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