Head of Procurement - Reputable Financial Institution

Key Responsibilities

• Strategic Procurement Leadership:

  • Develop and implement procurement strategies that align with the institutions goals.
  • Lead the procurement team in sourcing, negotiating, and managing contracts for goods and services.

• Supplier Relationship Management:

  • Establish and maintain strong relationships with suppliers to ensure quality, reliability, and cost-effectiveness.
  • Conduct regular performance evaluations of suppliers and implement improvement plans as necessary.

• Cost Management:

  • Analyze procurement data to identify cost-saving opportunities and efficiencies.
  • Oversee budget management and ensure adherence to financial targets.

• Compliance and Risk Management:

  • Ensure procurement processes comply with regulatory requirements and internal policies.
  • Identify and mitigate risks associated with procurement activities.

• Team Development:

  • Mentor and develop procurement staff to enhance their skills and career growth.
  • Foster a culture of collaboration and continuous improvement within the procurement team.

Qualifications

• Bachelors degree in Business, Supply Chain Management, or a related field; Masters degree preferred.
• Minimum 10 years of experience in procurement or supply chain management, with at least 5 years in a leadership role.
• Strong understanding of procurement processes, contract management, and supplier negotiation.
• Excellent analytical, communication, and interpersonal skills.
• Proven ability to lead teams and drive strategic initiatives.