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paynet (payments network malaysia)

Senior Executive - Sourcing

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  • Posted 13 hours ago
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Job Description

Why PayNet / Why Now

  • Power the backbone of Malaysia's national payments ecosystem with real, tangible economic impact
  • Shape how strategic sourcing unlocks value across critical technology investments
  • Join at a moment of growing complexity in financial technology (fintech), where procurement decisions directly influence scale, resilience, and innovation
  • Work alongside business and technology leaders to drive smart, data-backed commercial outcomes
  • Elevate procurement from process execution to a strategic lever for growth and risk control

TL;DR

  • Own end-to-end sourcing for technology categories with full commercial accountability
  • Drive Request for Information (RFI), Request for Quotation (RFQ), and Request for Proposal (RFP) processes and negotiations using structured, data-driven frameworks
  • Shape category strategies using spend analysis, market intelligence, and Total Cost of Ownership (TCO) thinking
  • Influence leadership decisions with clear commercial insights and recommendations
  • Ensure governance, compliance, and delivery without slowing business momentum

Why This Role Matters

  • Decide how millions in technology spend are allocated, optimized, and governed
  • Protect PayNet from commercial, operational, and vendor risks through strong sourcing judgment
  • Enable faster, better business outcomes by selecting the right partners and contract structures
  • Translate market intelligence into sourcing strategies that improve cost, quality, and innovation
  • Strengthen procurement as a trusted advisor, not just a control function

What You Will Actually Do

  • Own sourcing cases end-to-end—from strategy design to supplier selection and contract negotiation
  • Shape category strategies by segmenting spend, assessing risks, and aligning to business priorities
  • Drive Request for Information (RFI), Request for Quotation (RFQ), Request for Proposal (RFP), and specialised procurement processes with clear evaluation frameworks
  • Lead commercial evaluations, build pricing models, and recommend decisions to senior stakeholders
  • Manage Purchase Requisition (PR) and Purchase Order (PO) flows to ensure compliance, accuracy, and timely approvals
  • Drive continuous improvement in sourcing methods, evaluation criteria, and decision frameworks

Examples of This Role in Practice

  • Decide between global vendors for a critical technology platform using Total Cost of Ownership (TCO) and risk-based scoring
  • Lead a competitive Request for Proposal (RFP) that balances cost, Service Level Agreements (SLAs), and long-term scalability
  • Challenge stakeholder requirements to refine sourcing strategy and avoid over-specification
  • Negotiate pricing and contract terms that deliver measurable savings without compromising outcomes
  • Redesign evaluation criteria to ensure fair, transparent, and faster procurement decisions
  • Step in to resolve stalled sourcing cases by aligning stakeholders and clarifying decision trade-offs

What Will Help You Succeed

  • Proven ability to own full sourcing lifecycle, including Request for Information (RFI), Request for Quotation (RFQ), Request for Proposal (RFP), negotiations, and supplier selection
  • Strong commercial judgment with experience in spend analysis, market benchmarking, and Total Cost of Ownership (TCO)
  • Deep understanding of procurement governance, controls, and compliance expectations
  • Confidence influencing stakeholders across business and technology functions
  • Familiarity with structured sourcing frameworks, supplier management, and contract lifecycle practices
  • Exposure to digital procurement tools, analytics, or emerging practices (e.g., Artificial Intelligence (AI)-enabled sourcing)

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Job ID: 148941813