Thoucentric - Category Manager

Responsibilities:

- The Category Manager defines and implements the strategy of the relevant category, whilst driving sourcing initiatives as required, whether it is for operational, or project related work as required.

- The Category Manager promotes and works within the agreed Third-Party Management Framework (TPM) and is a strong advocate for the Procurement Team procedures, while promoting value-add that will assist CLS to meet its targets. In addition, the Category Manager supports the Head of Procurement in developing CLS Procurement capabilities, transforming it from a tactical requisition-based engagement model to a function supporting strategic vendor-based decisions.

- Research and identify innovative procurement solutions for assigned category or initiative.

- Develop category strategy plans, including road map and stakeholder mapping.

- Develop effective relationships with internal stakeholders that support the Procurement strategy.

- Develop effective relationships with 3rd Parties, adhering to emerging SRM framework.

- Lead and communicate with cross-functional teams to execute strategy and drive performance.

- Raise and maintain Procurement Profile

- Conduct strategic sourcing initiatives including fact-based negotiations (vendor and industry analysis, benchmarks and cost structure analysis)

- Negotiate commercials and contract terms with support of legal and Risk Domains.

- Mitigate contractual risks as identified in the service segmentation and work with the internal stakeholders to ensure they understand and ultimately own the risks not mitigated.

- Ensure each treatment strategy of the vendor, used for on-going monitoring, is adequately contracted and communicated to the relevant service owner and vendor relationship owner.

- Support vendors exit strategy.

- Ensure sourcing and category initiatives meet the top corporate objectives of the organisation.

- Report and track benefits and performance of implemented category plans

- Lead and support the business to utilise the P2P (Purchase to Pay) system to ensure compliance with financial standards.

- Improve TPM Lifecycle through a series of enhancements.

- Support the remediations of any Procurement findings derived from either Internal Audit or FRBNY examinations.

- Leads by example

- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across CLS

- Ability to use strong interpersonal and leadership skills, to effective coach, assist others with personal development, while being emotionally resilient and able to maintain high performance.

Requirements:

Experience & Required skill:

- Minimum 5 years plus in similar role.

- Degree and Procurement certification achieved (i.e. CIPS).

- Experience working for an FMI ( Financial Market Infrastructure) is preferable.

- Coaching experience required.

- Knowledge, skills and abilities / competencies required for successful job performance

Knowledge:

- Procurement and Supply Chain in-depth knowledge

- Contract Law and legal knowledge relevant to Procurement activities

- Experience of applying Procurement skills and techniques to positively disrupt business strategy and outcomes.

- Proven track record in taking ownership for resolving issues within Procurement environment.

- Excellent Stakeholder management skills with the ability to build and maintain complex and multiple business stakeholder relationships.

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