Management Consultant IT📣 Job Ad

About the Opportunity

Coefficient Alliances & Ventures (Coefftalent) is seeking a Management Consultant - IT to support a Riyadh-based consulting firm. This contract role, based in Riyadh, Saudi Arabia, focuses on a large-scale cost optimization engagement. The consultant will work within a dedicated team to drive significant cost-saving initiatives, specifically targeting IT spend across both Capital Expenditure (CapEx) and Operational Expenditure (OpEx) within banking IT environments.

Key Responsibilities

• Analyze IT contracts, including software licensing, hardware, telecom, cloud, outsourcing/managed services, maintenance, and support agreements, to identify cost-saving and renegotiation opportunities.
• Review the client’s existing IT architecture and application landscape to understand deployment, usage intensity, and platform dependencies for banking products.
• Deconstruct IT cost structures into relevant drivers and variables, distinguishing between fixed and variable costs, and pinpointing root causes of cost inefficiencies.
• Collect and analyze usage and consumption data (*, licenses, infrastructure capacity, cloud consumption, support tickets) to detect overuse, underuse, and potential for optimization.
• Engage directly with IT vendors and internal IT stakeholders to gather information, validate assumptions, and support negotiation strategies.
• Develop clear, structured, and data-driven business cases and savings trackers to quantify identified opportunities.
• Summarize findings and recommendations into concise, senior-stakeholder-ready presentations, ensuring a clear storyline, accurate charts and tables, and explicit conclusions for effective delivery to client leadership and C-level executives.
• Support the implementation and Project Management Office (PMO) follow-up of validated initiatives, tracking savings realization against targets and flagging risks or delays.

Candidate Profile

• 2-5 years of experience in management consulting or a related field.
• Previous experience at a top-tier consulting firm, preferably MBB (McKinsey, Boston Consulting Group, Bain & Company) or Big Four (Deloitte, PwC, EY, KPMG).

Required Skills and Expertise

• Deep knowledge of and proficiency with the main IT vendors and products used in the banking industry, including core banking systems, infrastructure, cloud providers, telecom, security, and enterprise software.
• Demonstrated ability to independently develop high-quality presentations, encompassing storyline development, data-driven charts and tables, and clear, actionable conclusions.
• Proven experience in assessing IT contracts and identifying cost-saving opportunities through renegotiation, rightsizing, or consolidation.
• Strong technical and commercial understanding of banking IT environments to effectively identify, quantify, and support the implementation of savings opportunities.

Engagement Details

This is a contract position for a duration of two months. Candidates must be immediately available or able to commence work within one week of offer acceptance.

Location and Application

The position is based in Riyadh, Saudi Arabia. Qualified candidates are invited to submit their applications. Salary for this position will be discussed during the interview process.