JOB SUMMARY

• Supply Chain Management (SCM) is responsible for the strategic direction and governance of all third-party spend, which accounts for over 40% of the bank’s cost base.  The Procurement and Property FFG transversal stream has responsibility to deliver over USD 200m of cost reductions, and to support an additional USD 550m of saves relating to third-party costs in TTO.
• This role is responsible for analysis of savings recorded, against forecasted, and savings leakage where forecasted saves were not captured.  Savings leakage can be due to a range of scenarios including off-panel spend, being overcharged versus contracts, being charged out-dated prices, specification creep leakage and under-utilisation of contracted benefits.
• The successful candidate will work closely with the FFG Procurement and Property Portfolio Head, the Portfolio team and the Global Category Leads to derive the savings leakage baseline for 2023 (with FFG funded external support), and then monitor this on an on-going basis.  This is a critical piece of work to determine savings attributable to FFG Procurement and Property.

RESPONSIBILITIES

Strategy

• Drive the creation of savings leakage analysis to determine the extent to which our category strategies are effectively capturing the benefits expected.
• Instrument mechanisms and processes to ensure the accuracy of savings leakage analysis which will be a key SCM KPI.
• Provide feedback and recommendations to Global Category Leads when Category Strategies need to be updated to remediate and remove future savings leakage.
• Provide analytics for Global Category Leads to be able to feedback on opportunities missed to the business.
• Recommend ways to improve savings capture and enable the businesses to meet their interlocked corporate plan targets.

Processes

• Establish and oversee a solid process for deriving and tracking spend leakage across the bank.
• Create mechanisms to track effectiveness of contracts negotiated by SCM, and savings logged and tracked by SCM and FFG.
• Identify and deliver actions to improve the quality of deliverables based on monitoring and reporting activities and management information.
• Stakeholder Management - establish working relationships with key stakeholder across the portfolio.
• Implement compliance and controls set by the FFG Control Tower.
• Production of accurate and quality materials to track and report establishment of leakage monitoring.
• Ability to communicate effectively and comfortably with different levels of seniority across the organisation.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct. 
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Group Head, Supply Chain Management
• Head, Procurement and Property Fit For Growth Portfolio
• CFO, Strategy and Talent
• Supply Chain Management Leadership Team and MT
• Global Category Leads
• Head of Requisition to Pay
• Global Process Manager – Source to Pay

Other Responsibilities

• Embed Here for good and Group’s brand and values in SCM; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); Assist across all areas of Procurement and Property FFG Portfolio

Qualification

• Education     Degree or equivalent qualifications

Role Specific Technical Competencies

• Business Analytics 
• Internal Controls 
• Operational Risk 
• Organisational Governance 
• Standard Operating Procedures 
• Strategic Sourcing 
• Project Management 
• Source to Pay process

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.