Procurement Manager

MoMo Payment Service Bank (MoMo PSB) is a fintech subsidiary of MTN Nigeria, licensed by the Central Bank of Nigeria (CBN) with a clear mandate to drive financial inclusion across the country. We are committed to providing accessible, secure, and technology-driven financial services that empower individuals, communities, and businesses—particularly the unbanked and underbanked populations. Following the final approval of our Payment Service Bank license by the CBN, MoMo PSB officially launched operations on May 17, 2022. Since then, we have continued to expand our reach, delivering innovative financial solutions tailored to the needs of Nigerians across urban and rural areas. We are recruiting to fill the position below:

Job Title: Procurement Manager

Location: Lagos Company: MoMo Payment Service Bank Job Summary To lead and manage end-to-end procurement activities, delivering cost optimisation, quality, supply continuity, and value for money through effective sourcing, contracting, supplier management, and stakeholder engagement, while ensuring compliance with procurement policies, governance standards, and regulatory requirements.

Responsibilities

Lead and manage end-to-end procurement activities, from demand identification and sourcing through contracting, supplier management, renewal, and close-out. Develop and implement procurement and category strategies aligned with business priorities, demand plans, and budget requirements. Lead strategic sourcing events including RFI, RFQ and RFP processes, ensuring transparent and competitive procurement outcomes. Oversee supplier identification, prequalification, evaluation, selection, negotiation, and contract award processes. Lead commercial negotiations with suppliers to secure competitive pricing, favourable contractual terms, service quality, and value for money. Conduct spend and market analysis to identify opportunities for cost optimisation, demand aggregation, operational efficiencies, and value improvement. Partner with business units to understand procurement requirements, forecast demand, and develop appropriate procurement solutions. Manage key supplier relationships and oversee supplier performance against agreed SLAs, KPIs, contractual obligations, and service expectations. Drive supplier performance improvement initiatives and address material supplier performance issues in collaboration with relevant stakeholders. Oversee contract management activities, including contract execution, renewals, variations, expiry management, and supplier governance. Identify, assess, and mitigate procurement, supply chain, contractual, and third-party risks. Ensure all procurement activities comply with approved procurement policies, delegated authority limits, internal controls, and applicable regulatory requirements. Maintain appropriate procurement documentation, records, approvals, and audit trails and support internal and external audit requirements. Provide procurement advisory, supplier market intelligence, commercial insights, and recommendations to business stakeholders. Support business planning and budgeting by providing procurement forecasts, cost insights, and potential savings opportunities. Track and report procurement performance, including cost savings, supplier performance, sourcing cycle times, compliance, and other agreed procurement KPIs. Drive continuous improvement in procurement processes, supplier management, controls, and ways of working. Build effective relationships with internal stakeholders and suppliers to ensure procurement outcomes support business objectives and service delivery.