Senior Associate, Specialist Technology Procurement, Technology and Operations

Job description

A Senior Associate of Technology Procurement shall be driving strategic sourcing, contract negotiations, and vendor governance for critical IT infrastructure, software, and services. Role Overview Department: Group Procurement / Technology & Operations Key Focus: Driving cost optimization, mitigating third-party risk, and ensuring strict regulatory compliance in a highly secure financial environment. Key Responsibilities and Requirements Strategic Sourcing & Category Management: Lead end-to-end procurement projects for major technology portfolios, including IT Infrastructure – Switches, Routers, Storage, core banking applications, cybersecurity solutions, data centers, and IT professional services. Develop multi-year category strategies aligned with the bank’s digital transformation and operational goals. Commercial Negotiation & Cost Optimization: Drive complex commercial negotiations with major tier-1 technology vendors to achieve Total Cost of Ownership (TCO) reductions. Establish pricing models, volume discounts, and favorable service level agreements (SLAs). Conduct Reverse Auctions to discover pricing Risk & Regulatory Compliance: Ensure all technology vendor engagements adhere to financial regulatory frameworks Partner with Risk, Information Security, and Legal teams to perform vendor due diligence and risk assessments. Vendor Lifecycle & Relationship Management (SRM): Manage strategic vendor performance reviews, contract renewals, dispute resolution, and vendor rationalization. Stakeholder & Team Leadership: Collaborate with internal business partners (CIOs, CTOs, Finance, and Legal) to forecast technology demand and streamline the procure-to-pay (P2P) lifecycle. Education: Bachelor’s degree in Engineering with MBA from reputed institute shall be an added advantage Experience: 8 to 10 years of progressive experience in IT procurement, strategic sourcing, or commercial management, with significant exposure to a regulated banking or financial services environment. Technical Knowledge: Deep understanding of software licensing metrics, cloud consumption models, hardware infrastructure, and IT service agreements. Skills: Advanced contract negotiation, Advance excel skills, executive-level stakeholder management, financial modeling (TCO/ROI analysis), and risk mitigation. Tools & Certifications: Familiarity with e-procurement platforms, COUPA etc Location: Mumbai Job: Sourcing Schedule: Regular Employee Status: Full time