Assistant Vice President , IT Vendor Management

Krisvconsulting Services Pte Ltd; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A prominent banking consulting firm in Kuala Lumpur is seeking an Assistant Vice President in IT Vendor Management to oversee the bank's IT vendor ecosystem. This role focuses on forging strong partnerships, ensuring compliance, and delivering value through effective vendor governance and contract negotiation. The ideal candidate will possess over 5 years of experience in IT vendor management within the banking sector and have robust expertise in risk management and performance monitoring, aligning vendor capabilities with business objectives.

Qualifications

• 5+ years experience in IT vendor management, preferably in banking/financial services.
• Strong expertise in contract negotiation and governance.
• Ability to manage IT vendors strategically to maximize value and compliance.

Responsibilities

• Develop and implement vendor management strategies aligned with IT/business goals.
• Maintain strong vendor relationships and handle escalations.
• Lead contract negotiations to secure favorable terms and mitigate risks.
• Establish governance frameworks and conduct reviews/audits.
• Monitor vendor performance and drive continuous improvement.

Skills

Vendor management

Contract negotiation

Performance monitoring

Risk management

Stakeholder collaboration

Education

Bachelor's degree in IT, Business Administration, or related field

Job description

About the job Assistant Vice President , IT Vendor Management

The AVP, IT Vendor Management oversees the banks IT vendor ecosystem, ensuring strong partnerships, compliance, and value delivery. The role focuses on vendor governance, contract negotiation, performance monitoring, and risk management, aligning vendor capabilities with the banks technology and business objectives.

Responsibilities

• Develop and implement vendor management strategies aligned with IT/business goals.
• Maintain strong vendor relationships and handle escalations.
• Lead contract negotiations to secure favorable terms and mitigate risks. Manage SLAs, KPIs, and ensure compliance with procurement and regulatory policies.
• Establish governance frameworks, conduct reviews/audits.
• Monitor vendor performance and drive continuous improvement.
• Identify/manage risks in third-party engagements
• Ensure adherence to security, compliance, and data protection standards.
• Collaborate with IT, Procurement, Legal, and Finance teams. Provide performance insights and reporting to senior management.

Requirements

• Bachelors degree in IT, Business Administration, or related field.
• Minimum 5 years experience in IT vendor management (preferably in banking/financial services).
• Strong expertise in contract negotiation, governance, and performance management.
• Experience to strategically manage IT vendors to maximize value, ensure compliance, and support the banks business objectives.