Senior Analyst- Sourcing (Supply Chain Mgt)

Standard Chartered - Chennai, IN

Chennai, IN

Credit Intermediation and Related Activities

About the position

Supply Chain Management (SCM) is responsible for the overall commercial management of how the bank engages and spends money with its external third-party vendors. To meet increasing business and efficiency, the SCM team is looking for a candidate with experience in sourcing / procurement and the ability to engage stakeholders within SCB business function to support key priorities. The successful candidate will be responsible for influencing and executing sourcing activities in collaboration with various business function and related support teams.

Responsibilities

• Liaise with the business functions leads to produce a needs assessment that is aligned to their business plans
• Executes the category management strategy that focuses on supplier cost reduction, through needs assessments, consolidation and expense / demand management
• Performs the role within the operating model
• Execute sourcing strategies to ensure continuity of cost-effectiveness and quality of supply
• Works with category teams to align preferred channels and suppliers
• Influences the buy decisions - Approves ePros/ purchase requisitions
• Lead deal negotiation
• Manages competitive sourcing tenders with an estimated deal value of >50k <250k USD with some supervision
• Creates cost efficiencies and support expense line management by directly mapping saves to the GL
• Carry out effective negotiations and contracting which contribute to sustainable commercial advantages for the business and best in class commercial terms
• Has a key role in negotiating contractual terms in collaboration with leveraged legal teams and assisting in influencing supplier requested changes
• Meets or exceeds saves targets
• Maintains engagement level stakeholder relationships to support the stakeholder through the Sourcing Process - maintains on-going relationships with Global sourcing teams
• Guides Business Stakeholders through the procurement decision-making process
• Ensure the intrinsic business value of the SCM category management framework is communicated and understood by the business
• Provides guidance on SCM process, systems, policy and procedure
• Assist stakeholders in achieving their budgetary objectives through careful sourcing of relevant suppliers to fulfil their needs
• Able to direct and ensure ER accuracy as it relates to the Product/Service Category through business and risk teams collaboratively
• Assist in effective governance and controls for supplier risk management across the bank, manage the vendor and contract management framework in the region
• Supports the business functional vendor management teams in day 2 supplier matters
• Operate in compliance with mandated sourcing processes, policies and procedures

Requirements

• Education Supply chain or project management
• Training Negotiation skills
• Languages English
• Commercial Negotiation skills
• Project Management
• Knowledge in ERP system (Ariba)
• Contracting and Contract Negotiation Skills
• Communication skills
• Commercial Risk Management

Benefits

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential