Group Sourcing & Supplier Management Graduate Scheme

About this opportunity
Procurement is the process of acquiring goods, services, or works from external sources, typically through a structured and strategic approach that includes identifying needs, selecting suppliers, negotiating contracts, and managing supplier relationships to ensure value for money and compliance. Within Lloyds Bank, we split procurement into sourcing which is from identifying needs to negotiating contracts and supplier management which focuses on supplier relationships once contracts are agreed. The opportunity is for graduates looking to develop their career within sourcing and supplier management within a major blue-chip organisation.

Throughout your initial 12 months, Lloyds will provide training, mentoring, and ongoing coaching to develop your skills. You'll have 2 x 6-month placements across Sourcing and Supplier Management, ensuring you get a breadth of experience negotiating with suppliers and agreeing contracts as well as managing relationships with their suppliers and ensuring supplier risks are understood and managed. Their work style is hybrid, which involves spending at least two days per week, or 40% of your time, at the Edinburgh or Bristol hubs.

As a group, Lloyds spend significant values with thousands of third-party suppliers, who support the provision of a diverse and complex range of products and/or services, operating as an extension of the group. Group Sourcing and Supplier Management (GS&SM) play an important role in both cost efficiencies and revenue generation. They collaborate with the businesses to ensure they understand their real needs and can share with them the supply market dynamics, to assist them with making informed decisions on the goods and services that the Group acquires.

They invest our money wisely with suppliers who can help them deliver their mission, which is to create a more sustainable and inclusive future for people and businesses, shaping finance as a force for good. Lloyds want to go further than ever before and become a purpose driven organisation, so that every decision we make, big and small, truly and delivers the right outcomes for customers, communities and colleagues.

Lloyds are looking for great people to join their team. You'll gain industry knowledge and improve skills in communication, negotiation, collaborator management, personal impact, and specialised expertise in your chosen field.

Why Lloyds Banking Group?
Lloyds are on an exciting journey to transform their Group and the way they're shaping finance for good. They're focusing on the future, investing in their technologies, workplaces, and colleagues to make their Group a great place for everyone. Including you.

About working for Lloyds
Their ambition is to be the leading UK business for diversity, equity and inclusion supporting their customers, colleagues and communities and they're committed to creating an environment in which everyone can thrive, learn and develop.

They were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

They also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies
• Hybrid working