We are seeking an experienced IT procurement lead (Manager) - IT to join our banking client. This is a critical leadership role responsible for driving strategic sourcing initiatives, managing complex vendor relationships, and overseeing end-to-end procurement processes for large-scale IT engagements.

You will play a key role in optimizing supplier performance,mitigating risks, and delivering cost-efficient, high-value outcomes alignedwith the organisation's strategic objectives.

Key Responsibilities

Lead strategic sourcing initiatives for IT categories across the banking domain
Manage the full procurement lifecycle, including market analysis, RFx development (RFI/RFP/RFQ), evaluation, negotiation, and contract award
Oversee large and complex IT contracts, ensuring compliance, performance, and value delivery
Develop and maintain strong vendor relationship management frameworks, including governance, performance metrics, and continuous improvement initiatives
Conduct commercial negotiations to achieve favourable terms, cost savings, and risk mitigation
Identify, assess, and manage supplier and contractual risks, ensuring alignment with regulatory and organisational requirements
Collaborate with internal stakeholders (IT, Risk, Legal, Finance) to align sourcing strategies with business needs
Drive supplier innovation, cost optimisation, and service excellence
Monitor market trends and emerging technologies to inform sourcing strategies

Required Skills & Experience

Min 15 years of experience in strategic sourcing and procurement within IT, preferably in the banking or financial services industry
Strong track record in vendor management and managing strategic supplier relationships
Extensive experience handling large, high-value contracts and complex negotiations
Demonstrated ability to run end-to-end tender processes (RFP/RFQ lifecycle)
Solid understanding of risk management principles, including contractual, operational, and third-party risk
Strong commercial acumen with excellent negotiation and stakeholder management skills
Familiarity with regulatory environments in banking/financial services is highly desirable
Exceptional communication, analytical, and problem-solving abilities

Interested candidates please email your latest resume to [HIDDEN TEXT]

VP - IT Procurement Lead