Contract Specialist (IT, Bank)

GMP RECRUITMENT SERVICES (S) PTE LTD; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading recruitment agency in Singapore is seeking a Contract and Vendor Management professional. This role involves drafting and reviewing contracts, managing vendor relations, and ensuring compliance with legal regulations. The ideal candidate has over 5 years of experience in related fields and a strong understanding of industry practices. This position is critical in driving compliance and enhancing vendor management processes.

Qualifications

• Min. 5 years’ experience in managing projects and vendor management contracts.
• In-depth knowledge of MAS Notices and Guidelines.
• Experience in Outsourcing or Third Party Risk Management (TPRM) in banking.

Responsibilities

• Support business teams in drafting and reviewing contracts.
• Maintain a central contract registry and manage key deadlines.
• Coordinate vendor onboarding and offboarding processes.
• Track contract milestones and vendor obligations.

Skills

Contract Drafting & Review

Vendor Management

Risk & Compliance Oversight

Process Improvement

IT Project Understanding

Job description

Responsibilities

• Contract Drafting & Review: Support business teams in drafting, reviewing, and executing contracts, ensuring accuracy and compliance with legal and corporate standards.
• Contract Management: Maintain a central contract registry, monitor key deadlines, and ensure timely renewals, amendments, and compliance with regulatory requirements.
• Risk & Compliance Oversight: Identify and escalate potential contractual or compliance risks and ensure contracts align with industry regulations and internal policies.
• Vendor Onboarding/Offboarding: Coordinate onboarding and offboarding processes for vendor staff, ensuring alignment with business needs and expectations.
• Vendor Governance & Monitoring: Track contract milestones, deadlines, and vendor obligations, ensuring performance and compliance with contract terms.
• Vendor Management Support: Act as a subject matter expert on outsourcing processes, support business/project teams with vendor-related queries, and manage vendor documentation.
• Process Improvement & Evaluation: Conduct vendor performance reviews, due diligence checks, and continuously enhance vendor and outsourcing management procedures.

Qualifications

• In-depth knowledge of MAS Notices and Guidelines, including but not limited to Guidelines on Outsourcing Risk Management.
• Familiar with industry practices and to ensure that the agreement fulfils the commercial and statutory requirements.
• Min. 5 years’ of relevant working experience in managing projects and vendor management contracts.
• Experienced with IT Projects or IT service agreements, and strong understanding of IT trends and implications on business.
• Experienced in vendor management process in banking industry.
• Experienced in contract management processes and good understanding of standard contractual and commercial terms.
• Experience in Outsourcing or Third Party Risk Management (TPRM) in banking or relevant industry.

GMP Recruitment Services (S) Pte Ltd | EA Licence: 09C3051 | VO UYEN AI LINH | Registration No: R22109232

This is in partnership with the Employment and Employability Institute Pte Ltd (“e2i”).

e2i is the empowering network for workers and employers seeking employment and employability solutions. e2i serves as a bridge between workers and employers, connecting with workers to offer job security through job-matching, career guidance and skills upgrading services, and partnering employers to address their manpower needs through recruitment, training, and job redesign solutions. e2i is a tripartite initiative of the National Trades Union Congress set up to support nation-wide manpower and skills upgrading initiatives.

By applying for this role, you consent to GMP Recruitment Services (S) Pte Ltd’s PDPA and e2i’s PDPA.