Commodity Specialist

1 week ago

Sandton, Gauteng, South Africa Nedbank Full time R250 000 - R500 000 per year

Requisition Details & Talent Acquisition Contact

REQ ID: Michelle Thabethe

Location: Sandton

Cluster: Group Finance

Closing date: 24 October 2025

Job Family

Administration, Operations and Facilities

Career Stream

Procurement and Vendor Management

Leadership Pipeline

Manage Self: Technical

Job Purpose

To execute the end to end procurement sourcing process for controlled commodities in line with Nedbanks business strategy.

Job 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

  • 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

Behavioural Competencies

  • Decision Making
  • Continuous Improvement
  • High-Impact Communication
  • Managing Work
  • Sustaining Customer Satisfaction
  • Technical/Professional Knowledge and Skills

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