Responsibilities
- Procurement Process Management
- Source and evaluate vendors, products, and services with the use of RFP/RFQ/ procurement strategies, to align with the bank's technology strategy and business needs
- Negotiate contracts T&Cs, pricing, and service level agreements with technology vendors to ensure optimal value
- Collaborate with internal teams, business units, and stakeholders to understand procurement needs, identify requirements/ specifications and ensure alignment with organizational goals
- Manage the complete procurement lifecycle from requisition to delivery, 3-way match payment, implementation and vendor service quality review
- Maintain accurate procurement documentation, tracker and records for audit purposes
- Conduct market research to identify emerging technologies and cost-saving opportunities
- Ensure compliance with banking regulations, internal procurement policies, and industry standards
- Develop and maintain relationships with key technology suppliers and partners
- Monitor and evaluate vendor performance against contractual obligations and SLAs, addressing any issues that may arise
- Support internal teams, business units, and stakeholders in vendor management activities
- Draft, review, and manage contracts, change requests, SOWs and addendums, with suppliers, ensuring compliance with company policies and legal requirements.
- Work with legal to finalize contracts with selected vendors, ensuring compliance with organization policies and legal requirements.
- Responsible for timely coordination with internal stakeholders and vendors for Vendor Onboarding and the TPRM process
- Coordinate with Risk, Outsourcing & various departments to ensure risk assessments, tracking of risks are captured on internal tools
- Conduct vendor due diligence, risk assessments, and compliance reviews covering TPR, data risk, MAS outsourcing and EU DORA guidelines
Qualifications
- Bachelor's degree in related field
- 4-6 years of procurement experience, preferably 1-2yrs in banking/regulated services
- Knowledge of banking industry regulations and compliance requirements (e.g. MAS658, DORA)
- Experience with P2P Process, contract management, and vendor relationship management
- Understanding of IT infrastructure, data centres, software licensing models, and technology services
- Certification in procurement or supply chain management (CIPS, CPSM, CPM)
- Experience with procurement & contract process, invoicing, payments, risk management and KYS tools - SAP, CONCUR, OTTER, COSMOS, FIRCOSOFT, ServiceNow, DocuSign etc
- Knowledge of data center procurement, infra, h/w, s/w, outsourced consultancy services, storage, facilities, building management and broad range of categories
- Familiarity with cybersecurity requirements in banking
Qualified candidates are invited to submit their applications in (MS Word) format to
to Shaun Quek Yew Meng R1660732
[Confidential Information]
Recruit Express Pte Ltd
EA Licence No: 99C4599
Only shortlisted applicants will be notified.
