IT Sourcing Manager- Procurement (Banking)

IT Sourcing Manager- Procurement

PROCUREMENT MANAGER

Someone whohas specifically worked inBanking

- Experience negotiating with large vendors
- Project value more than $10M
- Has more than 10 years experience in IT Sourcing (HW, SW, Resourcing, DataCentre)
- Expertise in leading and building end to end Procurement process from theground up
- Immediate joiner

The primary objective of this role is responsible fordeveloping and executing sourcing strategies and strategically managingsourcing activities for IT transformation projects and standard productselection.

Key Responsibilities

IT Procurement Process Setup:

Design and implement end-to-end IT procurement processes.

Align procurement workflows with internal controls andgovernance needs.

Continuously improve procedures to increase efficiency andcompliance.

IT Transformation Project Sourcing:

Lead sourcing for major IT transformation and strategicinitiatives.

Engage early with stakeholders to shape sourcing strategies.

Ensure timely and cost-effective vendor selection alignedwith project goals.

Standard IT Product Selection:

Collaborate with IT teams and define standardised ITproducts and services catalogue.

Streamline sourcing to preferred vendors for core ITsolutions.

Promote consistency and reduce total cost of ownership.

Lead Cost Saving Initiatives via Spend Analysis:

Lead analysis of spend data to identify savings andconsolidation opportunities.

Drive cost optimisation through vendor rationalisation andnegotiations.

Track and report realised savings across IT categories.

Oversee IT Sourcing Execution:

Oversee RFI, RFQ, RFP, and vendor evaluation processes.

Lead sourcing of software, infrastructure, and IT services.

Ensure vendor due diligence meets compliance and riskstandards.

Contracts & Commercial Negotiation:

Lead negotiations on commercials, licensing, SLAs, andrenewals.

Coordinate with Legal and Risk teams for contract reviews.

Manage contract lifecycle from drafting to termination.

Procurement Governance & Compliance:

Establish governance routines and internal approvalprotocols.

Ensure alignment with audit, risk, and regulatoryexpectations.

Maintain accurate documentation for review and reporting.

Vendor Performance Management:

Monitor vendor performance against KPIs and SLAs.

Facilitate periodic reviews and manage performance issues.

Support delivery teams in driving accountability and serviceimprovement.

Experience:

. Minimum 8 12 years of experience in IT procurement, with a strong track record in thebanking or financial services sector.

. Deepunderstanding of the banking technology vendor ecosystem, including commercialstructures, licensing models, renewal cycles, and key supplier capabilities.

. Extensiveexperience sourcing across multiple IT categories, including software(on-premises and SaaS), infrastructure (cloud and on-prem), and IT services.

. Familiar withAsia-Pacific procurement-related regulations and compliance considerations.

. Provenability to design and implement procurement strategies, processes, andgovernance frameworks from the ground up.

. Experienceleading large-scale sourcing initiatives, handling CAPEX and OPEX, liasing withlarge vendors for transformation programmes, product standardisation, and costoptimisation.

. Skilled inspend analysis, vendor negotiations, and implementing supplier performance andrisk management frameworks.

Qualifications & Certifications:

. Bachelor'sdegree in a relevant field, such as business administration, informationtechnology, law, procurement etc.

. Professionalprocurement certifications or equivalent are preferred (e.g. CIPS)

. Familiaritywith industry standard procurement tools is an advantage