Commodity Specialist

2 weeks ago


Johannesburg, Gauteng, South Africa Nedbank Full time

Job Classification

  • Job Family
  • Administration, Operations and Facilities


Career Stream
  • Procurement and Vendor Management


Leadership Pipeline
  • Manage Self: Technical

Job Purpose

  • To analyse; identify; source; negotiate and manage the procurement process while mitigating risks and ensuring regulatory compliance and develop and implement commodity strategies aligned with Groups strategy and build relationship with stakeholders.

Responsibilities:

  • Analyse trends by reviewing management information.
  • Assisting stakeholders with budget forecasting by providing commodity information.
  • Identifying opportunities to develop sourcing strategy that will result in cost saving by benchmarking and negotiating with internal and external stakeholders.
  • Ensure that preferential procurement BBBEE targets are aligned to the Financial Sector Charter (FSC) as determined by the Department of Trade and Industry code of good practice.
  • Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.
  • Participate and support corporate social responsibility initiatives for the achievement of key business strategies.
  • Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
  • Develop and maintain policies by understanding and collaborating with stakeholders to determine practical processes.
  • Mitigating risks by ensuring that policies and regulatory and industry governance requirements are adhered to.
  • Selection of preferred suppliers by conducting a tender or quotation process.
  • Drafting and signing of contracts by liaising with Group Legal and stakeholders.
  • Ensuring SLA's are met through end to end management of the contract (includes supplier relationship and performance management).
  • Measure local procurement and environmental objectives against Nedbank's transformational objectives by conducting surveys or reviewing management information.
  • Identifying business requirements by engaging with internal stakeholders to understand business needs.
  • Collaboration with stakeholders to implement the sourcing strategy by coordinating workshops; presentations and meetings.
  • Exchange of information between stakeholders to achieve the procurement objective by sharing management information.
  • Manage and maintain internal and external stakeholder relationships by conducting regular engagements. Keep abreast of legislation and other industry changes that impacts on role by reading the relevant newsletters; websites and attending sessions.
  • Understand and embrace the Nedbank vision and demonstrate the values through interaction with team and stakeholders.
  • Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers.
  • Ensure personal growth and enable effectiveness in performance of roles and responsibilities by ensuring all learning activities are completed; experience practiced and certifications obtained and/or maintained within specified time frames.
  • Ensure information is provided correctly to stakeholders by maintaining knowledge sharing knowledge with team.


Essential Qualifications
  • NQF Level
  • Advanced Diplomas/National 1st Degrees


Preferred Qualification
  • BCOM, CIPS, MCIPS
  • Minimum Experience Level 58 year business experience, including legal and contractual exposure will be ideal.
  • Able to interact with senior management and executives in a professional way to build their trust.

Technical / Professional Knowledge

  • Administrative procedures and systems
  • Banking knowledge
  • Banking procedures
  • Business principles
  • Business terms and definitions
  • Data analysis
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • Governance, Risk and Controls


Behavioural Competencies
  • Decision Making
  • Continuous Improvement
  • High-Impact Communication
  • Managing Work
  • Sustaining Customer Satisfaction
  • Technical/Professional Knowledge and Skills
- **_Please contact the Nedbank Recruiting Team at _
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