Procurement Sourcing Specialist

About the role

ROLE PURPOSE

Responsible for executing sourcing and procurement activities to ensure the timely, cost-effective acquisition of goods and services. This role involves identifying and selecting vendors, negotiating contract terms, managing vendor relationships, and supporting the overall efficiency of the procurement process in accordance with relevant policies and SOP. It also requires close collaboration with cross-functional teams to optimize operations and align procurement strategies with the bank's objectives.

KEY RESPONSIBILITIES

• Ensure that all procurement activities ensure they comply with internal SOP, policies, and organizational standards, maintaining consistency and compliance throughout the process.
• Collaborate with internal departments to understand procurement needs, specifications and business requirements.
• Conduct vendor sourcing and market research to identify and assess qualified vendors based on business needs.
• Prepare and issue Request for Quotations (RFQs), Request for Proposals (RFPs), Requests for Information (RFIs) and Call for Tender (CFTs), ensuring all documentation aligns with business requirements.
• Identify, assess, and build relationships with vendors to ensure competitive pricing and reliable supply.
• Manage the end-to-end procurement process, including sourcing, vendor performance monitoring, negotiation, contracting, timely delivery, and overall vendor relationship management.
• Conduct market research to identify new procurement opportunities, cost-saving strategies and ensure value-driven procurement decisions.
• Maintain accurate procurement records, tracker, vendor contact lists and ensure contract compliance.
• Identify potential procurement-related issues and suggest solutions for resolution with vendors.
• Mentor and guide junior team members, fostering a culture of continuous learning, growth, and operational excellence.
• Undertake ad-hoc assigned tasks, ensuring effective execution and alignment with the department's overall objectives.

Knowledge & Skills

• Good understanding of procurement practices, negotiation, and vendor management.
• Good verbal and written communication skills, with ability to work effectively with internal and external stakeholders.
• Analytical skills with ability to interpret data, identify trends, and support decision-making to improve procurement efficiency and cost effectiveness.
• Ability to support monitoring of supplier performance, assist in resolving procurement issues, and contribute to process improvements.
• Basic understanding of relevant procurement laws, regulations, and ethical standards.
• Ability to support and guide junior team members as required and contribute to a collaborative team environment.

Education & Special Training

• Bachelor's degree in business, supply chain management, or a related field.
• Certification in procurement or a related field is preferred.
• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and familiar with procurement systems or tools.

Experience

• Proven experience in procurement, with a minimum of [3] years is preferred.

Languages

• Strong interpersonal and communication skills in both Myanmar and English, with fluency in written and spoken communication.

Work Location

• Thanlyin Township, Yangon Region, Myanmar

Benefits

• Transportation
• Career Development
• Professional Development Benefit

How to apply: Apply via Yoma Recruit, the Yoma Group's official career portal: open the vacancy, sign in or create an account, then click "Apply" and submit your CV. Apply here: https://yomarecruit.com/jobs/689533023652107