Procurement- IT Sourcing Manager

Job Summary: IT Sourcing Manager

The primary objective of this role is responsible for developing and executing sourcing strategies and strategically managing sourcing activities for IT transformation projects and standard product selection. The IT Sourcing Manager will drive cost-saving initiatives through spend analysis and vendor optimization, ensuring procurement aligns with internal policies, risk frameworks, and regulatory requirements. Success in this role requires strong strategic leadership, commercial expertise, deep familiarity with IT vendor management, and effective stakeholder.

Key Responsibilities

IT Procurement Process Setup:

• Design and implement end-to-end IT procurement processes.
• Align procurement workflows with internal controls and governance needs.
• Continuously improve procedures to increase efficiency and compliance.

IT Transformation Project Sourcing:

• Lead sourcing for major IT transformation and strategic initiatives.
• Engage early with stakeholders to shape sourcing strategies.
• Ensure timely and cost-effective vendor selection aligned with project goals.

Standard IT Product Selection:

• Collaborate with IT teams and define standardised IT products and services catalogue.
• Streamline sourcing to preferred vendors for core IT solutions.
• Promote consistency and reduce total cost of ownership.

Lead Cost Saving Initiatives via Spend Analysis:

• Lead analysis of spend data to identify savings and consolidation opportunities.
• Drive cost optimisation through vendor rationalisation and negotiations.
• 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 risk standards.

Contracts & Commercial Negotiation:

• Lead negotiations on commercials, licensing, SLAs, and renewals.
• Coordinate with Legal and Risk teams for contract reviews.
• Manage contract lifecycle from drafting to termination.

Procurement Governance & Compliance:

• Establish governance routines and internal approval protocols.
• Ensure alignment with audit, risk, and regulatory expectations.
• 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 service improvement.

Experience:

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

. Deep understanding of the banking technology vendor ecosystem, including commercial structures, licensing models, renewal cycles, and key supplier capabilities.

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

. Familiar with Asia-Pacific procurement-related regulations and compliance considerations.

. Proven ability to design and implement procurement strategies, processes, and governance frameworks from the ground up.

. Experience leading large-scale sourcing initiatives, handling CAPEX and OPEX, liasing with large vendors for transformation programmes, product standardisation, and cost optimisation.

. Skilled in spend analysis, vendor negotiations, and implementing supplier performance and risk management frameworks.

Qualifications & Certifications:

. Bachelor's degree in a relevant field, such as business administration, information technology, law, procurement etc.

. Professional procurement certifications or equivalent are preferred (e.g. CIPS)

Familiarity with industry standard procurement tools is an advantage