IT Procurement Manager

Reed Talent Solutions; Greater London; Hybrid; GBP 82,000 - 86,000; Full time

Benefits offered by this job

Hybrid work 3 days on site

Job summary

Reed Talent Solutions is recruiting an experienced IT Procurement Manager for a global investment bank on a 3‑month contract in London. Hybrid working with 3 days on site per week, £570 per day umbrella, the role shapes the IT sourcing strategy and oversees major vendor relationships.

You will negotiate technology contracts, ensure regulatory alignment (FCA, PRA, EBA, DORA) and partner with IT leadership, Legal, Risk and Information Security to deliver compliant procurement outcomes across the

Qualifications

• Proven IT procurement experience within banking or regulated environments.
• Strong track record negotiating technology contracts and regulatory/risk‑driven agreements.
• Experience running end‑to‑end RFX for technology categories.

Responsibilities

• Lead end‑to‑end IT procurement for software, hardware, cloud, IT services, data centres and networking.
• Develop and deliver IT sourcing strategies and category roadmaps.
• Negotiate complex technology contracts and terms with vendors.
• Drive cost savings and ensure compliance with procurement policy.
• Collaborate with IT, Legal, Risk and Information Security for vendor due diligence and governance.
• Prepare financial and commercial analysis for governance forums.
• Support procurement reporting and policy communication across IT.

Skills

IT procurement

Vendor management

RFX processes

Contract negotiation

Stakeholder management

Ivalua

Regulatory compliance

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

• 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
• 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 i>
• Strong stakeholder management skills, with experience engaging at senior levels
• 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