Accounting & Financial Advisory
Procurement Officer – Banking Sector (Fixed-Term Contract)
Location: Johannesburg, Gauteng
Division: Accounting & Financial Advisory (AFA – Gauteng)
Industry: Banking & Financial Services
Job Type: Fixed-Term Contract
Experience Level: Mid-Senior
Date Posted: 28 August 2025
About the Role
A leading institution in the banking sector is seeking an experienced and results-driven Procurement Officer to join their team on a fixed-term contract. This role is designed for a professional with a solid track record in procurement, supply chain management, and vendor relations, preferably within financial services.
As a Procurement Officer, you will be at the center of the organization’s sourcing and supply chain processes. You will develop procurement strategies, manage supplier relationships, and ensure compliance with policies and regulations. The role requires someone who is both analytical and strategic, capable of balancing cost optimization with maintaining strong partnerships with trusted suppliers.
This is an exciting opportunity to be part of a fast-paced and highly regulated industry, where effective procurement contributes directly to operational efficiency, financial stability, and customer satisfaction.
Key Responsibilities
As a Procurement Officer in the banking sector, your duties will include but not be limited to:
- Procurement Strategy Development:
Design and implement procurement strategies that align with the bank’s objectives, ensuring cost-effectiveness and operational efficiency. - Supplier Sourcing and Evaluation:
Identify, assess, and onboard suppliers who can provide quality goods and services at competitive prices. Conduct thorough supplier due diligence to mitigate risks. - Contract Negotiation and Management:
Negotiate terms and conditions with suppliers, ensuring favorable pricing, compliance with service-level agreements, and long-term value. Manage supplier contracts from initiation to renewal. - Market Analysis:
Stay updated on market trends, industry regulations, and economic conditions that may impact procurement activities. Proactively identify cost-saving opportunities and process improvements. - Stakeholder Engagement:
Collaborate with internal departments—including finance, risk, operations, and compliance—to ensure procurement needs are understood and met. Provide guidance to stakeholders on supplier selection and procurement best practices. - Compliance Management:
Ensure all procurement processes comply with internal policies, banking regulations, and industry standards. Maintain transparency and accountability in supplier dealings. - Performance Monitoring:
Track and report on key performance indicators (KPIs) such as cost savings, supplier performance, and turnaround times. Provide regular reports to management. - Budgeting and Forecasting Support:
Assist with budgeting and financial forecasting related to procurement activities. Provide insights into expenditure trends and potential risks.
Minimum Requirements
To be considered for this position, applicants must meet the following criteria:
- Educational Qualifications:
- Bachelor’s degree in Business, Supply Chain Management, Procurement, or a related field.
- Certification in procurement or supply chain management (e.g., CIPS, CPSM) will be a strong advantage.
- Professional Experience:
- Proven experience as a Procurement Officer or in a similar procurement/supply chain role.
- Experience working in the banking sector or financial services is highly desirable.
- Strong knowledge of procurement regulations, compliance requirements, and best practices.
- Technical Skills:
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
- Experience with procurement software and ERP systems.
- Core Competencies:
- Excellent negotiation and communication skills.
- Strong attention to detail and problem-solving abilities.
- Ability to manage multiple tasks simultaneously and meet tight deadlines.
- Strong analytical mindset with the ability to interpret data and make sound business decisions.
- Team player who can also work independently with minimal supervision.
Desired Attributes
The ideal candidate will be:
- Strategic: Able to align procurement decisions with organizational goals.
- Ethical: Demonstrates integrity, transparency, and accountability in all supplier dealings.
- Adaptable: Able to thrive in a fast-changing banking environment with shifting priorities.
- Collaborative: Works well with internal and external stakeholders to achieve common goals.
- Results-Oriented: Focused on delivering measurable improvements in efficiency, cost savings, and supplier performance.
Why This Role Matters
Procurement in the banking sector is more than just purchasing goods and services—it is about risk management, cost efficiency, and compliance. Effective procurement ensures that the bank operates smoothly, saves costs, and complies with strict regulatory frameworks.
As a Procurement Officer, you will directly influence the organization’s financial performance, operational resilience, and long-term growth. This is not only a job but a chance to contribute to sustainable business practices within one of the most important industries in South Africa.
Contract Details
- Type of Contract: Fixed-Term
- Location: Johannesburg, Gauteng
- Salary: Competitive and market-related (based on skills and experience).
- Working Hours: Standard office hours, with flexibility required for deadlines and project work.
Application Process
If you meet the above requirements and are passionate about advancing your career in procurement within the banking sector, we would love to hear from you.
How to Apply: Submit your updated CV along with a cover letter outlining your relevant experience and motivation for applying.
Note:
- Only shortlisted candidates will be contacted.
- If you do not hear back within 2 weeks of submitting your application, please consider your application unsuccessful.
- The employer reserves the right to close this vacancy early based on the volume of applications.
To apply for this job please visit afadvisory.simplify.hr.