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 prioritisation to positively influence successful outcomes

• Procurement support activities – general support to broader procurement organisation.

• Support Third Party Risk Management with onboarding requests, supplier engagement and due diligence assessments as required

• 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

Communication and Leadership

• Deliver effective updates to key business stakeholders throughout the procurement process

Change, Risk and Issue Management

• 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

Job Band and Level: Support,3

#PARAMETA #LI-Hybrid #LI-ASO

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. 

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