Information Technology Procurement Manager

Central London | Hybrid (3 days on-site)

Permanent

A leading Financial Services organisation in London, who operate at the top of their industry, are seeking an experienced IT Procurement Manager / Category Manager to join their London-based Procurement team.

This role sits at the centre of the organisation’s technology function, with responsibility for leading IT procurement activity, managing key supplier relationships, and negotiating complex contracts. You will ensure strong governance and regulatory compliance while supporting the bank’s wider technology strategy.

Working closely with IT leadership, the CIO Office, Legal, Risk, and Information Security, you will play a key role in delivering cost-effective and well-controlled procurement outcomes across the global IT estate.

Key Responsibilities

Develop and implement sourcing strategies across IT categories, aligned with business objectives and risk appetite

Lead end-to-end procurement activity across key IT spend areas, including:

Software and licensing

Hardware and infrastructure

IT services and outsourcing

Data centres and networking

Negotiate contracts with technology vendors, securing optimal commercial terms and appropriate risk controls

Build and maintain strong relationships with internal stakeholders, including IT, Legal, Risk, and Information Security

Support vendor due diligence, onboarding, and ongoing supplier management

Identify and deliver cost-saving initiatives, driving efficiencies and consolidation opportunities

Ensure all sourcing activity is conducted competitively, transparently, and in line with internal policies

Maintain compliance with relevant regulatory frameworks, including FCA, PRA, DORA, and EBA

Analyse and present complex financial and procurement data to stakeholders at varying levels of seniority

Contribute to governance forums and procurement committees, preparing supporting documentation as required

Skills and experience

Proven experience in IT procurement within banking, or wider financial services.

Strong knowledge of IT sourcing categories (software, cloud, infrastructure, outsourcing)

Experience in supplier negotiation and contract management

Understanding of financial services regulatory frameworks (e.g. FCA, PRA, DORA, EBA)

Strong stakeholder management and influencing skills

Excellent analytical capability, with the ability to interpret complex financial and contractual data

Track record of delivering cost optimisation and savings targets

Familiarity with procurement governance, risk management, and compliance processes

Company benefits

Generous annual leave entitlement

Life assurance cover of up to 12x base salary (capped)

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