bank company client

One of Australia’s Leading Banks
Corporate Services, Financial & Risk Management

Executive Manager (Negotiator)

One of Australia’s leading providers of integrated financial services and one of the largest listed companies on the Australian Stock Exchange (ASX). In terms of scale, it has a strong domestic presence with the largest customer base of any Australian bank and operates the largest financial services distribution network in the country with the most points of access.

Focus

Member of the bank’s corporate services negotiation team driving negotiations of commercial and contract terms, RFPs (request for proposal), tender applications and MSAs (master services agreements) for professional and IT services for the bank.

Acted as a primary negotiator and facilitator between vendors, various bank business units, legal, risk and compliance departments, negotiating contracts and commercial terms that followed the strategic direction of the bank. This ensured the best possible outcomes in terms of price and product/service offering.

Results

  • Key involvement in successful negotiation of a $12M software and professional services deal resulting in a reduction from the original RFP pricing of 39% for software and 56% for ongoing maintenance.
  • Key involvement in successful negotiation of a primary Master Services Agreement for IT software support and development for a critical initial phase of a core project valued at $3M.