Head of Sourcing in London

The Global Commercial Services Department at ICBC Standard Bank Plc is based in London with the aim of satisfying the business requirement for goods and services in a timely manner at the lowest practicable cost.

The annual 3rd party in-direct spend is circa $300m across a wide range of technology and non-technology commoditised and specialist goods and services.

The department ensures the use of company resources in purchasing goods and services is based on adherence to the specific policies and procedures which are in place at ICBC Standard Bank Plc.

What you'll be doing

To lead the development and continuous improvement of the Bank’s sourcing strategy across all non‑trading categories, overseeing day‑to‑day sourcing activity and line-managing two team members.

Responsible for ensuring alignment with Procurement Policy, third‑party risk requirements, and Financial Crime Compliance obligations.

The role will also oversee market analysis, benchmarking, tender management, contract negotiation support, and supplier performance reporting

• Leadership & Team Management
• Lead, coach and develop two direct reports (Senior Transactional Sourcing Analyst and Buyer – Indirect).
• Allocate sourcing workload and ensure consistent application of Procurement Policy, Do A and governance requirements.
• Act as senior escalation point for sourcing and stakeholder queries
• Category Management
• Oversee execution of Category Plans to agreed timelines with Stakeholders ensuring risks appropriately managed and savings delivered.
• Lead the analysis and set category spend baseline and category profile, incl. risk assessment and purchasing strategy liaising with other departments as required.
• In collaboration with other teams, define the Buying Channel strategy and assess P2P/Channel effectiveness
• In collaboration with the business teams measure category practices against best-in class benchmarks to identify value delivery initiatives
• Build specific Category Strategy in line with direction set-out by the Head of Procurement and having regard to regional requirements included in the plan.
• Support the GCS Operations Lead with P2P queries and management of related stakeholders as required.

Provide cover and act on behalf of GCS Operations Lead in their absence Support alignment with global business strategies and financial plan

• Provide senior oversight of complex sourcing events and commercial negotiations
• Ensure sourcing pipelines, risks, and deliverables are clearly communicated to the Head of Procurement
• What you’ll need to be successful
• Experience of working in a regulated environment, ideally Financial Services
• Extensive Category Management and Sourcing experience beneficial if you had IT buying experience (Software, Infrastructure and Services).
• Organisation skills including project management with a good track record of meeting deadlines and managing priorities.
• Good attention to detail and ability to think strategically at the same time
• Versatile and flexible approach allowing to adapt to evolving situations.
• Ability to build strong business partnerships both internally and externally
• Innovative and lateral thinking in order to achieve optimal results.
• Proven leadership experience, including coaching or managing sourcing professionals
• Strong commercial judgement with the ability to handle escalations and influence senior stakeholders.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets.

We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise.

We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team.

We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves.

We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay.

Coaching for family leave returners and access to emergency care via My Family Care.

Paid fertility and miscarriage leave.

• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
• Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role
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