Commodity Acquisition Specialist

1 week ago

Johannesburg, Gauteng, South Africa Nedbank Full time
Procurement and Sourcing Position

As a key member of the Nedbank team, this role focuses on identifying and mitigating risks while ensuring regulatory compliance and developing commodity strategies aligned with the company's goals.

Key Responsibilities
  • Analyzing management information to identify trends.
  • Assisting stakeholders with budget forecasting by providing commodity information.
  • Identifying opportunities to develop sourcing strategies that result in cost savings through benchmarking and negotiating with internal and external stakeholders.
  • Ensuring 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.
  • Contributing to a culture conducive to the achievement of transformation goals by participating in Nedbank culture building initiatives.
  • Participating and supporting corporate social responsibility initiatives for the achievement of key business strategies.
  • Identifying and recommending opportunities to enhance processes, systems, and policies and supporting the implementation of new processes, policies, and systems.
  • Developing and maintaining 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.
  • Selecting 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).
  • Measuring 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.
  • Collaborating with stakeholders to implement the sourcing strategy by coordinating workshops, presentations, and meetings.
  • Exchanging information between stakeholders to achieve the procurement objective by sharing management information.
  • Managing and maintaining internal and external stakeholder relationships by conducting regular engagements. Keeping abreast of legislation and other industry changes that impact the role by reading relevant newsletters, websites, and attending sessions.
  • Understanding and embracing the Nedbank vision and demonstrating the values through interaction with the team and stakeholders.
  • Improving personal capability and staying abreast of developments in the field of expertise by identifying training courses and career progression for self through input and feedback from managers.
  • Ensuring personal growth and enabling effectiveness in the performance of roles and responsibilities by ensuring all learning activities are completed, experience practiced, and certifications obtained and/or maintained within specified time frames.
  • Ensuring information is provided correctly to stakeholders by maintaining knowledge sharing with the team.
Essential Qualifications - NQF Level
  • Advanced Diplomas/National 1st Degrees
Preferred Qualification
  • BCOM, CIPS, MCIPS
Minimum Experience Level
  • 5-8 years of 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 for further information.

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