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Job Description
Job Purpose
To lead the Non-Technology Strategic Sourcing function for high value and complex purchases ensuring that vendor related commercial & contractual risks are understood and mitigated
Key Responsibilities
The Procurement Lead will manage and lead Bank’s Non-IT Strategic Sourcing team in the delivery of non-technology projects to achieve or exceed savings targets for each project assigned.
The Lead will drive the right business outcomes with advanced subject matter expertise during the execution of projects and will support the concerned businesses in ensuring that the outputs of sourcing projects are embedded in the business to drive value through the contract lifecycle
Lead will be responsible for Category Planning and will assist the Head of Procurement in monitoring market conditions and keep Category Management updated of emerging opportunities or changes.
Ensure maximum contractual protection for the business, considering Procurement Policy requirements and regulatory issues.
Implement the appropriate buying channel and Vendor management approach for all projects.
The role will ensure that businesses have operational accountability for contracts after signature/handover and Lead will drive appropriate deployment of the Vendor Management framework along with businesses.
This is a leader role with the expectation of delivery through a team of SMEs using strong performance management.
Thought leadership in the development and enhancement of Procurement to Pay processes including the construct and content of agreements
Able to seamlessly transition between categories and projects in a matrix management environment. Demonstrate importance of advanced subject matter expertise through example.
For outsourcing engagements, engage a team of subject matters experts (SMEs) from Risk, Compliance, Information Security, Legal, sharia to fulfill regulatory requirements.
Drive embedding of best practices and compliance to all Procure to Pay processes within the sourcing team through personal performance
Evaluate, Market and Communicate category guidelines into the business
Act as an agent of change for the Procurement Transformation and beyond into future change initiatives.
Provide robust reports on progress against targets, Preferred Supplier List and buying channel compliance.
Competencies/Skills
Education
Minimum Bachelor’s Degree in Business Administration.
Work Experience
Minimum of 15 years of experience in procurement category management with a Financial institution for key Products and services
