IT Sourcing Manager
The primary objective of this role is responsible for developing and executing sourcing strategies and strategically managing sourcing activitiesfor IT transformation projects and standard product selection. The IT Sourcing Manager will drive cost-saving initiatives through spend analysis and vendoroptimization, ensuring procurement aligns with internal policies, riskframeworks, 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 andimplement end-to-end IT procurement processes.
• Align procurement workflows with internal controls and governance needs.
• Continuouslyimprove procedures to increase efficiency and compliance.
IT Transformation Project Sourcing:
• Lead sourcingfor major IT transformation and strategic initiatives.
• Engage early withstakeholders to shape sourcing strategies.
• Ensure timely andcost-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 consistencyand reduce total cost of ownership.
Lead Cost Saving Initiatives via Spend Analysis:
• Lead analysis of spend data to identify savings and consolidation opportunities.
• Drive costoptimisation through vendor rationalisation and negotiations.
• Track and reportrealised savings across IT categories.
Oversee IT Sourcing Execution:
• Oversee RFI, RFQ,RFP, and vendor evaluation processes.
• Lead sourcing ofsoftware, infrastructure, and IT services.
• Ensure vendor due diligence meetscompliance and risk standards.
Contracts & Commercial Negotiation:
• Lead negotiationson commercials, licensing, SLAs, and renewals.
• Coordinatewith 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 alignmentwith audit, risk, and regulatory expectations.
• Maintain accurate documentation for review and reporting.
Vendor Performance Management:
• Monitor vendorperformance against KPIs and SLAs.
• Facilitate periodicreviews and manage performance issues.
• Support deliveryteams in driving accountability and service improvement.
Experience:
• Minimum 8 ~ 12years 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 todesign and implement procurement strategies, processes, and governance frameworks from the ground up.
• Experience leadinglarge-scale sourcing initiatives for transformation programmes, productst andardisation, and cost optimisation.
• Skilled in spendanalysis, vendor negotiations, and implementing supplier performance and riskmanagement frameworks.
Qualifications & Certifications:
• Bachelor’s degreein a relevant field, such as business administration, information technology,law, procurement etc.
• Professional procurement certifications or equivalent are preferred (e.g. CIPS)
• Familiarity withindustry standard procurement tools is an advantage