Contract and Outsourcing Risk Management Specialist (Permanent) - Tampines

• Support vendor onboarding and contract engagement activities, including service classification, risk assessment, and materiality evaluation.
• Maintain and update the central contract register and repository for the entire IT organization.
• Stay informed on company policies, Head Office directives, and local regulatory requirements (e.g., PDPA, MAS Outsourcing Guidelines) regarding vendor engagement and outsourcing services.
• Collaborate with stakeholders, including vendors, Project Managers, and the Legal & Compliance Department, to review contractual terms and ensure both legal and commercial clauses are acceptable.
• Act as the primary contract owner for managing onshore and offshore vendors with multiple sub-contracts.
• Develop and implement procurement processes and guidelines for the IT department, including overseeing RFP and tendering procedures.
• Establish a standardized rate card for IT goods and services to serve as a benchmark for procurement.
• Analyze procurement trends and contract history to identify potential cost-saving opportunities through vendor consolidation.
• Align IT initiatives with the organization’s strategic vision and management objectives to drive effective planning and execution.
• Design, develop, and operationalize new processes to enhance the efficiency and effectiveness of the IT organization.
• Promote centralization initiatives across teams within the Asia Pacific region to optimize resource allocation and improve overall process efficiency.

Job Requirements:

• A Master’s or Bachelor's degree in Information Technology, Business Administration, Law, Finance, Procurement, or a related field. Diploma holders with substantial relevant experience may also be considered.
• At least 5 to 7 years of professional experience, preferably within the banking or financial services sector.
• Professional certifications in Contract Management, Procurement, or Vendor Management are advantageous.
• Demonstrated experience in managing a centralized contract and outsourcing risk management function in a mid-to-large-scale organization.
• Proven expertise in handling legal contracts and outsourcing arrangements for mid-to-large-scale institutions.
• Prior experience in managing contracts for offshore centers is beneficial.
• Experience working with virtual teams across the Asia Pacific region.
• Strong knowledge of contract management processes, contractual terms, and their interpretations.
• Good understanding of PDPA regulations across Asia Pacific countries, as well as regional central bank guidelines on Outsourcing, Technology Risk Management, and Third-Party Risk Management.
• Familiarity with procurement management guidelines applicable in Asia Pacific countries.
• Solid understanding of banking technology functions.
• Strong analytical skills with a problem-solving mindset.
• Highly adaptable to technological advancements with an innovative approach.
• Excellent communication skills, both written and verbal.
• Proven ability to lead teams and foster collaboration.

To apply, please visit www.gmprecruit.com and search for Job Reference:QVV775R6

To learn more about this opportunity, please contact Gia Grace at [email protected]

We regret that only shortlisted candidates will be notified.

GMP Technologies (S) Pte Ltd | EA License: 11C3793 | EA Personnel: Bautista Gia Grace De Guzman | Registration No: R23111973

This is in partnership with the Employment and Employability Institute Pte Ltd (“e2i”).

e2i is a tripartite initiative of the National Trades Union Congress set up to support nation-wide manpower and skills upgrading initiatives.

By applying for this role, you consent to GMP Recruitment Services (S) Pte Ltd’s PDPA and e2i’s PDPA.