The Strategic Procurement Manager is responsible for leading the bank’s procurement activities, focusing on building efficient, cost-effective, and sustainable supply chain strategies. This role involves identifying and engaging with key suppliers, negotiating contracts, managing procurement processes, and ensuring alignment with the bank’s financial and operational objectives. The ideal candidate will have a strategic mindset, extensive knowledge of procurement best practices, and a deep understanding of the UAE's regulatory and business environment.

Key Responsibilities:

• Strategic Sourcing & Supplier Management:
  • Develop and execute sourcing strategies for various procurement categories including IT, services, and office supplies.
  • Identify, evaluate, and engage with key suppliers to establish strong partnerships and secure the best terms and conditions.
  • Conduct market research to identify potential new suppliers and evaluate market trends to optimize costs and supplier quality.
• Contract Negotiation & Management:
  • Negotiate contracts with suppliers, ensuring optimal terms in alignment with the bank’s requirements.
  • Oversee the end-to-end contract lifecycle management, including drafting, reviewing, and monitoring contract compliance.
  • Mitigate risks through thorough due diligence and adherence to legal and regulatory requirements in the UAE.
• Cost Optimization & Budget Management:
  • Drive cost-saving initiatives through effective procurement planning, negotiation strategies, and process improvements.
  • Collaborate with internal stakeholders to identify opportunities for reducing procurement expenses and increasing operational efficiency.
  • Monitor budgetary spend against approved procurement budgets and ensure transparency and accountability in all purchasing activities.
• Policy Development & Compliance:
  • Develop and implement procurement policies, procedures, and best practices to ensure adherence to regulatory guidelines and corporate standards.
  • Maintain a strong understanding of UAE laws and regulations related to procurement, including the Central Bank of UAE’s guidelines.
  • Conduct regular audits and compliance reviews to ensure that procurement practices meet internal and external standards.
• Cross-functional Collaboration:
  • Work closely with the finance, legal, and IT departments to ensure seamless integration of procurement strategies.
  • Provide training and guidance to procurement staff and internal stakeholders on best practices, procurement tools, and processes.
  • Serve as a subject matter expert on procurement matters, providing insights and recommendations to senior management.

Qualifications:

• Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field; an MBA is preferred.
• Professional certifications such as CIPS (Chartered Institute of Procurement & Supply) or CPSM (Certified Professional in Supply Management) are highly desirable.
• 7+ years of experience in procurement or supply chain management, with a minimum of 3 years in a strategic role within the banking or financial services industry.
• Proven track record in managing complex negotiations and supplier relationships.
• Strong understanding of procurement regulations and best practices in the UAE.
• Excellent communication, negotiation, and interpersonal skills.
• Proficiency in procurement software and tools, such as SAP, Oracle, or similar platforms.