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Assistant Vice President - IT Strategic Sourcing

On-site Full-time

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Experience Level

Mid to Senior

Qualifications

Qualifications:Bachelor's degree in Business Administration, Supply Chain Management, or a related field; a Master's degree is preferable. Desirable professional certifications such as CIPS, CPSM, or CPP. A minimum of 9 years of experience in Supply Chain Management and Procurement. Familiarity with digital procurement tools and technologies, including AI applications. Experience with consumer relationship systems (CRMs), content management systems (CMSs), and data mining software.

About the job

Join RAKBANK as an Assistant Vice President of IT Strategic Sourcing and play a pivotal role in our transformative journey. We are seeking a dynamic leader in technology procurement to spearhead strategic sourcing initiatives and mentor emerging talent within our sourcing team. Your expertise will drive proactive cost management projects and foster a strategic shift within our organization.

Key Responsibilities:

  • Lead complex RFx processes, crafting innovative commercial models and securing favorable agreements for the bank.
  • Conduct thorough spend analysis to uncover optimization opportunities and streamline supplier rationalization.
  • Develop and implement category strategies across key indirect spending areas such as IT, software, and professional services.
  • Possess a deep understanding of technology sub-categories, the regional and global vendor landscape, and best sourcing practices.
  • Oversee significant software sourcing projects for both on-premise and cloud solutions.
  • Conduct supplier market intelligence, competitive benchmarking, and cost modeling to drive TCO improvements.
  • Ensure compliance with procurement governance and maintain a comprehensive audit trail as per internal policies and regulatory standards.

Digital Transformation Integration:

  • Identify and utilize cutting-edge technologies, including AI, to enhance efficiency and strategic decision-making in procurement processes.

AI-Driven Procurement Processes:

  • Lead the implementation of AI-driven procurement strategies to optimize sourcing, contracting, and vendor management.
  • Explore and integrate innovative technologies to automate routine tasks, allowing focus on strategic, value-driven activities.

Regulatory Compliance and Technology Governance:

  • Ensure the integration of AI and other technologies into procurement activities conforms to local regulations and banking standards.

About RAK Bank

At RAKBANK, we are committed to cultivating a culture of innovation, growth, and excellence. More than just a banking institution, we are a thriving community driven by teamwork and advanced solutions, upholding the highest standards of governance. Join us in shaping the future of RAKBANK!

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