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 skilled 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

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Senior Associate, Specialist Technology Procurement (Mumbai)
🏢 DBS Bank
📍 Mumbai