IT Procurement Vendor Manager (SaaS, Cloud, Market Data, Vendor Governance, Contract Negotiation)

IT Procurement Vendor Manager (SaaS, Cloud, Market Data, Vendor Governance, Contract Negotiation)
12-Month Contract

We are seeking a highly organised and commercially driven IT Procurement Vendor Manager to support a global, fast-paced trading and technology environment. This role will be responsible for leading end-to-end sourcing, vendor management, and contract negotiations across a broad range of IT and business services, including SaaS, cloud platforms, and market data providers (eg Bloomberg, Refinitiv).

You will act as a central point of contact for vendor relationships, driving commercial value, ensuring robust governance, and maintaining compliance with internal policies and external regulatory requirements.

Key Responsibilities

IT Procurement & Sourcing

• Lead and support sourcing activities across IT categories including SaaS, cloud, enterprise software, and professional services
• Conduct supplier evaluations, benchmarking, and cost analysis to support commercial decision-making
• Run RFI, RFP, and RFQ processes end-to-end

Contract Negotiation & Commercial Management

• Negotiate complex agreements including MSAs, SaaS contracts, licensing agreements, and Statements of Work (SOWs)
• Partner closely with Legal to finalise contractual and compliance terms
• Drive cost optimisation and value through effective negotiation strategies

Vendor Management & Governance

• Manage strategic vendor relationships including market data providers (Bloomberg, Refinitiv or similar)
• Establish and run governance frameworks, performance reviews, and service oversight
• Ensure adherence to SLAs, KPIs, and contractual obligations

Risk, Compliance & Due Diligence

• Lead vendor due diligence, KYC, and third-party risk assessments
• Collaborate with Compliance, Information Security, and Risk teams
• Ensure all supplier engagements meet regulatory and internal policy requirements

Stakeholder Engagement

• Partner with IT, Finance, Legal, and business stakeholders to gather requirements and align on sourcing strategies
• Communicate commercial updates and provide procurement advisory support
• Build strong relationships across technical and non-technical teams

Key Requirements

• 5-10+ years' experience in IT procurement, vendor management, or commercial management within a global organisation
• Strong experience negotiating SaaS, cloud, enterprise software, and market data contracts
• Proven track record managing vendors such as Bloomberg, Refinitiv, or similar data/analytics providers
• Deep understanding of contract structures (MSA, SOW, licensing models)
• Experience with vendor due diligence, KYC, and third-party risk frameworks
• Strong commercial acumen with the ability to analyse pricing models and total cost of ownership
• Excellent stakeholder management skills, with experience working across IT, Legal, Finance, and senior leadership
• Highly organised, with the ability to manage multiple priorities in a fast-paced environment

Desirable

• Experience in commodities trading, financial services, or global markets
• Familiarity with trading platforms, analytics tools, or market data environments
• Knowledge of information security and data protection considerations in vendor selection