Vice President, IT Procurement, Contract Management & Third-Party Risk Management

The Japan Research Institute, Limited (Singapore Branch); Singapore; Sur place; SGD 180 000 - 240 000; Plein temps

Résumé du poste

Sumitomo Mitsui Banking Corporation (SMBC) Singapore seeks a Vice President to lead IT procurement, strategic sourcing and third-party risk management across the Asia Pacific region. You will steward vendor governance, contract lifecycle, and sourcing activities to optimise costs and ensure regulatory compliance.

You will partner with Legal, Compliance, Risk Management, and business stakeholders to drive continuous improvement in procurement practices and vendor performance, within a global

Qualifications

• Bachelor's degree in IT/Business/Procurement or related field.
• Certifications in procurement, contract management, vendor management or third-party risk management are advantageous.
• Experience in IT procurement and strategic sourcing within banking/financial services is preferred.

Responsabilités

• Drive end-to-end IT procurement, strategic sourcing, contract management, vendor governance and third-party risk management across Asia Pacific.
• Lead sourcing activities including RFx processes, vendor evaluations and negotiations.
• Collaborate with Legal, Compliance and Risk Management to review contractual and regulatory requirements.
• Monitor vendor performance, SLAs, renewal timelines and risks; manage contract lifecycle.

Connaissances

IT procurement

Strategic sourcing

Contract management

Vendor management

Third-party risk management

Regulatory compliance

Stakeholder management

Communication

Analytical skills

Presentation skills

MS 365

Excel

PowerPoint

SharePoint

Formation

Bachelor's Degree in IT/Business/Procurement/Finance/Law

Professional certifications in Procurement/Contract Management/Vendor Management/Third-Party Risk Management

Outils

Microsoft 365

Excel

PowerPoint

SharePoint

Description du poste

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Vice President, IT Procurement, Contract Management & Third-Party Risk Management

Date: Sep 11, 2026

Location: Singapore

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

Purpose of the Role

The incumbent will be part of the IT Planning Group (IPG) within the Information Technology Department and will be responsible for managing and continuously enhancing the Bank's IT procurement, strategic sourcing, contract management, vendor governance, and third-party risk management functions across the Asia Pacific region.

The role focuses on managing the end-to-end vendor lifecycle, including sourcing, procurement, contract negotiation, vendor onboarding, due diligence reviews, outsourcing assessments, and ongoing vendor governance. The successful candidate will drive continuous improvement of procurement and contract management practices, support cost optimization and vendor consolidation initiatives, and ensure compliance with internal policies, Head Office requirements, and applicable regulatory obligations.

The candidate will work closely with business stakeholders, project teams, Legal, Compliance, Risk Management, Information Security, and external vendors to support the Bank's business, operational, and regulatory objectives across the Asia Pacific region.

Key Responsibilities

IT Procurement, Strategic Sourcing & Continuous Improvement

• Drive continuous improvement of IT procurement, strategic sourcing, contract management, vendor governance, and third-party risk management processes.


• Manage end-to-end sourcing activities, including RFI, RFQ, RFP, tender exercises, vendor evaluations, supplier selection, and commercial negotiations.


• Collaborate with Global Procurement and relevant stakeholders to align regional sourcing strategies, procurement practices, and vendor management initiatives with the Bank's global procurement framework and strategic sourcing objectives.


• Promote standardization and best practices across vendor engagement, procurement, contracting, and outsourcing activities.


• Perform spend analysis, market benchmarking, and procurement reviews to identify opportunities for cost optimization, vendor consolidation, operational efficiency, and process automation.


• Maintain and enhance procurement policies, procedures, and governance frameworks in line with internal policies and regulatory requirements.


• Maintain and continuously improve the centralized contract repository and contract registry for the IT organization.


• Manage the full contract lifecycle, including contract review, negotiation, execution, renewal, amendment, and termination.


• Collaborate with Legal, Compliance, Risk Management, Information Security, and business stakeholders to review and negotiate contractual, commercial, operational, and regulatory requirements.


• Monitor vendor performance, contractual obligations, service levels, key milestones, renewal timelines, and contractual risks.


• Manage onshore, offshore, outsourced, and intra-group service arrangements throughout their lifecycle.

Third-Party Risk Management & Outsourcing Governance

• Support vendor onboarding activities, including vendor classification, materiality assessments, outsourcing assessments, and due diligence reviews.


• Coordinate third-party risk assessments covering information security, data privacy, operational resilience, business continuity, financial, and regulatory risk domains.


• Perform periodic reviews of vendors, subcontractors, and outsourcing arrangements to ensure compliance with internal policies and regulatory requirements.


• Support audits, regulatory reviews, issue remediation, and governance reporting relating to vendor and outsourcing risks.


• Maintain documentation and evidence required for regulatory reviews, audits, and governance purposes.


• Build and maintain effective relationships with business stakeholders, project teams, vendors, Legal, Compliance, Risk Management, Information Security, and other support functions.


• Provide guidance and advisory support on procurement, contract management, outsourcing, and third-party risk management matters.


• Facilitate vendor discussions and contract negotiations while balancing commercial, operational, risk, and regulatory considerations.


• Prepare management reports and presentations relating to procurement activities, contract portfolios, vendor performance, risk exposure, and cost optimization initiatives.

Requirements

Education & Professional Qualifications

• Bachelor's Degree in Information Technology, Business Administration, Procurement, Supply Chain Management, Finance, Law, Risk Management, or a related discipline.


• Professional certifications in Procurement, Contract Management, Vendor Management, Third-Party Risk Management, or related disciplines will be an advantage.

Experience

• Minimum 7 to 10 years of relevant experience in IT procurement, strategic sourcing, contract management, vendor management, outsourcing governance, or third-party risk management, preferably within the banking or financial services industry.


• Proven experience managing sourcing activities, vendor engagements, contract negotiations, and contract governance processes.


• Experience supporting audits, regulatory reviews, compliance assessments, and governance initiatives will be an advantage.

Knowledge & Skills

• Strong understanding of IT procurement, strategic sourcing, contract lifecycle management, vendor governance, and third-party risk management practices.


• Good understanding of regulatory requirements relating to outsourcing, technology risk management, data protection, and third-party risk management.


• Familiarity with MAS Outsourcing Guidelines, MAS Technology Risk Management Guidelines, PDPA, and other relevant regulatory requirements will be an advantage.


• Strong commercial acumen and contract negotiation skills.


• Excellent stakeholder management, communication, and influencing skills.


• Strong analytical, problem-solving, and presentation skills.


• Proficiency in Microsoft 365 applications, including Excel, PowerPoint, and SharePoint.


• Ability to work independently and effectively manage multiple priorities across different stakeholders and locations.