Head - IT Procurement

Location:

Experience Required:

Role Overview:

Head of IT Procurement is responsible for leading the strategic sourcing, vendor management, and contract negotiation processes for all IT-related goods and services. The role ensures cost efficiency, regulatory compliance, timely availability of technology resources, and alignment with organizational goals.

Key Responsibilities:

1. Procurement Strategy & Governance

• Develop and execute the IT procurement strategy aligned with business and technology objectives.
• Establish procurement governance, policies, and processes in line with internal audit and regulatory requirements (RBI, ISO, etc.).
• Drive adoption of e-procurement tools and automation for transparency and efficiency.

2. Sourcing & Vendor Management

• Identify, evaluate, and onboard vendors for hardware, software, SaaS, cloud, AMC, and professional services.
• Manage vendor lifecycle—empanelment, performance evaluation, renewal, and exit management.
• Ensure vendor compliance with information security, data privacy, and regulatory norms.
• Partner with Legal and Compliance teams for vendor due diligence and risk assessment.

3. Contracting & Commercials

• Lead commercial negotiations to ensure value optimization, cost reduction, and favourable terms.
• Oversee preparation and review of contracts, MSAs, NDAs, SLAs, and license agreements.
• Monitor contract renewals, expirations, and license compliances.

4. Financial & Budget Management

• Plan and manage annual IT procurement budget in coordination with IT Governance and PMO.
• Track IT spends, cost savings, and TCO (Total Cost of Ownership).
• Support CAPEX and OPEX reporting and board-level presentations.

5. Stakeholder Management

• Collaborate with IT, InfoSec, Legal, Finance, and Business Units for procurement needs.
• Support project teams in timely provisioning of IT assets and services.
• Communicate effectively with senior management on procurement performance and risks.

6. Process Improvement & Compliance

• Ensure adherence to internal controls, procurement policies, and audit requirements.
• Drive process efficiency, standardization, and continuous improvement.
• Ensure compliance with RBI outsourcing guidelines and data localization norms.

Key Skills & Competencies:

• Strong knowledge of IT procurement (hardware, software, cloud, SaaS, AMC, managed services).
• Expertise in contract negotiation and vendor management.
• Familiarity with RBI and NBFC regulatory framework for IT outsourcing.
• Excellent communication, stakeholder management, and leadership abilities.
• Experience with procurement automation tools (e.g., Ariba, Oracle, Zoho, etc.).