Associate Manager, Sourcing Services

Job Summary

• Supply Chain Management (SCM) is responsible for the overall commercial management of how the bank engages and spends money with its external third-party suppliers. The SCM Team is looking for a candidate with strong experience in sourcing / procurement and the gravitas to engage stakeholders within SCB business functions to support key priorities. The successful candidate will be responsible for:
• Influencing and executing Low to Medium Complexity sourcing activities in collaboration with various business functions and related support teams. Ideal candidate must be able to demonstrate excellence in negotiating favourable commercial outcomes.
• Executing sourcing deals in alignment with category strategies, objectives, and supply chain targets.
• Key accountability of collaborating with SCM to management the pipeline, focussing on value creation and ensuring that deals are constructed in a commercially sound, scalable manner.
• Team player working across SCM to ensure optimal support and service is provided to the assigned business functions.
• Deliver quality supply arrangements and cost savings

Key Responsibilities

• Carries out sourcing engagements that align with applicable global category strategies.
• Contribute to the development of clear deal strategies, ensuring alignment/priorities of relevant categories.
• Proactively engage with assigned stakeholders to understand overall requirements, challenge current thinking and strengthen vendor management as a strategic advantage for the function.
• Ensuring enhanced governance and controls to protect the Groups assets and stakeholders in relation to vendor decisions.
• Operates within the requirements of the Bank’s sustainability strategy and promotes alignment with the Banks Sustainability agenda.
• Participate in regular pipeline reviews to maintain accuracy of forecasts.
• Support contract remediation and dispute resolution of existing relationships, up to and including exit management if required.
• Establish and maintain effective stakeholder engagement demonstrating value to the assigned businesses through joint innovation on efficiency, supplier risk, sustainability, and compliance matters.
• Influence the buy decisions.
• Lead deal negotiations with suppliers, including Outsourcing.
• Manages low to medium complex competitive sourcing events (RFx, eAuction etc.) without supervision.
• Leads the contract negotiations with the suppliers, accurately interprets contractual terms into risks, and supports the closing of contractual blockages through to completion, including the alignment with the applicable business stakeholders.
• Ensure that supplier partnering strategies incorporate the needs of the assigned stakeholders, leveraging existing SCB suppliers as appropriate to reduce lead-times.
• Work collaboratively with the wider SCM team to ensure effective and efficient service delivery for the business.
• Embed the Sustainability agenda into contracts as appropriate.
• Ensures Strategic vendors are managed in accordance with the Vendor Management process and needs of the assigned functions and stakeholders.
• Support and execute necessary actions and deliverables to meet existing Third-Party Risk Management Requirements.
• Support risk reviews for SCM and support corrective actions where applicable.
• Ensure effective escalation for all blockages, risks, issues or non-adherence to Group Policies.
• Comply with the highest standards of regulatory and business conduct as defined by internal and external requirements.
• Understand and ensure compliance with, in letter and spirit, all applicable laws, regulations and guidelines including those governing securities activities, company law, anti-money laundering, terrorist financing and sanctions; the Group’s policies and procedures; and the Group Code of Conduct.
• Take personal responsibility for understanding the risk and compliance requirements of the role and Data Quality.
• Embed the Group’s Values and Group Code of Conduct to ensure adherence with the highest standards of ethics. Comply with relevant policies, processes, and regulations, as part of the culture.
• Supports overall governance within the assigned portfolio with regards to Third Party Risk Management activities leveraging the central TPRM and Vendor Management delivery teams.
• Manage cases of non-compliance with due regard to the risks involved.
• Provide counsel and leadership to stakeholders across the business functions within the region in support of procurement, vendor management, outsourcing and contract management and other SCM related queries.

Skills and Experience

• Negotiation Skills
• Commercial Skills
• Third Party Risk
• Contracting
• Supplier Management
• Strategic Mindset
• Stakeholder Management
• Project Management
• Excel Skills

Key Skills and experience:

• A minimum of 3 - 5 years of experience in procurement
• Strong knowledge of commercial contract terms and third party risk
• Attention to detail.
• Possess strong relationship-building skills, with an ability to work effectively with peers and senior stakeholders across multiple regions
• Agile and comfortable with dealing with complex datasets
• Effective verbal, written and communication skills.
• Comfortable presenting to stakeholders and peers.
• Project management and problem-solving skills
• Self-starter and resilient

Advantageous additional capabilities

• Languages (in addition to English): Chinese.
• Previous experience of working within the Financial Services Industry.
• Good understanding of the use of AI within the procurement process.

Qualifications

• Bachelor's degree in Business Administration, Supply Chain Management, Law, or a related field.
• Professional Memberships: CIPS or similar desirable.
• Training: Sourcing/Procurement
• Membership: CIPS or Similar

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• 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 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.

Visit our careers website to learn more about us: www.sc.com/careers.

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