Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

The Procurement team sit within the banks Finance Corporate Function.  We provide support to SBO business areas in the procurement of products and/or services from third parties. The work we undertake is important for ensuring we conduct our business in accordance with the bank’s values and Code of Ethics. The role involves engaging with internal stakeholders to understand their needs and requirements prior to the sourcing of goods and/or services and contracting. The supplier selection process must be conducted fairly and ethically and where there are risks associated to the engagement they are identified and managed.

Responsible for being the main point of contact and delivery of services to Standard Bank Offshore clients ,internal and external. Contribute towards policies and evaluate customer feedback to advance processes. Contribute towards efficiencies and refine service delivery processes and develop uniform processes and procedures. Management and tracking of benefit realisation, value leakage prevention and issue management post contract.

The Procurement team sit within the banks Finance Corporate Function.  We provide support to SBO business areas in the procurement of products and/or services from third parties. The work we undertake is important for ensuring we conduct our business in accordance with the bank’s values and Code of Ethics. The role involves engaging with internal stakeholders to understand their needs and requirements prior to the sourcing of goods and/or services and contracting. The supplier selection process must be conducted fairly and ethically and where there are risks associated to the engagement they are identified and managed.

Minimum Qualifications

•  A Levels and or a Diploma in Business Commerce

Experience Required

• Ideally have worked within a Procurement function within the finance Industry
• An understanding of third party risk management
• Knowledge of Procurement practices
• Stakeholder engagement and management.
• Strong Contract negotiation & management
• Knowledge on how to analyse and collate financial data and provide advice on the use of this data in the organisation for decision making and business development purposes. Responsible for the compilation, review, approval and submission of regulatory returns required by banking regulators.
• Knowledge on the preparation of financial statements for external decision makers, such as shareholders, clients, suppliers, other banks, regulators, analysts and other stakeholders as these jobs are governed by the Generally Accepted Accounting Practices as well as International Financial Reporting Standards.

Key Responsibilities:

• Engage with Internal Stakeholders of all levels to understand their needs.
• Ensure fair & effective sourcing of Products & Services from third parties.
• Financial negotiations to ensure the bank achieves best value.
• Identify areas of risk & mitigations
• Manages the end-to-end procurement process, ensuring all agreements for products/& services are approved and third-party contracts are awarded In line with group policies.

Technical Competencies:

• Procurement Knowledge
• Records and Archive Management
• Specification Analysis
• Supplier Relationship Management
• Supply Chain Management
• Tender Process
• Value Chain and Total Cost Analysis