Role Overview:

We are seeking a seasoned professional to lead our Sourcing and Governance function in Gurugram. In this high-impact role, you will be responsible for defining and executing the end-to-end IT procurement and vendor management strategy. You will act as the primary bridge between internal business units and our global vendor ecosystem, ensuring that all engagements are aligned with organizational objectives, risk appetite, and cost-efficiency targets. By overseeing the entire lifecycle of vendor relationships - from strategic sourcing and contract negotiation to performance governance and compliance monitoring - you will directly influence the company's operational resilience and bottom-line performance. You will collaborate closely with senior leadership, legal, finance, and IT stakeholders to drive value, mitigate third-party risks, and foster long-term strategic partnerships. Looking for candidates who have experience working in financial domain (Banks/Fintech/NBFC/Insurance).

Key Purpose:

- Lead sourcing activities related to Professional Services, Audit engagements, Banking Tools, Consulting Assignments, and Technical Manpower requirements.

- Ensure timely execution of procurement activities through robust sourcing strategies, RFP management, negotiation, and vendor selection.

- Drive end-to-end procurement governance and compliance in alignment with organizational policies, procedures, and regulatory expectations.

- Strengthen procurement controls through vendor due diligence, contract governance, audit readiness, risk assessments, spend analytics, and stakeholder awareness.

- Support business teams with efficient procurement solutions while maintaining transparency, compliance, and cost effectiveness.

Key Responsibilities:

I - Strategic Sourcing & Procurement Operations:

- Understand business requirements and formulate sourcing strategies to meet procurement objectives.

- Manage end-to-end sourcing lifecycle including:

1. Requirement gathering

2. Vendor identification

3. RFP/RFQ preparation

4. Bid evaluation

5. Commercial negotiations

6. Vendor finalization

7. Purchase Order issuance

8. Contract execution

9. Ensuring timely payment issuance to partner

- Drive procurement of professional services, consulting assignments, audit services, banking tools, and technical manpower.

- Complete procurement activities within defined timelines while ensuring optimum cost, quality, and service standards.

II - Procurement Governance & Compliance:

- Act as the governance lead for procurement activities across the organization.

- Ensure compliance with Procurement Policies, SCM Procedures, Delegation of Authority (DOA), Contracting Guidelines, and Regulatory Requirements.

- Monitor procurement transactions and identify process deviations or control gaps.

- Ensure procurement activities comply with organizational standards and audit requirements.

- Drive procurement governance initiatives and periodic compliance reviews.

- Establish robust controls to ensure transparency, accountability, and risk mitigation.

III - Contract Management & Repository Governance:

- Review vendor agreements and ensure adherence to contracting guidelines.

- Maintain centralized contract repository and agreement tracker.

- Monitor contract validity, renewal dates, amendments, and obligations.

- Highlight contracts nearing expiry and initiate renewal actions proactively.

- Identify engagements operating without valid contracts and escalate to stakeholders.

- Analyze contractual risks and recommend mitigation measures.

- Ensure execution of agreements before commencement of services wherever applicable.