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  • Posted: May 20, 2021
    Deadline: Not specified
  • 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...
    Read more about this company


    Commodity Specialist

    Job Purpose

    • To analyse; identify; source; negotiate and manage the procurement process while mitigating risks and ensuring regulatory compliance and develop and implement commodity strategies aligned with Group's strategy and build relationship with stakeholders.

    Job Responsibilities

    • Analyse trends by reviewing management information.
    • Assisting stakeholders with budget forecasting by providing commodity information.
    • Identifying opportunities to develop sourcing strategy that will result in cost saving by benchmarking and negotiating with internal and external stakeholders.
    • Ensure that preferential procurement BBBEE targets are aligned to the Financial Sector Charter (FSC) as determined by the Department of Trade and Industry code of good practice.
    • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
    • Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
    • Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
    • Develop and maintain policies by understanding and collaborating with stakeholders to determine practical processes.
    • Mitigating risks by ensuring that policies and regulatory and industry governance requirements are adhered to.
    • Selection of preferred suppliers by conducting a tender or quotation process.
    • Drafting and signing of contracts by liaising with Group Legal and stakeholders.
    • Ensuring SLA's are met through end to end management of the contract (includes supplier relationship and performance management).
    • Measure local procurement and environmental objectives against Nedbank's transformational objectives by conducting surveys or reviewing management information.
    • Identifying business requirements by engaging with internal stakeholders to understand business needs.
    • Collaboration with stakeholders to implement the sourcing strategy by coordinating workshops; presentations and meetings.
    • Exchange of information between stakeholders to achieve the procurement objective by sharing management information.
    • Manage and maintain internal and external stakeholder relationships by conducting regular engagements. Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters; websites and attending sessions.
    • Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
    • Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
    • Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
    • Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.

    People Specification

    • Essential Qualifications - NQF Level
    • Advanced Diplomas/National 1st Degrees

    Preferred Qualification


    Essential Certifications
    Preferred Certifications
    Type of Exposure

    • Working with a group to identify alternative solutions to a problem.
    • Managing conflict situations
    • Sharing information in different ways to increase stakeholders understanding
    • Comparing two or more sets of information
    • Review cost against a budget
    • Capturing data
    • Building and maintaining effective relationships with internal and external stakeholders
    • Managing customer expectations
    • Interacting with suppliers
    • Working in a fast-paced environment

    Minimum Experience Level

    • 3 years' experience within the Short Term Insurance procurement space (preferably Non-Motor / Home Owners).

    Technical / Professional Knowledge

    • Administrative procedures and systems
    • Banking knowledge
    • Banking procedures
    • Business principles
    • Business terms and definitions
    • Data analysis
    • Relevant regulatory knowledge
    • Relevant software and systems knowledge
    • Governance, Risk and Controls
    • Behavioural Competencies
    • Decision Making
    • Continuous Improvement
    • High-Impact Communication
    • Managing Work
    • Sustaining Customer Satisfaction
    • Technical/Professional Knowledge and Skills

    Method of Application

    Interested and qualified? Go to Nedbank on to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

  • Send your application

    View All Vacancies at Nedbank Back To Home

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