AVP - Sourcing & Vendor Management - Software Products - Bank

AVP - SVM

Department Overview

The Sourcing & Vendor Management (SVM) department is responsible for the bank's global sourcing and procurement activities. SVM optimally sources external goods and services for by applying best practices while mitigating key commercial, contractual reputational risks to the Bank.

As a valued partner, we strive to work collaboratively with internal business partners and key vendors to deliver increasingly high-quality and efficient sourcing services through: commercial-valued and risk-mitigated sourcing, analytical insights and market expertise, driving vendor innovation, supporting select third-party agreements during the fulfillment phase.

Role Summary

This role is responsible for leading Software Sourcing for the bank i.e. managing all applicable commercial and contractual aspects within the Software (Application Software & Infrastructure Software) category globally. The role includes driving supply-side initiatives / projects related to Software and developing / maintaining successful relationships with suppliers, peers, and internal business partners on a global basis.

To be successful, one must be able to:

- Gain support and acceptance by demonstrating sourcing value to respective initiatives at senior levels within SVM ; C-level independent interaction required

- Advise internal business partners on Software end-to-end sourcing process, policies, templates, RACI, deal risks, and possible risk mitigation steps as part of procurement process or contracting.

- Build effective and cooperative alliances externally with key vendors and manage directly those vendor relationships from a commercial perspective; ensure agreement and adoption of Software sub-category strategies, on-going review of activities undertaken and maintenance of strong client service

- Ensure full Source-to-Contract compliance with all applicable Software processes, policies, etc. Support sub-category leads with RFx template population, response evaluation, and draft contract template population on complex files.

- Collaborate with other SVM/ SS&E regions and teams to ensure integrated delivery of sourcing & procurement initiatives.

- Define and implement plans in line with category strategy, decision trees, play book. Guide procurement & contracting requirements, with due consideration for local market trends + opportunities. Based on play book, ensure all software specific contract terms included + addressed. Leverage appropriate procurement/ sourcing tools.

- Execute Software spend management category strategy through appropriate procurement decisions. Consolidate supplier base and pursue, where relevant, alternative sources ensuring uninterrupted supply of services, delivered in a cost effective and quality manner.

- Conduct periodic market research for assigned category, incl. monitoring of market trends and supply/demand factors, legal dictates to help in the decision making process to meet the strategic goals of the organization. Answer contract commercial / rate card / legal / business term inquiries on existing contracts.

- Establish regular communications with the key internal business partners, to ensure agreement and adoption of category strategies, on-going review of activities undertaken and maintenance of strong client service. Lead proactive Contract Renewal/ Expiry reviews, and re-source or amend per internal strategy.

- Accurate and continuous collection and reporting of projects managed, contracts concluded and their associated expenditure and financial impacts.

Required Skill Set:

Candidate should have done end to end procurement for Software Products only

Shift:

UK Shift

Location: Pune