Director - IT Procurement Lead

We are seeking an experienced IT procurement lead (Manager) – IT to join our banking client. This is a critical leadership role responsible for driving strategic sourcing initiatives, managing complex vendor relationships, and overseeing end-to-end procurement processes for large-scale IT engagements. You will play a key role in optimizing supplier performance,mitigating risks, and delivering cost-efficient, high-value outcomes alignedwith the organisation’s strategic objectives. Key Responsibilities • Lead strategic sourcing initiatives for IT categories across the banking domain • Manage the full procurement lifecycle, including market analysis, RFx development (RFI/RFP/RFQ), evaluation, negotiation, and contract award • Oversee large and complex IT contracts, ensuring compliance, performance, and value delivery • Develop and maintain strong vendor relationship management frameworks, including governance, performance metrics, and continuous improvement initiatives • Conduct commercial negotiations to achieve favourable terms, cost savings, and risk mitigation • Identify, assess, and manage supplier and contractual risks, ensuring alignment with regulatory and organisational requirements • Collaborate with internal stakeholders (IT, Risk, Legal, Finance) to align sourcing strategies with business needs • Drive supplier innovation, cost optimisation, and service excellence • Monitor market trends and emerging technologies to inform sourcing strategies Required Skills & Experience • Min 15 years of experience in strategic sourcing and procurement within IT, preferably in the banking or financial services industry • Strong track record in vendor management and managing strategic supplier relationships • Extensive experience handling large, high-value contracts and complex negotiations • Demonstrated ability to run end-to-end tender processes (RFP/RFQ lifecycle) • Solid understanding of risk management principles, including contractual, operational, and third-party risk • Strong commercial acumen with excellent negotiation and stakeholder management skills • Familiarity with regulatory environments in banking/financial services is highly desirable • Exceptional communication, analytical, and problem-solving abilities Interested candidates please email your latest resume to subagio@tangspac.com