Lloyds Banking Group - Group Sourcing & Supplier Management Graduate Role
Lloyds Banking Group
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, we'll 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 our suppliers and ensuring supplier risks are understood and managed.
As a group, we 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. We collaborate with the businesses to ensure we 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.
We invest our money wisely with suppliers who can help us deliver our mission, which is to create a more sustainable and inclusive future for people and businesses, shaping finance as a force for good. We 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.
We're looking for great people to join our 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?
We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.
What you'll need
- Commercial awareness - the understanding of how businesses operate, make money, and respond to market dynamics. It involves recognising internal and external factors - such as customer needs, supplier markets, cost drivers, and regulatory changes - that influence business decisions and performance.
- Communication Skills - ability to tailor messages to different audiences, from suppliers to senior stakeholders and convey complex ideas clearly.
- Analytical Thinking - using data to support decision-making, evaluate supplier performance and identify opportunities for value creation.
- Stakeholder Management - building trust-based relationships across business units and with external suppliers.
- Problem Solving - tackling sourcing challenges creatively - whether in negotiations, risk mitigation or supplier onboarding.
- Prioritisation and Time Management - managing conflicting deadlines and adapting to shifting priorities in a fast-paced environment.
- Team Collaboration - working effectively in cross-functional teams and contributing to group-based case studies and projects.
- Adaptability and Learning Agility - willingness to step outside comfort zones, learn new tools or concepts and reflect on personal growth.
- A desire to understand more about financial services and a procurement department.
- A strong growth mindset, eager to drive your own development and make the most out of opportunities.
We are unable to offer sponsorship for this role and you must have full, unlimited right to work in the UK.
About working for us
Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we're committed to creating an environment in which everyone can thrive, learn and develop.
We 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.
We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
We 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
Should you have any questions regarding this role please contact campiagnrecruitment@lloydsbanking.com
When to apply
Applications open 2nd October 2025.
We may close applications early if we're flooded with interest. So don't hang about.
This is a once in a career opportunity to help shape your future as well as ours.
