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Category Manager
2 months ago
Purpose of Job
- Take ownership of category management strategy and supplier relationship management to ensure that the organisation is getting the most value from their third party spend as well as deliver savings. The role holder will look after the HR (Recruitment, Temporary Labour, Pension, Payroll and Reward & Benefit) and Professional Services (Accounting, Audit, Tax, Legal and Consultancy). However, it would be beneficial to have experience across all spend categories.
- Build relationships with internal stakeholders to provide support on their procurement needs and create category plans. Ensuring Procurement are seen as the centre of excellence.
- Execute a Global Savings Program within the role holder’s responsible category domain.
Background
The teams’ mission is to provide procurement best practice as well as contribute to the bank’s profitability by optimising its cost base. The key remit of the team is to review current procurement practices across the EMEA region with a view to proposing a more efficient centralised operating model to reduce risk, reduce costs and increase control.
Accountabilities & Responsibilities
This role reports into the Head of Procurement and is responsible for category management, identifying and executing saving opportunities and compliance to policy.
Responsibilities:
- Act as a procurement business partner, build and maintain strong relationships and credibility with the business so that the category management team is acknowledged as a clear benefit.
- Maintain and build strong mutual beneficial relationship with key strategic suppliers.
- Develop, identify, and lead the delivery of sourcing projects and savings that may be local or regional, including the responsibility for driving incremental savings through, in partnership with external service providers.
- Support the business and drive business opportunity assessments for new savings activity across the EMEA region, develop category plans to achieve or exceed savings targets for the responsible category.
- Develop an understanding of business needs that can be built into practical category strategies in collaboration with business stakeholders to deliver a lower cost base and more efficient and cost-effective processes.
- Lead and manage tender processes in accordance with the defined procurement TOM.
- Develop and lead contract negotiation.
- Work closely with the Legal Department to ensure contracts are finalised appropriately.
- Ensure category performance and project data (savings, pipeline, milestones, risks, issues, compliance) is accurate and report to line management and appropriate governance forums.
- Monitor buying channel and preferred Supplier List (PSL) compliance for HR and Professional Service category and support the business in driving corrective action to achieve target compliance.
- Excellent collaborator with the ability to build successful and productive relationships.
Knowledge, Skills, Experience & Qualifications
- Expert knowledge and experience in HR and Professional Service (or IT or Market Data) categories and in the banking industry
- Proven track record in delivering savings in HR and Professional service categories.
- Initiative-taking and organised with excellent time management skills and the ability to prioritise workload to deliver within set time frames to the highest quality.
- Strong business awareness, researching, investigating and problem solving.
- Demonstrable experience in governance and spend control in the banking industry necessary.
- Strong analytical capabilities and critical thinking skills; ability to translate data into decision making.
- Working knowledge of finance and/or accounting in terms of budgeting, forecasting and cost management
- Evidence of experience in stakeholder engagement and management, persuasive communication skills
- Experience with Microsoft Office (Excel, PPT, Visio), including but not limited to ability to analyse data using pivots and V-Lookups
- Exceptional knowledge and experience working with Procurement Source-to-Pay technology solutions/systems, Coupa advantage.
- MCIPs preferable but not mandatory
