
at BNP Paribas
Investment BankingPosted 8 days ago
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**Associate - Sourcing Specialist NAR | Procurement & Performance ISPL** Support NAR Procurement team as a Sourcing Specialist, managing medium to low complexity projects (IT, Professional Services, Corporate Services). Execute sourcing initiatives from RFx documents to response analysis, facilitating vendor selection. Analyze spend data, create savings strategies, and manage contracts. Collaborate with cross-functional teams, gather requirements, and provide market analysis. Utilize MS Excel, PowerPoint, and SharePoint, with a minimum of 4-7 years of relevant experience in sourcing and procurement. Bachelor's degree required, Supply Chain qualifications a plus. Work 6 PM to 3 AM IST with NAR holidays applicable. Based in Mumbai (Thane & Goregaon).
- Compensation
- Not specified
- City
- Mumbai
- Country
- India
Currency: Not specified
Full Job Description
Job Title: Sourcing Specialist
Department: Procurement & Performance - ISPL
About Business line/Function:
Procurement & Performance ISPL NAR Transactional Sourcing team under the procurement CoE provides sourcing support to NAR Region. This team works very closely with the NAR Sourcing team daily to support NAR Business teams meeting their procurement needs.
Position Purpose:
This position is for the role of Buyer (Sourcing Specialist) within Procurement department to support the onshore Sourcing manager in execution of their Sourcing initiatives.
The desired candidate must have 4 - 7 years of relevant experience in Sourcing & Procurement domain. Self-Motivated & Confident individual with a very high positive attitude offering a unique blend of expertise grounded in theory and practice like Procurement and Sourcing Analysis, Data Analytics & Procurement Operations. They will be supporting North America (NAR) Procurement team in their sourcing initiatives Activities ranging from release of RF(x) documents to consolidating responses, analysing responses to providing feedback on the exercise to facilitate decision-making by the Procurement team in choosing the appropriate vendor.
Shift time will be 6 PM till 3 AM IST & North America (NAR) holidays will be applicable.
Responsibilities
Direct Responsibilities
Support Procurement team in medium to low complexity sourcing projects for NAR (US & Canada) region, with focus on IT, Professional Services and Corporate Services categories
Develop and manage the execution of sourcing initiatives (across functions), including data gathering and analysis, Assist in supplier qualification, preparation of Requests for Information (RFIs), Requests for Proposal (RFPs), Request for Quotation (RFQs), Contract Management.
Facilitate vendor selection through RF(x) processes; Consolidate vendor responses and provide preliminary analysis to the Procurement team
Provide necessary insights on the RF(x) event & the outcome of the analysis to facilitate decision making on vendor selection
Reporting & communication to internal stakeholders
Work on saving strategy based on spend analysis & RF(X) opportunities
Understanding of contracting.
Contributing Responsibilities
Support Business in addressing their operational & capital requirements through sourcing projects.
Engage broadly across lines of business to gather & consolidate requirements, which will assist procurement team to use consolidated volumes as a negotiation lever with vendors
Perform market analysis - Support procurement projects with in-depth knowledge of their commodity industry. Research & provide all the information & data that will help procurement to understand the ins and outs of the commodity to know how to effectively source a product / service, knowledge of all key players and suppliers in the industry
Performance tracking of suppliers to ensure continual improvement in sourcing
Facilitate vendor review meetings to provide everyone involved in the forum to voice out their concerns.
Utilize analytical expertise to perform spend & contract analysis to determine baseline numbers / benchmarks for vendor evaluations
Technical & Behavioral Competencies
Proficiency in MS Excel & MS PowerPoint applications
Strong knowledge of MS Office Products and SharePoint.
Data Analysis and preparing management presentations and presenting to them
Good Report creating skills
Prior knowledge of P2P tools or ERP systems is a plus
Effective verbal and written communication skills
Self-starter & motivated
Strong problem-solving and analytical skills
Actively seeking to further knowledge through training and experience
Experience working successfully in a multicultural and international environment
Very strong work ethic and ability to deal with confidential information
The ability to identify risks and develop appropriate responses
Attention to detail, manage multiple undertakings at the same time and focus on priorities
Ability to build and maintain relationships with different stakeholders, vendors & business
Specific Qualifications:
Graduate.
Supply Chain qualifications will be an added advantage
Skills Referential (Required knowledge, skills and abilities)
Technical Skills:
- Ability to collaborate / Teamwork
- Attention to detail / rigor
- Communication skills - oral & written
- Ability to share / pass on knowledge
Behavioral Skills:
- Ability to develop and adapt to a process
- Ability to manage a project
- Ability to understand, explain and support change
- Analytical Ability
- Ability to manage / facilitate a meeting, seminar, committee, training
Education Level: Graduate
Location: Mumbai (Thane & Goregaon)
About BNP Paribas Group:
BNP Paribas is the European Unions leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Groups commercial & personal banking and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment, and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporate and institutional clients) to realize their projects through solutions spanning financing, investment, savings and insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy, and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.
About BNP Paribas India Solutions:
Established in 2005, BNP Paribas India Solutions is a wholly owned subsidiary of BNP Paribas SA, European Unions leading bank with an international reach. With delivery centers located in Bengaluru, Chennai and Mumbai, we are a 24x7 global delivery center. India Solutions services three business lines: Corporate and Institutional Banking, Investment Solutions and Retail Banking for BNP Paribas across the Group. Driving innovation and growth, we are harnessing the potential of over 10000 employees, to provide support and develop best-in-class solutions.
Commitment to Diversity and Inclusion
At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work. We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in. As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.




