Sourcing Manager (IT Banking)

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 sourcingstrategies.

. 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.

Key Responsibilities

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-premise 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 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.

EA Number: 11C4879