Description
Region: Brussels
Sector: Financial
Education: Bachelor/Master
ASAP (12 months work minimum)
Work experience: 5 years minimum
Job type: Temporary Contract Full time on site
What you'll do:
In this role you will focus on the following domains:
* People Management:
o Guide and coach key business stakeholders defining and execution of sourcing initiatives in the domain of the category sourcing of Financial Market Data Vendors
* Category Management:
o Build and implement multi-year supplier strategy incorporating business priorities, Market know how and a long term vision on how demand will evolve and will be managed
o Identify opportunities to target supplier rationalization which delivers effective and efficient use of suppliers while mitigating risks
o Provide leadership for specific initiatives aimed at delivering against the overall Procurement objectives
* Business Relationship Management
o Develop and maintain relationships with key business stakeholders and define jointly the Strategic Sourcing process based on best market practices, fully aligned with procurement policy and practices
o Support key stakeholders with identifying issues and propose mitigation actions on operational and tactical level
o Play an active role in stakeholder engagement model and improve business satisfaction and customer journey by demonstrating added value in the differentiated sourcing for managing both demand and supply
o Position your role as highly required for all business decisions related to sourcing based on your advice and recommendations
* Supplier Management:
o Develop, maintain an effective and distant relationship with suppliers to ensure continuity of supply
o Provide support to the business stakeholders to ensure consistency in the application of all contractual engagements
o Obtain best value for money from the supply market and ensure healthy cross-supplier competition and negotiate best contractual terms
o Jointly manage all supplier risks. Address issues and secure the highest level of service delivery ensuring corrective measures are delivering expected improvements
o Support Business stakeholders to leverage on Key Performance Indicators (KPI), quarterly and/or semi-annual supplier performance dashboards, supplier summits and contract dispute management
o Set up an effective supplier performance management dashboard that could lead to service delivery improvements and reduce supplier risks.
o Achieves to create value for the business by adequately managing supplier relationships and appropriately managing escalations.
* Quality Management and Controls
o Ensure compliance with policies and processes and work with business to rectify areas of concern
o Drive supplier remediation for contractual compliance issues
o Assist in controls, security, data protection and is responsible for doing supplier investigations and defining remediation's linked to these investigations
Required Skills:
* Procurement Strategy & Category knowledge:
o Fully understands, can articulate and apply the best market practices of strategic sourcing for Financial Market Data vendors
o Translates department measures and objectives into a strategy and action plan for the dedicated category, executes and leads execution by buyers and purchasing agents, monitors performance and the status of the objectives. Achieves business endorsement and buy-in of the defined strategy.
o Knowledgeable of the specific aspects of a category, both technically and commercially. Understands industry cost structures and pricing mechanisms.
* Selection and negotiation:
o Can create complex RFP's, analyse results and proposals, and propose concrete recommendations to the Business Stakeholders.
o Has good experience in planning and preparing negotiations and successfully conducting a range of negotiations across a variety of commodities and market sectors to achieve objectives. Has a good working experience of setting objectives and tactics. Should lead some strategic and business critical negotiations.
* Contracting & Contract Management:
o Knows and understands the Terms & Conditions of the Standard Purchasing Agreements and Standard SLA's, and can negotiate them with suppliers in more complex situations. Good working knowledge of applicable regulations.
o Knows the principles of contract management, and resolves more complex issues.
o Knows and drives compliance with internal policies and processes to ensure compliance with Risk and Audit.
Soft skills:
* Strong business know how and expertise ( 4 to 6 years of domain experience)
* Good analytical skills,
* Solution oriented mind set
* Good listener
* Strong in developing and maintaining professional relationships and using them to the benefit of both parties
* Willingness to learn and demonstrate a continuous eagerness to expand know how in different domains and to explore new categories
* Good communication skills & coordination skills
* Able to work both independently and as part of a team
* Able to express well-founded opinions and to understand their consequences
* Ability to cope with pressure and to handle multiple tasks