Director of IT Procurement​/Procurement Business Partner

Responsibilities

Reports To:

Senior Director, Head of Procurement

Position Summary:

The Procurement Business Partner is a hybrid management and individual contributor role. The selected candidate is responsible for overseeing and optimizing the procurement processes and activities related to the sourcing of goods and services within the IT category. This strategic role is pivotal in driving procurement excellence, controlling costs, and fostering strong supplier relationships to support the organization’s objectives.

Key Responsibilities:

Develop and implement category strategies that align with Finastra’s business goals and procurement policies. Lead cross-functional teams to execute the category strategy, ensuring thorough cost, process, market, and technical analyses. Manage supplier selection, contract negotiation, and procurement operations for the IT category. Collaborate with internal stakeholders to understand their needs and ensure alignment with the procurement strategy. Drive continuous improvement initiatives within the procurement function to enhance efficiency and effectiveness.

Mentor and lead a team of procurement professionals, fostering a culture of high performance and development. Ensure that effective processes and communication channels are in place to maximize the delivery and implementation of any sourcing or procurement activities. Define IT sourcing strategies for technology products, services, solutions and digital platforms aligned to technology and business unit objectives and priorities. Develop, through a collaborative and inclusive approach, a Global IT sourcing and IT procurement strategy that delivers against IT and business strategy priorities and translates IT and business imperatives into effective IT sourcing, procurement and vendor management strategies.

Sponsor and initiate continuous process improvement projects to improve delivery to exceed internal stakeholder expectations and requirements. Promote/communicate the importance of the department to the organization's senior executive team and stakeholders. Present all pertinent vendor and/or industry trends to stakeholders and propose updates and improvements to existing strategies. Present executive-level presentations, business cases and papers in support of the sourcing and procurement strategies, including representing complex data in a simple yet compelling way to support your position.

Manage the communication process with vendors, including what information should be communicated, when and by whom, to ensure that appropriate leverage is preserved. Maintain and present market analysis to IT and business leaders regarding innovative product, solution and service opportunities. Identify cost-optimization opportunities across Finastra/globe and present a concise business case/plan to stakeholders. Advance the organization’s skills that support business agility, speed and risk management through automation or the adoption of new technology and leveraging internal and external data sources.

Manage projects against an approved plan and objectives to ensure that commitments are met by monitoring, assessing and resolving variances in budget, timing or quality of work. Provide proactive, high-value procurement and contract negotiation consultation to the business and direct reports through thorough understanding of the business needs. Develop mechanisms to ensure that the department is embedded with the business, including team participation in technology and business unit strategy days, off-sites and leadership team meetings.

Monitor and support key development, evaluation and retirement of strategic IT vendor relationships, and update sourcing strategies and systems accordingly. Regularly interact with IT and business stakeholders to balance cost, risk and speed to ensure that the business can realize its objectives. For material sourcing events, lead the negotiation strategy and negotiation team for IT contracts. Monitor and support key strategic IT vendor relationships, including contract and conflict resolution.

Oversee maintenance of vendor agreements and, where applicable or in cooperation with legal…