AMS PSR

On behalf of the Bank of England, we are looking for a Commercial Officer - (Inside IR35) for a 12-month contract working on a hybrid basis and with an expectation of 2 days attendance in the London office

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.

The Bank of England is a diverse organisation. Each of its 4,000 people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.

This role of Commercial Category Manager is within the Procurement Division’s Notes team. This role will be part of the team delivering the commercial needs of the Banknote Innovation Programme and you will be supporting the Notes Commercial Business Partners in their respective procurements.

As a Commercial Officer - (Inside IR35), your main responsibilities will be:

The delivery of a pipeline of procurement activity, in collaboration with stakeholders within the Bank and other Procurement colleagues. Activities include supporting the Commercial Business Partner, as well as leading on projects independently as a Commercial Category Manager.

This includes:

• Developing procurement strategies and identifying routes to market
• Supporting business areas in developing specifications
• Producing tender documents including developing detailed award criteria, commercial models and selecting appropriate contract terms
• Managing the subject matter experts’/stakeholders/ through the full procurement process including supporting, advising, training on evaluations, managing conflict and communication.
• Administering the tender period including managing clarifications, co-ordinating bidder briefings and meetings
• Running the evaluation process including leading or supporting scoring moderation meetings and undertaking commercial evaluations
• Drafting and finalising contracts ensuring relevant risks and policies are addressed
• Managing the transition from sourcing to contract management of the live contract with the Contract owner/manager.
• Creating, reviewing, amending, managing approval, and publishing of notices for tendering opportunities and contract awards.

Other responsibilities include:

• Advising the Commercial Business Partner on the strategic direction of the category, by collaborating closely with colleagues across the Bank to understand business area strategies and long-term requirements.
• Providing governance support to ensure compliance with the directions of the Commercial Oversight Group and other management boards. Liaising with professionals in Finance, Environment, Social and Governance, Technology, Cyber, Legal and other areas, to ensure compliance with savings targets and environmental measures, amongst other interactions.
• Supporting the Commercial Business Partner embed effective risk management by implementing risk controls to drive compliance to policy
• Supporting the Commercial Business Partner with the development of commercial competencies across the Bank, through regular engagement and training.
• Driving sustainability in the category, by notably working closely with Subject Matter Specialists
• Working with the Supplier Management team to ensure supplier and contract management best practice is implemented in line with the Bank’s framework
• Providing support to the wider sourcing team to meet peaks in tendering activity.

Minimum Criteria

• Proven track record of managing a complex pipeline of work, delivering innovative commercial solutions through the application of strategic sourcing techniques and use of relevant systems and contracts
• Experience of the end-to-end sourcing process for high value and/or high complexity contracts
• Experience of the Open or Restricted process

PLEASE NOTE:

SC Clearance is an essential requirement for this role, as a minimum you must be willing & eligible to undergo checks. Please note, due to the exceptional requirements of this position (short-term nature of this role and speed at which we require a postholder in situ) preference may be given to candidates who meet all of the essential criteria and hold active security clearance

Essential:

• Procurement & Sourcing Expertise: Proven experience managing end-to-end sourcing, including low-value procurements independently and supporting high-value, complex contracts.
• Public Sector Knowledge: Strong understanding of public procurement regulations, including PCR2015 and the Procurement Act 2023.
• Stakeholder Engagement: Skilled in building and managing relationships with diverse stakeholders, with the confidence to challenge constructively.
• Evaluation & Contracting: Experienced in running evaluations, drafting tender documents, and supporting contract award processes.
• Organisational & Project Management: Demonstrated ability to manage multiple projects simultaneously with excellent planning, time management, and attention to detail.
• Communication & Teamwork: Strong written and verbal communication skills, self-motivated, and effective both independently and in collaborative team environments.

Desirable Criteria

• Experience of e-procurement systems (for example Proactis, Oracle).
• Supplier and/or contract management expertise (post-contract award).
• Experience of negotiation / dialogue
• CIPS

Please be aware that this role can only be worked within the UK and not Overseas.

Our Approach to Inclusion

The Bank values diversity, equity, and inclusion. We play a key role in maintaining monetary and financial stability, and to do that effectively, we believe we need a workforce that reflects the society we serve.

At the Bank of England, we want all colleagues to feel valued and respected, so we're working hard to build an inclusive culture which supports people from all backgrounds and communities to be at their best at work. We celebrate all forms of diversity, including (but not limited to) age, disability, ethnicity, gender, gender identity, race, religion, sexual orientation, and socioeconomic status. We believe that it’s by drawing on different perspectives and experiences that we’ll continue to make the best decisions for the public.

Disability Confident 

As a member of the Disability Confident Scheme, the Bank of England guarantees to interview all candidates who have a disability and who meet all the essential criteria for the vacancy. In cases where we have a high volume of candidates who have a disability who meet all the essential criteria, we will interview the best candidates from within that group. This scheme encourages candidates with a disability and/or neurodivergence to apply. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

Armed Forces Covenant 

The Bank of England guarantees to interview veterans or spouses / partners of military personnel who meet all the essential criteria for the vacancy. In cases where we have a high volume of ex-military candidates / military spouses or partners, who meet all of the essential criteria, we will interview the best candidates from within that group. In exceptional circumstances, we may also need to apply the desirable criteria in our shortlisting process which may include holding active security clearance.

In applying for this role, you acknowledge the following "this role falls in scope of the Off Payroll Working in the Public Sector legislation. Any rates of payment quoted will reflect the gross rate per day for the assignment and will be subject to appropriate taxes and statutory costs. As such the payment to the intermediary and your income resulting from this contract will be different".