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The Role
Leads strategic sourcing, contract negotiations, cost optimization, and vendor governance for technology infrastructure, software, cybersecurity, data centers, and IT services. Develops category strategies, negotiates pricing and SLAs, conducts reverse auctions, manages vendor risk and regulatory compliance, and oversees vendor performance, renewals, disputes, and rationalization. Partners with technology, finance, risk, information security, and legal stakeholders to improve procurement and procure-to-pay processes.
Summary Generated by Built In
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 professional 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:
MumbaiJob:
SourcingSchedule:
RegularEmployee Status:
Full timeSkills Required
- Bachelor's degree in Engineering
- MBA from a reputed institute
- 8 to 10 years of progressive experience in IT procurement, strategic sourcing, or commercial management
- Significant experience in a regulated banking or financial services environment
- Deep understanding of software licensing metrics, cloud consumption models, hardware infrastructure, and IT service agreements
- Advanced contract negotiation skills
- Advanced Excel skills
- Executive-level stakeholder management experience
- Financial modeling, including TCO and ROI analysis
- Risk mitigation experience
- Familiarity with e-procurement platforms such as Coupa
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The Company
What We Do
DBS Bank is a leading financial services group in Asia, headquartered in Singapore. It provides a full range of consumer, SME, and corporate banking services. The bank is recognized for its digital innovation, having been named 'World's Best Digital Bank' and 'World's Best Bank' by various publications. It also operates the DBS Foundation, which supports social enterprises and community initiatives, reflecting its commitment to creating impact beyond traditional banking.
