Purpose of the role
The Procurement Business Partner will partner with specific business areas across the Bank to provide procurement support in line with the Third Party Management (TPM) framework. Developing effective stakeholder relationship, the role holder will be responsible for embedding the TPM framework, driving engagement from business stakeholders and ensuring compliance with policy whilst delivering value through commercial optimisation and prudent but practical risk management.
As part of the recently established Third Party Management (TPM) function, the role holder will ensure that our business owners are professionally partnered by the Bank TPM in managing the Bank’s third party suppliers.
Procurement Business Partnering
Build short term tactical and medium/long term strategic understanding of needs of focus business areas.
Establish effective stakeholder relationships, working collaboratively to deliver value and mitigate risk to become trusted strategic partner.
Build a pipeline of sourcing projects within focus business areas, working closely with business owners to create compliant, fast and effective strategies.
Execute sourcing strategies using best practice methodologies, including e-sourcing platform, working with business and finance to identify, measure and track value added.
Work within the Third Party Management framework at all times to ensure prudent and practical management of risk whilst always striving to meet the needs of business stakeholders.
Continue to develop knowledge of relevant markets, supply and demand dynamics, supplier roadmaps and innovative solutions to add strategic value to interactions with business stakeholders.
Commit to an ethos of continuous improvement, always seeking feedback (both structured and anecdotal) to identify opportunities to enhance the TPM framework and working practices.
Be an ambassador for the Third Party Management function, utilising every opportunity to communicate the value add available through early engagement and open dialogue
Risk & Compliance
Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required