Commodity Specialist

The Focus Group Sandton, South Africa 28 February 2025 Junior / Mid 1000 - 10000 Contract Cost to Company 3 years - 5 years Skills Data Analysis Banking Administration Systems Software Negotiation Procurement Analytical Process Management Compliance Forecasts Industries Financial Services Banking Job Description
Purpose
To analyze; 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 the organization 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 SLAs are met through end-to-end management of the contract (includes supplier relationship and performance management).
Measure local procurement and environmental objectives against organization'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 company 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
CIPS, MCIPS
Minimum Experience Level
3 years procurement experience
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
Behavioral Competencies
Decision Making
Continuous Improvement
High-Impact Communication
Managing Work
Sustaining Customer Satisfaction
Technical/Professional Knowledge and Skills