Onyx Capital Group was founded, by traders, on the principles of expertise, vision and excellence. Our ambition extends beyond market leadership - we strive to create a distinct, forward-thinking franchise that consistently challenges industry norms. We recognise that success is driven by an uncompromising pursuit for excellence, and this is reflected in our people and investment in cutting-edge technology.
Over the past eight years, the company has experienced rapid growth, evolving into a global player across the full spectrum of energy derivative products, and expanded internationally. For the period ending 31 December 2024, Onyx reported revenues of £247 million and achieved an EBITDA of £44 million, and has a presence in four locations (London, Dubai, Singapore and Zug).
We are currently seeking a motivated Procurement Manager to assist with value-driven procurement to support our continued growth and operational excellence.
The importance of the role:
Jointly reporting to the Head of Strategic Finance and Head of Tax, this role will be pivotal in sourcing and optimising the value of goods (e.g. office, data & subscriptions, etc.) and services (e.g. consultants, financial products, etc.) used across the firm.
The role also offers a unique opportunity to shape the future of procurement strategy and governance across a global organisation. The successful candidate will bring both strategic procurement expertise and a hands-on approach to vendor and contract management, operating effectively within a regulated environment.
Primary responsibilities:
- Conduct value-for-money reviews on existing subscriptions, contracts and purchases to challenge, maximise value and/or reduce spend where appropriate.
- Develop and implement a procurement strategy, policies and controls that ensure regulatory compliance, tax efficiency and alignment with group objectives.
- Own and manage the procurement pipeline, including tracking contract expirations in anticipation of renegotiations, changes in scope/providers and obtaining new quotes.
- Research and identify the optimal mix of products/suppliers on value, delivery and quality.
- Lead tenders, evaluate bids and make recommendations based on commercial and value factors.
- Negotiate and formalise contracts - liaising with suppliers and internal teams (e.g. trading, advisory, support functions, etc.).
Secondary responsibilities:
- Forecast price trends and their impact on future activities.
- Build and maintain good relationships with new and existing suppliers.
- Develop strategies to achieve or exceed cost savings and supplier performance targets.
- Analyse procurement related data to produce regular reports on savings and spend metrics.
- Support logistics and tax planning relating to global procurement.
- Proven experience in procurement, ideally within financial services.
- Strong knowledge of UK procurement regulations, frameworks and procedures.
- Expertise in tendering, contract negotiation and supplier relationship management.
- Ability to build cross-functional relationships across all levels within the organisation, including but not limited to the finance, tax and legal functions.
- Chartered Institute of Procurement & Supply (CIPS) qualified or working towards a recognised procurement accreditation is desirable.
- A competitive base salary and performance-linked bonus structure.
- Pensions scheme, private medical insurance and life assurance.
- Opportunity to shape and scale a key function with support from cross-functional teams and exposure to senior leadership.
- A high-calibre, entrepreneurial team environment where innovation, agility and accountability are valued.
This role is fully office-based, 5 days per week.