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