VP Procurement

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. 
 

The Group operates Singapore’s national debit scheme enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 130,000 acceptance points in the country as well as online payments.

Position:         VP, Procurement 
Department:        Procurement    
Reporting To:        VP, Corporate & Workplace Solutions    

The following outlines the job responsibilities which are summarized. It is intended as a guideline only and not meant to be exhaustive and subject to changes over time as the role develops.

Overall Function

The Procurement function serves business stakeholders through the procuring of goods and services in a timely manner, while striving towards obtaining best price and value for the organisation. The VP Procurement is a management role, leading a team of procurement specialists in the functional areas of Category Procurement and Procurement Operations.
Category Procurement is focused on aligning business and category strategies, execution excellence towards achieving cost improvement and innovation targets, while maintaining compliance to policy, procedures, controls and third party arrangement requirements, e.g. MAS Outsourcing Guidelines. 
Procurement Operations is focused on efficient execution of Procure-to-Pay (P2P) processes, and effective implementation of procurement policy, procedures and controls, while driving initiatives to achieve performance objectives in areas of (i) procurement productivity, (ii) procurement process efficiencies, (iii) policy, procedures and controls compliance, and (iv) third party arrangements.   
Key Responsibilities

•    Provide leadership, direction and guidance to both Category Procurement and Procurement Operations teams, 
•    Lead the development of category strategies in alignment with business strategies and goals, through collaboration with business stakeholders, 
•    Lead the vendor management agenda, through annual segmentation, performance reviews and relationship development, to optimize category strategies and mitigate operational risks, engage senior leadership in key vendor relationships and third party arrangements,
•    Lead the review of procurement policy, procedures and controls, in alignment with regulatory requirements, and improvements through adoption of best practices,
•    Lead the procurement and supplier risk and compliance agenda, working closely with 2LoD to identify, assess and monitor operational risks relating to outsourcing and non-outsourcing arrangements, perform RCSA and implement KRIs,
•    Build and develop an engaged and competent team, with strong talent pipeline.
Requirements

•    Degree in Business Administration, Purchasing, Supply Management and other related fields 
•    Professional purchasing certifications (e.g. CIPS, CPSM, CSCP) preferred  
•    Minimum 10 years of relevant experience, with 5 years in a managerial capacity, in a Financial Services Institution (FSI) environment preferred. 
•    Strong negotiation, communication (written, verbal), interpersonal and stakeholder relationship management skills to influence for positive outcomes 
•    Strong knowledge of procurement systems, policies, procedures, controls and best practices  
•    Performance-driven balanced with proven success of working effectively in a cross-functional team in an international environment.
•    Process-oriented and possesses a strategic mindset with the ability to have a holistic view.
•    Strong project management and change management experience, organizational and problem solving skills, and meticulous attention to details 
•    Proficient in SAP ERP and Coupa/SAP Ariba. 

Network for Electronic Transfers (Singapore) Pte Ltd.