Senior Manager, IT Procurement

Prudentials purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured for our people customers and partners. We provide a platform for our people to do their best work and make an impact to the business and we support our peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.

Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps individuals to de-risk their lives and deal with their biggest financial concerns through life and health insurance and retirement and asset management solutions. Prudential plc has 20 million customers and is listed on stock exchanges in London Hong Kong and Singapore.

Prudential was founded in London in 1848 on the principles of integrity security and prudence and we still adhere to those principles today.

Prudential Plc issues a significant number of financial products all of which involve an underlying exposure to investments both from the perspective of generating returns in line with policyholder expectations and matching any guarantees.

Prudentials Procurement Function plays a strategic enterprise-wide role in delivering value driving operational efficiency and safeguarding the organizations risk posture. The function ensures that business and corporate groups receive the right goods and services at the right time and the right price while maintaining disciplined spend management and reducing operating costs. It operates through an ethical structured sourcing framework supported by skilled procurement professionals and cross-functional teams emphasizing responsible vendor selection strong supplier relationships and adherence to Prudentials Supplier Code of Conduct. The team integrates financial viability environmental responsibility and risk management into all sourcing decisions reflecting Prudentials values and commitment to recent years Prudential has also accelerated a data-driven procurement transformationbuilding a robust spend visibility foundation modernizing sourcing processes and leveraging advanced technologies such as AI to elevate procurement from a tactical function to a strategic driver of enterprise-wide impact.

Principal Accountabilities:

Strategic Sourcing & Category Management

In this role you will lead the development and execution of multiyear procurement strategies across key IT categoriessuch as cloud software infrastructure cybersecurity digital platforms and IT services.

• Define category roadmaps aligned to Prudentials technology strategy and enterprise goals.

• Lead complex highvalue sourcing events including RFPs competitive negotiations renewals and vendor selections.

• Develop pricing models and negotiation frameworks to optimize total cost of ownership.

• Continuously identify opportunities for cost optimization operational efficiency and value creation while ensuring measurable commercial impact.

Stakeholder & Business Partnering

You will act as a trusted advisor to senior leaders across Technology Digital and Business units.

• Understand business priorities and translate them into sourcing strategies that balance cost innovation speed and risk.

• Provide market intelligence competitive benchmarks and negotiation levers to help stakeholders make informed decisions.

• Guide stakeholders through the complete procurement lifecyclefrom requirements and evaluation to contracting and vendor onboarding.

• Build credibility and influence across a matrixed global environment.

• Identify and advise internal stakeholders of contractual risks and recommend strategies to mitigate risks

Contract management activities

• Liaise with internal stakeholders and contract owners to establish commercially effective and compliant agreements

• General maintenance of existing contracts including the management of addendums contract reviews renewals and terminations

• Provide guidance and support with respect to third party risk management and third party due diligence activities

• Partner with business stakeholders in third party/vendor performance management activities

• To continually utilize best procurement practices and identify continuous improvement opportunities in the capability of the Group Procurement function

• To seek consolidation of the vendor base through identification of vendor rationalization opportunities and establishment of preferred vendors and strategic partnerships where applicable across the business

• Support compliance to the Procurement Policy and implement initiatives that drive awareness and compliance to the Procurement Policy across the business

ThirdParty Risk Management (TPRM) Integration

• Embed risk assessment throughout the contract lifecycle (onboarding renewal termination).

• Work closely with SMEs to assess vendor risks related to cyber threats data breaches business continuity financial health and operational resilience.

• Collaborate with Risk Compliance InfoSec and Operational Resilience teams to define required controls and monitoring.

Financial & Commercial Management

• Monitor contract spend forecast future costs and identify savings or optimization opportunities.

• Benchmark pricing for cloud software services and outsourcing categories to ensure competitiveness.

• Manage renewals proactively (e.g. 612 months in advance) to avoid autorenewals or unfavourable terms.

Operational Excellence

• Promote procurement best practices governance discipline and continuous improvement initiatives.

• Enable broader digital transformation by driving adoption of sourcing automation tools datadriven analytics and supplier performance dashboards.

• Create and maintain category KPIs spend analytics and reporting frameworks to enable strategic decisionmaking.

Core Competences Required:

Strategic & Commercial Acumen

• Ability to develop multiyear category strategies aligned to technology and business roadmaps.

• Strong commercial judgment and advanced negotiation capability for complex software HW cloud and Professional Services contracts.

• Understanding of technology trends IT cost structures commercial levers and vendor pricing models.

Enterprise Mindset & Business Partnership

• Influences senior IT Digital and Business leaders with wellreasoned sourcing strategies.

• Converts business needs into procurement solutions balancing cost innovation speed and risk.

• Demonstrates crossenterprise thinking ensuring procurement value extends beyond savings into resilience performance and capability building.

Contract & Vendor Governance Expertise

• Deep understanding of contract structures (SLAs KPIs cybersecurity clauses regulatory compliance pricing constructs).

• Skilled in overseeing complex vendor relationships to ensure performance service continuity and contractual compliance.

• Strong ability to drive accountability through structured reviews governance cadence and performance scorecards.

Risk Compliance & Regulatory Awareness

• Solid grasp of thirdparty risk management (TPRM) especially for critical IT suppliers in a regulated insurance environment.

• Familiarity with data privacy operational resilience cybersecurity controls and outsourcing regulations.

• Ability to integrate risk controls and compliance requirements directly into contracting and supplier oversight.

Education and Experience:

• 14 years in IT Procurement

• Bachelors/Masters

• Having worked on similar environments in other Industries/Institutions

Required:

• Proven category ownership across one or more of:

• IT & Digital (software SaaS cloud systems integrators)

• Professional Services (consulting actuarial legal)

• Experience building multiyear category strategies aligned to business growth and transformation

• Demonstrated ability to move procurement from transactional to valueled

  Commercial & Contracting Expertise

• Deep experience in:

  • Complex commercial negotiations

  • T&Cs MSAs SLAs SOWs

  • Risk liability data privacy and IP clauses

• Demonstrated success delivering:

• Cost savings

• Value protection

• Commercial innovation (outcomebased pricing gainshare etc.)

• Experience working closely with Legal Risk Compliance

Vendor & ThirdParty Risk Management

• Experience managing strategic suppliers and critical vendors

• Familiarity with:

  • Thirdparty risk frameworks

  • Outsourcing governance

  • ESG sustainability and responsible sourcing

• Experience with vendor performance management QBRs and remediation planning

• Governance Policy & Compliance

• Experience designing and enforcing:

  • Procurement policies

  • Delegation of authority

  • Auditready sourcing processes

• Comfortable working in highcontrol environments

• Experience supporting internal audit and regulatory reviews

Preferred:

Financial Services / Insurance Industry Experience

• Prior experience in insurance banking asset management or regulated financial services

• Strong understanding of:

  • Regulatory procurement constraints

  • Outsourcing risk

  • Thirdparty risk management

• Experience working with actuarial underwriting claims risk finance and technology teams

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex race age ethnic origin educational social and cultural background marital status pregnancy and maternity religion or belief disability or part-time / fixed-term work or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.