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IT Procurement Specialist (1 year contract & extendable)

Singapore Temporary Work from Home or Hybrid View Job Description
The IT Procurement Specialist manages end-to-end technology procurement for the bank, including vendor sourcing, RFP/RFQ processes, contract negotiation, and full P2P lifecycle management to support business and IT needs. The role also oversees vendor onboarding, third-party risk management, and contract governance while ensuring compliance with banking regulations and collaborating with internal stakeholders and external technology suppliers.
  • Opportunity to work in a Global Financial Institution
  • Drive end-to-end IT procurement processes to support operational excellence

About Our Client

Our client is a globally established financial institution with a major technology hub in Asia. They play a critical role in supporting international banking operations through the development of in-house applications and enterprise-level digital initiatives. With strong regional integration and a forward-looking tech strategy, they continue to enhance operational efficiency and drive innovation across global markets.

Job Description

Key Responsibilities:

  • Source and evaluate technology vendors through RFP/RFQ processes to meet business and IT requirements
  • Negotiate contracts, pricing, and SLAs to secure optimal commercial and service outcomes
  • Partner with internal stakeholders to define procurement needs and align with organisational goals
  • Manage the end-to-end procurement lifecycle from requisition, delivery, payment matching to vendor performance review
  • Maintain procurement documentation and conduct market research to identify technology and cost-saving opportunities
  • Build and manage relationships with key suppliers, monitoring performance against contractual obligations and SLAs
  • Oversee contract governance, vendor onboarding, and third-party risk management in compliance with regulatory and internal policies

The Successful Applicant

A successful candidate should have:

  • Bachelor's degree in Business, Commerce, IT, or a related discipline
  • At least 4-6 years of procurement experience, ideally within banking or regulated industries
  • Knowledge of banking regulations and compliance requirements (e.g., MAS, DORA)
  • Experience in P2P processes, contract management, and vendor relationship management
  • Understanding of IT procurement including infrastructure, data centres, software licensing, and technology services
  • Strong analytical, negotiation, and stakeholder communication skills
  • Familiarity with procurement tools (e.g., SAP, ServiceNow, DocuSign), risk management processes, and project management practices

What's on Offer

Why take on this role?

  • Professional development and learning opportunities
  • Collaborative and cross-functional work environment
  • Opportunity to work within a leading global financial institution
  • Exposure to strategic IT procurement and vendor management
  • Ability to influence technology sourcing and banking operations decisions



Contact
Cheryl Sim (Lic No: R24123823 / EA no: 18C9065)
Quote job ref
JN-032026-6966939
Phone number
+6566439748

Job summary

Function
IT
Specialisation
IT Support
What is your area of specialisation?
Financial Services
Location
Singapore
Contract Type
Temporary
Consultant name
Cheryl Sim (Lic No: R24123823 / EA no: 18C9065)
Consultant contact
+6566439748
Job Reference
JN-032026-6966939
Work from Home
Work from Home or Hybrid

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.