Sourcing Manager (IT Banking)

APAR TECHNOLOGIES PTE. LTD.; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading technology provider in Singapore is searching for a seasoned IT Procurement specialist. The role involves designing procurement processes, leading sourcing initiatives, and managing vendor negotiations. Candidates should have 8–12 years of relevant experience, especially in the banking or financial services sectors, and a strong ability in compliance and procurement governance. Join a dynamic team focused on efficient and cost-effective vendor management.

Qualifications

• 8-12 years of experience in IT procurement, ideally in banking or financial services.
• Deep understanding of the banking technology vendor ecosystem and compliance.
• Experience in sourcing software, infrastructure, and IT services.

Responsibilities

• Design and implement end-to-end IT procurement processes.
• Lead sourcing for major IT transformation initiatives.
• Manage vendor selection aligned with project goals.

Skills

IT procurement expertise

Vendor negotiation skills

Spend analysis

Compliance knowledge

Stakeholder engagement

Education

Bachelor’s degree in business administration, IT, or related field

Professional procurement certification (e.g. CIPS)

Job description

Key Responsibilities

ITProcurement Process Setup

• Design and implement end-to-end IT procurement processes.
• Align procurement workflows with internal controls and governanceneeds.
• Continuously improve procedures to increase efficiency andcompliance.

ITTransformation ProjectSourcing

• Leadsourcingfor major IT transformation andstrategic initiatives.
• Engage early with stakeholders to shapesourcingstrategies.
• Ensure timely and cost-effective vendor selection aligned withproject goals.

Standard IT Product Selection

• Collaborate with IT teams and define standardised IT products andservices catalogue.
• Streamlinesourcingto preferred vendors for core ITsolutions.
• Promote consistency and reduce total cost of ownership.

Lead CostSaving Initiatives via Spend Analysis

• Lead analysis of spend data to identify savings and consolidationopportunities.
• Drive cost optimisation through vendor rationalisation andnegotiations.
• Track and report realised savings across IT categories.

OverseeITSourcing Execution

• Oversee RFI, RFQ, RFP, and vendor evaluation processes.
• Leadsourcingof software, infrastructure, and ITservices.
• Ensure vendor due diligence meets compliance and risk standards.

Contracts & Commercial Negotiation

• Lead negotiations on commercials, licensing, SLAs, and renewals.
• Coordinate with Legal and Risk teams for contract reviews.
• Manage contract lifecycle from drafting to termination.

Procurement Governance & Compliance

• Establish governance routines and internal approval protocols.
• Ensure alignment with audit, risk, and regulatory expectations.
• Maintain accurate documentation for review and reporting.

VendorPerformance Management

• Monitor vendor performance against KPIs and SLAs.
• Facilitate periodic reviews and manage performance issues.
• Support delivery teams in driving accountability and serviceimprovement.

Experience

• Minimum 8 ~ 12 years of experience in IT procurement, with astrong track record in the banking or financial services sector.
• Deep understanding of the banking technology vendor ecosystem,including commercial structures, licensing models, renewal cycles, and keysupplier capabilities.
• Extensive experiencesourcingacross multiple IT categories,including software (on-premise and SaaS), infrastructure (cloud and on-prem),and IT services.
• Familiar with Asia-Pacific procurement-related regulations andcompliance considerations.
• Proven ability to design and implement procurement strategies,processes, and governance frameworks from the ground up.
• Experience leading large-scalesourcinginitiatives for transformationprogrammes, product standardisation, and cost optimisation.
• Skilled in spend analysis, vendor negotiations, and implementingsupplier performance and risk management frameworks.

Qualifications & Certifications

• Bachelor’s degree in a relevant field, such as businessadministration, information technology, law, procurement etc.
• Professional procurement certifications or equivalent arepreferred (e.g. CIPS)
• Familiarity with industry standard procurement tools is anadvantage.

EA Number: 11C4879