Head of Sourcing, Group Procurement

Nordea is a leading Nordic universal bank.

Job ID: 10840 
In today’s world, change is the one thing you can count on. But whatever the future brings, our customers remain at the heart of everything we do. 
About this opportunity
Group Procurement owns and executes the full Source to Pay process for the Bank. Group Procurement is part of Group Finance with reference to the Group CFO. We contribute to the Bank’s cost, compliance and sustainability agenda and play an important role in reaching the targets of the Bank’s 2025 strategy.
We are now looking for an experienced leader to head up our Sourcing team and take on the role as the Chief Negotiator in Group Procurement. 
You will lead the Sourcing team who drives tenders and re-negotiations with external suppliers ranging from low value/low risk engagements to the largest mission critical partnerships in Nordea. Your working environment will be dynamic, fun and fast-paced with colleagues across a variety of countries and banking areas. 
You will be part of the Group Procurement management team and cooperate closely with other teams to achieve the goals of Group Procurement. You will report into Head of Group Procurement located in Denmark.
Your future responsibilities
You will lead the Sourcing Unit of 25 highly skilled sourcing managers divided into three teams located in Denmark, Poland, Sweden, and Finland. Each team has a team leader who will be reporting to you. You will also assume the role as the Chief Negotiator and lead the largest and most complex supplier negotiations while ensuring negotiation capabilities are developed and maintained throughout the team. The sourcing projects you will be responsible for cover a spend base of EUR 1b.  
In brief, you will:
* Execute 300+ sourcing projects annually with high quality and in accordance with the defined processes
* Manage the sourcing project pipeline, including opportunity identification in cooperation with business stakeholders and other procurement teams
* Lead a great team of highly skilled sourcing managers, providing them with continuous capability building and development, performance management, setting the direction, and acting as a role model for our values 

Who you are
Collaboration. Ownership. Passion. Courage. These are the four key values that guide us in being at our best. 
We are looking for a proactive, energetic and result-driven individual to take our Sourcing team to the next level. 
To succeed in this role, you have a superior understanding of sourcing and contracting processes, from managing efficient operation for low value/low risk engagements to leading the largest and most complex engagements. This means that you master commercial models, pricing schemes, business case management, TCO/TVO etc. You have a proven track record as a negotiator on strategic and tactical level. You have a solid understanding of risk & compliance, e.g. third party risk management including information security, business continuity, sustainability etc., and you are able to implement regulations into operational procedures. Finally, it is crucial that you are able to manage your stakeholders efficiently at all organisational levels up to the senior leadership.

Your profile and background:
* 10+ years of procurement experience
* Excellent understanding of end-to-end procurement processes, in particular sourcing and contracting processes, and being fluent in the legal aspects of supplier contracts Experience in driving business process outsourcing projects is an advantage
* Superior negotiation skills both from a theoretical perspective as well as a proven track record of successfully applying the skill in complex negotiations
* Solid understanding of risk and compliance, including third party risk management, hereunder information security, business continuity, sustainability, financial crime, data privacy etc. Experience with the EBA Guidelines on Outsourcing is an advantage
* Exceptionally strong commercial acumen and ability to think out-of-the-box to achieve our ambitious financial targets
* Solid stakeholder management skills at all levels, including senior management
* Performance mindset and a proven track record of driving a performance culture in a team
* Experience in international leadership roles or working in an international company with diverse cultures and nationalities will be seen as an advantage
* Experience from the banking industry is an advantage
* Fluency in English, both written and spoken 
* Degree in Law, Business, Economics, Operations, Supply Chain Management or similar

If this sounds like you, get in touch!
Next steps

Please submit your application no later than 26/06/2022. For more information, you’re welcome to contact Head of Group Procurement Morten Hedegaard, +45 61223264, morten.hedegaard@nordea.com.