Alrajhi Bank Malaysia Hiring! Full Time Vice President - Procurement in Federal Territory - Ricebowl

About the Role:

This role is required to manage and oversee all matters relating to the procurement office by ensuring all procurement processes are executed in alignment with the Bank’s objectives, policies, and governance framework. The role focuses on driving standardized procurement governance practices, contract management, effective stakeholder relationships, and operational optimization efforts.

What will you do:

• Ensure CAPEX & OPEX purchases are in compliance with the Bank's policies and guidelines.
• Formulate and implement the Procurement Policy and Guidelines.
• Review and update the policy and guidelines, where necessary.
• Work towards zero audit findings.
• Act as the Department Compliance Officer (DCO) to ensure compliance with the application of the internal programs and procedures within the department, including proper maintenance of records and reporting of any suspicious transaction.
• Implement cost saving initiatives
• Review, compare and analyze information related to items to be purchased
• Research and evaluate prospective suppliers
• Negotiate and perform Best and Final Offer (BAFO) with vendor
• Close and systematic oversight of all CAPEX & OPEX items tracked by Finance within the approved budget.
• Manage the administration of all procurement activities
• Provide expert advice, guidance, and support to staff regarding all aspects of procurement activities, procurement principles and requirements
• Manage ARBM General Takaful Insurance policies
• Oversee and supervise employees and all activities of the purchasing department.
• Maintain accurate records
• Monitor & manage vendor performance review
• Monitor & manage contracts
• Monitor & manage vendors
• Manage & report procurement spend & compliance
• Manage the Procurement Module (Oracle Fusion System)
• Maintain accurate records of supplier information, prices and purchase

Skills and experience you possess:

• Bachelor's degree in Accounting, Finance, Business Administration, IT, Computer Science, or any related field.
• Minimum 10 years’ experience in procurement, preferably in banking.
• Knowledge of Oracle FMS, banking systems and processes would be an added advantage.
• Familiar with banking policies and procedures, especially in procurement and Third-Party Risk Management governance.
• Strong expertise in contract, vendor, and procurement governance management approval paper, saving validation and ensuring compliance and alignment with the Bank’s framework.
• Support alignment of procurement operations with approved CAPEX and OPEX budgets, contributing to effective financial stewardship.