Commodity Specialist

Job Requisition: TA Specialist: Refilwe Falatsi Closing Date: 13 October 2025 Location: 135 Rivonia Campus, Sandton Cluster: Personal and Private Banking | Nedbank Insurance | Operations Please Note: Preference will be given to applicants from Underrepresented Groups 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. Job Responsibilities Analyse trends by reviewing management information. Assist stakeholders with budget forecasting by providing commodity information. Identify 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. Identify business requirements by engaging with internal stakeholders to understand business needs. Collaborate 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. Job Responsibilities Continue People Specification Essential Qualifications - NQF Level Advanced Diplomas/National 1st Degrees Preferred Qualification BCom CIPS is highly beneficial Essential Certifications Minimum Experience Level 3 years procurement experience within the Insurance environment 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 Decision Making High-Impact Communication Managing Work Sustaining Customer Satisfaction Technical/Professional Knowledge and Skills Please contact the Nedbank Recruiting Team at If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up. Nedbank Ltd Reg No 1951/ /06. Authorised financial services and registered credit provider (NCRCP16). For assistance please contact the Nedbank Recruiting Team at #J-18808-Ljbffr