Procurement Buyer
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.
The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
Role Overview:
The Procurement Buyer will be focused on delivering a functional end to end procurement process from supplier onboarding support, purchase order requests and processing, receipting and resolution of invoice queries. The Procurement Buyer will also be responsible for the maintenance and administration of the contract depository including ensuring category management and the procurement sourcing office upload all necessary contract documentation and advise accordingly on termination events.The role will also be required to support the broader Procurement Efficiency Office with Third Party Risk Management and Business Analytics as and when required.
Role Responsibilities:
Procurement Operations – management of purchase requests, purchase orders and support invoice receipting- Ensure an appropriate requisition and subsequent PO are raised for all suppliers in line with the NO PO No Pay process, and any relevant orders placed on supplier portals where appropriate
- Be able to communicate to both internal stakeholders – accounts payable and purchase requestors
- Manage all open purchase orders and goods receipting activities to agreed timelines, escalating issues and identifying opportunities to reduce cycle times. Be custodians of the procurement policy and best practice including no PO, no pay principles
- Identify opportunities to improve systems towards target state and prioritization to positively influence successful outcomes
- Support Third Party Risk Management with onboarding requests, supplier engagement and due diligence assessments as require
- Provide administration support for onboarding of suppliers on the due diligence technology platform and financial systems as and when required
- Support with maintenance and administration of contract database, ensuring completeness and accuracy of data for reporting purposes
- Support broader central procurement improvement / innovation programs as and when required.
- Deliver effective updates to key business stakeholders throughout the procurement process
- Identify and escalate risks as appropriate
Experience / Competences:
- Degree educated or relevant experience in a Purchase Order management
- Purchase order process and invoice approval management
- Oracle or equivalent system experience
- Experience of a contracts management tool
- Experience of processing medium to high volume purchase orders
- Excellent Microsoft Office skills, in particular Excel
- Demonstrates high levels of energy in seeking out and achieving new goals
- Goes that “extra mile”
- Is a self-starter
- Shows evidence of being comfortable working in fast paced or pressured environments
- Enjoys a challenge and is able to escalate
- Does not give up easily
- Adapts communication style to suit audience
- Projects personal credibility
- Interacts confidently without being overbearing
- Ability to work effectively in a high-pressure environment
- Keeps emotions under control in difficult situations
- Handles criticism constructively
- Able to demonstrate honesty, integrity and professionalism
- Promotes loyalty to TP ICAP and its principles
- Works ethically and shows respect for both professional and company values
- Excellent attention to detail, highly organized with a proactive approach
- Strong analytical ability and problem-solving skills
Job Band and Level:
Support,3