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
- Job profile:
- 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
- Robust 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.
- Good 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

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