Vice President - IT Procurement/Strategic Sourcing - BFSI

VP-IT Sourcing

Experience required :

- Applicants from Captive Setups will be highly preferred.

- Ability to Build and leverage strong relationships and networks both within and outside the organization. Effectively uses personal influence skills rather than authority to persuade others and gain support.

- Preferably with for large global organizations within the Financial Services, Information Technology, Pharmaceutical, or Telecommunications verticals or management consulting

- Relevant experience in executing MSAs, SOWs and SLAs within the IT spend areas such as Hardware, Software, and Professional Services.

- Demonstrated ability to manage a significant pipeline of deals/transactions simultaneously, while identifying and supporting strategic stakeholder projects/escalation requirements.

- Strong analytical and communications skills: the successful candidate must elicit and analyze multiple proposals, create corresponding business cases (including financial reports), and present clear and concise summaries of recommended options

- Solid track record of identifying and capturing sustainable, hard savings

- Comprehensive understanding of the marketplace for IT infrastructure

- Excellent negotiation skills and the ability to negotiate compromises for overall business benefit in the client's interests.

- Ability to develop and maintain effective working relationships with senior management, clients and vendors.

- Ability to influence persuade, motivate and compel support for key initiatives from senior management and other key stakeholders, by delivering clear, well-structured presentations.

- Experience with competitive bidding (RFI, RFP, RFQ), vendor selection, and vendor risk assessment

- Ability to concurrently manage and prioritize multiple projects concurrently

- Insight into global and regional marketplaces

- Strong MS Office skills; particularly Excel and PowerPoint. Sharepoint and P2P platforms desired

Principal duties include :

- Development of strategic sourcing opportunities through the introduction of a competitive marketplace, demand management, supplier consolidation, and process re engineering

- Management of competitive bid processes including RFP- s, RFI- s, RFQ's

- Partner with Technology Leads and Legal team in the negotiation of various types of IT Vendor agreements; including Master Services Agreements (MSAs), Statements of Work (SOWs), Service Level Agreements (SLAs) etc.

- Own the full strategic sourcing cycle, including vendor identification and selection, price negotiation, and contract - red-lining- (editing).

- Thorough reporting and analyses of sourcing activities at the group and functional levels.

- Partner in the negotiation of associated legal agreements

- Leverage technology for the benefit of internal clients; recommending process improvements where applicable (for efficient cost allocations, accruals, etc.)

- Manage a robust pipeline of transactions in parallel with broader strategic projects

- Market research and benchmarking of suppliers and related service categories

- Recruit, cultivate, and manage high-potential team members

- Think and act globally to lead and collaborate effectively on a cross-functional basis. Align the business unit, local, regional and global organization to maximize achievement of sourcing objectives and continuity of supply to position sourcing as a competitive advantage for the Company