Director of Procurement Management (CFO) (J26-037)

Location : Riyadh, Saudi Arabia
Industry: Financial Services

Availability: Immediate

Role Overview :

We are seeking a strategic and results-driven Director of Procurement Management to lead the procurement function of our organization in Riyadh. The ideal candidate will have at least 5 years of procurement experience in the banking or financial sector, with strong expertise in vendor management, sourcing strategies, and cost optimization.

Key Responsibilities

• Lead and oversee the bank’s procurement department, ensuring alignment with organizational goals and compliance requirements.
• Develop and implement procurement strategies that maximize value, efficiency, and cost savings.
• Manage vendor relationships, negotiations, and contracts to ensure quality, timely delivery, and competitive pricing.
• Ensure adherence to procurement policies, regulatory standards, and internal controls.
• Conduct market research and risk assessments to inform strategic sourcing decisions.
• Collaborate with cross-functional teams (Finance, IT, Operations, HR) to meet organizational procurement needs.
• Monitor procurement KPIs, prepare reports, and present insights to senior management.
• Drive continuous improvement initiatives within the procurement function.

Required Profile

• Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or related field.
• 5+ years of procurement experience, preferably in the banking or financial services sector.
• Strong leadership, negotiation, and strategic planning skills.
• Excellent analytical, communication, and decision-making abilities.
• Proficiency with procurement software and ERP systems.
• Knowledge of Saudi commercial laws, banking regulations, and procurement standards is a plus.