Procurement Specialist (J26-035)

Location : Riyadh, Saudi Arabia
Industry: Financial Services

Availability: Immediate

Role Overview :

We are seeking an experienced Procurement Specialist to join our organization in Riyadh. The ideal candidate will have at least 5 years of procurement experience within the banking or financial services sector, with a strong understanding of vendor management, cost optimization, and compliance with local and international procurement standards.

Key Responsibilities

• Manage end-to-end procurement processes including sourcing, negotiation, contract management, and vendor selection for banking products and services.
• Develop and maintain relationships with suppliers and service providers to ensure the best value and timely delivery.
• Conduct market research and cost analysis to optimize procurement spend.
• Ensure compliance with corporate procurement policies, regulatory requirements, and internal controls.
• Prepare procurement reports, dashboards, and performance metrics for management review.
• Collaborate with internal departments (IT, Operations, Finance, HR) to meet procurement needs efficiently.
• Monitor supplier performance and manage vendor evaluation processes.
• Assist in developing procurement strategies aligned with organizational goals.

Required Profile

• Bachelor’s degree in Business Administration, Supply Chain, Finance, or related field.
• 5+ years of procurement experience, preferably in the banking or financial sector.
• Strong knowledge of procurement processes, contracts, and negotiation strategies.
• Excellent analytical, organizational, and problem-solving skills.
• Familiarity with ERP and procurement software.
• Strong communication and interpersonal
• Knowledge of Saudi Arabian commercial laws and procurement regulations is a plus.