Head - IT Procurement

2 days 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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