IT Sourcing Specialist

Posted 8 Days Ago
Be an Early Applicant
London, Greater London, England, GBR
In-Office
39K-45K Annually
Mid level
Fintech • Software • Financial Services
The Role
The IT Sourcing Specialist manages sourcing and contracting strategies for IT categories, oversees supplier spend, and ensures projects are delivered on time, within budget, and to quality standards. Responsibilities include stakeholder management, negotiating contracts, and ensuring compliance with procurement standards.
Summary Generated by Built In

IT Sourcing Specialist

Division: Operation
Department: Procurement

  • Salary: National (Edinburgh and Leeds) ranging from £39,100 to £42,000 and London from £41,600 to £45,000 (salary offered will be based on skills and experience)

  • This role is graded as: Associate - Level 8 - Corporate

  • Your external recruitment contact is Raimonda via [email protected].

  • Your internal recruitment contact is Fizah via [email protected]

  • Applications must be submitted through our online portal. Applications sent via social media or email will not be accepted.

About the FCA and team 

We regulate financial services firms in the UK, to keep financial markets fair, thriving and effective. By joining us, you’ll play a key part in protecting consumers, driving economic growth and shaping the future of UK finance services. 

Operations provides the platform and tools to enable the organisation to deliver on its statutory objectives. We work in partnership with the rest of the organisation to provide specialist support across a wide range of areas to deliver quality services and value for money.

Procurement sits within the Finance and Corporate Services Directorate and works with departments across the FCA to source goods and services (£300m annual spend) required from third parties. We are responsible for ensuring procurements deliver contracts to agreed time, budget and quality, which are compliant with Public Procurement Regulations.

Role responsibilities

  • Deliver sourcing and contracting strategies across a portfolio of IT categories (including cloud services and end user computing) in line with the FCA procurement strategy

  • Lead low risk/low complexity sourcing activity end-to-end (e.g., RFx, supplier negotiations, contract drafting/renewals), ensuring policy compliance, minimum standards and alignment to business needs

  • Manage external supplier spend and drive value through strong commercial judgement, market awareness and effective sourcing/contracting approaches

  • Ensure procurement projects meet objectives—delivered on time, within budget and to required quality standards, managing moderate complexity/risk renewals and sourcing projects

  • Use and promote FCA procurement systems and processes, delivering work consistently with FCA procurement standards and governance

Skills required

Minimum:

  • End-to-end procurement understanding: Able to scope business requirements, plan sourcing projects, produce tender documentation and follow appropriate project governance

  • Experience running simple procurement exercises: Confident liaising with stakeholders, issuing tenders, evaluating responses and producing contract documents using templates

  • Systems & development mindset: Working knowledge of procurement/purchasing systems and willingness to work towards a relevant qualification

Essential:

  • Clear, concise communication (written and verbal), able to explain complex issues succinctly to audiences at all levels

  • Strong stakeholder management & influencing skills, building rapport with senior stakeholders and challenging constructively when needed

  • Cross-functional collaboration, comfortable working with teams such as Legal, Finance, Risk, IT and other specialist functions

  • Commercial & negotiation capability, applying market/industry insight to deliver tenders, negotiate contracts and drive value/innovation

  • IT category awareness, ideally with knowledge of cloud services and end user computing (or ability to learn quickly)

  • Sound judgement & business acumen, able to cut through complexity, make timely decisions and keep focus on the bigger picture

  • Organisational resilience & delivery focus, able to prioritise/multitask under pressure with a methodical, detail-oriented approach and strong customer service mindset

Benefits

  • 25 days annual leave plus bank holidays

  • Non-contributory pension (8–12% depending on age) and life assurance at eight times your salary

  • Private healthcare with Bupa, income protection and 24/7 Employee Assistance

  • 35 hours of paid volunteering annually

  • Hybrid model where employees work a minimum of 40% in the office each month (expectation of 50% for senior leaders). Changing from September to a minimum of 50% in the office each month (expectation of 60% for Directors and Executive Directors) 

  • A flexible benefits scheme designed around your lifestyle

For a full list of our benefits and our recruitment process as a whole visit our benefits page.

Our values and culture

Our colleagues are the key to our success as a regulator. We are committed to fostering a diverse and inclusive culture: one that’s free from discrimination and bias, celebrates difference and supports colleagues to deliver at their best. We believe that our differences and similarities enable us to be a better organisation – one that makes better decisions, drives innovation and delivers better regulation.

If you require any adjustments due to a disability or condition, your recruiter is here to help - reach out for tailored support.

We welcome diverse working styles and aim to find flexible solutions that suit both the role and individual needs, including options like part-time and job sharing where applicable.
Disability confident: our hiring approach
We’re proud to be a Disability Confident Employer and therefore, people or individuals with disabilities and long-term conditions who best meet the minimum criteria for a role will go through to the next stage of the recruitment process. In cases of high application volumes we may progress applicants whose experience most closely matches the role’s key requirements.
 

Useful information and timelines

Timeline:

  • Job advert closes: Midnight, 20th May 2026

  • CV Review/Shortlist: 22nd May 2026

  • Interview: w/c 1st June 2026

  • Your Recruiter will discuss the process in detail with you during screening for the role, therefore, please make them aware if you are going to be unavailable for any date during this time. 


Skills Required

  • End-to-end procurement understanding
  • Experience running simple procurement exercises
  • Working knowledge of procurement/purchasing systems
  • Clear, concise communication skills
  • Strong stakeholder management & influencing skills
  • Cross-functional collaboration experience
  • Commercial & negotiation capability
  • Knowledge of IT categories, ideally cloud services
  • Sound judgement & business acumen
  • Organisational resilience & delivery focus
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The Company
HQ: London
5,214 Employees
Year Founded: 2013

What We Do

We work to ensure financial markets work well for individuals, for businesses and for the economy as a whole. We do this by: - regulating the conduct of approximately 50,000 businesses - prudentially supervising 48,000 firms - setting specific standards for around 18,000 firms We were set up on 1 April 2013, taking over conduct and relevant prudential regulation from the Financial Services Authority (FSA). Our Head Office is based in London, and we work across the UK, from our office in Edinburgh and via colleagues in Belfast and Cardiff. Firms and individuals must be authorised or registered by us to carry out certain activities. Before we grant authorisation, firms must demonstrate that they meet a range of requirements. We then supervise these firms to make sure they continue to meet our standards and rules after they’re authorised. If firms and individuals fail to meet these standards, we have a range of enforcement powers we can use. We work alongside the Prudential Regulation Authority (PRA), the prudential regulator of around 1,500 banks, building societies, credit unions, insurers and major investment firms.

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