IT Procurement Specialist (Banking | Up to $6k)

The Opportunity

• Adecco is partnering with a leading bank to look for a IT Procurement Specialist

The Talent

• Degree in business, commerce, IT or a related field
• At least 2-3 years of procurement experience, highly preferable in technology/IT procurement
• Prior work experience in banking/regulated services is a strong advantage
• Knowledge of banking industry regulations and compliance requirements (e.g. MAS658, DORA)
• Experience with P2P Process, contract management, and vendor relationship management
• Understanding of IT infrastructure, data centres, software licensing models, and technology services
• Strong analytical skills with ability to evaluate complex proposals and contracts
• Excellent negotiation and communication skills
• Certification in procurement or supply chain management (CIPS, CPSM, CPM) is an advantage
• Experience with procurement & contract process, invoicing, payments, risk management and KYS tools is a plus
• Familiarity with cybersecurity requirements in banking is an advantage
• Project management experience is an advantage

The Job

Procurement Process Management

• Source and evaluate vendors, products, and services with the use of RFP/RFQ/ procurement strategies
• Negotiate contracts T&Cs, pricing, and service level agreements with technology vendors 
• Collaborate with internal teams, business units, and stakeholders to understand procurement needs, identify requirements/ specifications
• Manage the complete procurement lifecycle from requisition to delivery, 3-way match payment, implementation and vendor service quality review
• Maintain accurate procurement documentation, tracker and records for audit purposes
• Conduct market research to identify emerging technologies and cost-saving opportunities
• Ensure compliance

Vendor Management

• Develop and maintain relationships with key technology suppliers and partners
• Monitor and evaluate vendor performance against contractual obligations

Contract Management

• Draft, review, and manage contracts, change requests, SOWs and addendums, with suppliers
• Work with legal to finalize contracts with selected vendors, ensuring compliance 

Vendor Onboarding & Third-Party Risk Management (TPRM)

• Coordinate with Risk, Outsourcing & various departments to ensure risk assessments
• Conduct vendor due diligence, risk assessments, and compliance reviews covering TPR, data risk, MAS outsourcing

Next Step

• Kindly send your resume to: [email protected]
• Email Topic: Apply IT Procurement Specialist (Banking | Up to $6k)
• We regret to inform that only shortlisted candidates will be contacted

Wu Yue Shan
EA License No: 91C2918
Personnel Registration Number: R25138923