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.
Join us in co-creating the future of RAKBANK!
Job DescriptionRAKBANK is looking for a Technology procurement - Sub category strategic sourcing lead & Assistant
Vice President to be part of its impeccable transformation journey to drive from the front several strategic cost management proactive sourcing projects, sizeable strategic sourcing initiatives, mentor the young sourcing talents in the team, being a change agent to bring strategic shift.
What you will do:
Operational Responsibilities:
- Ability to run complex RFx with the art of designing innovative commercial models and
- negotiating favorable deals for the bank
- Ability to do in-depth spend analysis and identify opportunities for spend optimization and
- supplier rationalization
- Lead category strategy development and execution across key indirect spend areas (e.g., IT
- software, professional services)
- In-depth understanding of various technology sub-categories, vendor landscape in the region and globally, and sourcing practices
- Hands-on experience in running large software sourcing projects for both on-premise and cloud solutions
- Conduct supplier market intelligence, competitive benchmarking, and cost modeling
- Lead RFPs, RFIs, e-auctions, and strategic negotiations to deliver total cost of ownership (TCO) improvements and value
- Maintain full audit trail and procurement governance in compliance with internal policy and regulatory requirements
Digital Transformation Integration:
- Identify and leverage cutting-edge technologies, including AI, to enhance efficiency, responsiveness, and strategic decision-making in procurement processes
AI-Driven Procurement Processes:
- Spearhead the implementation of AI-driven procurement processes to streamline and enhance efficiency in sourcing, contracting, and vendor management
- Explore and integrate the latest technologies to automate routine tasks, allowing the team to focus on strategic and value-driven activities
Regulatory Compliance and Technology Governance:
- Ensure that the integration of AI and other technologies into procurement activities complies with local regulations and banking industry standards
What you will bring:
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field. Master's degree is a plus
- Relevant professional certifications (e.g., CIPS, CPSM, CPP) are desirable
- Minimum of 9+ years experience with Supply Chain Management & Procurement
- Familiarity with digital procurement tools and technologies, including AI applications.
- Familiarity with consumer relationship systems (CRMs), content management systems (CMSs), and data mining software
What You Should have:
• Deep knowledge and understanding of various contractual clauses in master contracts, including their necessity, and lead negotiations in collaboration with internal stakeholders such as legal
• and business partners
• Possesses excellent communication skills to drive difficult conversations internally and externally
• Good knowledge of the supplier base in the region and globally
• Experience in sourcing from both domestic and global ecosystems, enabling adoption of global
• best practices in technology
• Smart and quick thinker, while being a good listener, learner, and team player
• Critical thinking and analytical skills
• Ability to manage multiple projects and deadlines simultaneously
• Multi-tasking in a fast-paced environment while prioritising focus on most impactful activities to meet deadlines
• Excellent presentation and communication skills
• Market research skills and statistical analysis
• Ability to motivate, influence and collaborate with others both internally and externally
Top Skills
What We Do
We’re RAKBANK.
Banking should feel simple. Human. Helpful. So that’s the kind we build.
Since 1976, we’ve been helping people and businesses across the UAE grow with confidence, giving them the tools, the support, and the trust to make things happen.
We started as a community bank and grew into one of the country’s most dynamic financial institutions. What’s never changed is our belief that banking should work for people, not the other way around.
Today, we’re leading a new chapter, one that combines smart digital innovation with genuine human connection. We call it digital with a human touch.
We serve customers across every segment through our Personal Banking Group (PBG), Business Banking Group (BBG), and Wholesale Banking Group (WBG). As the UAE’s go-to SME bank, we’re helping thousands of businesses grow and thrive with seamless, digital-first banking.
Our group also includes Skiply, the region’s leading school payments app; Protego, our next-generation insurance aggregator; and RAK Insurance, one of the UAE’s most trusted insurers, together creating an ecosystem that makes life simpler and safer for our customers.
From empowering entrepreneurs and SMEs to launching the UAE’s first crypto brokerage for retail customers and our own AI-powered digital assistant, we’re shaping the future of banking while keeping the heart of it the same: people.
RAKBANK — Digital With a Human Touch.
