Vanquis Banking Group Report August 2024 | Page 10

VANQUIS BANKING GROUP “ It ’ s the to and fro-ing of the negotiation and the success in finding a happy path , a happy medium .” He ’ s a procurement professional with a knack for finding the happy medium it seems , bringing siloed departments together and fostering newfound collaboration across Vanquis Bank .
When Steven was promoted to Senior Procurement Manager in 2012 he was given two more departments to manage which needed transforming as well . “ I found that there were a lot of efficiencies that I could add to put my stamp on those departments .” He also saw an opportunity to become Head of Procurement for that division when the previous head moved to another department in 2014 .
In 2015 , Steven fulfilled this ambition , working to redevelop procurement procedures and processes to enhance business value . One area he focused on was reducing the amount of siloed divisions and departments . “ Because the business had five siloed divisions , we had three procurement departments ,” He explains . “ They ran independently for three separate consumer credit businesses .”
To tackle this plethora of siloed departments Steven forged a threeyear plan , brought it to the board , and promised to deliver if given the role of Group Head of Procurement .
The board agreed and in 2020 Steven started his plan , unifying
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