Banking Services Portfolio Manager

Job Description:

Job Title Banking Services Portfolio Manager, Strategic Procurement

Location London

Corporate Title Director

Strategic Procurement in the Global Procurement and Vendor Management team (GPVM) is responsible for the ongoing Sourcing and Category Management of circa €6bn of external third-party expenditure. The team collaborates across the Bank to drive innovation, maximise value opportunities, improve performance and risk management and also manages all commercial aspect of contracts to protect value by minimising risk of commercial loss, through negating commercial disputes.

As Portfolio Manager you will be high-performing Director looking to use expertise to focus on business and supplier engagement, people development, delivery against objectives and projects, and process improvements.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:  

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them

• Competitive salary and non-contributory pension

• 30 days’ holiday plus bank holidays, with the option to purchase additional days

• Life Assurance and Private Healthcare for you and your family

• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits

• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Engage with the Corporate Bank, Investment Bank, Private Bank, wider business areas, and suppliers to develop value-led, joint strategic account plans, product, and service roadmaps ensuring that maximum value is being driven from the sourcing process along with developing supplier relationships and collaborating with suppliers to identify and drive innovation.

• Manage (direct or matrix) a team of professional Sourcing Managers.

• Lead the development of Category strategies with business stakeholders with a view to communicating a clear and collective vision to generate value.

Your skills and experience

• Experience in Financial Services, specifically Investment, Corporate or Private Banking including procurement of Banking Software and Operations.

• In-depth understanding of management/service delivery from third parties and experience leading global strategic supplier management relationships with organisations with high levels of complexity. Ability to engage and influence senior stakeholders.

• Demonstrable team player with strong interpersonal and management skills.

• Strategic agility necessary to create competitive and breakthrough strategies.

• Strong sourcing and governance focus with excellent negotiation skills. Professional certification beneficial, Member of the Chartered Institute of Procurement and Supply (MCIPS) or similar, good knowledge of contract law (United Kingdom, Germany, United States and/or international)

• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

How we’ll support you

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• e.g. We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.