Job Description
Roles & Responsibilities
Key Responsibilities
- Lead end-to-end procurement and strategic sourcing across IT, technology, professional services
and other indirect categories.
- Develop and execute sourcing strategies, RFPs, RFQs, vendor evaluations and commercial
negotiations.
- Manage procurement for software, SaaS, cloud, cybersecurity, IT
infrastructure,
telecommunications, managed services, system integration and technology consulting.
- Manage strategic supplier relationships, contracts, renewals, SLAs and supplier performance.
- Partner with IT, Cybersecurity, Information Security, Finance, Risk, Legal, Compliance and
business functions.
- Drive cost optimization, benchmarking, savings and total-cost-of-ownership initiatives.
- Lead commercial negotiations and ensure appropriate contractual and commercial protections.
- Support technology vendor due diligence and third-party risk management.
- Ensure procurement activities comply with internal policies, governance frameworks and applicable
regulatory requirements.
- Monitor market and industry developments and identify emerging technologies, suppliers and
procurement opportunities relevant to banking.
- Develop procurement strategies that support the Bank's digital transformation, innovation and
growth agenda.
- Continuously improve procurement processes, controls, supplier performance and overall value
delivery.
Desired Candidate Profile
What We're Looking For
- 10+ years of progressive procurement and strategic sourcing experience, with significant
experience in banking or financial services.
- Proven banking procurement experience, preferably within a UAE or GCC banking environment.
- Demonstrated diversified procurement experience across IT/Technology as well as other indirect
and corporate procurement categories.
- Strong understanding of the banking industry, financial services ecosystem, technology landscape
and evolving market trends.
- Broad industry knowledge with the ability to benchmark practices, suppliers, commercial models
and emerging solutions across industries.
- Strong hands-on experience in IT and technology procurement.
- Good understanding of cloud, SaaS, software licensing, cybersecurity, infrastructure,
telecommunications and IT services.
- Proven experience in complex commercial negotiations, contract management and strategic
vendor management.
- Strong understanding of procurement governance, third-party risk, supplier due diligence and
regulatory requirements within banking.
- Ability to work effectively with senior stakeholders across technology, business, risk, finance, legal
and compliance functions.
- Strong analytical, commercial, negotiation and stakeholder-management skills.
- Master's degree in Procurement, Supply Chain, Business Administration, Finance, Information
Technology or a related discipline is required.
- CIPS, CPSM or equivalent professional procurement certification is preferred.
The Ideal Candidate
We are looking for a well-rounded procurement professional with strong banking experience and broad
industry exposure, who understands that procurement in a digital bank extends beyond cost and
transactional purchasing.
The ideal candidate will:
- Understand the banking and financial services environment and its regulatory, operational and
technology requirements.
- Bring cross-industry knowledge and market intelligence to identify innovative procurement
approaches and best practices.
- Be commercially astute while understanding the importance of risk, governance, cybersecurity,
resilience and regulatory compliance in banking.
- Be adaptable and comfortable working in a fast-moving, technology-driven and evolving
environment.
- Demonstrate the ability to align procurement strategies with Reem Bank's vision, values, digital first approach and long-term growth objectives.
- •
Be open to new ideas, technologies, operating models and ways of working.
- Build strong relationships across the organization and act as a strategic business partner rather
than operating only as a transactional procurement function.
- Have the maturity and flexibility to adapt to the evolving needs and strategic direction of Reem
Bank.
Function: Procurement / Strategic Sourcing
Industry: Digital Banking / Financial Services
Experience: 10+ years
Education: Master's degree required
Banking Experience: Required
Industry Exposure: Broad/diversified industry knowledge preferred
CIPS/CPSM: Preferred
Employment Type