Head of Strategic Procurement & Vendor Management Head of Strategic Procurement & Vendor Management …

Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 27 Nov 20
Competitive
Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Permanent, Full time
Last application, 27 Nov 20
Competitive
Posted by:
Ronza Saif • Recruiter
Posted by:
Ronza Saif
Recruiter
The job will primarily be focused on identifying and delivering process improvements and initiatives designed to create a unified target operating model for the Group’s operations, simplify operational activities and deliver cost savings or efficiency opportunities across those operational activities that support the delivery of the Group’s products and services. The job holder will need to exhibit a can do attitude, a zealousness for delivering change and a passion for challenging the status quo.

The job holder will be expected to work with Operations management and other stakeholders to ensure that initiatives are aligned to the Group’s strategic objectives whilst managing risks to within the established Group risk appetite.

Job Purpose:

To lead Procurement, Outsourcing and Vendor Management activities holistically across the ABC Group.

This position is responsible for the direction and management of the Group’s procurement activities, The position will build and develop its existing procurement functions which will add value through the identification of efficiency and synergy opportunities across the Group’s in order to deliver cost savings and efficiency.

To embed an effective procurement and contract management culture across the Group. The job holder is responsible for the development and implementation of procurement goals, policies, procedures, and standards within the scope of existing laws and company authority.

To develop effective business planning and financial and risk management in procurement activities in support of our business objectives.

The job holder will therefore communicate procurement initiatives and concerns; participate in large-scale negotiation; prepare and monitor operational budget requirement; develop and communicate strategic sourcing initiatives; and formulate and execute global and local procurement strategies.

Principal Responsibilities, Accountabilities and Deliverables of Role:

Reporting to the Group Chief Operating Officer team the job holder will:

  • Develop and fosters relationships at the executive level cross-functionally as well as with internal and external stakeholders
  • Serve as principal advisor to executive leadership and management for all procurement activities
  • Drive the development of the procurement strategic and tactical plans and category goals and objectives;
  • Define performance expectations and savings goals for the procurement organization
  • Be accountable for procurement risk identification and evaluation as well as the introduction and decision of appropriate measures
  • Provide direction and management support to staff involved in procurement activities
  • Remain informed of procurement and industry standards and practices
  • Ensure compliance with procurement policy and procedures
  • Establish and execute Internal and external monitoring procedures
  • Communicate procurement initiatives and concerns across the company 
  • Prepare and ensure adherence to operational budgets
  • Oversee and participate in formal supplier negotiations, as required
  • Develop and deploy relevant Key Performance metrics to drive a consistent, rigorous and on-going assessment of the Group’s procurement activities,
  • Implement procurement process improvement initiatives using recognised industry concepts e.g. Lean / Six Sigma,
  • The job holder will play a key role in ensuring the delivery of organisational change and process improvements in order to reduce costs and increase value for the Group from its procurement activities.

Job Requirements:

Knowledge

  • Knowledge of current principles, practices and methods, and laws, rules and regulations pertaining to supply chain management and Outsourcing
  • Knowledge of business unit requirements and specifications
  • Knowledge of supply market research methods
  • Knowledge of standards and evaluation methods used to assess the quality and value of goods and services 
  • Familiarity with and exposure to continuous improvement Methodologies

Education / Certifications

  • Member of the Chartered Institute of Purchasing and Supply or equivalent body
  • BA or BSc degree.

Experience

10+ years of experience of managing or leading a procurement function preferably within the Banking industry with a proven track record in leading business process transformation

Personal Attributes

  • Strategic orientation, inquisitive, comfortable with ambiguity, and self-motivated to identify trends and improvement opportunities aligned with business objectives and strategic plans
  • Strong executive presence, demonstrated leadership and collaboration skills with ability to build effective relationships and influence peers and key stakeholders
  • Demonstrated strength and ability to organize and lead multiple dynamic and cohesive teams 
  • Strong project management skills with ability to plan tasks, assign resources, manage progress, remove barriers, manage change, resolve conflict, build consensus, and motivate team members across multiple projects
  • Excellent verbal and written communication skills with the ability to tailor messages to the given audience, present information in a clear and concise manner, apply creative approaches to engage audiences, manage change, resolve conflict, and build consensus
  • Recognition inside and outside of the company for depth and breadth of procurement knowledge
  • Passion for innovation and improvement for organization systems, processes, and procedures
  • Strong leadership and influence skills that inspire trust, collaboration, and operational excellence
  • Strong customer focus and willingness to champion changes in support of the overall improvement of the procurement function
  • Ability to determine favorable procurement processes and coordinate supply chain activities to secure the best value for the sourced categories 
  • Ability to negotiate, influence, and advise effectively, both verbally and in writing 
  • Ability to oversee competitive bid analysis and evaluation for the procurement of goods and services
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