Head - IT Procurement

4 weeks ago

Mumbai, India SK Finance Ltd Full time

Location: Mumbai/Jaipur Experience Required: - 15+ Years Role Overview: Head of IT Procurement is responsible for leading the strategic sourcing, vendor management, and contract negotiation processes for all IT-related goods and services. The role ensures cost efficiency, regulatory compliance, timely availability of technology resources, and alignment with organizational goals. Key Responsibilities: 1. Procurement Strategy & Governance Develop and execute the IT procurement strategy aligned with business and technology objectives. Establish procurement governance, policies, and processes in line with internal audit and regulatory requirements (RBI, ISO, etc.). Drive adoption of e-procurement tools and automation for transparency and efficiency. 2. Sourcing & Vendor Management Identify, evaluate, and onboard vendors for hardware, software, SaaS, cloud, AMC, and professional services. Manage vendor lifecycle—empanelment, performance evaluation, renewal, and exit management. Ensure vendor compliance with information security, data privacy, and regulatory norms. Partner with Legal and Compliance teams for vendor due diligence and risk assessment. 3. Contracting & Commercials Lead commercial negotiations to ensure value optimization, cost reduction, and favourable terms. Oversee preparation and review of contracts, MSAs, NDAs, SLAs, and license agreements. Monitor contract renewals, expirations, and license compliances. 4. Financial & Budget Management Plan and manage annual IT procurement budget in coordination with IT Governance and PMO. Track IT spends, cost savings, and TCO (Total Cost of Ownership). Support CAPEX and OPEX reporting and board-level presentations. 5. Stakeholder Management Collaborate with IT, InfoSec, Legal, Finance, and Business Units for procurement needs. Support project teams in timely provisioning of IT assets and services. Communicate effectively with senior management on procurement performance and risks. 6. Process Improvement & Compliance Ensure adherence to internal controls, procurement policies, and audit requirements. Drive process efficiency, standardization, and continuous improvement. Ensure compliance with RBI outsourcing guidelines and data localization norms. Key Skills & Competencies: Strong knowledge of IT procurement (hardware, software, cloud, SaaS, AMC, managed services). Expertise in contract negotiation and vendor management. Familiarity with RBI and NBFC regulatory framework for IT outsourcing. Excellent communication, stakeholder management, and leadership abilities. Experience with procurement automation tools (e.g., Ariba, Oracle, Zoho, etc.).

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