Sourcing Manager

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 category in financial services procurement has become available, based in Bucharest, Romania. Globally, Employee Services encompasses everything from pensions to health, contingent labour to graduate recruitment, permanent screening to training and employee gifts and sports. Currently, we are recruiting for a self-driven and innovative individual to support the rapidly growing coverage of procurement in this category, focused on Global Benefits but with broad experience of the HR category.

Role Description

• Leads complex negotiations whilst managing matrixed internal stakeholders
• Manages sourcing deals, driving the supplier selection and the negotiation process for products across all 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 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.
• Executes 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 Category Head. Takes ownership for sourcing issues and actively participates in their resolution.
• Leads the implementation of innovative business change solutions, including DB wide initiatives.
• Collaborates 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 change 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, develops 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. Having knowledge of Employee Services category with focus on the Benefits category beneficial

Able to work in virtual, global teams in a dual reporting matrix organisation.

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), German is beneficial.

How we’ll support you

• Training and development to help you excel in your career.

• Flexible working to assist you balance your personal priorities including 40% working from home.

• 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.
• We value diversity and as an equal opportunities’ employer

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• A rewarding work: we offer a purpose, a competitive income and promotions based on performance 

• Managers that empower your ideas and your decision-making abilities. You’re encouraged to show your good vibe, determination, and open mindedness 

• A professional, passionate, driven, but at the same time fun workplace. It is also flexible, including Work from Home opportunities] 

• Medical providers to choose from with premium benefits for you and your loved ones 

• The better you feel, the better you work. We nurture you with an on-site gym, highly modern office that includes plenty of fun and relaxing areas to boost your creativity. We also facilitate copiously retailer discounts, cultural and CSR activities, employee sport clubs, workshops & more. 

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.