Procurement Sourcing Specialist at Stanbic IBTC Bank

Stanbic IBTC Bank - If you are really committed to building your future career, then you need to work with a bank that has earned an unrivaled global reputation for trust, innovation, and service. As the largest bank in Africa, we now operate in 38 countries worldwide focusing on emerging market opportunities

We are recruiting to fill the above position of:

Job Title: Procurement Sourcing Specialist
Job ID: 11166

Job Description

    To work as agreed with the Head, Procurement on major Sourcing initiatives as well as identify, develop and execute commercial solutions
    To create a commodity specific best in class sourcing leadership to the organization by benchmarking new processes, approaches, and technology that will continually drive improvements on performance and business results, maximizing value to the organization.
    To take responsibility for the development and implementation of effective category strategies across the appropriate lines of business or the entire enterprise.
    To research, identify and analyze current and emerging procurement trends, develop a deep understanding of market conditions, develop proposed supply chain solutions focusing on total cost of ownership and Supplier Diversity.
    To build and leverage strong working relationships with internal customers and key suppliers to assure cost, quality, and delivery targets are met.
    To create and communicate a vision of potential opportunities with enthusiasm, and rally support for that vision while motivating others.
    Contribute to achievement of the development of a pool of local suppliers

Key Responsibilities

    Ensure that Total Cost of Ownership targets are met and/or exceeded
    Drives for early Strategic Sourcing involvement in the project lifecycle to better influence strategy and results through the establishment of a commodity specific Category Advisory boards.
    Develops and implements effective category strategies across the appropriate lines of business and/or the entire enterprise.
    Develop sourcing strategies and market approach, negotiating “best in class” commercial solutions aligned to business drivers or delivering specified components thereof.
    Undertake defined aspects of key commercial activities necessary to support delivery of the commercial solution (e.g. Contract Due Diligence) – undertake relevant analysis as required at key stages of the sourcing process.
    Manage the handover of commercial arrangements into live operation post contract award.
    Develops presentations and presents recommended commercial and sourcing solutions in a clear, concise, and effective manner to leadership to gain understanding and support
    Researches, identifies, and analyzes current supplier and market trends
    Benchmarks new processes, approaches, and technology that will continually drive improvements on performance and business results
    Contributes to the development of the strategic sourcing vision (strategic 5-year plan) and annual operating plan. Sets and re-evaluates priorities in accordance with business needs and expectations.
    Builds and leverages strong working relationships with internal customers and key suppliers
    Assist in developing supplier scorecards that measure performance against key requirements and obligations
    Assist in the development of Supplier Diversity opportunities by identifying new and/or alternative suppliers
    Develops and leads implementation of supply chain process improvements
    Knowledge sharing with sourcing colleagues, supporting new ways of working and assist with the development and implementation of new tools and techniques
    Work cross-functionally to establish and maintain working relations with other parts of the Group, influencing as needed to deliver role outputs
    Work with Head, Procurement to plan approach to market, drawing up timelines and personal task management sheets to achieve agreed objectives. Report on project status while maintaining all management activities on a day-to-day basis
    Ensure sourcing is in line with organisational and external governance (i.e. FICA)
    Support and contribute to team building and team dynamics through personally displaying leadership and team attributes
    Embrace new ways of working with Sourcing Colleagues and wider community, helping to embed new ways of working and cultural changes

Required Skills and Qualifications
Qualification and Experience

    Bachelor's degree with at least 8 years cognate work experience in procurement, contract and supply chain management
    Extensive knowledge of Sourcing and Supplier Management techniques
    Excellent relationship management skills
    Attention to detail and ability to assimilate, appraise and extract information quickly when faced with numerous ad hoc queries.
    Problem solving skills to analyse information to evaluate internal and external demand and external supplier information and extract critical cost opportunities.
    Negotiations skills
    Procure- to-Pay competence
    Risk Management and project management skills
    The ideal candidate must have Logistics and Facilities experience, planning and buying experience
    Sourcing or relevant commercial experience in excess of 5 years
    Required Competencies
    Personal competencies
    Deciding and initiating action
    Working with people
    Relating and Networking
    Persuading and influencing
    Adapting and responding to change
    Coping with pressures and setbacks
    Applying expertise and technology
    Presenting and organising information

Key Relationships

    Relationships with stakeholders of commodity portfolio under their management which includes; Directors and Senior Staff across functional and hierarchical boundaries.
    The incumbent is responsible establishing, brokering and leveraging a wide and diverse span of relationships and alliances across functional boundaries within the Provincial Management and the head office specialist/ support network which is fundamental to the attainment of integration, coordination, budgetary control and commitment needed to achieve objectives and prompt problem resolution.
    Suppliers, limited to services rendered specific to the commodity portfolio under their management which includes engagement with but not limited to; Directors, Sales Managers, Business Owners etc.
    Commodity specific – engagement with;
    Procurement Managers, Commodity Managers, MIS Manager, The Policies and Contracts Manager, The Logistics Manager, the Finance Manager, the Supply Chain Director.
    Financial Shared Services, Internal Audit Department and Group Legal.
    Professional Bodies like IPSA and SAPICS.

Application Closing Date
30th April, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online


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