Strategic Vendor Governance Specialist

PayNet (Payments Network Malaysia); Kuala Lumpur; On-site; MYR 100,000 - 145,000; Full time

Job summary

PayNet (Payments Network Malaysia) is seeking a Senior Vendor Manager to oversee third-party engagements that underpin national payment infrastructure. You will coordinate onboarding, due diligence, risk assessment, and renewal planning across procurement, Legal, Risk and Technology teams.

In this role you will monitor KPIs, SLAs and contract obligations, drive cost optimisation, maintain vendor master data, and ensure governance and compliance across the vendor lifecycle.

Qualifications

• Solid experience in vendor management, procurement, contract management or third-party governance.
• Strong working knowledge of vendor lifecycle management, onboarding, due diligence, segmentation and risk classification.
• Ability to coordinate cross-functional governance with Procurement, Legal, Risk, Compliance and Technology.

Responsibilities

• Manage assigned vendor lifecycle activities, including onboarding, due diligence coordination, segmentation, risk classification and vendor rationalisation support.
• Monitor vendor performance against KPIs, SLAs, contractual obligations and service expectations; coordinate review meetings and follow-up actions.
• Maintain accurate vendor master data and contract records, including key vendor information, documentation, repository updates and audit trail requirements.
• Review and support negotiation of procurement-related contracts, including Master Service Agreements, SaaS agreements, Statements of Work, amendments and renewal documents, in collaboration with Legal and business stakeholders.
• Prepare regular updates and reports on vendor performance, contract status, renewal pipeline, risk exposure and cost optimisation opportunities.

Skills

Vendor management

Procurement

Contract management

Third-party governance

Risk assessment

Stakeholder management

Cost optimization

KPI/SLA monitoring

Vendor lifecycle management

Tools

CLM systems

SharePoint

Excel

Power BI

Job description

PayNet (Payments Network Malaysia) is seeking a Senior Vendor Manager to oversee third-party engagements that underpin national payment infrastructure. You will coordinate onboarding, due diligence, risk assessment, and renewal planning across procurement, Legal, Risk and Technology teams.

In this role you will monitor KPIs, SLAs and contract obligations, drive cost optimisation, maintain vendor master data, and ensure governance and compliance across the vendor lifecycle.