Assistant Manager, Procurement | Kuala Lumpur, MY

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The Procurement Assistant Manager is responsible for developing and executing a comprehensive procurement strategy for all sourcing, purchasing, contract management and tendering activities. The ideal candidate will have a strong understanding of procurement principles, contract negotiation skills, and a focus on cost reduction and efficiency. The successful candidates will report to the Head of Procurement.

Key Responsibilities

1. Procurement Strategy

• Develop and implement a robust procurement strategy aligned with the bank's overall business objectives.
• Identify and evaluate potential suppliers/vendors and negotiate favorable terms and conditions for contracts.

2. Contract Management

• Draft, review, and negotiate complex contracts for various corporate services in accordance with compliance on legal and regulatory requirements.
• Facilitate contract performance monitoring and manage disputes effectively.

3. Cost Management

• Identify cost-saving opportunities and implement strategies to reduce expenses.
• Analyze corporate service costs and develop strategies to optimize spending.
• Track and report on procurement metrics, including cost savings and supplier performance.

4. Supplier Relationship Management:

• Build and maintain strong relationships with key suppliers and vendors to ensure timely delivery of quality service.
• Assist stakeholders to resolve supplier performance issues and disputes.

5. Project Management

• Oversee procurement projects, such as vendor selection, contract negotiations, and implementation.
• Coordinate with internal stakeholders and external vendors to ensure project success.

6. Risk Management:

• Assess and mitigate risks associated with procurement activities, such as supply chain disruptions and vendor performance issues.
• Implement risk management plans and regularly conduct risk assessments and adjust strategies as needed.

Job Requirements

• Malaysian citizen.
• Diploma or Bachelor's Degree, Professional Degree, Master Degree in Financing/ Accounting/Banking, Economics, Business Studies/ Administration/ Management, or relevant equivalent supply-chain qualification.
• 3-5 years of experience in procurement or a similar role. Knowledge of sustainability, green procurement and E-procurement systems such as Oracle is highly preferred.
• Working proficiency in English and Malay (written/spoken) and competent in Microsoft Office applications (Word & Excel) as well as procurement software.
• Excellent negotiation and contract management skills, strong analytical with problem solving skills and ability to manage multiple projects simultaneously.

About Hong Leong Bank

We are a leading financial institution in Malaysia backed by a century of entrepreneurial heritage. Providing comprehensive financial services guided by a Digital-at-the-Core ethos has earned us industry recognition and accolades for our innovative approach in making banking simpler and more effortless for our customers. Our digital and physical offerings span across a vast nationwide network in Malaysia, strengthened with an expanding regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.

We seek to strike a balance between diversity, inclusion and merit to achieve our mission of infusing diversity in thinking and skillsets into our organisation. Candidates are assessed based on merit and potential, in line with our mission to attract and recruit the best talent available. Expanding on our "Digital at the Core" ethos, we are progressively digitising the employee journey and experience to provide a strong foundation for our people to drive life-long learning, achieve their career aspirations and grow talent from within our organisation.

Realise your full potential at Hong Leong Bank by applying now.

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