Procurement Specialist (Emiratization)

Rakbank; Dubai; On-site; AED 120,000 - 180,000; Full time

Benefits offered by this job

Competitive compensation

Comprehensive benefits

Career growth opportunities

Professional development

Inclusive work environment

Job summary

RAKBANK is seeking a Procurement Specialist to manage end-to-end procurement across marketing, facilities, collections, and valuation services. You will drive sourcing strategies, negotiate contracts, and ensure regulatory compliance.

You will partner with stakeholders to define requirements, lead Source-to-Contract (S2C) activities, execute RFx events, and optimize supplier performance while building strong vendor relationships in Dubai.

Qualifications

• Bachelor's degree in business/procurement or related field.
• Experience with sourcing events, supplier negotiations, and contract management.
• Knowledge of procurement frameworks and supplier governance.
• Experience across multiple procurement categories and independent project management.
• Proficiency in MS Office and procurement systems.

Responsibilities

• Manage day-to-day procurement activities for assigned spend categories across the organization.
• Partner with business stakeholders to understand procurement requirements and assist in defining specifications for goods and services.
• Lead end-to-end Source-to-Contract (S2C) activities, collaborating with business units, Legal, Risk, Finance, and other stakeholders.
• Execute sourcing events including RFI, RFQ, and RFP processes in a timely and efficient manner.
• Negotiate commercial terms, pricing, contractual conditions, and service-level agreements with suppliers.
• Support the development and execution of category management strategies to optimize spend and improve supplier performance.
• Ensure procurement activities comply with internal policies, governance requirements, and regulatory standards.
• Maintain and strengthen relationships with existing suppliers while identifying and onboarding new vendors where appropriate.
• Conduct market research and supplier benchmarking to secure the best value, quality, and service.
• Identify opportunities for cost savings, process improvements, and enhanced procurement controls.
• Maintain accurate procurement records, contracts, supplier information, and pricing databases.
• Monitor supplier performance and ensure timely resolution of procurement and service-related issues.
• Review vendor portfolios periodically and evaluate pricing, service quality, and contract effectiveness.
• Support procurement reporting and management information requirements.

Skills

Negotiation skills

Stakeholder management

Sourcing events

Contract management

Vendor governance

Education

Bachelor's degree in Business Administration / Supply Chain / Procurement

Tools

Microsoft Office

Procurement systems

Job description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank; we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

The Procurement Specialist plays a key role in managing end-to-end procurement activities across assigned spend categories, including marketing, facility management, collections, and valuation services. The role is responsible for executing sourcing strategies, managing supplier relationships, negotiating contracts, ensuring compliance with procurement policies, and driving cost efficiencies while delivering value to the business.

What You Will Be Doing:

• Manage day-to-day procurement activities for assigned spend categories across the organization.
• Partner with business stakeholders to understand procurement requirements and assist in defining specifications for goods and services.
• Lead end-to-end Source-to-Contract (S2C) activities, collaborating with business units, Legal, Risk, Finance, and other stakeholders.
• Execute sourcing events including RFI, RFQ, and RFP processes in a timely and efficient manner.
• Negotiate commercial terms, pricing, contractual conditions, and service-level agreements with suppliers.
• Support the development and execution of category management strategies to optimize spend and improve supplier performance.
• Ensure procurement activities comply with internal policies, governance requirements, and regulatory standards.
• Maintain and strengthen relationships with existing suppliers while identifying and onboarding new vendors where appropriate.
• Conduct market research and supplier benchmarking to secure the best value, quality, and service.
• Identify opportunities for cost savings, process improvements, and enhanced procurement controls.
• Maintain accurate procurement records, contracts, supplier information, and pricing databases.
• Monitor supplier performance and ensure timely resolution of procurement and service-related issues.
• Review vendor portfolios periodically and evaluate pricing, service quality, and contract effectiveness.
• Support procurement reporting and management information requirements.

What You Should Have:

• Bachelor's Degree or equivalent qualification in Business Administration, Supply Chain Management, Procurement, Commerce, or a related field.
• Experience managing sourcing events, supplier negotiations, contract management, and vendor governance.
• Strong understanding of strategic sourcing methodologies, procurement best practices, and supplier management frameworks.
• Experience handling multiple procurement categories and managing procurement projects independently.
• Proficiency in Microsoft Office applications and procurement systems.

What We Are Looking For:

• UAE National with a family book
• Excellent negotiation, stakeholder management, and influencing skills.
• Strong analytical and problem-solving capabilities with attention to detail.
• Ability to build effective relationships with internal and external stakeholders.
• Strong communication, presentation, and interpersonal skills.
• High degree of professionalism, integrity, and confidentiality.
• Results-driven mindset with the ability to deliver measurable business value.

What's In It For You:

• Pay-for-performance culture with competitive compensation and rewards.
• Opportunity to work with a leading UAE bank and contribute to strategic procurement initiatives.
• Exposure to a diverse range of procurement categories and stakeholders across the organization.
• Professional development and continuous learning opportunities.
• Collaborative and inclusive work environment
• Opportunity to influence supplier strategy, cost optimization, and operational excellence.
• Comprehensive employee benefits and wellbeing programs.
• Career growth opportunities within Procurement and Supply Chain functions.