VP - IT Procurement Lead

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

Interested candidates please email your latest resume to [email protected]