Sourcing Specialist (Commodity Lead- Facilities) at Rand Merchant Bank

To partner with Business by providing support with procurement negotiations and processes.

Responsibilities:

• Source, negotiations with vendor and business
• Provide guidance to business, for example on discounting and contracting
• Take responsibility for the end-to-end management of RFP and RFI processes
• Continually evaluate the effectiveness of current systems and processes with a view to increasing efficiencies; implement changes and monitor the effectiveness thereof

IT and Market Data

•  Manage the billing, allocation and sourcing of markets data services
•  Report on compliance and non-compliance regarding usage to service providers (Reuters, Bloomberg, etc.)
• Co-ordinate billings for existing contracts
• Sets up new contracts
• Negotiate with vendors and apportion allocation based on usage and agreed recovery models with in business
• Facilitate the procurement of services according to focus area, e.g. BT services or source, negotiations with vendor and business.
• Provide guidance to business, for example on discounting and contracting
• Take responsibility for the end-to-end management of RFP and RFI processes
• Continually evaluate the effectiveness of current systems and processes with a view to increasing efficiencies; implement changes and monitor the effectiveness thereof
• Participate in budgeting processes from both a commercial and financial perspectives in terms of understanding and planning for business demand and priorities and deciding with the business how items or services are to be acquired
• Report any policy breaches and associated Risk to the relevant BU’s
• Initiate dialogue to build professional working relationships with all stakeholders, displaying excellent abilities to listen, advise, influence negotiate and present at all levels
• Lead and facilitate difficult conflict situations into consensual agreements
• Integrate opinions and information provided by various sources to make strategic decisions
• Adapt communication styles to meet the needs of different audiences
• Continually scan the industry to identify opportunities to create strategic partnerships with key individuals and bodies
• Find opportunities to leverage relationships and promote knowledge sharing, ideas and insights

Qualifications:

 Relevant Degree

•  3+ years’ procurement, IT sourcing and financial experience
•  Experience in negotiating large-scale contracts in a CIB environment would be preferable

Technical Pre-requisite

•  Able to read and interpret contracts Knowledge of clients’ BT requirements
• Need to understand contracts
• Microsoft Office with Advanced Powerpoint
• IT Contacts    

Competencies

• Influencing and Impact (incl. Negotiation) - capacity to create appropriate levels of impact by using verbal and non-verbal communication skills to influence and/or negotiate win-win agreements to proposals, plans or ideas
•  Analysis and Attention to Detail - ability to be systematic and rule orientated in gathering, reviewing and evaluating data from a variety of perspectives; includes the ability to work with precision and highlight inconsistencies and inaccuracies in detailed information
•  Commercial and Financial Acumen - Understands relevant financial and commercial knowledge to be able to optimise financial resources to meet current and/or future priorities
• Building Relationships - capacity to put people at ease and build sound relationships based on mutual trust and openness.