· Contract Lifecycle Management:

• Manage the entire contract lifecycle, from initial requisition to contract closure, including drafting, negotiation, execution, and renewal.
• Develop and maintain contract templates and standard operating procedures.
• Ensure accurate and timely contract documentation and record-keeping.

· Sourcing and Negotiation:

• Conduct market research and analysis to identify potential suppliers and evaluate their capabilities.
• Develop and execute sourcing strategies for IT hardware, software, services, and cloud solutions.
• Lead negotiations with suppliers to secure favorable terms and conditions, including pricing, service levels, and payment terms.
• Create and manage Request for Proposals (RFPs), Request for Quotations (RFQs), and other sourcing documents.

· Supplier Relationship Management:

• Build and maintain strong relationships with key IT suppliers.
• Monitor supplier performance and ensure adherence to contractual obligations.
• Conduct regular supplier reviews and address any performance issues.
• Resolve contract disputes and manage supplier escalations.

· Risk Management and Compliance:

• Identify and mitigate potential risks associated with IT procurement contracts.
• Ensure compliance with internal policies, legal requirements, and industry standards.
• Stay abreast of changes in IT procurement best practices and regulations.
• Manage software licensing compliance.

· Financial Management:

• Manage procurement budgets and track contract spending.
• Analyze cost savings opportunities and implement cost reduction strategies.
• Ensure accurate and timely processing of invoices and payments.

· Collaboration and Communication:

• Collaborate with internal stakeholders, including IT, finance, legal, and business units, to understand their procurement needs.
• Communicate effectively with suppliers and internal stakeholders.
• Provide regular reports and updates on contract status and procurement activities.

Requirements

• Bachelor's degree in business administration, supply chain management, IT, or a related field.
• 5 to 7 years of experience in IT procurement and contract management.
• Strong understanding of IT hardware, software, services, and cloud solutions.
• Proven experience in negotiating complex IT contracts.
• Excellent analytical, problem-solving, and negotiation skills.
• Strong communication and interpersonal skills.
• Knowledge of procurement best practices and industry standards.
• Experience with contract management software and ERP systems.
• Relevant certifications (e.g., CPIM, CPSM, CCMP) are a plus.
• Knowledge of software licensing models.
• Knowledge of cloud service agreements.

Preferred Skills:

• Experience in Banking industry.
• Experience with Agile procurement.
• Ability to work in a fast paced environment.