Job Description

Responsibilities:

Maintain vendor repository and periodically review for contract renewals and take required actions

Maintain vendor database with all vendor information about services offered including cost

Handle all stakeholders’ requests on procurement needs and provide response to stakeholders on a timely basis

Review and update the suppliers & vendors database (current & potential) and ensure availability of potential suppliers when needed

Manage supplier/provider relationships and participate in acquiring new potential suppliers through market research

Maintain relationships with suppliers, handle complaints, and communicate updates.

Track payments made to vendors based on contractual agreements and keeping the evidence for records

Ensure compliance and investigation processes for new suppliers and obtain necessary approvals from compliance and legal departments. 

Ensure invoices, bills, payments, and prices adhere to the bank's contracts, approvals, SLA, MSA, and PO

Compare supplier proposals during new contract / renewals and recommend whether to retain current suppliers or establish contracts with new ones

Monitor contract expiry dates and find cost-effective alternatives

Provide weekly updates with tasks and progress to direct Manager

Establish vendor governance and create vendor documents wherever applicable

Carry out any back up or rotation function, as deemed required, as per the direct manager and COO directions from time to time.

Required Skills

Bachelor’s degree

Minimum 5 years of experience in procurement department

Knowledge of banking applications, technologies and vendor contacts is preferred

Good in English and/or Arabic