One of the leading Bank based out of Saudi Arabia Role Purpose: The Procurement Manager is responsible for leading the development and execution of category strategies and strategic sourcing to optimize total value, ensure compliance, and meet requirement deadlines. The role involves managing strategic procurement activities, delivering cost savings, improving quality, and mitigating risks within the assigned category/categories. The Procurement Manager will act as a business partner and the primary point of contact for procurement activities, engaging with relevant business stakeholders to ensure seamless operations. Principal Accountabilities: - Demand Forecasting: Drive the creation and regular updates of demand forecasts with business owners, aligning them with category strategy, and challenging demand and specifications where necessary. - Procurement Initiatives: Develop procurement initiatives and category plans based on demand, track category risks, and implement mitigation actions. - Category Strategy: Produce and maintain updated category strategies by leveraging both demand data and supply market insights to define optimal market approaches. - Tendering Process: Manage the end-to-end tendering process, including tender design, clarification, evaluation, negotiation, and execution. - Contract Drafting: Create and finalize contracts, including scope of work, technical specifications, commercial agreements, and other relevant terms in collaboration with the legal team. - Vendor Selection: Lead the vendor selection process based on commercial and technical evaluations, ensuring the selection of the most qualified partner. - Supplier Relationship Management: Conduct supplier segmentation analysis, manage strategic supplier relationships, and ensure ongoing supplier and contract performance reviews. - Risk Management: Track and manage supplier and category-related risks, ensuring compliance with Local Content and ESG considerations across the category management lifecycle. Key Performance Indicators: - Spend under procurement plan. - Annual refresh of category strategies. - Achievement of agreed savings objectives. - Delivery of strategic sourcing activities according to category plans. - Supplier performance ratings. - On-time delivery of goods and services. - Internal customer satisfaction. Role Context: The Procurement Manager will provide input into defining category strategies and engage with business partners to prioritize activities. This role requires high levels of professionalism and the ability to manage internal and external relationships. The role holder will be flexible and adaptable, maintaining a bank-wide outlook while managing stakeholder considerations and delivering complex procurement initiatives. Qualifications & Experience: - Education: Bachelor's degree in Engineering, Economics, Business Administration, or a related field. - Experience: 10+ years of experience in Procurement or Strategic Sourcing. Skills: - Proven success in delivering value through category management. - Experience in the financial services sector (preferred). - Proficiency in English and Arabic (preferred). - Strong decision-making, planning, and collaborative skills. Behavioral Competencies: - Customer Focus - Decision Quality - Action Oriented - Plans and Aligns - Collaborates - Develops Talent - Instills Trust - Manages Ambiguity Other Requirements: - Compliance: Adherence to all relevant financial services laws, rules, and codes. - Risk Management: Continuous assessment of operational risks and compliance with internal controls.

Riyadh

Overseas/International

Head/Manager - Procurement  - Bank 

Job Description for Head/Manager - Procurement  - Bank  in Praxis Consultants in  Riyadh Overseas/International for (8-15) years of experience. Apply Now!