Head of Procurement

Position Overview

• Location Type: London OR UK Remote
• Job Type: Full-time
• Salary: £89,300 - £120,000 + Benefits

Monzo is on a mission to make money work for everyone, moving away from complicated traditional banking. With a decade of growth in the UK, Monzo offers personal and business bank accounts, joint accounts, accounts for 16-17 year olds, a free kids account, and credit cards, with plans for further expansion. Customers can also save, invest, and combine pensions with Monzo. Known for its distinctive hot coral cards, early payday feature, financial education on social media, and award-winning customer service, Monzo focuses on solving problems and changing lives.

This role is for a strategic and visionary Head of Procurement to lead and scale the global procurement function, shaping and maturing Monzo's procurement strategy and optimizing sourcing processes to align with ambitious growth objectives. This is a key opportunity for an experienced procurement professional to lead a critical function within a dynamic, tech-focused bank. The Head of Procurement will lead a high-performing team, drive value, efficiency, and sustainability, and gain comprehensive insights into Monzo's operations through diverse strategic projects, including international market expansions.

Responsibilities

• Leading and defining the strategic direction of Monzo’s procurement function to support business scale and global expansion.
• Developing and managing executive-level relationships with key business partners to align suppliers and procurement strategies with strategic business objectives.
• Collaborating with senior management to achieve optimal commercial outcomes, balancing cost-efficiency with quality, service, and compliance.
• Leveraging data, insights, and reporting to drive prioritization and demonstrate the value of the Procurement function.
• Acting as the senior expert in procurement, commercial strategies, and relationship management, providing thought leadership and strategic guidance.
• Proactively identifying opportunities to leverage technology to evolve Procurement and supplier management.
• Overseeing the identification, onboarding, and management of critical third-party partners.
• Establishing and nurturing long-term, strategic partnerships with key suppliers, focusing on mutual growth and innovation.
• Collaborating with executive leadership across Legal, Compliance, Tech, Finance, Product, and Operations to drive growth initiatives and ensure procurement enables scalable, global business solutions.

Requirements

• Extensive experience in leading procurement functions in high-growth, technology-driven environments, ideally within fintech or other fast-paced industries.
• Proven expertise in navigating complex procurement challenges associated with global expansion, including a deep understanding of regulatory requirements and international market dynamics.
• Significant track record in procurement strategy, sourcing, negotiation, and supplier relationship management.