Procurement Manager

Bidvest Bank; Sandton; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Bidvest Bank in Sandton is seeking a Procurement Manager to lead the end-to-end procurement strategy, governance, and supplier relationships in support of business objectives.

You will oversee budgets, cost-reduction initiatives, contracts, and a high-performance procurement team, ensuring compliance with BBBEE requirements and regulatory frameworks while partnering with stakeholders across Finance, Legal, and Operations.

Qualifications

• Bachelor’s degree in business administration or related field (CIPS preferred).
• 5–7 years’ experience in Finance and business roles.

Responsibilities

• Oversee procurement budgets and track spend against targets.
• Identify cost-saving opportunities and implement efficiency strategies.
• Draft and manage procurement contracts in line with policies.
• Lead and develop the procurement team for high performance.
• Ensure BBBEE and regulatory compliance across procurement activities.
• Maintain supplier databases and run ESG reporting.

Skills

Procurement processes

Legislation & Tender processes

BBBEE & Governance

Client relationships

Governance frameworks

Regulated environment knowledge

Risk management

Cost & efficiency

Commercial & business acumen

Education

Bachelor’s degree in business administration or Supply Chain Management or related field (CIPS preferred)

Job description

PRIMARY PURPOSE

The Procurement Manager is responsible for formulating, implementing, and continuously enhancing the Bank's procurement strategy to support business objectives, drive value creation, and ensure sound governance. The role provides leadership and oversight across the end-to-end procurement function, ensuring that all procurement activities are conducted in accordance with approved procurement policies, procedures, and delegated authority frameworks. This includes overseeing supplier due diligence processes, ensuring compliance with applicable legislation, regulatory requirements, and established tender processes, and mitigating procurement-related risks. The incumbent is also responsible for leading and managing the procurement team, fostering a high-performance culture through effective performance management, coaching, and capability development, while building strong stakeholder relationships to ensure procurement solutions align with the Bank's strategic and operational requirements.

TECHNICAL COMPETENCY REQUIREMENT

• Knowledge and Understanding of the Supply Chain (Procurement) processes and Procedures
• Expert Knowledge – Relevant Legislation, Principles and Tender processes
• BBBEE knowledge and Strong ethics and governance
• Fostering Client Relationships
• Governance Frameworks & Processes
• Knowledge of legislation and the regulated environment
• Risk Management
• Financial Performance (Cost & Efficiency)
• Commercial & Business Acumen

REQUIRED MINIMUM EDUCATION AND TRAINING

• Bachelor’s degree in business administration, Supply Chain Management, CIPS degree or a related field

REQUIRED MINIMUM WORK EXPERIENCE

• 5-7 years prior experience in Finance and Business roles

KEY PERFORMANCE AREA (KPA)

FINANCIAL

• Manage procurement budgets and track spending against targets.
• Identify cost-saving opportunities and implement strategies to reduce procurement costs.
• Analyse procurement data and trends to identify areas for improvement.
• Identify Suppliers in line with Code of Good Practice and business objectives
• Manage the Environmental, Social and Governance (ESG) requirements by increasing procurement spend on Preferential procurement, Qualifying Small Enterprises (QSE) and Exempt Micro Enterprises (EME) to meet BBBEE level 1 spend.

CUSTOMER CENTRICITY

• Facilitate the drafting, review, and management of procurement contracts and agreements.
• Ensure all contracts comply with company policies, legal requirements, and industry regulations.
• Monitor contract performance and address any issues or discrepancies.
• Implement processes that will ensure all suppliers have active contracts in place.

OPERATIONAL EXCELLENCE

• Develop strategic sourcing, full contract management to manage the total cost of ownership, measure productivity and value add in the procurement process.
• Develop and implement sourcing strategies with process flows (RFQ, RFP, RFI) reduce and monitor deviations across the business.
• Mitigate the risk of uncompetitive pricing.
• Maintain up to date procurement policies aligned to best practice.
• Train tender evaluation committees.
• Procurement lead on the implementation of new procurement system or any other system/ process efficiencies

PEOPLE LEADERSHIP

• Role-model a culture of customer centricity, accountability, and operational excellence to position the business appropriately in the market.
• Lead, direct, and develop the team within Procurement and facilitate achievement of the strategic objectives.
• Function as mentor and coach, manage operational output and performance of direct reports within the function.
• Develop talent by facilitating cross training, coaching, mentoring & growing individuals & team in the Business Units.
• Encourages career advancement endeavors.

DATA MANAGEMENT

• Manage and maintain up to date supplier databases incl BBBEE information for monthly supplier spend reporting and audit verification.
• Prepare reports on BBBEE spend including scorecards, capex monitoring, and any other reports.
• Provide Input into monthly supplier development and transformation reporting.
• Quarterly ESG reporting on supplier spend.
• Quarterly and annual Total Measure Procurement Spend (TMPS) calculation and reporting.

STAKEHOLDER MANAGEMENT

• Establish and maintain relationships with Key suppliers.
• Negotiate contracts, terms, and pricing to achieve best value for the Bank.
• Conduct supplier assessments and performance evaluations.
• Collaborate with all stakeholders on transformation initiatives and implementation.
• Ensure that all audit findings are closed and ensure continuous good corporate governance.
• Collaborate with internal stakeholders, including finance, operations, and legal departments, to align procurement activities with business needs.
• Advise Internal Departments on best practice for all projects (Request for Proposal (RFP) Request for Information (RFI) and Request for Quotation (RFQ) processes).

This position is advertised in line with our commitment to Employment Equity.