IT Procurement Specialist (Bank)
IT Procurement Specialist (Bank)
Job Details
Vacancies
1 position
Experience Required
No experience required
Job Description
Contract | Bank
Responsibilities:
• Source and assess technology vendors, products, and services through structured procurement processes such as RFPs and RFQs, in line with the bank’s technology strategy and business needs.
• Negotiate commercial terms, including pricing, contractual terms and conditions, and service level agreements with technology vendors.
• Partner with internal stakeholders and business units to understand procurement requirements and define specifications.
• Manage the full procurement lifecycle, including requisition, vendor selection, contract execution, delivery, invoice verification (3-way matching), and vendor performance review.
• Maintain accurate procurement documentation and trackers to support audit and compliance requirements.
• Conduct market research to identify new technology solutions and opportunities for cost optimisation.
• Ensure all procurement activities comply with internal policies, regulatory requirements, and industry standards.
• Build and maintain effective relationships with key technology suppliers and partners.
• Monitor vendor performance against contractual obligations and SLAs, addressing issues where necessary.
• Work closely with Legal to review and finalize vendor contracts in accordance with the bank’s policies and regulatory framework.
• Coordinate with Risk, Outsourcing, and relevant internal teams to complete vendor risk assessments and ensure proper risk documentation in internal systems.
Requirements
• Bachelor’s degree in Business, Commerce, Information Technology, or a related discipline.
• 4–6 years of relevant experience in procurement, preferably with exposure to technology sourcing.
• Understanding of IT infrastructure, data centres, software licensing models, and technology-related services.
• Strong analytical and evaluation skills, with the ability to review vendor proposals and contractual terms.
We regret that only shortlisted candidates will be notified.
GMP Technologies (S) Pte Ltd | EA Licence: 11C3793 | Nurul Amirah | Registration No: R22108940
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