Head - IT Procurement

4 weeks ago

Mumbai, India SK Finance Ltd Full time

Location: Mumbai/JaipurExperience Required:- 15+ YearsRole 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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