Sourcing Manager reference: 0000024360

Assistant Vice President, Sourcing Manager at Barclays: A Strategic Opportunity for Career Growth

Barclays is seeking a dynamic and experienced Assistant Vice President (AVP) Sourcing Manager to play a pivotal role in optimising the company's third-party spend. This position offers a significant opportunity for ambitious professionals to make a tangible impact on a global financial institution while advancing their career in strategic sourcing and procurement.

What the Role Entails:

As an AVP Sourcing Manager, you will be instrumental in defining, developing, and implementing strategic approaches for various spend categories. This involves close collaboration with internal business units to understand their requirements and execute strategic sourcing initiatives, including the development and optimisation of buying channels. The core purpose of this role is to ensure Barclays achieves optimal value, compliance, and risk mitigation in its third-party expenditures.

Key Responsibilities and Accountabilities:

• Category Profiling and Strategy: Gain a deep understanding of spend within your designated categories, aligning sourcing strategies with the overarching business objectives.
• Stakeholder Collaboration: Work closely with internal stakeholders to identify sourcing needs, develop comprehensive requests for proposals (RFPs/RFXs), and ensure sourcing activities meet the bank's priorities.
• Sourcing Event Management: Plan and execute sourcing events, leading negotiations to secure the best outcomes in terms of value, speed, compliance, and risk management.
• Control and Compliance: Oversee and guide the adherence to critical controls and compliance requirements throughout the sourcing lifecycle, from initial request to final contract.
• Policy Development and Implementation: Develop and implement robust policies and procedures for sourcing activities, ensuring alignment with Barclays' standards, relevant compliance, and regulatory frameworks.
• Process Improvement: Drive change and identify opportunities to enhance the effectiveness, control, and efficiency of sourcing processes, including optimising buying channels (e.g., catalogues, demand challenge).
• Industry Insight: Stay abreast of industry trends and best practices in sourcing and category management through active participation in training, conferences, and market research.

Advantages for Your Career Path:

• Strategic Impact: This role offers the chance to directly influence and optimise significant third-party spend, making a measurable contribution to Barclays' financial health and operational efficiency.
• Cross-Functional Collaboration: You will have the opportunity to work with a diverse range of business divisions and functions, broadening your understanding of the organisation and enhancing your stakeholder management skills.
• Leadership and Influence: As an AVP, you will be expected to advise, influence decision-making, and contribute to policy development. Depending on the specific team structure, you may lead a team, developing your people management and coaching capabilities.
• Risk and Controls Expertise: Develop a strong command of risk mitigation strategies and control enhancement within the procurement lifecycle, a highly valued skill in the financial services sector.
• Change Management and Transformation: Contribute to and lead transformation initiatives that improve sourcing processes, equipping you with valuable experience in driving organisational change.
• Professional Development: Barclays' commitment to continuous learning means you'll have opportunities to attend conferences and training, keeping your skills sharp and your knowledge current.

Key Considerations for Candidates:

• Experience: A proven track record in Stakeholder Management, Commercial Knowledge, and strong Negotiations and Influence skills is essential.
• Proactiveness: The ability to be a self-starter, demonstrating resilience and excellent time management skills, will be crucial for success in a fast-paced environment.
• Multitasking: The capacity to effectively manage multiple projects simultaneously is a key requirement.
• Strategic Thinking: Candidates will be assessed on their business acumen, strategic thinking capabilities, and understanding of digital and technology relevant to sourcing.
• Leadership Potential: If the role involves team leadership, demonstrating the Barclays LEAD behaviours (Listen and be authentic, Energise and inspire, Align across the enterprise, Develop others) will be a focus. For individual contributors, leading collaborative assignments and guiding team members is expected.
• Barclays Values and Mindset: Alignment with Barclays' core values of Respect, Integrity, Service, Excellence, and Stewardship, and the Barclays Mindset of Empower, Challenge, and Drive, is fundamental.

Location:

This role offers flexibility with opportunities available in Glasgow, Northampton, or Knutsford.

This Assistant Vice President Sourcing Manager position at Barclays presents an exciting avenue for professionals seeking to deepen their expertise in strategic sourcing, influence organisational strategy, and advance their leadership capabilities within a respected global financial institution.