Strategic Sourcing - Global Procurement, VP

Position Overview

In Scope of Position based Promotions (INTERNAL only)

Job Title: Strategic Sourcing - Global Procurement, VP

Location: Mumbai, India

Role Description

Global Procurement is a global function, providing end-to-end strategic sourcing with robust category management and best-in-class Source-to-Pay operations. Together, we oversee all of Deutsche Bank's third-party spend. We are united by a commitment to uncompromising quality through innovative solutions, the development of talented people and a willingness to challenge ourselves and others.

A rare opportunity to join a diverse and visible Strategic Sourcing team managing multiple categories, based in Mumbai, India. Currently, we are recruiting for a self-driven and innovative individual to support the rapidly growing coverage of procurement in India and APAC.

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that you'll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Leads complex negotiations whilst managing matrixed internal stakeholders
• Manage sourcing deals, driving the supplier selection and the negotiation process for products across all categories, i.e., IT & non-IT categories.
• Carrying out market analysis and tenders to select suppliers for products, services, and strategic projects.
• 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 DB strategic direction.
• Lead and support the development of annual and medium-term strategic plans, in collaboration with clients and global 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.
• Leads the execution and supports the development of Category-based sourcing processes for assessing and fulfilling current and future sourcing needs, acting as process owner and champion for the strategic sourcing and consumption management processes in their area of category spend.
• Execute strategies to extract supply-side savings and manage demand-side consumption in order to lower the Bank's Total Cost of Ownership for external spend as it relates to the specified category.
• Highlights operational, regulatory, and other risks to the Category lead and Country Head. Takes ownership for sourcing issues and actively participates in their resolution.
• This leads the implementation of innovative business change solutions, including DB wide initiatives.
• Collaborate with the wider Global Procurement team including, Service Delivery Management and Contract managers and supplier relationship teams to review the performance of strategic partners and local vendors against service, price, quality and innovation dimensions. Works with the wider team to identify and execute continuous improvement initiatives that deliver both incremental and step changes in performance targeting areas such as TCO reductions, process effectiveness, supplier management and performance measurement.
• Continually reviews the category and industry environment to gather insights, develop knowledge artefacts and shares with key stakeholders and team/colleagues.

Your skills and experience

• Bachelor's degree (or equivalent) from an accredited college or university (or equivalent)
• Relevant experience in procurement, including managing complex sourcing projects across multiple categories.
• Able to work in virtual, global teams in a dual reporting matrix organization.
• Exposure to a broad range of client groups and business challenges.
• Experience in complex commercial and contractual negotiations
• Strong interpersonal skills, able to work in virtual, global teams in a dual reporting matrix organization.
• Excellent communication skills, fluent in English (written and verbal).

How we'll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

We strive for a in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.