Procurement Specialist (Emiratization)

RAKBANK; United Arab Emirates; On-site; AED 201,000 - 335,000; Full time

Job summary

RAKBANK seeks 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 policy compliance while delivering cost efficiencies and business value.

The role collaborates with Legal, Risk, Finance and business units to lead Source-to-Contract activities, execute RFIs/RFQs/RFPs, and optimize supplier performance.

Qualifications

• Bachelor's Degree in Business Administration, Supply Chain, Procurement, Commerce, or related field.
• Experience managing sourcing events, supplier negotiations, contract management, and vendor governance.
• Strong understanding of strategic sourcing methodologies and procurement best practices.
• Experience handling multiple procurement categories and procurement projects independently.
• Proficiency in Microsoft Office applications 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 define specifications for goods and services.
• Lead end-to-end Source-to-Contract activities with Legal, Risk, Finance, and other stakeholders.
• Execute sourcing events including RFI, RFQ, and RFP processes.
• Negotiate commercial terms, pricing, contractual conditions, and SLAs with suppliers.
• Support category management strategies to optimize spend and supplier performance.
• Ensure procurement activities comply with internal policies, governance, and regulatory standards.
• Maintain relationships with existing suppliers and onboard new vendors as appropriate.
• Conduct market research and supplier benchmarking to secure best value and service.
• Identify opportunities for cost savings, process improvements, and procurement controls.
• Maintain procurement records, contracts, supplier information, and pricing databases.
• Monitor supplier performance and resolve procurement and service-related issues.
• Review vendor portfolios and evaluate pricing, service quality, and contract effectiveness.
• Support procurement reporting and management information needs.

Skills

Negotiation

Stakeholder management

Analytical thinking

Communication

Education

Bachelor's degree in Business Administration

Tools

Microsoft Office

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.