IT Procurement Officer
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In this pivotal role, you will be responsible for shaping and delivering IT sourcing strategies across a broad technology landscape, supporting critical business initiatives while ensuring robust governance, regulatory compliance and value creation. You will work closely with senior stakeholders across IT, Legal, Risk, Compliance and Information Security to manage end-to-end procurement activities in a highly regulated banking environment.
Key Responsibilities
• Lead end-to-end IT procurement activities across software, hardware, cloud services, IT services, data centres and networking
• Develop and execute IT sourcing strategies and category roadmaps aligned to business objectives and risk appetite
• Negotiate complex commercial and contractual arrangements with technology vendors, ensuring optimal terms and appropriate risk controls
• Drive cost optimisation initiatives, identifying opportunities for savings, consolidation and operational efficiency
• Ensure compliance with internal procurement policies, group standards and regulatory requirements (including FCA, PRA, EBA and DORA)
• Partner with IT, Legal, Risk and Information Security teams on vendor due diligence, onboarding and governance
• Present detailed financial and commercial data clearly and effectively to a wide range of stakeholders
• Contribute to procurement governance forums and support the Chief Procurement Officer with committee materials and reporting
• Perform procurement-related controls, KRIs and conflict-of-interest processes as required
About You
You will be a confident and credible procurement professional with strong technical, commercial and stakeholder management skills, comfortable operating in a complex and regulated environment.
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality
Bachelor degree or above within relevant discipline
Experience
• Proven IT procurement experience within financial services, banking or a similarly regulated environment
• Demonstrated success in negotiating complex technology contracts, including regulatory and risk-driven requirements
• Experience running end-to-end RFX processes for technology teams
• Strong knowledge of end-to-end procurement and source-to-contract processes
• Exceptional analytical capability with the ability to present complex financial information clearly
• Excellent communication skills with the ability to influence at all levels
Technical skills required
• CIPS or equivalent procurement qualification
• Exposure to infrastructure, cloud, software (SaaS and on-premise), cybersecurity and networking categories
• Experience with low-latency trading infrastructure and international network connectivity
• Familiarity with P2P / S2C systems (experience with Ivalua is advantageous but not essential)
Languages
English