Daniel Dumitrascu, Head of Procurement – Deutsche Bank Service Center
Daniel Dumitrascu, Head of Deutsche Bank Procurement Service Center, with Deutsche Bank since 2017, managing 160 employees in strategic positions with a global reach.
How did you start your career? Which were your first steps? How did you envision your career?
I would say that I started my career in Procurement by chance… my first job had a procurement component, so, in time, I started enjoying the thrill of engaging people and negotiating deals. Hence, moving to a procurement role seemed like a natural next move. Once I got the taste of it, there was no going back. 😊
What were your key career moments?
I think the most impactful moment for me was living and working in a different country/culture. Even if I did it for just one year, it is something that I would encourage anyone to do, no matter the area they are working in. Experiencing first-hand different cultures as a resident rather than a tourist is an eye opener + if you do that in an international working environment, it is broadening your horizons and gets you out of your comfort zone, which is always a good thing if you want to grow your career.
What are the three most valuable career lessons you have learnt?
- Get a job you enjoy, otherwise, you will not be happy and you will not do it properly (I know it sounds like a cliché, but I really think this is true and you should always try to do it);
- Never stop learning, always try to find time for learning something new;
- Everyone is different, you need to accept and embrace diversity and find ways of speaking the same language as your counterpart.
Why did you choose Business Services Industry?
As mentioned, it was kind of the next natural move for me to work in Procurement, and BS Industry offered me the opportunity to do this job at the highest level. Deutsche Bank is one of the world’s leading financial service providers and that comes with the opportunity in Procurement to work on a variety of projects within retail banking, private banking, corporate banking, investment banking, and wealth management. The fact that Deutsche Bank has a high focus on IT gives us the opportunity to be up to speed with the latest innovations and find ways to translate this into added value for the company. Not to mention the fact that working for a multinational comes with a complexity that never lets you get bored. Plus, Deutsche Bank has a culture that fosters continuous learning and development of its people, so it is a great environment for growth.
Tell us a little bit about your private life: your passions, family. What do you do to relax?
With 2 kids at home, my passions are lately related to the family – I like travelling with my wife and kids; we enjoy city breaks across Europe since the kids are now at an age when they like visiting not only amusement parks but also museums and enjoy different architectures.
My view of a relaxing afternoon is either spending time with friends over a barbeque and a glass of wine or just relaxing in a hammock and reading a good book.
If now you were starting your career, knowing the present and near future opportunities, what would you do?
Probably trying to get the advantage of mobility opportunities earlier in my career.
What are the top 3 skills that you would develop?
I really believe that technology can help create a better life for us if used properly and for the right scope, so I would love to learn more, understand more and develop skills in AI, ML.
What would you do and what would you avoid doing?—practical advice to young professionals
Work hard, be open-minded, and stick to your values.