Avp, Contracts

1 week ago

Singapore Sumitomo Mitsui Banking Corporation (SMBC) Full time

**Responsibilities**:
Contract Management
- Subject Matter Expert for contract related matters; act as the first point of contact for customer and business partners with respect to outsourcing vendors and project related sourcing.
- Assist project teams in drafting and review of contracts and ensure consistency and accuracy of the legal and commercial terms of contracts in the Singapore office.
- Collaborate with business units and project teams to assist with day-to day service delivery and facilitate successful contract executions.
- Involve in contract negotiations and provide professional insights and/or pragmatic solutions during contract negotiations.
- Provide contract administration support for contract management process, maintain the central contract registry and repository
- Manage and be accountable for contract inventory while partnering with business units to ensure that all contracts are maintained and up to date.
- Engage project teams, business units, management and head office to ensure that contract terms and conditions adhere to regulatory requirement and corporate policies.
- Escalate contractual, commercial and compliance potential risk to Management in timely manner
- Provide regular tracking and reporting contracts review.
- Conduct continued process review and identify opportunities for process improvements.

Vendor Management
- Implement and execute vendor contract management processes including onboarding and offboarding processes, monitoring and governance of vendors.
- Support vendors and attend to queries on vendors management processes in accordance with company policies and guidelines.
- Perform vendor screening and outsourcing management governance including due diligence checks in accordance with company policies and local regulatory requirements
- Review, recommend and improve existing vendor and outsourcing management procedures and processes for vendor on-boarding and performance
- Keep abreast with relevant legislations

**Job Requirements**
- Bachelor’s degree in Finance, Banking, Law or Information Technology with min. 5 years of relevant working experience in managing projects and vendor management contracts
- Experienced with IT Projects or IT service agreements, and strong understanding of IT trends and implications on business
- Experienced in vendor and outsourcing or 3rd party risk management in banking industry
- Experienced in contract management processes and good understanding of contractual and commercial terms
- Familiar with industry practices and to ensure that the agreement fulfils the commercial and statutory requirements
- In-depth knowledge of MAS Notices and Guidelines, including but not limited to Guidelines on Outsourcing Risk Management
- Proficient in using Microsoft Office (MS Word, Excel & PowerPoint)
- Team player with a positive, will do attitude with a flexible yet disciplined approach
- Excellent interpersonal skills to engage a variety of external and internal stakeholders
- Strong negotiation and analytical skills
- Excellent contract writing and documentation skills
- Ability to multi-task, work under pressure and tight deadlines
- Highly flexible and adaptive to be manage varying exigencies at work
- Able to work independently or in a team to identify solutions and/or resolve issues

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