Manager, Procurement (IT Contract Management)

If you are looking to excel and make a difference, take a closer look at us…

Overview 

We are seeking an IT Contract Management Manager to join our Procurement team. This role offers excellent career exposure and strong growth potential for a leader capable of driving end-to-end IT strategic sourcing, procurement, and vendor management. The successful candidate will be instrumental in maximizing value for money across bank-wide IT spending while ensuring robust regulatory compliance.

The successful candidate will report to the Section Head, IT Sourcing & Procurement. 

Key Responsibilities and Accountabilities
Functional (job responsibilities)

• Develop collaborative long-term relationships with key stakeholders and vendors to ensure the Bank’s strategic and operational needs are met.

• Drive achievement of cost-management targets for IT Hardware and Software through contract renegotiation, vendor consolidation, and price protection strategies.

• Evaluate the total cost of ownership (TCO) for hardware and software, tracking lifecycles from deployment to decommissioning to prevent unnecessary spending.

• Regularly benchmark pricing against industry standards to secure "Best-in-Class" terms and negotiate contractual flexibility, such as "right-to-reduce" clauses.

• Ensure all IT contracts and outsourcing arrangements strictly comply with Bank Negara Malaysia (BNM) guidelines, including Risk Management in Technology (RMiT).

• Maintain a framework to analyze monthly capacity utilization rates, providing actionable insights to optimize resource productivity.

• Lead and coach team members in devising sourcing strategies, analyzing spend reports, and maintaining a service-oriented culture aligned with governance standards.

• Support Senior Management in implementing business transformation, ESG sustainability, and process improvement initiatives within the procurement workflow.

Jobholder Requirements

• Malaysian citizen. 

Education/Qualification

• Bachelor’s Degree in Finance/Accounting/Banking, Economics, Business Studies/Administration/Management, or a relevant supply-chain qualification.

Experience/Requirements

• At least 5 years of working experience in a managerial capacity handling sourcing/procurement, with a minimum of 3 years specifically in the IT industry.

• Proven experience in executing strategic cost-saving initiatives and carrying out total ownership cost (TCO) analyses.

• Advanced proficiency in MS Excel, Word, PowerPoint, and familiarity with e-procurement systems and spend analytics tools.

• Excellent command of language with the ability to comfortably present to and communicate with senior management.

• Decisive, detail-oriented, and independent, with the ability to multi-task while delivering high-integrity results.

Realise your full potential at Hong Leong Bank by applying now.