Contract Review Support (IT Procurement)

Strategic Sourcing & Category Management is responsible for procurement (e.g., purchasing and supply chain activities) (e.g., negotiation, purchase, and relationships associated with outsourced services). Specializes in overseeing and managing strategies for procurement of information technology (IT) initiatives, formulating goals, objectives, and timelines. Collaborates with management to understand business requirements and develops plans to achieve objectives, such as cost savings, cost avoidance and concluding of contractual negotiations.

Job description:

• Review and negotiate IT contracts with suppliers on IT initiatives.
• Working in close collaboration with the strategic sourcing and procurement colleagues, group legal and IT stakeholders to protect and to optimize the value from the supply market.
• Ensure compliance to policies, process standards and guidelines.
• Provide advice on contracts, explain impact of contract gaps and mitigate contract risks to the stakeholders effectively and collaboratively.
• Ensure the right risk culture through strong communication lines with stakeholders and colleagues.

Requirements

• Minimum 3-5 years of experience in IT procurement, contract management or vendor management, preferably within the banking or financial services industry.
• Strong knowledge of IT contracts, licensing, service agreements and procurement processes.
• Excellent negotiation, communication and stakeholder management skills.
• Understanding of risk management principles and ability to identify and mitigate contract risks.
• Detail-oriented, proactive and able to work collaboratively across multiple teams.