At a Glance
- Tasks: Lead sourcing strategies and optimise third-party spend for Barclays.
- Company: Join Barclays, a leading global bank committed to innovation and excellence.
- Benefits: Enjoy flexible working options, competitive salary, and professional development opportunities.
- Why this job: Make an impact in a dynamic environment while collaborating with diverse teams.
- Qualifications: Experience in stakeholder management, negotiation, and strategic thinking is essential.
- Other info: Positions available in Glasgow, Northampton, or Knutsford.
The predicted salary is between 43200 - 72000 £ per year.
Join us as an Assistant Vice President Sourcing Manager at Barclays, where you will optimise and address Barclays 3rd party spend requirements, including the definition, development and implementation of approaches for relevant spend categories and requirements with close collaboration within the business and execution of strategic sourcing and buying channel development/optimisation.
To be successful as an Assistant Vice President Sourcing Manager you should have experience with:
- Stakeholder Management
- Commercial Knowledge
- Negotiations and Influence skills
Some other highly valued skills may include:
- Resilience
- Self-starter
- Ability to work on multiple projects at once
- Good time management skills
You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills. This role can be based out of Glasgow, Northampton or Knutsford.
Purpose of the role: To optimise and address Barclays 3rd party spend requirements, including the definition, development and implementation of approaches for relevant spend categories and requirements with close collaboration with the business and execution of strategic sourcing and buying channel development/optimisation.
Accountabilities:
- Profile spend in category area and develop understanding of business strategy, business requirements, cost levers and opportunities.
- Collaboration with internal stakeholders to identify sourcing needs, develop requests for proposal and ensure sourcing activities align to the banks needs and priorities.
- Planning and execution of sourcing events including RFP/RFXs, negotiations to best meet the business requirements for value, speed, compliance, risk.
- Monitoring and guiding of controls and compliance requirements to be met through the category and sourcing cycle from request to contract, including regulatory engagement, controls, audits, data quality etc.
- Development, implementation and operation of policies and procedures for sourcing activities aligned to the policies, standards, relevant compliance and regulation.
- Identification and delivery of change opportunities to improve effectiveness, control and efficiency of sourcing processes including buying channel optimisation for relevant categories of spend (catalogues, demand challenge etc.).
- Identification of industry trends and development related to sourcing and category management by attending conferences, participating in training, and conducting market research on techniques and tools.
Assistant Vice President Expectations:
- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness.
- Collaborate closely with other functions/business divisions.
- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function.
- Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes.
- If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard.
- The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
- For an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identifying the need for the inclusion of other areas of specialisation to complete assignments.
- They will identify new directions for assignments and/or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practices (in other areas, teams, companies, etc.) to solve problems creatively and effectively.
- Communicate complex information.
- Influence or convince stakeholders to achieve outcomes.
All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.
Sourcing Manager employer: TieTalent
Contact Detail:
TieTalent Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sourcing Manager
✨Tip Number 1
Familiarise yourself with the latest trends in sourcing and procurement. Attend industry conferences or webinars to gain insights and network with professionals in the field. This knowledge will not only enhance your understanding but also demonstrate your commitment to staying updated.
✨Tip Number 2
Develop your stakeholder management skills by seeking opportunities to collaborate on projects. Engage with different departments to understand their needs and how sourcing can support them. This hands-on experience will be invaluable during interviews.
✨Tip Number 3
Practice your negotiation skills in real-life scenarios, whether through role-playing exercises or by negotiating small agreements in your daily life. Being able to showcase your negotiation prowess will set you apart from other candidates.
✨Tip Number 4
Brush up on your time management techniques. Juggling multiple projects is key in this role, so consider using tools like digital planners or project management software to organise your tasks effectively. This will help you demonstrate your ability to handle the demands of the position.
We think you need these skills to ace Sourcing Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in stakeholder management, commercial knowledge, and negotiation skills. Use specific examples that demonstrate your ability to manage multiple projects and your time management skills.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the role's requirements. Mention your resilience and self-starter attitude, and provide examples of how you've successfully influenced decision-making in previous roles.
Showcase Relevant Skills: When detailing your experience, focus on key skills such as risk management, strategic thinking, and digital technology. Use bullet points to make these skills stand out and relate them directly to the job description.
Research Barclays: Familiarise yourself with Barclays' values and mindset. Reflect these in your application by demonstrating how you embody respect, integrity, service, excellence, and stewardship in your professional experiences.
How to prepare for a job interview at TieTalent
✨Showcase Your Stakeholder Management Skills
Prepare examples of how you've effectively managed stakeholders in previous roles. Highlight your ability to communicate clearly and build relationships, as this is crucial for the Sourcing Manager position.
✨Demonstrate Commercial Knowledge
Brush up on your understanding of market trends and cost levers relevant to sourcing. Be ready to discuss how you can apply this knowledge to optimise third-party spend at Barclays.
✨Prepare for Negotiation Scenarios
Expect to be assessed on your negotiation skills. Prepare to discuss past experiences where you successfully influenced outcomes, and consider role-playing negotiation scenarios with a friend to build confidence.
✨Exhibit Resilience and Time Management
Be ready to share examples of how you've handled multiple projects simultaneously and maintained high performance under pressure. This will demonstrate your resilience and effective time management skills, which are highly valued for this role.