Head, Procurement & Vendor Management at Stanbic IBTC

Stanbic IBTC Holdings PLC is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Stanbic IBTC Bank legally became part of Standard Bank Group 24th August 2007. The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. Stanbic IBTC Bank is a major financial service provider engaged in personal banking, business banking, credit cards, corporate banking, non-interest banking and wealth and investment banking in Nigeria.

We offer all our clients a wide range of personal & commercial banking products through over 180 branches spread across every state in Nigeria and our online banking platforms.
We offer current, savings, and domiciliary accounts; personal loans, vehicle and asset finance; MasterCard debit cards, Visa credit cards; home loans; internet banking; small and medium scale enterprise (SME) loans and the award-winning *909# MobileMoney.
We cater for both individuals and businesses through carefully designed retail and business banking products. We also offer self-service channels powered by sophisticated technology to bring convenient banking to customers.
Our clients can also get custodial services through Stanbic Nominees Nigeria Limited, our custody arm and non-pension asset custodian, acting in a nominee capacity for clients’ transactions in securities and other investments.
We are a key player in financial inclusion and are poised to take banking to the doorsteps of our customers; taking care of the banking needs of different categories of persons and businesses.Job Description

The Head, Procurement & Vendor Management is responsible for leading and executing the organization's procurement and vendor management strategy, ensuring the delivery of cost-effective, compliant, and value-driven sourcing solutions across the business.
The role oversees procurement planning, strategic sourcing, contract management, vendor governance, supplier performance management, and procurement risk management while driving operational excellence, process improvements, and adherence to regulatory and corporate governance requirements. 
The incubent will lead vendor onboarding and due diligence processes, manage supplier relationships and performance, oversee competitive bidding and contract negotiations, and ensure the integrity of vendor data and procurement records.
The role also provides leadership to the Procurement and Vendor Management team, partners with key stakeholders across Finance, Risk, Compliance, Legal, and business units, and delivers strategic insights, reporting, and continuous improvement initiatives that support business objectives and maximize value from supplier engagement.

Qualifications

Type of Qualification: First Degree
Field of Study: Procurement, Economics, Management, Accounting or a related field
Master's degree is an added advantage.

Experience Required:

Minimum of 7-10 years' progressive experience in Procurement, Strategic Sourcing, Vendor Management, Contract Management, Supplier Relationship Management, and Procurement Operations.
Strong experience in supplier risk management, regulatory compliance, audit controls, and third-party risk management within a financial services or regulated industry environment. 
Hands-on experience managing procurement processes using SAP or other procurement and procure-to-pay systems.
Demonstrated experience leading strategic sourcing initiatives, vendor negotiations, contract administration, supplier performance management, and cost optimization projects.
Proven leadership experience managing procurement and vendor management teams and engaging senior stakeholders across Finance, Risk, Compliance, Legal, and business functions. 
Knowledge of the Pension, Financial Services, Asset Management, or Banking industry and relevant regulatory requirements is an added advantage. 

Behavioural Competencies:

Upholding Standards
Generating Ideas
Developing Strategies
Taking Action
Analysing Solutions.

Technical Competencies:

Procurement & Strategic Sourcing
Vendor & Supplier Management
Written Communication
Business Administration Skills
Data Management.