Job Category: Specialist - SVM SourcingJob Description:JOB PURPOSE:The Specialist Sourcing 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 Specialist Sourcing 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 responsibilitiesKEY ACCOUNTABILITIES:The Specialist Sourcing is responsible to ensure suppliers and contracts are delivering value for money, minimizing risk, and improving service and social objectives for the categories of responsibilityProvides leadership and accountability, ensuring process compliance and delivering optimal sourcing benefits from category management.Ensures best commercial value is negotiated and obtained for purchases. Specifically prepare requests for quotations, negotiate, select and identify most appropriate supplier (price, quality, conditions…) in collaboration with requesting department. Also negotiate contracts with legal department.Works with the Category Manager and Head of Sourcing to defined FAB Category strategy, setting performance objectives and monitoring progress. Also actively engaging with and securing support from key local stakeholders (Finance, HRG,…)Collaborates with stakeholders to create, manage, and execute category plans e.g.:Develops 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 to include demand management, specification review, and “grouping” of similar goods and/or services using catalogue management techniques.Ensure that SVM Sourcing Management is aligned with FAB corporate Strategies, in cooperation with business planning and strategy and delivers results to the bottom line.Ensures that market intelligence is updated regularly and - ensures that any changes are updated in the category strategy and the appropriate steps are taken accordingly to mitigate any potential impact that this information may have to the organizationChampion best practices in category management across the organization through publishing case studies, working with stakeholders, conducting peer training workshops, and sharing good experiencesRepresent sourcing in cross-functional teams for large initiatives to provide input on supplier engagement strategy and value creation.Create a strategic plan for the sourcing function tied to the bank's overall corporate strategy with clear objectives, initiatives, and targets.Act as the single point of contact for the stakeholders (both internal and external) to identify collaborative opportunities and align sourcing to the banks wider strategyMonitors and reports all strategic savings on a monthly basis to the Head of Sourcing.Continuously reviews 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 program, promoting best practice sharing, benchmarking, market intelligence, etc.Actively participate and contribute to the development of SVM as a value adding function within the FAB organization through empowered and experienced stakeholder managementQUALIFICATIONS & EXPERIENCE:English, Arabic desirable5 years plus demonstrable sourcing category management experience, including writing and executing sourcing category strategiesDemonstrable experience managing sourcing portfolios of $10-30m plusStrong communication and interpersonal skills to work with senior level stakeholders to build trusted relationshipsAbility to align with business strategy and engage Senior Management to reinforce the value of SVMCan operate in a multi matrix, performance driven structure, able to lead cross-functional projectsHands on Management style for projects and management of third parties, able to get involved as needed to offer support in group BU operations.Strong change agent, with the ability to make things happen, gain traction quickly and motivated by successful deliveryExcellent Communicator (verbal and written) and strong negotiator who can effectively manage relationships that are widely dispersed both functionally and geographically.About Us:About Us:First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.Life at FAB:Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organizationCareer Development:FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.Our Values:At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.Join our team and be part of a journey to shape the future of banking.
