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For Companies At a Glance
- Tasks: Drive strategic sourcing and optimise spend using AI tools and data analytics.
- Company: Join Goldman Sachs, a leading global investment banking firm with a diverse culture.
- Benefits: Enjoy competitive salary, health benefits, generous vacation, and professional development opportunities.
- Why this job: Make an impact in procurement while collaborating with diverse teams and leveraging cutting-edge technology.
- Qualifications: 3-5 years in strategic sourcing, strong analytical skills, and excellent communication.
- Other info: Dynamic work environment with opportunities for career growth and travel.
The predicted salary is between 36000 - 60000 £ per year.
Opportunity Overview
The Corporate Planning & Management (CPM) Division unifies Finance & Planning, Spend Management, Operational Risk and Resilience, and CPM Engineering teams to deliver business planning and analytics, expense management, third party risk management, and governance strategies across the firm.
CPM has 5 operating pillars:
- Finance & Planning: Supports the execution of the firm’s strategic objectives through the management of the planning process, firmwide reporting and analytics and insights into the firm’s business plans and budgets.
- Global Procurement: Strategically enables the firm’s engagement with third parties, ensuring robust commercial and compliance controls while driving sustainability.
- Product & Reporting: Manages end-to-end product lifecycle and reporting capabilities for vendor-supplied and internally developed solutions.
- CPM Engineering: Provides engineering solutions that enable the firm to manage third-party spend, data and automation, plan budgets, forecast financial scenarios, allocate expenses and support corporate decision making in-line with the firm’s strategic objectives.
- CPM Management: Includes senior leadership and teams that provide strategic oversight and operational support across the division.
Role Overview
Professionals in CPM have an analytical mindset, exhibit intellectual curiosity, and are from diverse academic backgrounds. This role sits within Global Procurement and requires collaboration with different functions across the firm on a regular basis, an ability to work independently, and frequent interaction with senior stakeholders.
The role requires a highly motivated and commercially astute Strategic Sourcing buyer to join our Strategic Sourcing team. In an increasingly AI-enabled sourcing environment, this role is critical in driving strategic value, optimizing spend, leading negotiations with suppliers, and fostering robust supplier relationships.
Job responsibilities will include, but are not limited to:
- Strategic Sourcing & Category Management: Support development and execution of category strategies aligned with organizational objectives, leveraging market insights and AI-driven analytics to identify opportunities for cost savings, value creation, and risk mitigation.
- Stakeholder Management & Influence: Serve as a primary point of contact and strategic advisor for assigned business partners, translating business goals and risk appetite into effective sourcing strategies.
- Commercial Acumen & Negotiation: Demonstrate strong commercial acumen, understanding cost structures, licensing models, contract terms, and financial levers to drive value-based procurement decisions.
- AI-Enabled Sourcing Environment: Actively leverage AI to support understanding of spend, supplier performance, risk monitoring, and contract intelligence.
Qualifications
Minimum three to five years’ experience in Strategic Sourcing and Category management, particularly in the indirect spend with a preference in corporate services sourcing.
Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham ... employer: Goldman Sachs Bank AG
Contact Detail:
Goldman Sachs Bank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham ...
✨Tip Number 1
Network like a pro! Reach out to people in your field, attend industry events, and connect with alumni. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. Understand their values, recent projects, and how your skills align with their needs. This will help you stand out and show you're genuinely interested.
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or use online platforms. This will help you refine your answers and boost your confidence when it’s time to shine in front of the real interviewers.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the position and appreciation for the opportunity.
We think you need these skills to ace Corporate Planning & Management, Global Procurement (Strategic Sourcing), Associate, Birmingham ...
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the role. Highlight your experience in strategic sourcing and category management, especially in corporate services. We want to see how your skills align with our needs!
Showcase Your Analytical Skills: Since this role requires a strong analytical mindset, include examples of how you've used data analytics or AI tools in your previous roles. We love seeing candidates who can leverage insights to drive decisions!
Communicate Clearly: Your written communication skills are key! Ensure your application is clear, concise, and free of jargon. We appreciate straightforward language that gets to the point, especially when it comes to complex topics.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Goldman Sachs Bank AG
✨Know Your Stuff
Before the interview, dive deep into the company's procurement strategies and recent projects. Familiarise yourself with their approach to strategic sourcing and how they leverage AI tools. This will not only show your interest but also help you speak confidently about how you can contribute.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used data analytics in your previous roles. Highlight how you’ve conducted spend analysis or market research to drive cost savings or value creation. Being able to articulate your analytical mindset will resonate well with the interviewers.
✨Build Relationships
Emphasise your experience in stakeholder management. Be ready to share instances where you’ve successfully collaborated with different departments. This role requires strong relationships across various functions, so demonstrating your ability to influence and align stakeholders will be key.
✨Be Ready to Negotiate
Since negotiation is a big part of this role, prepare for potential scenario questions. Think about how you would approach negotiations with suppliers, focusing on securing optimal terms while maintaining long-term relationships. Show that you understand the balance between risk and reward in procurement.
