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.

