Specialist- Strategic Vendor Management

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

JOB PURPOSE:

The Sourcing Specialist is responsible for executing strategy for aligning the demand/supply (i.e. procurement) of goods and services for specific sourcing category area of responsibility.

The Sourcing Specialist will deliver measurable and demonstrable value to the Organization by using strategic sourcing, commercial and legal negotiations, contract enablement, and life-cycle management for specific sourcing category areas of responsibilities.

KEY ACCOUNTABILITIES:

1. The Sourcing Specialist  is responsible to ensure suppliers and contracts are delivering value for money, minimizing risk, and improving service and social objectives for the categories of responsibility
2. Provides leadership and accountability, ensuring process compliance and delivering optimal sourcing benefits from category management.
3. Ensures best commercial value is negotiated and obtained for purchases.  Specifically prepare requests for quotations, negotiate, select and identify most appropriate supplier (price, quality, conditions…) in collaboration with requesting department. Also negotiate contracts with legal department.
4.  Works with the Category Manager and Head of Sourcing to defined FAB Category strategy, setting performance objectives and monitoring progress.  Also actively engaging with and securing support from key local stakeholders (Finance, HRG,…)
5. Collaborates with stakeholders to create, manage, and execute category plans e.g.:

• Develops annual category sourcing plans through detailed analysis of contracts, spend analysis, usage patterns, future demands, and benchmark data ensuring full alignment between FAB requirements and SVM targets.
• Lead transformational change through category strategies to include demand management, specification review, and “grouping” of similar goods and/or services using catalogue management techniques.

1. Ensure that SVM Sourcing Management is aligned with FAB corporate Strategies, in cooperation with business planning and strategy and delivers results to the bottom line.
2. Ensures that market intelligence is updated regularly and - ensures that any changes are updated in the category strategy and the appropriate steps are taken accordingly to mitigate any potential impact that this information may have to the organization
3. Monitors and reports all strategic savings on a monthly basis to the Head of Sourcing.
4. Continuously reviews category management information to identify “new opportunities” to minimize any potential savings gap.
5. Provide expertise, leadership and support to FAB organizations to drive overall productivity program, promoting best practice sharing, benchmarking, market intelligence, etc.
6. Actively participate and contribute to the development of SVM as a value adding function within the FAB organization through empowered and experienced stakeholder management.

• English, Arabic desirable
• 5 years plus demonstrable sourcing category management experience, including writing and executing sourcing category strategies
• Demonstrable experience managing sourcing portfolios of $10-30m plus
• Strong communication and interpersonal skills to work with senior level stakeholders to build trusted relationships
• Ability to align with business strategy and engage Senior Management to reinforce the value of  SVM
• Can operate in a multi matrix, performance driven structure, able to lead cross-functional projects
• Hands on Management style for projects and management of third parties, able to get involved as needed to offer support in group BU operations.
• Strong change agent, with the ability to make things happen, gain traction quickly and motivated by successful delivery
• Excellent Communicator (verbal and written) and strong negotiator who can effectively manage relationships that are widely dispersed both functionally and geographically.