Role & Responsibilities

Key highlights of the role are listed below (purely indicative and not limiting):

This position would include the mentioned set of responsibilities but not limited to:

- Role Purpose: Establish a centralized vendor outsourcing governance framework, ensuring regulatory compliance, risk control, and board-level visibility

- Strengthening the Procurement Governance & Control Framework.

- Monitor adherence to procurement policies, procedures, and control requirements.

- Assist in identifying control gaps & tracking remediation actions

- Maintain documentation & evidence supporting procurement controls and governance activities.

- Coordinate implementation & ongoing monitoring of the Outsourcing Risk Management Framework.

- Conduct periodic assessments of vendor financial, operational, legal, reputational, and concentration risks.

- Prepare vendor risk evaluations and maintain vendor risk classification records, including material outsourcing arrangements.

- Review and visit to vendors Business Continuity Plans, contingency measures, & operational resilience documentation.

- Support periodic vendor stress-testing and risk assessment exercises.

- Escalate significant observations and emerging risks to the VP Procurement for review & guidance.

- Act as SPOC for all types of audits and keeping records of audit trails.

- Coordinate vendor due diligence activities during onboarding and periodic review cycles.

- Organize vendor performance review meetings and maintain related records.

- Track completion of annual vendor reviews and risk assessments.

- Maintain a centralized repository of vendor due diligence reports, performance reviews, and compliance records.

- Maintain and update the centralized outsourcing and vendor governance MIS.

- Prepare periodic dashboards and reports on vendor risk, outsourcing arrangements, performance reviews,



audit observations, and open action items.

- Maintain audit-ready documentation to support internal and external reviews.

- Coordinate responses to audit observations and track closure of agreed action plans.

- Organize Vendor Risk Committee and Outsourcing Governance Committee meetings.

- Prepare meeting agendas, presentations, action trackers, and Minutes of Meeting (MOM).

- Facilitate timely communication of material vendor and outsourcing risks to Risk Management and relevant stakeholders.

- Liaise with Risk, Compliance, Legal, IT, Internal Audit, and Business teams to support vendor governance activities.

Applicants should possess the following attributes:

- Experience in Procurement, Vendor Risk Management, Governance, Internal Controls, or Risk Management.

- Prior experience in managing procurement in line with GFR and CVC guidelines

- Strong understanding of Vendor Risk Management & Outsourcing Governance practices.

- Knowledge of RBI outsourcing guidelines and regulatory requirements applicable to financial services (preferred).

- Experience in vendor due diligence, risk assessment, and performance monitoring.

- Valuable understanding of enterprise risk management and internal control frameworks.

- Strong analytical, financial assessment, and reporting skills.

- Experience in MIS preparation, governance reporting, and audit coordination.

- Excellent stakeholder management, communication, and documentation skills.

- Proficiency in MS Excel, PowerPoint, and reporting tools.

BOBCARD is a Non-Deposit Accepting Non–Banking Finance Company (NBFC). BOBCARD was established in the year 1994 to cater to the need of rapidly growing credit card industry in a focused manner. BOBCARD is one among the pioneers in Indian card market and was the first non-banking company in India to issue credit cards.

The company’s core business is credit card issuance.

📌 Sr. Manager/Manager - Procurement (Mumbai)
🏢 BOBCARD
📍 Mumbai