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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
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Develop and implement a robust procurement strategy aligned with the bank’s overall business objectives.
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Identify and evaluate potential suppliers/vendors and negotiate favorable terms and conditions for contracts.
2. Contract Management
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Draft, review, and negotiate complex contracts for various corporate services in accordance with compliance on legal and regulatory requirements.
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Facilitate contract performance monitoring and manage disputes effectively.
3. Cost Management
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Identify cost-saving opportunities and implement strategies to reduce expenses.
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Analyze corporate service costs and develop strategies to optimize spending.
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Track and report on procurement metrics, including cost savings and supplier performance.
4. Supplier Relationship Management:
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Build and maintain strong relationships with key suppliers and vendors to ensure timely delivery of quality service.
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Assist stakeholders to resolve supplier performance issues and disputes.
5. Project Management
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Oversee procurement projects, such as vendor selection, contract negotiations, and implementation.
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Coordinate with internal stakeholders and external vendors to ensure project success.
6. Risk Management:
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Assess and mitigate risks associated with procurement activities, such as supply chain disruptions and vendor performance issues.
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Implement risk management plans and regularly conduct risk assessments and adjust strategies as needed.
Job Requirements
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Malaysian citizen.
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Diploma or Bachelor’s Degree, Professional Degree, Master Degree in Financing/ Accounting/Banking, Economics, Business Studies/ Administration/ Management, or relevant equivalent supply-chain qualification.
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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.
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Working proficiency in English and Malay (written/spoken) and competent in Microsoft Office applications (Word & Excel) as well as procurement software.
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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.
What We Do
Hong Leong Bank Berhad is one of the leading financial services organisations in Malaysia. With a heritage of more than 100 years, it provides comprehensive financial services covering consumer banking, business banking and trade finance, treasury, branch and transaction banking, wealth management, private banking and Islamic financial services. Its merger with EON Bank Group in 2011 has further embedded its position as a core banking franchise with an expanded distribution network of more than 300 branches across the country.
With a proven track record in value creation and a highly recognised brand, Hong Leong Bank has also been extending its footprint in the region, with branches in Singapore and Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia. In China, the Bank has a 20% shareholding in Bank of Chengdu Co., Ltd., Sichuan and a consumer finance joint venture.
Hong Leong Bank is a subsidiary of Hong Leong Financial Group Berhad, the financial services arm of the Hong Leong Group. Apart from banking, Hong Leong Financial Group is involved in the provision of insurance and takaful, as well as investment banking, unit trust, fund management and stock broking services
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