23 Oct
First Gulf Bank PJSC
Abu Dhabi
- Full-time
- Sub Division: Group SVM and Corporate Services
- Division: GCOO
Company Description
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders, and communities to grow through differentiation, agility, and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark at a top company in an exciting & dynamic industry.
Job Description
JOB PURPOSE:
The Sourcing Specialist is responsible for executing strategy for aligning the demand/supply (i.e. procurement)
of goods and services for specific sourcing category area of responsibility. The Sourcing Specialist will deliver measurable and demonstrable value to the Organization by using strategic sourcing, commercial and legal negotiations, contract enablement, and life-cycle management for specific sourcing category areas of responsibilities.
KEY ACCOUNTABILITIES:
- Ensure suppliers and contracts are delivering value for money, minimizing risk, and improving service and social objectives for the categories of responsibility.
- Provide leadership and accountability, ensuring process compliance and delivering optimal sourcing benefits from category management.
- Negotiate and obtain the best commercial value for purchases, specifically preparing requests for quotations, selecting, and identifying the most appropriate supplier in collaboration with the requesting department.
- Work with the Category Manager and Head of Sourcing to define FAB Category strategy,
setting performance objectives and monitoring progress while engaging with key local stakeholders.
- Collaborate with stakeholders to create, manage, and execute category plans.
- Develop annual category sourcing plans through detailed analysis of contracts, spend analysis, usage patterns, future demands, and benchmark data ensuring full alignment between FAB requirements and SVM targets.
- Lead transformational change through category strategies including demand management and specification review.
- Ensure SVM Sourcing Management is aligned with FAB corporate strategies and delivers results to the bottom line.
- Regularly update market intelligence and adjust category strategies accordingly.
- Monitor and report all strategic savings on a monthly basis to the Head of Sourcing.
- Continuously review category management information to identify new opportunities to minimize any potential savings gap.
- Provide expertise, leadership, and support to FAB organizations to drive overall productivity programs.
- Actively participate in the development of SVM as a value-adding function within the FAB organization.
Qualifications
- 5 years plus demonstrable sourcing category management experience, including writing and executing sourcing category strategies.
- Demonstrable experience managing sourcing portfolios of $10-30m plus.
- Strong communication and interpersonal skills to work with senior-level stakeholders.
- Ability to align with business strategy and engage Senior Management.
- Experience operating in a multi-matrix, performance-driven structure.
- Hands-on management style for projects and management of third parties.
- Strong change agent with the ability to make things happen.
- Excellent communicator and strong negotiator.
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▶️ Specialist- Strategic Vendor Management (Emiratized Role)
🖊️ First Gulf Bank PJSC
📍 Abu Dhabi