The National Bank of Iraq (NBI) was founded in 1995 as a publicly traded, private sector company, offering comprehensive banking services to individuals and businesses in Iraq. As a result of NBI’s success and to fuel future growth, its capital was increased from the initial IQD 400 million to IQD 250 billion (USD 215 million) in December 2013. 

In 2005, Capital Bank Jordan acquired majority shares (61.85%) in NBI, allowing NBI to evolve its business offerings, strengthen its global footprint and promote financial inclusion across the country. 

With its extensive network of correspondent banks, Capital Bank stands as NBI’s gateway to world economies, facilitating internal and external remittances, granting lines of credit, as well as offering trade finance services. 

NBI operates a modern core banking system to support its growth and customer services. Capital Bank and its subsidiaries audit all accounts through Ernst and Young, and report financials in accordance with International Accounting Standards. 

NBI has earned a BB rating by Capital Intelligence, the international credit rating agency. It further received a ‘Good’ rating by the Central Bank of Iraq.

Today, NBI has more than 38 branches in all major cities in Iraq, and a branch in KSA. 

Key Responsibilities – Procurement Officer

• Implement procurement activities and purchasing processes to ensure the timely provision of all requirements and supplies for the Bank’s departments, in coordination with the relevant stakeholders.
• Maintain accurate purchasing records and documentation, ensuring they are properly filed, organized, and easily accessible when needed.
• Participate in the continuous evaluation of suppliers’ performance, contribute to supplier classification and approval processes, and maintain strong relationships with approved local and international suppliers.
• Receive and review purchase requests from various departments and execute the procedures required for issuing purchase orders.
• Follow up on the issuance of purchase orders, coordinate with the concerned parties regarding the opening of bank credits, and monitor all procurement procedures to ensure timely delivery and avoid delays.
• Obtain price quotations from approved suppliers, compare and evaluate offers, recommend the most suitable options to the Procurement and Supplies Manager, and implement approved directives accordingly.
• Communicate and negotiate with suppliers to secure the best prices, favorable delivery schedules, and necessary clarifications regarding requested items.
• Maintain and continuously update the supplier database to ensure accurate and comprehensive information on vendors and procurement sources.
• Conduct studies related to the Bank’s procurement needs, material consumption, and annual requirements; prepare purchasing reports and submit them to the relevant department for review and verification.
• Prepare and follow up on claims with suppliers regarding damaged, missing, or non-conforming items.
• Submit periodic reports on work progress and procurement activities to the Procurement Manager.
• Arrange hotel reservations and airline ticket bookings related to all official Bank business and activities.

• Bachelor’s Degree in Business Administration or Accounting.
• Minimum of two years of experience in a similar role.