engagements, with the ability to explain options and recommendations clearly

• Experience in demand or consumption management, including using modelling techniques to monitor outcomes and adapt strategies

• Experience delivering measurable non-compensation cost reductions through sourcing and process improvement, including supplier consolidation, service improvements, efficiencies and risk mitigation

• An organised and collaborative approach, with the ability to plan work independently, contribute across global matrix teams and communicate effectively in written, verbal and presentation formats

• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

How we’ll support you

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• A range of flexible benefits that you can tailor to suit your needs

• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.