Job Family
Nedbank Wealth Cluster - Nedbank Insurance
Career Stream
Procurement and Vendor Management
Leadership Pipeline
Manage Self: Technical
FAIS Affected
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.
- 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
CIPS, MCIPS
Essential Certifications
Preferred Certifications
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
- Decision Making
- Continuous Improvement
- High-Impact Communication
- Managing Work
- Sustaining Customer Satisfaction
- Technical/Professional Knowledge and Skills
