Sourcing Specialist at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.

The Operations division of Standard Bank is at the very centre of all the bank’s procedures, enabling and optimising our Corporate and Investment Banking activities. We develop prototype concepts into robust, reliable solutions, constantly evolving our existing product range to help the bank maintain a competitive lead with our global clients. We are also in demand as internal consultants to the business, helping to manage the Bank’s assets through effective risk management and control systems. As part of this role we now seek an experienced Sourcing Specialist professional, who will help guide our work to fulfill our ambitious growth strategy

Stanbic IBTC Bank is recruiting to fill the position of:

Job Title: Sourcing Specialist

Job ID: 12727
Location: Lagos, Nigeria

Position Description

• To work as agreed with the Head, Procurement on major Sourcing initiatives as well as identify, develop and execute commercial solutions
• To create a commodity specific best in class sourcing leadership to the organization by benchmarking new processes, approaches, and technology that will continually drive improvements on performance and business results, maximizing value to the organization.
• To take responsibility for the development and implementation of effective category strategies across the appropriate lines of business or the entire enterprise.
• To research, identify and analyze current and emerging procurement trends, develop a deep understanding of market conditions, develop proposed supply chain solutions focusing on total cost of ownership and Supplier Diversity.
• To build and leverage strong working relationships with internal customers and key suppliers to assure cost, quality, and delivery targets are met.
• To create and communicate a vision of potential opportunities with enthusiasm, and rally support for that vision while motivating others.
• Contribute to achievement of the development of a pool of local suppliers

Key Responsibilities

• Ensure that Total Cost of Ownership targets are met and/or exceeded
• Drives for early Strategic Sourcing involvement in the project lifecycle to better influence strategy and results through the establishment of a commodity specific Category Advisory boards.
• Develops and implements effective category strategies across the appropriate lines of business and/or the entire enterprise.
• Develop sourcing strategies and market approach, negotiating “best in class” commercial solutions aligned to business drivers or delivering specified components thereof.
• Undertake defined aspects of key commercial activities necessary to support delivery of the commercial solution (e.g. Contract Due Diligence) – undertake relevant analysis as required at key stages of the sourcing process.
• Manage the handover of commercial arrangements into live operation post contract award
• Develops presentations and presents recommended commercial and sourcing solutions in a clear, concise, and effective manner to leadership to gain understanding and support
• Researches, identifies, and analyzes current supplier and market trends
• Benchmarks new processes, approaches, and technology that will continually drive improvements on performance and business results
• Contributes to the development of the strategic sourcing vision (strategic 5-year plan) and annual operating plan. Sets and re-evaluates priorities in accordance with business needs and expectations.
• Builds and leverages strong working relationships with internal customers and key suppliers
• Assist in developing supplier scorecards that measure performance against key requirements and obligations
• Assist in the development of Supplier Diversity opportunities by identifying new and/or alternative suppliers
• Develops and leads implementation of supply chain process improvements
• Knowledge sharing with sourcing colleagues, supporting new ways of working and assist with the development and implementation of new tools and techniques
• Work cross-functionally to establish and maintain working relations with other parts of the Group, influencing as needed to deliver role outputs
• Work with Head, Procurement to plan approach to market, drawing up timelines and personal task management sheets to achieve agreed objectives. Report on project status while maintaining all management activities on a day-to-day basis
• Ensure sourcing is in line with organisational and external governance (i.e. FICA)
• Support and contribute to team building and team dynamics through personally displaying leadership and team attributes
• Embrace new ways of working with Sourcing Colleagues and wider community, helping to embed new ways of working and cultural changes

Key Relationships

• Relationships with stakeholders of commodity portfolio under their management which includes; Directors and Senior Staff across functional and hierarchical boundaries.
• The incumbent is responsible establishing, brokering and leveraging a wide and diverse span of relationships and alliances across functional boundaries within the Provincial Management and the head office specialist/ support network which is fundamental to the attainment of integration, coordination, budgetary control and commitment needed to achieve objectives and prompt problem resolution.
• Suppliers, limited to services rendered specific to the commodity portfolio under their management which includes engagement with but not limited to; Directors, Sales Managers, Business Owners etc.
• Commodity specific – engagement with;
• Procurement Managers, Commodity Managers, MIS Manager, The Policies and Contracts Manager, The Logistics Manager, the Finance Manager, the Supply Chain Director.
• Financial Shared Services, Internal Audit Department and Group Legal.
• Professional Bodies like IPSA and SAPICS.

Qualifications and Experience

• Bachelor’s Degree with at least 8 cognate work experience in procurement, contract and supply chain management.

Knowledge

• A minimum of first degree in a relevant discipline
• Extensive knowledge of Sourcing and Supplier Management techniques
• Excellent relationship management skills
• Attention to detail and ability to assimilate, appraise and extract information quickly when faced with numerous ad hoc queries.
• Problem solving skills to analyse information to evaluate internal and external demand and external supplier information and extract critical cost opportunities.
• Negotiations skills
• Procure- to-Pay competence
• Risk Management and project management skills

Experience

• The ideal candidate must have Logistics and Facilities experience, planning and buying experience
• Sourcing or relevant commercial experience in excess of 5 years

Personal competencies

• Deciding and initiating action
• Working with people
• Relating and Networking
• Persuading and influencing
• Analysing
• Adapting and responding to change
• Coping with pressures and setbacks
• Applying expertise and technology
• Presenting and organising information

Required Competencies
Strategic Thinking

• Articulates a Vision, develops organizational goals and strategies
• Maintains the perspective of a large scale and aligns actions and contributes to overall organizational strategy enhancement including learning’s from benchmarking activities and reviews
• Understands and articulates the projected direction of the organization and how changes might impact the group
• Is aware of the projected directions of the external environment and key differentiators vis-a-vis competition and uses this information to anticipate how these changes would impact the organization

Problem Solving

• Recommends solutions relevant to the complexity, scope, risk and magnitude of problems impacting the service level
• Required to analyse and critically evaluate information as well as formulate plans based on multiple sources of information

Planning

• Think and plan up to 2-5 years ahead, depending on the projected project/programme duration to ensure the successful delivery of outputs, particularly when preparing budgets and resource requirements
• Provides input into planning of the direction of the on-project change implementation team
• Forward planning required e.g. target setting and forecasting trends
• Ability to manage action plans, review progress and make adjustments where required
• Advises on decisions regarding strategy, policy, and structures
• Quick to assimilate and integrate new information for informed decision making
• Monitor changes in the operating environment, quick to act upon potential opportunities.
• Able to weigh things up quickly and take the initiative within limits of authority.

Coaching and Mentoring

• Coaching: The process of assisting individuals to set goals then supports the execution of the goals through establishing strategy and providing feedback, insight and guidance to enable the individual to reach their fullest potential.
• Mentoring: The process in which an experienced colleague is assigned to an inexperienced individual and assists in a training and development or general support role

Application Closing Date
15th November, 2014

How to Apply
Interested and qualified candidates should:
Click here to apply online