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AVP/VP, Market Data and IT Sourcing Manager

External
ocbc logoOcbc · Ocbc, Singapore
ContractOn-siteToday
DocumentationLeadershipNegotiationStakeholder ManagementVendor Management
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About the role

As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

Requirements

  • A seasoned procurement and sourcing professional with 5 to12 years of experience in strategic sourcing, vendor management, or procurement, preferably within financial services
  • Experienced in Market Data and/or IT software sourcing, with a solid understanding of licensing models (e.g. subscriptions, enterprise, SaaS) and vendor ecosystems
  • Proven track record in leading complex commercial negotiations and delivering measurable outcomes in cost optimisation, value realisation, and risk mitigation
  • Strong understanding of procurement governance, TPRM (including KYV), and contract management, with the ability to operate in a regulated environment and meet audit requirements
  • Effective in stakeholder management, with experience partnering senior stakeholders across Technology, Business, Risk, Finance, and Legal
  • Analytical and structured, able to translate spend, usage, and benchmarking data into actionable sourcing strategies and negotiation positions
  • Disciplined and detail-oriented, with a strong focus on governance, documentation, and defensible decision-making
  • Excellent communication, negotiation, and problem-solving skills, with the ability to influence outcomes and drive alignment across stakeholders

Benefits

OCBC's Central Procurement Office (CPO) offers a unique opportunity to operate at the intersection of strategic sourcing, regulatory governance, and enterprise transformation within one of Asia's leading financial institutions.How you succeedWhat you doThis role sits within OCBC's Central Procurement Office (CPO) under Group Corporate Services, with dual responsibilities across Market Data (Category Leadership) and IT Software (Strategic Sourcing).Lead the Market Data category at Group level, establishing governance frameworks, controls, and operating models to enable enterprise-wide visibility over contracts, entitlements, and usageIn parallel, the role operates within the IT Software strategic sourcing function, leading end-to-end sourcing initiatives and commercial negotiations in close partnership with Technology and business stakeholders to deliver cost-effective and compliant outcomes.Drive demand consolidation and spend optimisation by managing subscriptions, licensing structures, and usage across business unitsDevelop and execute category strategies and supplier engagement plans, including leading complex negotiations with key Market Data vendors and exchanges- Develop and implement IT sourcing strategies to meet the bank's business needsIdentify, evaluate, and procure technology solutions from vendorsNegotiate contracts and agreements with vendors to ensure best value for the bankCollaborate with stakeholders to develop business cases and justify investmentsManage vendor relationships and ensure that vendors are meeting their contractual obligationsCompetitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.Flexible schedule

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AVP/VP, Market Data and IT Sourcing Manager at Ocbc