About the role

AI summarised

The AVP, IT Sourcing Manager is responsible for leading strategic sourcing and vendor management for IT categories at a global bank. This role involves developing sourcing strategies, negotiating contracts, managing supplier relationships, and ensuring compliance with procurement policies and regulations.

BusinessFull-timeGeneral

Key Responsibilities

Develop and execute strategic sourcing strategies for IT categories including hardware, software, cloud services, and professional services.
Lead end-to-end sourcing events including RFx, negotiations, and contract award processes.
Manage supplier relationships, performance, and risk to ensure optimal value and service delivery.
Collaborate with internal stakeholders to understand business needs and align sourcing strategies accordingly.
Negotiate contracts and service level agreements with vendors to achieve cost savings and mitigate risks.
Monitor market trends and supplier landscape to identify opportunities for innovation and cost reduction.
Ensure compliance with procurement policies, regulatory requirements, and SOX controls.
Drive continuous improvement in sourcing processes and tools.
Prepare and present sourcing recommendations and reports to senior management.

Requirements

Bachelor's degree in Business, Finance, Supply Chain Management, Information Technology, or related field.
Minimum 8-12 years of experience in strategic sourcing, procurement, or vendor management, with a focus on IT categories.
Proven track record of managing complex sourcing projects and negotiating contracts.
Strong understanding of IT products and services, including hardware, software, cloud, and telecom.
Excellent negotiation, communication, and stakeholder management skills.
Ability to analyze data and market intelligence to drive sourcing decisions.
Knowledge of procurement best practices, contract law, and risk management.
Experience with procurement systems and tools (e.g., SAP Ariba, Coupa).
Professional certification such as CPSM, CSCP, or CIPS preferred.
Experience in the banking or financial services industry is a plus.