Sourcing Manager

  • Deutsche Bank
  • London, United Kingdom
  • Jul 18, 2017
Full time Communication Management

Job Description

The Senior Sourcing Manager is accountable for delivering the sourcing vision and strategy to meet Divisional business goals and client needs for a specified portfolio of complex sourcing interactions for Buildings & Leases, Facilities Management and Document Services categories. These include, Construction, Building Transactions, Architects & Engineering, Maintenance & Cleaning, Utilities, Project Management, Postage and Mail


You will translate the strategy into objectives and plans for implementation to deliver best-in-class strategic sourcing and category management. The focus is on developing deeper commercial and cost discipline capability within the Bank, determining future opportunities to drive new behaviours in the business.


Accountability for championing and implementing the strategic sourcing process to deliver significant cost reductions by executing at scale strategic sourcing initiatives which leverage emerging market development to change service and cost dynamics.


  Key Responsibilities:


  • Leads the execution and supports the development of Category-based sourcing processes for assessing and fulfilling current and future sourcing needs.
  • Manages complex sourcing deals, driving the supplier selection and negotiation process for key sourcing events. Guides the execution of strategy for all Tier 2 and 3 category spend
  • Leads the development of annual and medium-term strategic plans, in collaboration with clients and colleagues, for all new sourcing projects, ensuring savings are built into budgets and the annual operating plan. Identifies specific sourcing projects/initiatives for the year including expected savings, resource requirements and associated timescales for completion.
  • Ensures clear alignment between sourcing objectives and client’s short and longer term interests. Focuses on rationalising the vendor base whilst fostering supplier development through supporting a world class internal vendor management capability
  • Executes strategies to extract supply-side savings and manage demand-side consumption in order to lower the Bank’s Total Cost of Ownership (TCO) for external spend as it relates to the specified category
  • Develops strong, productive working relationships with clients at a senior level. Builds and maintains a robust understanding of the client’s business strategy, key drivers and current issues to inform the development of product/service implementation strategies that will meet client needs, and which reflect external market trends, competition considerations, macro-economic factors and Deutsche Bank strategic direction
  • Leads the implementation of innovative business change solutions, including Deutsche Bank wide initiatives. Plays an active role in new product/service development, process and performance improvement initiatives, to deliver industrialised solutions and client optionality. Reinforces the ‘Voice of the Customer (VOC)’ within the Division, conveying the key drivers and issues that impact client groups, and recommends solutions
  • Actively manages sourcing performance, both self-delivered and through Sourcing Managers, against agreed financial and non-financial targets. Drives implementation of sourcing strategies to secure TCO reductions in line with forecasts and ensures sourcing-driven impacts are reflected in business unit operating budgets
  • Collaborates with Service Delivery Management and Vendor & Performance Management to review the performance of strategic partners and local vendors. Works with the wider team to identify and execute continuous improvement initiatives that deliver both incremental and step change in performance


Skills & Qualifications:


  • Extensive experience in managing sourcing projects in a Real Estate & Facility Services-related categories
  • Experience in playing a leadership role in complex sourcing projects, commercial negotiations, and managing senior internal and external stakeholder relationships
  • Successful, multi-year track record in a sourcing or a vendor management organisation
  • Experience working in the Financial Services industry
  • Strong team leader and team player, able to work in virtual, global teams in a dual reporting matrix organisation
  • Excellent relationship management, analytical, problem solving, financial management, strategic agility, communication, influencing and presentation skills
  • Excellent communication skills, fluent in English (written and verbal), other language skills welcome
  • Strong business planning skills
  • Knowledge of London Real Estate market
  • Exposure to a broad range of client groups and business challenges. Willing to take the tough decisions

Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.

Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.