Head - Procurement - Financial Services

Role Purpose
The Head- Procurement will be responsible for end-to-end procurement of IT and Non-IT goods and services across the organization. The role will focus on strategic sourcing, vendor management, cost optimization, contract negotiations, and compliance with internal policies and regulatory standards.
Key Responsibilities
IT Procurement
- Manage procurement of IT hardware, software, licenses, cloud services, AMC/ATS, and technology services.
- Work closely with IT, InfoSec, and Digital teams to understand technical requirements and timelines.
- Handle vendor evaluations, RFPs/RFQs, commercial negotiations, and contract finalization.
- Ensure license compliance, renewals, and cost optimization.
Non-IT Procurement
- Oversee procurement of admin, facilities, marketing, travel, professional services, and other indirect spends.

- Manage office infrastructure-related purchases and services across branches and HO.
- Ensure timely availability of goods and services with optimal cost and quality.
Vendor & Contract Management
- Develop and manage a robust vendor base for IT and Non-IT categories.
- Lead contract negotiations, SLA finalization, renewals, and performance reviews.
- Drive vendor rationalization and long-term partnerships.
Governance & Compliance
- Ensure adherence to internal procurement policies, audit requirements, and regulatory norms.
- Maintain proper documentation, approvals, and audit trails.
- Support internal and external audits related to procurement.
Cost & Process Optimization
- Identify cost-saving opportunities through strategic sourcing and bulk negotiations.
- Improve procurement processes, systems, and turnaround times.
- Track procurement MIS, spend analysis, and vendor performance dashboards.
Key Stakeholders
- IT, Information Security, Finance, Admin, Legal, Business Heads
- External vendors, OEMs, service providers
- Experience in Procurement with strong exposure to IT and Non-IT purchases
Skills & Competencies
- Strong negotiation and commercial acumen
- Understanding of IT procurement, licensing, and services
- Vendor management and contract management expertise
- Process-driven with strong compliance orientation
- Excellent stakeholder management and communication skills