Job Description
Job Summary
The Manager Procurement is responsible for leading and managing the bank’s end-to-end procurement function, ensuring timely, transparent, cost-effective, and compliant acquisition of goods and services. The role oversees sourcing, contract management, vendor relationships, inventory oversight, and procurement risk management in line with banking regulations, internal policies, and best practices.
Key Duties & Responsibilities
Procurement Strategy & Operations
- Develop and implement procurement strategies aligned with the bank’s operational and strategic objectives.
- Oversee the procurement planning process and consolidate annual procurement plans across departments.
- Ensure timely sourcing and delivery of goods and services to support uninterrupted bank operations.
Vendor & Contract Management
- Oversee supplier sourcing, evaluation, selection, and onboarding processes.
- Lead contract negotiations to achieve value for money and mitigate commercial risk.
- Ensure all supplier contracts are properly documented, approved, and renewed on time.
- Manage supplier performance and address underperformance or contract breaches.
Cost Management & Value Optimization
- Monitor procurement spend and identify cost-saving and efficiency opportunities.
- Support budget preparation and control for procurement-related expenditures.
- Provide regular spend analysis and cost optimization reports to management.
Inventory & Asset Oversight
- Oversee inventory and stores management to ensure proper stock control and accountability.
- Ensure accurate asset tagging, tracking, and reconciliation in collaboration with Finance.
- Minimize losses, wastage, and obsolete stock.
Risk Management
- Identify procurement-related risks and implement mitigation controls.
- Ensure supplier due diligence is conducted, including financial and reputational risk checks.
- Support business continuity through reliable supplier arrangements.
Leadership and Culture
- Lead, mentor, and develop the procurement team for high performance.
- Conduct performance reviews and ensure staff training on procurement of best practices.
- Promote ethical procurement behavior and a culture of accountability.
Reporting and Communication
- Prepare and submit regular procurement performance and compliance reports.
- Provide management with insights on supplier trends, risks, and procurement efficiency.
Policy Compliance & Governance
- Prepare and submit regular procurement performance and compliance reports.
- Provide management with insights on supplier trends, risks, and procurement efficiency.
Financial Responsibility
- Procurement Budget Management
- Contract Value Oversight
- Cost Control & Savings Tracking
- Vendor Payment Coordination (with Finance)
- Spend Analysis & Reporting
Educational Qualifications, Experience, & Skills Required
- Bachelor’s degree in Procurement & Supply Chain Management, Business Administration, Finance, or a related field.
- Professional certification (CIPS, CPSM, or equivalent) is an added advantage.
- Minimum of 5 years’ experience in procurement, with at least 2 years in a managerial role, preferably in banking or financial services.
- Strong knowledge of procurement laws, policies, and contract management.
- Proven negotiation and vendor management skills.
- Strong analytical, planning, and organizational skills.
- Ability to manage multiple procurement categories simultaneously.
- Proficiency in Microsoft Office Suite and procurement systems.
- High ethical standards and integrity.
- Strong attention to detail and accuracy.
- Proactive and results oriented.
- Strong stakeholder engagement and communication skills.
- Commitment to compliance, governance, and risk mitigation
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