Company overview
Nomura is a global financial services group with an integrated network spanning over 30 countries and regions. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com
Department overview
Nomura is currently in the process of establishing a new Global Sourcing function to operate across Nomura Group companies, regions and functions to deliver an ongoing contribution to cost efficiency and commercial/contract risk mitigation associated with vendor engagements, and drive efficiencies through spend category commercial support, vendor/contract consolidation and Group-wide economies of scale.
Role description
Working as part of a Category team that operates as part of an overall Global Technology Sourcing team. Making an ongoing, tangible contribution to cost efficiency and commercial/contractual risk management, through:
- Supporting the Global Sourcing Category Lead – Network and Infrastructure in developing the overall spend category strategy in partnership with key stakeholders and managing the effective delivery of that strategy
- No direct reports however there will be some workload oversight of, and close collaboration required with members within the Global Sourcing team located in numerous Nomura regions
- Managing and/or providing oversight to category-wide efficiency and governance initiatives
- Effective management and delivery of new deals and renewals, including:
o Influencing the adoption of appropriate sourcing strategies and activities
o Leading RFPs and renewals, including complex and high-profile commercial/contractual negotiations
o Significant interaction with senior internal clients and senior representatives from external vendors
o Creating and presenting impactful deal summaries/recommendations
o Working as part of cross-functional and cross-regional teams
o Maintaining deal pipelines
- Providing a commercial advisory service to key stakeholders
- Meeting or exceeding a range of financial and non-financial performance targets
- Ability to build and maintain collaborative working relationships with stakeholders
- Build strong supplier relationships and supplier management programmes; driving initiatives with suppliers in co-ordination with the business and corporate functions
- Making a material contribution to the ongoing development of Nomura’s Global Sourcing function, including policy and procedures
- Providing support and coaching to other members of the Category team with an emphasis on development of the more junior members of the team
- Where applicable, the execution of Business Continuity plans and pro-active operational risk management
Skills, experience, qualifications and knowledge require
- Degree level qualification or equivalent
- CIPS or other professional Sourcing/Procurement qualification desirable
- Minimum 10+ years of experience of sourcing the relevant spend categories in a blue-chip environment, with some experience of Category Leadership and a proven track record of successfully leading commercial and contract activities, including:
o Supporting the Global Sourcing Category Lead – Network Infrastructure, and leading the development and maintenance of strategic Category-wide plans and initiatives in conjunction with stakeholders
o Portfolio opportunity analysis and subsequent benefit delivery
o Interacting and influencing at senior management level
o Effectively influencing the sourcing strategy for individual projects
o Leading internal/market analysis, competitive bidding and negotiation activities for regional and global agreements, with a range of value and complexity
o Re-negotiation and value extraction from embedded legacy / incumbent suppliers
o Knowledge of the pricing and contracting mechanisms for global enterprise level suppliers
o Excellent understanding of commercial levers and legal terms and conditions relating to Network Infrastructure contracts
o Understanding of different Network Infrastructure services, platforms, licensing arrangements, pricing frameworks
o Ability to identify contractual, operational and commercial risks in particular complex projects and apply mitigation measures without impacting project delivery objectives
o Knowledge of supply market, supplier capabilities, and expected trends at a geographic and global level
- Experience in a Banking environment may be an advantage, but is not essential
- Staff management experience essential and cross-regional team experience an advantage
- Ability to motivate, organise and develop team members
- Strong and experienced commercial and contract negotiator
- Is highly credible, an effective communicator (written and verbal) and is able to influence senior external vendors and senior internal clients
- Self-starter who can work with minimal supervision and manage a large volume of projects
- Can contribute effectively to and/or co-ordinate cross-functional teams
- Can drive projects to a conclusion while maintaining a high quality of task delivery
Diversity Statement
Nomura is committed to an employment policy of equal opportunities, and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender or sexual orientation.
DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time
SFID: 8318
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