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Specialist - Sourcing (Emiratized Role)
2 weeks ago
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 at a top company in an exciting & dynamic industry.
Job Description
The Sourcing Specialist is responsible for executing strategy for aligning the demand/supply (i.e. procurement) of goods and services for specific sourcing category areas of responsibility.
The Sourcing Manager 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 responsibility.
1. The Sourcing Manager is responsible for ensuring 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 the most appropriate supplier (price, quality, conditions…) in collaboration with the requesting department. Also negotiate contracts with the legal department.
4. Works with the Category Manager and Head of Sourcing to define 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.
6. 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.
7. Leads transformational change through category strategies to include demand management, specification review, and "grouping" of similar goods and/or services using catalogue management techniques.
8. Ensures that SVM Sourcing Management is aligned with FAB corporate strategies, in cooperation with business planning and strategy and delivers results to the bottom line.
9. 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 on the organization.
10. Monitors and reports all strategic savings on a monthly basis to the Head of Sourcing.
11. Continuously reviews category management information to identify "new opportunities" to minimize any potential savings gap.
12. Provides expertise, leadership, and support to FAB organizations to drive overall productivity program, promoting best practice sharing, benchmarking, market intelligence, etc.
13. Actively participates and contributes to the development of SVM as a value-adding function within the FAB organization through empowered and experienced stakeholder management.
Qualifications
- English, Arabic desirable
- 1-2 years experience
- Bachelor Degree in Supply Chain / Procurement or any similar field
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