Procurement Manager at MoMo Payment Service Bank PSB

Location: Victoria Island, Lagos
Employment Type: Full-time
Experience: 6–13 years
Job Category: Procurement / Supply Chain Management

MoMo Payment Service Bank (MoMo PSB) is a financial technology institution providing digital financial services and payment solutions in Nigeria.

Job Summary

MoMo Payment Service Bank is seeking an experienced Procurement Manager to lead and manage its end-to-end procurement activities. The successful candidate will be responsible for driving cost optimisation, ensuring quality and supply continuity, and delivering value for money through effective sourcing, contract management, supplier relationships, and stakeholder engagement.

The role also involves ensuring compliance with procurement policies, governance standards, internal controls, and applicable regulatory requirements.

Key Responsibilities

• Lead and manage end-to-end procurement activities, from demand identification and sourcing to contracting, supplier management, renewals, and contract close-out.
• Develop and implement procurement and category strategies aligned with business priorities, demand plans, and budget requirements.
• Lead strategic sourcing processes, including Requests for Information (RFI), Requests for Quotation (RFQ), and Requests for Proposal (RFP).
• Oversee supplier identification, prequalification, evaluation, selection, negotiations, and contract awards.
• Lead commercial negotiations to secure competitive pricing, favourable contractual terms, quality services, and value for money.
• Conduct spend and market analysis to identify cost optimisation opportunities, demand aggregation, and operational efficiencies.
• Work with business units to understand procurement requirements, forecast demand, and develop appropriate procurement solutions.
• Manage supplier relationships and monitor performance against agreed Service Level Agreements (SLAs), Key Performance Indicators (KPIs), and contractual obligations.
• Drive supplier performance improvement initiatives and address significant supplier-related issues.
• Oversee contract execution, renewals, variations, expiry management, and supplier governance.
• Identify, assess, and mitigate procurement, supply chain, contractual, and third-party risks.
• Ensure compliance with procurement policies, delegated authority limits, internal controls, and regulatory requirements.
• Maintain procurement documentation, approvals, records, and audit trails while supporting internal and external audits.
• Provide procurement advisory services, supplier market intelligence, commercial insights, and recommendations to stakeholders.
• Support business planning and budgeting through procurement forecasts, cost analysis, and savings opportunities.
• Monitor and report procurement performance, including cost savings, supplier performance, sourcing cycle times, and compliance.
• Drive continuous improvement in procurement processes, supplier management, and internal controls.
• Build effective relationships with internal stakeholders and suppliers to support business objectives and service delivery.

Qualifications and Experience

Educational Requirements

• Bachelor’s Degree in Supply Chain Management, Business Administration, Economics, Finance, or a related discipline.
• Membership of a recognised professional body such as the Chartered Institute of Procurement & Supply (CIPS), Chartered Institute of Purchasing and Supply Management of Nigeria (CIPSMN), or an equivalent organisation is an added advantage.

Experience Requirements

• Minimum of 6–13 years’ experience in strategic sourcing, procurement, supply chain management, or commercial negotiation.
• Experience managing end-to-end sourcing processes, including RFIs, RFQs, RFPs, supplier evaluations, and contract negotiations.
• Experience in vendor management, cost optimisation initiatives, contract administration, and supplier performance management.
• Experience in the telecommunications, fintech, financial services, or technology industry is an added advantage.

How to Apply

Interested and qualified candidates should apply online through the MoMo Payment Service Bank recruitment portal.

Click here to apply for the Procurement Manager position

All job applications will be processed in accordance with the MoMo PSB Privacy Notice. Candidates are advised to review the Privacy Notice before applying.

Application Closing Date: 13th November 2026.