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Strategic Sourcing Manager
4 months ago
Strategic Sourcing Manager - UAE, 0000IEBE
GCB 4, United Arab Emirates, Global Procurement
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Role Overview
Digital Business Services (DBS) provides essential support for the bank through operations, technology, key central business services, and our worldwide network of Chief Operating Officers.
DBS's remit includes running customer operations, delivering innovative digital solutions for customers and colleagues, management of risk and controls, bank-wide change, and central services including procurement and real estate management.
Our teams play a vital role in driving great experiences for customers and colleagues, and enabling the bank's strategy.
Global Procurement enables businesses and functions to maximize value and minimize risk from HSBC's annual USD15 billion external spend with suppliers.
- The Strategic Sourcing Manager will provide strategic direction and delivery of external supplier sourcing, and drive projects to deliver competitive advantage for HSBC via cost saving, supplier added value creation, demand management, vendor risk management and innovation.
- The projects will be delivered globally, regionally or locally in accordance with the Category Strategies and Commodity plans and will leverage the full range of supply and demandside levers. Both sourcing and business / function knowledge will be applied in the execution of these plans across all category areas whilst ensuring the risks associated with the purchase of goods and services are mitigated commercially, contractually and operationally.
- The Strategic Sourcing Manager will execute projects to deliver defined country annual savings targets, and is responsible for the execution of sourcing and for delivering incremental value to the business through auctions.
- It is expected that post contract value opportunities will be identified and delivered through working with business supplier managers and the local supply base making sure that these opportunities align with global Category Strategies.
- The role will work with a variety of internal and external stakeholders and business partners, requiring proactive engagement and fostering of existing and new relationships.
Principal responsibilities
- Work with the global Category Managers in monitoring local market conditions, emerging opportunities or changes and implementing global strategies in country.
- Ensure maximum contractual protection for the business, taking into account the Procurement Handbook requirements and local regulatory issues.
- Oversee a portfolio of sourcing projects and business requests, working with offshore outsourced partners to ensure delivery.
- Collaborate with Procurement Operations team to implement the appropriate buying channels and with Third Party Management (TPM) to ensure the appropriate supplier risk management approach for all projects assigned.
- The role will ensure that businesses have operational accountability for contracts after signature and work with the TPM team to drive appropriate deployment of the supplier relationship management framework.
- Provide robust reports on progress against targets, supplier spend and buying channel compliance.
- Contribute to Global Procurement departmental transformation initiatives, innovation and continual improvements.
To be successful in the role, you should meet the following requirements
- University degree is a must
- Commercial and strategic mindset
- Negotiation and influence
- Project delivery experience
- Ability to navigate and nurture a complex stakeholder network, internal and external
- Leading, managing and implementing departmental change and improvements
- Previous Procurement experience desired but not essential
