Procurement Specialist (Emiratisation)

RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including retail and business banking, credit cards, loans, investment services and wealth management.

In the recent years, the Bank has achieved significant milestones which includes being named as one of the world's best banks by Forbes ME (2022) and was awarded UAE's SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending and business loans.

Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption.

We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future.

In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a Digital bank with human touch, for our customers.

So, join us in co-creating the future of RAKBANK!

What You Will Be Doing

• Managing the bank's procurement activities, ensuring the acquisition of high-quality goods and services at competitive prices.
• Negotiating contracts and agreements with suppliers to secure advantageous terms.
• Managing supplier relationships and ensuring compliance with procurement policies and regulations.
• Overseeing the procurement process from requisition to delivery, ensuring timely and cost-effective acquisition of goods and services.
• Monitoring and analyzing procurement expenditures to identify cost-saving opportunities.
• Assessing and mitigating risks associated with procurement activities.
• Preparing and presenting reports on procurement activities, including spend analysis and supplier performance.

What You Should Have

• Strong verbal and written communication skills to internal and external clients.
• Excellent time management, ability to meet deadlines, and organizational and multi-tasking skills.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
• Unquestionable integrity and a genuine desire to help others.

What We Are Looking For

• Bachelor's degree in business administration, Supply Chain Management, or a related field.
• Minimum of 3-5 years of experience in procurement, preferably within the services industry.
• Strong negotiation and communication skills.
• Proficiency in procurement software and Microsoft Office Suite.
• Excellent analytical and problem-solving abilities.
• Knowledge of procurement regulations and best practices.
• Ability to work independently and as part of a team.

What's In It for You

• Pay for performance culture (Competitive and performance-linked compensation)
• Provision of medical care plan for your family and you
• Comprehensive Life insurance plan
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole-self to the organization and perform to your best.