Senior Specialist-Marketing Procurement

As a Senior Specialist-Marketing Procurement at our company based in Mumbai, you will play a pivotal role in procuring all marketing products and services for the bank. Your responsibilities will directly impact the cost efficiency and smooth day-to-day operations, contributing significantly to the overall efficiency and cost-effectiveness of the bank. **Roles & Responsibilities:** - Develop inventive and cost-effective marketing procurement strategies. - Source and engage reliable suppliers and vendors. - Manage sourcing activities including RFQ, RFP, and RFI processes, and conduct quotation analysis and negotiations. - Act as a liaison between service providers (vendors) and business teams. - Lead the vendor management program to ensure smooth governance and high operational efficiency. - Issue purchase orders post-acceptance by the business team. - Engage early with all levels of management to determine needs, develop strategies, and provide procurement sources. - Ensure compliance with all establishment-related regulations. - Analyze data to anticipate unfavorable events and prepare control strategies. - Prepare procurement reports for senior management. - Perform risk assessments on potential contracts and agreements. - Capture and share best practices within the team. - Create a collaborative learning environment and promote collective ownership of responsibilities. - Develop savings plans for identified projects and collaborate with expense line owners to explore savings opportunities. - Stay updated with marketing procurement management and global procurement benchmarks to implement best practices. - Collaborate with business and support units to provide necessary materials and services for daily operations. **Secondary Responsibilities:** - Monitor key parameters such as productivity, hiring quality, and costs using relevant scorecards. - Attract and retain top talent for key roles within the reporting structure. - Ensure adherence to established benchmarks and processes for finalizing commercials and other key parameters. **Educational Qualifications:** - Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS) - Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA) **Experience:** 4 - 6 years of relevant experience. As a Senior Specialist-Marketing Procurement, your role is essential in ensuring the procurement of marketing products and services is conducted efficiently and cost-effectively, contributing to the overall success of the bank.,