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Avp, IT Procurement Specialist, Technology Group
3 weeks ago
Location: Singapore, SG- Job Function: Data & Technology- Job Type: Permanent- Req ID: 13061**Technology Group**
The Technology Group (TG) is a key enabler to keep our business moving forward and is constantly exploiting state-of-the-art information technologies to enhance GIC’s ability to be the leading global long-term investment firm. We aim to provide users with empowering and transformational capabilities, and to create an inclusive, innovative, and integrated work environment.
We are looking for an Associate/AVP, IT Procurement Specialist, this role will monitor and coordinate all procurement and vendor engagement matters and documentations within Technology Group.
This is the key point of contact for all IT related expenditures to support GIC business and operational needs. The role will provide guidance on procurement processes, advisory on sourcing and negotiation strategies, manage vendor relationships, contract finalization and management, in accordance to GIC policies and guidelines.
**Responsibilities**
**Procurement and vendor management functions**
- Perform end-to-end functions from sourcing, contracting and procurement of technology products and services.
- Manage end-to-end vendor lifecycle which include engagement, negotiation and documentations.
- Identify and develop new vendor resources and keeping track on latest vendor pricing.
- Support stakeholders on all procurement documentation, including terms and agreements on services, tender construction, evaluate approaches/options, recognize service excellence and awarding of vendors.
- Administration of tender documentation, from opening to closing and issuance of addendums.
- Provide support and guidance to stakeholders on commercial negotiation strategies with vendors.
- Conduct vendor compliance and performance reviews to achieve high performance and delivery of service from vendors.
- Propose enhancements to the procurement framework for continuous improvements.
- Negotiate master service agreements with vendors, update all contracts and maintain database and generate monthly management reports.
**Finance and compliance reporting functions**
- Engage and guide internal stakeholders in purchase requisition, goods receipt, and accrual governance, policies and guidelines.
- Assist in operational risk self-assessments controls accuracy and facilitate due diligence on vendor risk management.
- Support stakeholders in audit responses to auditors.
- Guide stakeholders on procurement governance, policies and guidelines and report on non-compliance.
- Guide stakeholders on vendor management framework compliance and report on non-compliance and operational risk incidents.
**Capability and development functions**
- Engage and guide internal stakeholders and support training initiatives to improve their knowledge of procurement policies and vendor management framework.
- Conduct vendor briefings to ensure vendors’ compliance on policies and guidelines.
**Qualifications, Skills & Competencies**
- Bachelor’s Degree in Computer Science, Information Technology, Business, Finance or equivalent.
- At least 4 years of relevant experience in IT procurement and vendor management experience, ideally within financial services, banking or equivalent.
- Strong skills in internal stakeholder engagement and management of external vendor resources, familiar with end-to-end project lifecycle.
- Good understanding of IT services and products is a huge advantage.
- Familiar in category management, procurement and sourcing, contract, and commercial negotiation, financial, and contract management.
- Familiar in change management, risk management and vendor management.
- Ability to articulate, communicate and provide clear walk through on procurement processes.
- Driven to review existing processes and propose potential improvements to increase turnaround.
- A dynamic team player, with high detail orientation, strong interpersonal skills and good ability to prioritize tasks.
**Our PRIME Values**:
**Our PRIME Values**:
GIC is a values driven organization. GIC’s PRIME Values act as our compass, enabling us to fulfil our fundamental purpose and objectives. It is the foundational bedrock which governs our behaviors, our decision making, and our focus. It informs both our long-term strategy as a firm, and the way we relate to our Client, business partners and employees. PRIME stands for Prudence, Respect, Integrity, Merit and Excellence.
