Category Manager at Nedbank

To establish; lead and direct the execution of strategic sourcing functions for the procurement categories in line with the Nedbank strategy.

Job Responsibilities

• Identify synergies, strategy and innovative ways to achieve the strategic objectives and economies of scale Total Cost of Ownership (TCO) through demand management and optimising existing spend.
• Identify cost benefit opportunities by reviewing, analysing, interpreting and reporting on supplier spend data.
• Understand and monitor competitiveness of suppliers by analysing market benchmarks.
• Provide stakeholders with category cost information to assist with budget forecasting
• Manage the supplier relationships by understanding supplier objectives, strategic plans, business spectrum and industry influences.
• Formulate, implement, manage and monitor an action plan aligned for category suppliers with internal stakeholders to enhance strategic supplier relationships.
• Build collaborative relationships across Nedbank and with the group affiliates to identify, develop and influence joint synergies on procurement strategies.
• Enable effective conflict management resolutions for the category by engaging with stakeholders.
• Enable strategic partnerships by monitoring key expectations of stakeholders and building long term relationships.
• Educate commodity specialists and others by coaching and mentoring on procurement related functions.
• Execute the sourcing life cycle by adhering to the internationally recognised strategic sourcing process i.e. diagnostic preplanning, opportunity identification, select sourcing strategy, implement sourcing strategy, go to market, track results and on-going supplier management.
• Fulfil business requirements and benchmarking by directing and conducting requests for information, proposals, quotations and auctions (RFx).
• Create, define and manage category sourcing strategy based on risk assessment, market analysis, financial indicators, contingency plans, business objectives, regulatory compliance in collaboration with all stakeholders by using relevant methodologies. e.g. SWOT, PESTLE, PORTERS 5 and KRALJIC model.
• Achieve category strategy by ensuring supplier catalogues are created, implemented and maintained and non catalogue orders are managed.
• Provide a procurement query resolution service to effectively deal with procurement queries.
• Mitigate risk by managing the Nedbank due diligence process and initiating and conducting supplier audits according to the globally defined framework.
• Develop frameworks for interaction with suppliers by guiding and creating awareness of the governance processes.
• Develop and lead cross functional sourcing by establishing category advisory boards to improve compliance and increase costs benefits.
• Ensure transformational targets are met for own team through consideration of targets during the staff recruitment, retention and training process and utilising suppliers listed on the preferred supplier list.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
• Achieve operational excellence by supporting the implementation of business optimisation improvement through team engagement.
• Encourage team to generate innovative ideas and share knowledge.
• Manage, direct, influence the category to ensure that preferential procurement BBBEE targets are achieved in line with Financial Sector Charter (FSC) as determined by the Department of Trade and/or industry code of good practice and Nedbank's targets.
• Ensure the appointment of Black Owned / Black Woman Owned suppliers for Category to achieve FSC / Nedbank /- delete DTi codes of good practice targets.

Minimum Experience Level

• 10 years in procurement industry with 5 years at senior management level managing others.

Essential Qualifications - NQF Level

• Business Degree, M-CIPS

Preferred Qualification

• Certified Institute of Purchasing and Supply (CIPS) /M-CIPS

Preferred Certifications

Type of Exposure

• Managing a team of people
• Creating a business plan
• Implementing a strategic plan
• Investigating and reviewing processes to improve client satisfaction
• Handling large spend value
• Assuming a key leadership role
• Managing business risks
• Negotiating contracts
• Selling new ideas and concepts to stakeholders

Technical / Professional Knowledge

• Business administration and management
• Change management
• Client service management
• Communication Strategies
• Financial Accounting Principles
• Governance, Risk and Controls
• Relevant regulatory knowledge
• Service level agreements
• Strategy Sourcing

Behavioural Competencies

• Building Partnerships
• Decision Making
• Facilitating Change
• Influencing
• Business Acumen
• Guiding Team Success
• Driving for Results
• Planning and Organizing