Job Vacancy At Stanbic IBTC Bank PLC

The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group. The merger was officiated in August of this year and legalised on the 24th of September 2007.

Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).

Job Title: Procurement Sourcing Specialist

Job ID: 11166
Location: Nigeria
Division Group: Procurement
Position Category: Business Support
Employment Type: Full Time - Permanent
Shift: Yes
Regulatory Approval: Yes
Application DEADLINE: Apr 30, 2013

Position Description

JOB PURPOSE

• 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 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
•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.

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 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
• 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
• 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


Application DEADLINE: 30th April, 2013

How to Apply
click here to apply