IT Procurement Manager

Reed Talent Solutions; Greater London; Hybrid; GBP 89,000 - 121,000; Full time

Job summary

Global Investment Bank is seeking an experienced IT Procurement Manager on a 3-month contract in London. The role is hybrid with 3 days on site per week and a daily umbrella rate of £570.

You will shape IT sourcing strategy, manage vendor relationships and negotiate technology contracts, ensuring full governance and regulatory compliance across the Global IT estate.

Qualifications

• Proven IT procurement experience within banking or regulated environments.
• Experience negotiating technology contracts with regulatory risk considerations.
• Experience running end-to-end RFX for technology categories.
• Understanding of procure-to-pay and source-to-contract processes.
• Exposure to IT sub-categories including infrastructure, cloud, software and cybersecurity.
• Ability to analyse large volumes of financial and commercial data.
• Strong stakeholder management at senior levels.

Responsibilities

• Lead end-to-end IT procurement activities across software, hardware, cloud services, IT services, data centres and networking.
• Develop and deliver IT sourcing strategies and category roadmaps aligned to business objectives and risk appetite.
• Negotiate complex technology contracts, securing favorable terms and risk mitigation.
• Drive cost-saving and efficiency initiatives to meet savings targets.
• Partner with IT, Legal, Risk and Information Security on vendor due diligence and onboarding.

Skills

IT procurement

Vendor negotiation

RFX processes

Stakeholder mgmt

Procure-to-pay

Cloud services

Infrastructure

Cybersecurity

Education

CIPS certification

Tools

Ivalua

Job description

A global investment bank is currently recruiting for an experienced, commercially focused and detail-oriented IT Procurement Manager to join its Procurement function on a for a 3 month initial contract.

They are based in London and offer hybrid working, with 3 days on site per week. The rate for this role with be £570 per day umbrella.

This role plays a critical part in shaping and delivering the bank’s IT sourcing strategy, managing strategic vendor relationships, negotiating complex technology contracts, and ensuring full compliance with internal governance and external regulatory requirements.

You will work closely with IT leadership, the CIO Office, Legal, Risk, Information Security and senior business stakeholders to support the bank’s technology roadmap, drive cost optimisation and deliver robust, compliant procurement outcomes across the Global IT estate.

Key Responsibilities

• Lead end-to-end IT procurement activities across software, hardware, cloud services, IT services, data centres and networking
• Develop and deliver IT sourcing strategies and category roadmaps aligned to business objectives and risk appetite
• Ensure IT products and services are sourced competitively and cost‑effectively, in line with procurement policy
• Negotiate complex technology contracts, securing optimal commercial terms and appropriate risk mitigation
• Drive cost-saving and efficiency initiatives to meet agreed savings targets
• Partner with IT, Legal, Risk and Information Security teams on vendor due diligence, onboarding and ongoing oversight
• Ensure compliance with internal policies and regulatory requirements (including FCA, PRA, EBA and DORA)
• Prepare and present detailed financial and commercial analysis to senior stakeholders and governance forums
• Attend and support relevant governance meetings and committees, including provision of procurement inputs and reporting
• Perform procurement operational controls and KRIs, including conflict of interest management
• Communicate procurement policy and best practice across IT and the wider business
• Contribute to the ongoing improvement of procurement processes, systems and reporting

Skills & Experience Required

Essential

• Proven IT procurement experience within banking, financial services or another regulated environment
• Strong track record of negotiating technology contracts, including regulatory and risk-driven agreements
• Experience running end-to-end RFX processes for technology categories
• In-depth understanding of procure-to-pay and source-to-contract processes
• Exposure to IT sub-categories including infrastructure, cloud, software (SaaS and on-prem) and cybersecurity
• Ability to analyse and present large volumes of detailed financial and commercial data
• Strong stakeholder management skills, with experience engaging at senior levels

Desirable

• CIPS or equivalent procurement qualification
• Experience using Ivalua or similar procurement platforms
• Exposure to low-latency trading infrastructure and international network connectivity

Personal Attributes

• Commercially astute with a strong attention to detail
• Highly organised, methodical and comfortable managing complex, high-value initiatives
• Confident, credible communicator with strong influencing skills
• Able to operate effectively in a fast‑paced, regulated environment
• Proactive, resilient and solutions‑focused
• Collaborative team player with a strong commitment to best practice and governance