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Technology Vendor Management

2 weeks ago

Kuala Lumpur, Malaysia Tentacle Group Full time

**Job Title**:
Head, Technology Vendor Management T&M(T&M (Time and Materials))

**Job Purpose**:
Min 8-10 years’ experience in IT vendor management from Banking/FI industry.

Tech savvy leader. Keep abreast with Emerging technology trends including AI, Cloud, etc).

Develop a high performing tech vendor ecosystem.

Drive vendor innovation by developing strategic roadmaps.

Strong negotiation and stakeholder management skills.

**Key Accountabilities & Outcomes**:

- **Vendor Strategy and Governance**:

- Develop a technology vendor management strategy aligned with organizational goals.
- Establish governance frameworks for vendor selection, onboarding, and performance management.
- Monitor vendor KPIs and SLAs to ensure consistent performance.
- **Contract Management**:

- Lead the negotiation, renewal, and termination of vendor contracts.
- Ensure cost-efficiency, compliance, and mitigation of risks through favorable contract terms.
- Collaborate with legal and procurement teams to address contractual risks.
- **Vendor Performance and Relationship Management**:

- Monitor and evaluate vendor performance through regular reviews and audits.
- Build and maintain strong relationships with key vendors, fostering collaboration and innovation.
- Resolve conflicts and identify opportunities to progress relationships into strategic partnerships.
- **Risk Management**:

- Identify and mitigate risks associated with vendor dependencies.
- Ensure compliance with regulatory, legal, and internal standards.
- Establish contingency plans for critical vendor disruptions.
- **Budget and Cost Optimization**:

- Oversee vendor-related budgets, ensuring financial efficiency and alignment with cost management strategies.
- Identify cost-saving opportunities through strategic vendor consolidation and renegotiations.
- **Collaboration and Stakeholder Engagement**:

- Work closely with internal teams, including technology leadership, procurement, and business units, to align vendor capabilities with organizational needs.
- Communicate vendor performance and insights to senior management.
- **Continuous Improvement**:

- Stay updated on industry trends, vendor innovations, and emerging technologies.
- Continuously evaluate and refine vendor management practices to enhance efficiency.

**Education & Experience**:

- **Education**:
No specific educational requirements mentioned, but likely a background in IT, business, or related fields.
- **Experience**:

- Minimum **8-10 years** in technology vendor management or related fields.
- At least **3 years** in a leadership role, managing vendor contracts and partnerships.

**Certifications**:

- **Professional Certifications**:
No specific certifications listed, but relevant certifications in IT management, procurement, or vendor management could be advantageous.

**Job-Specific Skills & Competencies**:

- **Skills**:

- Strong understanding of IT operations, vendor landscapes, and procurement processes.
- Expertise in **contract negotiation**, **budgeting**, **risk assessment**, and **performance metrics**.
- Proficiency in **vendor management tools** and technologies.
- **Soft Skills**:

- Strong leadership and team management abilities.
- Excellent **negotiation** and **conflict resolution** skills.
- Exceptional **communication** and **stakeholder management** capabilities.

**Job Type**: Permanent

Pay: RM10,000.00 - RM20,000.00 per month

**Benefits**:

- Health insurance
- Maternity leave
- Opportunities for promotion
- Professional development

Schedule:

- Day shift

Supplemental Pay:

- Performance bonus
- Yearly bonus

Application Question(s):

- Should be experience as Vice President

**Experience**:

- IT vendor management from Banking/FI industry: 8 years (preferred)