The job holder will be expected to work with Operations management and other stakeholders to ensure that initiatives are aligned to the Group's strategic objectives whilst managing risks to within the established Group risk appetite.
To lead Procurement, Outsourcing and Vendor Management activities holistically across the ABC Group.
This position is responsible for the direction and management of the Group's procurement activities, The position will build and develop its existing procurement functions which will add value through the identification of efficiency and synergy opportunities across the Group's in order to deliver cost savings and efficiency.
To embed an effective procurement and contract management culture across the Group. The job holder is responsible for the development and implementation of procurement goals, policies, procedures, and standards within the scope of existing laws and company authority.
To develop effective business planning and financial and risk management in procurement activities in support of our business objectives.
The job holder will therefore communicate procurement initiatives and concerns; participate in large-scale negotiation; prepare and monitor operational budget requirement; develop and communicate strategic sourcing initiatives; and formulate and execute global and local procurement strategies.
Principal Responsibilities, Accountabilities and Deliverables of Role:
Reporting to the Group Chief Operating Officer team the job holder will:
Develop and fosters relationships at the executive level cross-functionally as well as with internal and external stakeholders
Serve as principal advisor to executive leadership and management for all procurement activities
Drive the development of the procurement strategic and tactical plans and category goals and objectives;
Define performance expectations and savings goals for the procurement organization
Be accountable for procurement risk identification and evaluation as well as the introduction and decision of appropriate measures
Provide direction and management support to staff involved in procurement activities
Remain informed of procurement and industry standards and practices
Ensure compliance with procurement policy and procedures
Establish and execute Internal and external monitoring procedures
Communicate procurement initiatives and concerns across the company
Prepare and ensure adherence to operational budgets
Oversee and participate in formal supplier negotiations, as required
Develop and deploy relevant Key Performance metrics to drive a consistent, rigorous and on-going assessment of the Group's procurement activities,
Implement procurement process improvement initiatives using recognised industry concepts e.g. Lean / Six Sigma,
The job holder will play a key role in ensuring the delivery of organisational change and process improvements in order to reduce costs and increase value for the Group from its procurement activities.
Knowledge of current principles, practices and methods, and laws, rules and regulations pertaining to supply chain management and Outsourcing
Knowledge of business unit requirements and specifications
Knowledge of supply market research methods
Knowledge of standards and evaluation methods used to assess the quality and value of goods and services
Familiarity with and exposure to continuous improvement Methodologies
Education / Certifications
Member of the Chartered Institute of Purchasing and Supply or equivalent body
BA or BSc degree.
10+ years of experience of managing or leading a procurement function preferably within the Banking industry with a proven track record in leading business process transformation
Strategic orientation, inquisitive, comfortable with ambiguity, and self-motivated to identify trends and improvement opportunities aligned with business objectives and strategic plans
Strong executive presence, demonstrated leadership and collaboration skills with ability to build effective relationships and influence peers and key stakeholders
Demonstrated strength and ability to organize and lead multiple dynamic and cohesive teams
Strong project management skills with ability to plan tasks, assign resources, manage progress, remove barriers, manage change, resolve conflict, build consensus, and motivate team members across multiple projects
Excellent verbal and written communication skills with the ability to tailor messages to the given audience, present information in a clear and concise manner, apply creative approaches to engage audiences, manage change, resolve conflict, and build consensus
Recognition inside and outside of the company for depth and breadth of procurement knowledge
Passion for innovation and improvement for organization systems, processes, and procedures
Strong leadership and influence skills that inspire trust, collaboration, and operational excellence
Strong customer focus and willingness to champion changes in support of the overall improvement of the procurement function
Ability to determine favorable procurement processes and coordinate supply chain activities to secure the best value for the sourced categories
Ability to negotiate, influence, and advise effectively, both verbally and in writing
Ability to oversee competitive bid analysis and evaluation for the procurement of goods and services