Director - IT Procurement Lead

Tangspac Consulting Group; Singapore; On-site; SGD 180,000 - 260,000; Full time

Job summary

Tangspac Consulting Group is seeking an experienced IT procurement lead (Manager) to join our banking client in Singapore. This leadership role drives strategic sourcing initiatives, manages complex vendor relationships, and oversees end-to-end procurement processes for large-scale IT engagements.

You will optimize supplier performance, mitigate risks, and deliver cost-efficient, high-value outcomes aligned with the organisation’s strategic objectives.

Qualifications

• 15+ years in strategic IT sourcing/procurement, preferably in banking or financial services.
• Proven vendor management across large, high-value contracts.
• Experience running end-to-end tender processes (RFI/RFP/RFQ).
• Strong risk, regulatory awareness and stakeholder management.

Responsibilities

• Lead strategic sourcing initiatives for IT categories within banking.
• Manage full procurement lifecycle from market analysis to contract award.
• Oversee large IT contracts ensuring compliance and value delivery.
• Develop vendor governance, metrics and continuous improvement.
• Conduct negotiations to achieve favorable terms and cost savings.
• Identify and mitigate supplier/contractual risks in line with regulations.
• Collaborate with IT, Risk, Legal and Finance to align sourcing strategies.
• Drive supplier innovation, cost optimisation and service excellence.
• Monitor market trends and emerging technologies to inform strategies.

Skills

Strategic sourcing

Vendor mgmt

Negotiation

Stakeholder mgmt

Risk management

IT procurement

Tender processes

Tools

Contract management

Job description

We are seeking an experienced IT procurement lead (Manager) - IT to join our banking client. This is a critical leadership role responsible for driving strategic sourcing initiatives, managing complex vendor relationships, and overseeing end-to-end procurement processes for large-scale IT engagements.

You will play a key role in optimizing supplier performance,mitigating risks, and delivering cost-efficient, high-value outcomes alignedwith the organisation’s strategic objectives.

Key Responsibilities

• Lead strategic sourcing initiatives for IT categories across the banking domain
• Manage the full procurement lifecycle, including market analysis, RFx development (RFI/RFP/RFQ), evaluation, negotiation, and contract award
• Oversee large and complex IT contracts, ensuring compliance, performance, and value delivery
• Develop and maintain strong vendor relationship management frameworks, including governance, performance metrics, and continuous improvement initiatives
• Conduct commercial negotiations to achieve favourable terms, cost savings, and risk mitigation
• Identify, assess, and manage supplier and contractual risks, ensuring alignment with regulatory and organisational requirements
• Collaborate with internal stakeholders (IT, Risk, Legal, Finance) to align sourcing strategies with business needs
• Drive supplier innovation, cost optimisation, and service excellence
• Monitor market trends and emerging technologies to inform sourcing strategies

Required Skills & Experience

• Min 15 years of experience in strategic sourcing and procurement within IT, preferably in the banking or financial services industry
• Strong track record in vendor management and managing strategic supplier relationships
• Extensive experience handling large, high-value contracts and complex negotiations
• Demonstrated ability to run end-to-end tender processes (RFP/RFQ lifecycle)
• Solid understanding of risk management principles, including contractual, operational, and third-party risk
• Strong commercial acumen with excellent negotiation and stakeholder management skills
• Familiarity with regulatory environments in banking/financial services is highly desirable
• Exceptional communication, analytical, and problem‑solving abilities