Manager/Deputy Manager - Procurement

Role & Responsibilities

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

• Ensure end-to-end procurement governance and compliance with Procurement Policy, RBI guidelines, GFR, CVC guidelines, internal approval matrix (DAP/DOA), and committee governance requirements.
• Maintain complete and audit-ready records of all procurement activities to ensure transparency, traceability, and regulatory compliance. (act as SPOC for all Audit queries)
• Drive strategic sourcing initiatives through competitive bidding, market intelligence, supplier evaluation, and commercial negotiations to deliver cost optimizationand value creation.
• Manage contract compliance and oversee Bank Guarantee (BG) and Earnest Money Deposit (EMD) administration, ensuring timely issuance, monitoring, renewals, and refunds with zero deviations.
• Lead end-to-end procurement operations from Purchase Requisition (PR) to Purchase Order (PO), contract finalization, execution, and closure within agreed timelines.
• Monitor BG validity, contract obligations, and procurement milestones to ensure operational efficiency and risk mitigation.
• Establish and strengthen vendor governance frameworks, including vendor onboarding, due diligence, performance evaluation, and supplier relationship management.
• Monitor vendor Service Level Agreements (SLAs) and ensure adherence to contractual commitments and performance standards.
• Manage the complete contract lifecycle, including review, execution, compliance monitoring, renewals, amendments, and timely closure of critical contracts.
• Partner with internal stakeholders across Business, Finance, Legal, Compliance, Risk, and Operations to support organizational objectives and enhance procurement effectiveness.
• Drive procurement process improvements, digitization initiatives, and adoption of GeM/e-procurement platforms to improve efficiency, transparency, and governance.
• Develop and maintain procurement MIS, dashboards, and analytics for tracking compliance, sourcing outcomes, vendor performance, contracts, and savings realization.
• Lead initiatives to improve procurement maturity, stakeholder experience, operational excellence, and continuous process enhancement.
• Experience of GeM Portal and Public Procurement will be added advantage.
• SPOC to maintain record of all templet design and framework and procurement policy and keep track of all approvals and versions.

Applicants should possess the following attributes:

• Experience in Financial Services, Banking, Insurance, NBFC, or regulated industries preferred.
• Experience in handling Procurement to Pay or Source to Pay model
• Experience in vendor due diligence, risk assessment, and performance monitoring.
• Experience in MIS preparation, and audit coordination.
• Excellent in communication, and documentation skills.
• Proficiency in MS Excel, PowerPoint, and reporting tools.