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OCBC Bank

AVP, IT Sourcing Manager

Reposted 19 Days Ago
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In-Office
Singapore, SGP
Senior level
In-Office
Singapore, SGP
Senior level
As an IT Sourcing Manager, you'll lead sourcing activities, negotiate contracts, manage vendor relationships, and ensure compliance while driving cost savings and strategic sourcing initiatives.
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WHO WE ARE:

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

 Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.

 We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Why Join
As a key member of our IT Sourcing team, you will play a critical role in shaping the future of OCBC's technology landscape. You will have the opportunity to work with various stakeholders to identify, evaluate, and procure the best technology solutions to meet the bank's business needs. This is a challenging and rewarding role that requires strong technical knowledge, business acumen, and negotiation skills.
How you succeed
To succeed in this role, you will need to develop a deep understanding of the bank's business requirements and technology landscape. You will need to build strong relationships with stakeholders, including business leaders, IT teams, and vendors. You will also need to stay up-to-date with the latest technology trends and market developments to ensure that the bank is always ahead of the curve.
What you do

  • Lead and execute sourcing activities for assigned categories, including RFPs, vendor evaluations, negotiations, and contract reviews in collaboration with internal stakeholders and Legal.

  • Drive strategic sourcing initiatives to deliver cost savings, service improvements, and risk mitigation.

  • Ensure full compliance with Group Procurement Policy, Standards, and Procedures, maintaining strong governance and controls.

  • Partner with internal stakeholders to manage vendor relationships and ensure contracts are effectively leveraged across the Group.

  • Lead contract negotiations and support contract lifecycle management to maximize value and minimize risk.

  • Track and report sourcing outcomes, including cost savings and performance metrics, to senior management.

  • Collaborate with the team to identify and implement process improvements that enhance sourcing efficiency and effectiveness.

  • Proactively engage stakeholders early to align sourcing strategies with business needs and manage supply chain risks.

  • Support ad-hoc procurement initiatives and cross-functional projects as required.

Who you are

  • Degree holder with more than 8 years of relevant experience in Sourcing, Vendor Management, or related fields.

  • Direct experience in IT Software, IT Hardware and Market Data is highly advantageous.

  • Professional certifications (e.g., CIPS, CPSM) are a plus.

  • Proficient in e-Procurement systems.

  • Strong communication and interpersonal skills, with the ability to influence stakeholders and resolve conflicts effectively.

  • Confident in presenting to senior management and cross-functional teams.

  • Strategic thinker with a process-oriented mindset and strong analytical skills.

  • Skilled negotiator with a track record of delivering value through vendor engagements.

  • Able to manage multiple priorities independently in a fast-paced, dynamic environment.

  • Proficient in Microsoft Office Suite (Excel, Word, PowerPoint); experience with procurement tools is a plus.

What we offer:


Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

HQ

OCBC Bank Singapore, Singapore, SGP Office

65 Chulia St, Singapore, Singapore, 049513

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