Employment Type: Regular
Working with the Global Commodity Manager to develop and drive the long term commercial strategy of a specific commodity(ies) enabling HSBC to step change its savings delivery. Responsibility for assisting in the delivery of a specific commodity strategy. Ensure seamless supply of goods and services to HSBC and other areas of the Group. Engaging and influencing at senior levels to support Commodity Strategies To proactively direct all aspects of the supplier lifecycle through strategy, business engagement, tender, negotiation and contract management, ensuring the best interests of HSBC are served in managing HSBC and other areas of the Group's Agreements. Awareness of risk in Commodity area and how to mitigate commercially, contractually and operationally including CSR and Banking relationships.
Principal Accountabilities: Key activities and decision making areas
Impact on the Business
· Achieve annual savings as set in target for Commodity.
· Develop and deliver a commodity(ies) Procurement strategy in line with Procurement strategy.
· Understand business requirements and align commodity strategies to meet these requirements.
· Responsible for establishing, championing and delivering commodity targets that focus on cost, quality, service and innovation with the supply base. Identifying opportunities to create additional value and not just cost saving the category.
Customers / Stakeholders
· Be aware of potential commercial decisions which may influence existing or potential banking relationships by liaising as necessary with the appropriate Corporate/Retail Relationship Manager.
· Positively influences Commodity stakeholders by using a range of influencing styles
· Review of supplier relationships with different areas of the Group to ensure opportunities for synergy are fully exploited.
· Proactive relationship with stakeholder suppliers for Commodity
Leadership & Teamwork
· Exercise appropriate governance of Procurement policies and ensure standards are adhered to across Commodity team.
· Act as a role model for the values and principles of Group Procurement.
Operational Effectiveness & Control
· To negotiate and implement terms and conditions of contract so as to assure maximum benefit, contractual protection and risk minimization for the Group.
· To continually reassess the operational risk inherent in the business, taking into account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings and impact of new technology and financial stability of suppliers.
· Manage Commodity suppliers [within a Supplier Performance framework], paying particular attention to CSR and ethical trading practices and the global marketplace.
· Drive the use the standard Procurement sourcing process and associated tools of e-Procurement tools (e-Auctions, eRFX, etc
· To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
· Complete other responsibilities, as assigned.
Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)
· Continuing the expansion of Procurement Department's influence to new users within the Group
· Extension of e-Procurement within the local country and Group wide.
· Increase use and application of "e" tools and offshore resources to improve efficiency and free highly skilled resource to focus on enhanced value added opportunities.
· Delivery and ongoing management of Supply Management Transformation programme.
· External economic changes
Role Context (The environment and operating conditions of the role including the extent of guidance and authority)
· The Purchasing function within Procurement provides a professional Procurement service to every division of HSBC , to HSBC Holdings, to all HSBC Group companies in the local country, and increasingly to HSBC.
· The Senior Commodity Specialist will have full responsibility for their Commodity area and for all aspect of Procurement in relation to their Commodity (identification of supplier, correct specification of the product as per user requirements, price negotiation, contract terms, ordering, maintenance/support contracts, inventory management and disposal Management of the total life cycle of the given product/service and relationships both internal and external.
· Many of the demands from business are time critical with very short notice to react requiring a fast response and disciplined approach to avoid risks (delay or a wrong answer may cost the bank substantial sums of money) so balanced judgement under pressure is essential.
· The Senior Commodity Specialist must provide guidance and personal challenge and growth to support staff.
· The Senior Commodity Specialist is required to possess a high degree of expertise and market knowledge in their Commodity area and to provide advice and guidance on all Procurement related matters to internal customers including strategy and supplier management.
Management of Risk (Operational Risk / FIM requirements)
· Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
· The Senior Commodity Specialist will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviours required to support the Best Place to Bank principles of Make Better Products, Sell Them Properly and Keep Them Sold.
· Working within HSBC and Procurement policies, the Senior Commodity Specialist is responsible for negotiating and managing contracts and obtaining the appropriate level of sign-off from budget holder.
Observation of Internal Controls (Compliance Policy / FIM requirements)
· Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
· The Senior Commodity Specialist will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
· The Senior Commodity Specialist will adhere to all relevant processes/procedures and by liaise with Compliance department about new business initiatives at the earliest opportunity.
QualificationsKnowledge & Experience / Qualifications (For the role - not the role holder. Minimum requirements of the role
Secondary education essential Professional certification in procurement preferred.
CAPABILITIES AND SKILLS
General awareness, understands basic principles of:
Teamwork Supply Systems Strategic Sourcing Standard office software Project Management Process Analysis / Improvement Organisational Awareness Motivation Influence and Persuasion Appropriate Managerial Experience
Detailed knowledge of principles and applications:
Negotiating Managing Vendor Risk and Compliance General Procurement Process Customer focused Contracting Communication Change and Innovation Category/ Commodity Knowledge BuySmart Bid Review / Vendor Selection Ariba Contract Workspace Analytical Reasoning
Complete knowledge of, expertise acknowledged by peers:
eAuctions & eRFx
Industry: Financial Services and Banking
Job Function: Administrative and Clerical