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Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
Job Purpose
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
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