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Tesco

Principal Portfolio Manager

Location:  Welwyn Garden City, UK
Location flexibility:  2 office days / week
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Job Description

The Principal Portfolio Manager acts as the strategic portfolio partner for one or more Technology Leadership Team members and their Directorates. They are a trusted advisor to senior leaders in Tech and beyond, directly influencing major investment decisions, portfolio priorities and delivery approaches for multiple Technology Directorates. They ensure effective collaboration and constructive challenge between central and directorate teams so portfolios are visible, well understood and aligned with Business and Technology priorities. Partnering with Tech Programme and Product, and business leaders, they drive up the clarity and transparency of investment, priorities, capacity, dependencies, risks and performance to support governance and senior leadership level decision making, per our federated, ‘freedom in a framework' model.

  • Build trusted relationships with Directorate leaders across TLT, Programme, Product and Engineering, and key business stakeholders as appropriate.
  • Planning, governance & leadership support
  • Challenge and shape portfolio strategies, plans and assumptions, using data and insight to drive informed decision making and improved outcomes.
  • Partner with leadership teams across multiple Technology and the business to establish consistent portfolio practices while respecting local business and delivery needs.
  • Represent Directorate portfolios within enterprise portfolio processes, ensuring local considerations are reflected in Technology-wide investment and prioritisation.
  • Collaboration & dependency management
  • Identify and help resolve strategic dependencies across Directorates and enterprise initiatives.
  • functional planning, coordination and delivery confidence across Portfolio, Product, Engineering, Architecture, Finance and People.
  • Portfolio visibility & insight
  • Work with portfolio & PMO teams to maintain a clear, integrated view of programmes, products, investment, resources and dependencies.
  • making.
  • Portfolio maturity & continuous improvement
  • Champion portfolio management best practice across the Directorate and build capability through coaching, guidance and communities of practice.
  • Improve processes, tooling, data standards and operating models, including better use of data, automation and AI.
  • Strong understanding of portfolio management in large-scale, complex technology environments.
  • Significant experience in enterprise-level portfolio management, PPMO, technology governance, strategic planning, or business management within a large, complex organisation.
  • Excellent senior stakeholder management, partnering, influencing, and relationship-building skills across multiple organisational units.
  • Experience working across a variety of product, programme, and engineering delivery models.
  • Strong analytical capability, with the ability to turn complex portfolio information into clear, actionable insight.
  • Experience supporting portfolio planning, investment governance, prioritisation, capacity management, and benefits tracking.
  • Strong facilitation skills in planning, prioritisation, governance, and trade-off discussions.
  • Experience operating at the intersection of Technology and Business functions, translating strategic objectives into portfolio priorities and delivery outcomes.
  • Ability to work effectively across central functions and local Directorate portfolios.
  • Strong understanding of financial governance, benefits management, capacity planning, delivery performance management, and delivery accountability where accountability sits outside direct line control.
  • Experience improving portfolio processes, reporting, governance, tooling, or operating models.
  • Ability to operate with autonomy in ambiguous, complex, and fast-moving environments.
  • Certification in a recognised portfolio, programme, project, or agile delivery methodology would be an advantage.
  • Strong communication skills, creating clarity, alignment, and shared understanding across leadership groups.

You might know us as a supermarket, technology company or even for our award-winning mobile network. Truth is, we’re all of those things, and much more. Our colleagues work with one goal in mind, helping to make every day a little better for our customers, colleagues and communities all over the world. No two customers are the same, neither are our colleagues. At Tesco, we champion a balance that lets you thrive both in and out of work. Spend 60% of your week collaborating with colleagues at our office locations or local sites and the rest remotely. Whether you're just kicking off your career, juggling passions, or navigating big life events, we're here to support you. We always welcome a conversation about flexible working, so talk to us throughout your application about how we can support. We're proud to be an accredited Disability Confident Leader, where everyone’s welcome. That’s why we commit to providing a fully inclusive and accessible recruitment process. If you need support with your application, click here for more information. And if you're interested in joining our team but don't tick every box, don't let that hold you back from applying. When you join us in this role, you'll be employed by Tesco Stores Limited, the Tesco legal entity responsible for your employment.

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Working at Tesco

Hybrid

A little flex time

Company benefits

25 days annual leave + bank holidays
Additional voluntary pension contribution
Adoption leave – 26 weeks full pay (after 52 weeks service)
Annual bonus
Annual pay rises
Bike parking
Buy or sell annual leave
Car allowance
Charity donation scheme
Chill out zone
Cinema discounts
Coffee discounts
Collaboration spaces
Company car
Company freebies
Compassionate leave
Critical Illness Insurance
Cycle to work scheme
Death in service
Dental coverage
Discretionary sick pay
Electric Car Salary Sacrifice
Emergency leave
Employee assistance programme
Employee discounts – 10% off and 15% on pay day weekends
Employee phone programme
Enhanced maternity leave – 26 weeks full pay (after 52 weeks service)
Enhanced paternity leave – 6 weeks full pay (after 52 weeks service)
Enhanced pension match/contribution – up to 7.5% matching
Equity packages
Ergonomic workstations
Eye Care Support
Faith rooms
Family health insurance
Fertility treatment leave
Financial advice
Fully stocked snack cupboard
Gym membership
Health assessment
Health insurance
In house training
L&D budget
Learning license
Learning platform
Legal consults
Life assurance – Five times your pay
Life insurance
Lunch and learns
Meditation space
Menopause support
Mental health first aiders
Mental health platform access
Mentoring
Modern office
On-site barista
On-site catering
On-site gym
On-site personal trainer
On-site shower
On-site wellness room
On-site wellness services
On-site workout classes
Open to compressed hours
Open to job sharing
Open to part time work for some roles
Open to part-time employees
Optional unpaid leave
Paid fostering leave
Paid safe leave
Personal development budgets
Personal development days
Pregnancy loss leave
Private booths
Referral bonus
Religious celebration leave
Relocation packages
Reservist leave
Restaurant discounts
Sabbaticals
Salary advance
Salary sacrifice
Secure on-site parking
Sensory-Friendly Setup
Share options
Skilled worker visas
Sports teams
Study support
Teambuilding days
Theme park discounts
Time off in-lieu
Tree planting
Volunteer days
Wellbeing incentive programme
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