Centralized Procurement Team:Vendor management Team

Role description

Job Title: Senior Manager – Vendor Management

Department: Vendor Management Team (VMT)

Reporting To: Head of VMT

Location: Airoli, Navi Mumbai

Working type : Hybrid ( 2-3 days in office compulsory)

Employment Type: Full-Time

Key Responsibilities:

1. Vendor Onboarding & Lifecycle Management





• Lead end-to-end onboarding of vendors, covering both financial and non-financial aspects.


• Ensure compliance with internal policies and regulatory requirements during onboarding.


• Maintain and update vendor master data in the Vendor Onboarding System (VOS).





2. Vendor Governance & Compliance





• Ensure adherence to vendor management policies and procedures.


• Manage documentation including NDAs, contracts, declarations, and KYC.


• Conduct periodic reviews and risk assessments of vendors.





3. Audit & Risk Management





• Handle internal and external audits related to vendor management.


• Ensure timely closure of audit observations and implementation of corrective actions.


• Maintain audit trails and documentation for all vendor-related activities.





4. Process Improvement & Tool Implementation





• Identify gaps and suggest improvements in vendor management processes.


• Evaluate and implement new tools and technologies to enhance VMT efficiency.


• Collaborate with IT and procurement teams for system upgrades and automation.





5. Contract & SLA Management





• Review and manage vendor contracts, ensuring inclusion of key clauses such as indemnity, confidentiality, termination, etc.


• Monitor vendor performance against defined SLAs and KPIs.


• Address non-compliance and initiate corrective actions.





6. Stakeholder Management





• Liaise with internal stakeholders (Legal, Finance, Procurement, Compliance) for smooth vendor operations.


• Act as a point of contact for vendor queries and escalations.


• Build strong relationships with strategic vendors.

Key Requirements:

• Minimum 8–12 years of experience in vendor management, preferably in BFSI or large enterprise environments.


• Strong understanding of vendor onboarding systems and lifecycle management.


• Experience in handling audits and compliance-related activities.


• Familiarity with contract management, SLA frameworks, and risk mitigation strategies.


• Proficiency in MS Office, ERP systems (SAP/Oracle), and vendor management tools.


• Excellent communication, negotiation, and stakeholder management skills.