Procurement Sourcing Manager - Mizuho Bank

Mizuho Bank, Ltd; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading global financial institution in Singapore seeks an experienced IT Sourcing Manager to develop and execute sourcing strategies for IT projects. The ideal candidate will have 10+ years in IT procurement, excellent vendor management skills, and the ability to drive cost-saving initiatives. Responsibilities include overseeing vendor performance, managing procurement processes, and ensuring compliance with internal policies. This position offers a chance to contribute to a dynamic environment with a focus on strategic sourcing and cost optimization.

Qualifications

• 10+ years of relevant experience in IT procurement and sourcing.
• Professional procurement certifications or equivalent are preferred (e.g. CIPS).
• Experience in large, complex, or regulated organizations is preferred.

Responsibilities

• Develop and execute sourcing strategies for IT transformation projects.
• Lead sourcing activities for major IT initiatives and vendor selection.
• Monitor vendor performance against KPIs and SLAs.

Skills

Strategic leadership

Vendor management

Procurement compliance

Cost optimization

Education

Bachelor in Business Administration, Information Technology, or related disciplines

Tools

Industry-standard procurement tools

Job description

Company Profile

MIZUHO BANK IS THE BANKING SUBSIDIARY OF MIZUHO FINANCIAL GROUP, WHICH IS HEADQUARTERED IN TOKYO, JAPAN. MIZUHO FINANCIAL GROUP, INC. IS THE 15TH LARGEST BANK IN THE WORLD, AS MEASURED BY TOTAL ASSETS OF APPROXIMATELY US 2 TRILLION. MIZUHO'S 55,000 EMPLOYEES WORLDWIDE OFFER COMPREHENSIVE FINANCIAL SERVICES TO CLIENTS IN OVER 800 OFFICES THROUGHOUT THE AMERICAS, EMEA, AND ASIA.

MIZUHO BANK SINGAPORE BRANCH HAS AN ESTABLISHED LOCAL PRESENCE WITH OVER 50 YEARS OF HISTORY AND SERVES AS THE REGIONAL HUB FOR THE BANK'S APAC OPERATIONS.

OPERATING WITH A FULL BANK LICENSE, MIZUHO BANK SINGAPORE BRANCH PROVIDES BANKING SERVICES TO OVER 2,000 JAPANESE AND NON JAPANESE CORPORATE CLIENTS, WITH A STAFF STRENGTH OF ABOUT 1,000 EMPLOYEES. WE PROVIDE EXPERTISE IN CORPORATE FINANCE, TRADE FINANCE, CASH MANAGEMENT, FUNDS TRANSFERS, PROJECT FINANCE, AND TREASURY SERVICES TO HELP BUSINESSES DEVELOP AND FIND NEW OPPORTUNITIES. WE ALSO COLLABORATE WITH OUR AFFILIATE COMPANY, MIZUHO SECURITIES, TO PROVIDE INVESTMENT BANKING SOLUTIONS TO OUR CLIENTS.

Job Responsibilities

Role Overview

This role is responsible for developing and executing sourcing strategies and strategically managing sourcing activities for IT transformation projects and standard product selection. The IT Sourcing Manager will drive cost-saving initiatives through spend analysis and vendor optimization, ensuring procurement aligns with internal policies, risk frameworks, and regulatory requirements. Success in this role requires strong strategic leadership, commercial expertise, deep familiarity with IT vendor management, and effective stakeholder.

Key Responsibilities

IT Procurement Process Setup

• Design and implement end-to-end IT procurement processes.
• Align procurement workflows with internal controls, governance requirements, and policies.
• Continuously improve procurement procedures to enhance efficiency, transparency, and compliance.

IT Transformation Project Sourcing

• Lead sourcing activities for major IT transformation and strategic initiatives.
• Engage stakeholders early to shape sourcing strategies and commercial approaches.
• Ensure timely and cost-effective vendor selection aligned with project objectives.

Standard IT Product Selection

• Collaborate with IT teams to define and maintain a standardised IT products and services catalogue.
• Streamline sourcing to preferred vendors for core IT solutions.
• Promote consistency and reduce total cost of ownership across IT spend.

Cost Saving Initiatives via Spend Analysis

• Lead analysis of IT spend data to identify savings and consolidation opportunities.
• Drive cost optimisation through vendor rationalisation and commercial negotiations.Track, validate, and report realised savings across IT categories.

Oversee IT Sourcing Execution

• Oversee RFI, RFQ, RFP, and vendor evaluation processes.
• Lead sourcing of software, infrastructure, and IT services.
• Ensure vendor due diligence meets compliance, risk, and governance standards.

Contracts & Commercial Negotiation

• Lead negotiations on commercial terms, licensing models, SLAs, and renewals.
• Coordinate with Legal and Risk teams on contract review and approvals.
• Manage the contract lifecycle from drafting through execution and termination.

Procurement Governance & Compliance

• Establish and maintain procurement governance routines and approval frameworks.
• Ensure alignment with audit, risk, and regulatory expectations.
• Maintain accurate documentation for audit, review, and reporting purposes.

Vendor Performance Management

• Monitor vendor performance against KPIs and SLAs.
• Facilitate regular vendor reviews and address performance gaps.
• Support delivery teams in driving vendor accountability and service improvement

Requirements

• Bachelor in Business Administration, Information Technology, Procurement, or related disciplines
• At least 10 years of relevant experience in IT procurement and sourcing
• Professional procurement certifications or equivalent are preferred (e.g. CIPS)
• Experience in large, complex, or regulated organisations is preferred
• Familiarity with industry-standard procurement and sourcing tools is an advantage