Strategic Supplier Value Lead

Location: London, United Kingdom; office-based for the majority of the working week with regular in-person contact required.

Company

M&G provides asset management, insurance, savings, and investment solutions through its Asset Management and Life segments.

What you will do

• Manage a named portfolio of around ten strategic suppliers and lead annual portfolio reviews and prioritisation.
• Build supplier value agendas and convene M&G business unit CEOs and leaders with supplier executive teams.
• Originate and shape innovation, joint savings, co-investment, capability, benchmarking, and network insight opportunities.
• Build business cases covering net value, costs, dependencies, risks, total cost of ownership, and budget impact.
• Hand qualified opportunities to Technology or Services Procurement teams for negotiation and contracting, supporting them through to close.
• Track realised savings, cost avoidance, co-investment, innovation adoption, and benchmark insight using group spend data, Power BI dashboards, and AI tools.

Requirements

• Substantial experience in a senior commercial, strategic sourcing, strategic partnerships, or consulting role, with a record of originating value that was subsequently realised.
• Credibility with chief executives and senior leaders, including convening stakeholders across organisational boundaries without formal authority.
• Strong commercial judgement and understanding of supplier economics and commercial models.
• Experience building business cases, including net value, total cost of ownership, and budget impact.
• Comfort with joint value attribution and succeeding through other people’s deals.
• Ability to use spend data and management information to form an enterprise view of supplier relationships.
• Ability to work from the London office for the majority of the working week.
• Conventional supplier relationship management or vendor performance backgrounds should note that the role does not include service delivery ownership, supplier performance management, contract management, vendor governance, escalation handling, negotiation, contracting, or renewal authority.

Nice to have

• Experience in a regulated environment such as financial services or insurance.
• Experience working with large technology, outsourcing, or professional services suppliers at executive level.
• Experience with Power BI or similar analytical tools.
• CIPS or an equivalent professional qualification.

Culture & Benefits

• Flexible working arrangements and workplace adjustments are available.
• Pension scheme of up to 18%, including up to 13% employer contributions and 5% employee contributions.
• Share Save, Share Incentive Plan, financial wellbeing support, and 38 days of annual leave including bank holidays, with the option to purchase five additional days.
• Time Off When You Need It policy and comprehensive paid parental leave covering maternity, adoption, surrogacy, and paternity leave.
• Private healthcare, critical illness cover, life assurance, family options, inclusive employee networks, and development support.

Hiring process

• Reasonable adjustments can be requested at any stage of the application process.
• Applicants may indicate participation in the Disability Confident initiative and can contact careers@mandg.com for additional support.