Manager - India Procurement (Indirect)

Major accountabilities

• Procurement Cycle

• Leading strategic sourcing initiatives and managing complex procurement projects.
• Developing and implementing procurement strategies aligned with business objectives.
• Managing supplier relationships and negotiating contracts
• Analyzing spend data and market trends to identify cost-saving opportunities.
• Overseeing a team of procurement professionals and mentoring junior staff
• Ensuring compliance with company policies and relevant regulations
• Collaborating with stakeholders across the organization to understand business needs
• Implementing and optimizing procurement processes and systems
• Driving continuous improvement in procurement practices
• Develop an efficient and accurate system for monitoring all PR/PO/Spend
• Deliver a weekly / monthly / ad-hoc report to management for PR/PO/Spend related.
• Manage end-to-end procurement processes for assigned categories.
• Develop and implement cost-saving strategies and negotiate contracts and pricing with suppliers.
• Analyze market trends and conduct supplier performance evaluations.
• Collaborate with cross-functional teams to optimize procurement processes.
• Ensure compliance with company policies and relevant regulations.

• Risk Procurement Strategy design, deployment, and refresh.

• Develop a comprehensive SLGSI Procurement Risk roadmap, outlining strategic initiatives ready for implementation.
• Collaborate with global business risk teams and key stakeholders to ensure alignment of the proposed roadmap.
• Cultivate a culture of vendor risk management awareness among team members and stakeholders, emphasizing:
• Proficiency in conducting supplier due diligence
• Ability to interpret and analyze risk reports effectively
• Oversee timely vendor performance reviews by relevant functions, highlighting any instances of non-compliance.

• Process Improvement and documentation & Governance and Performance tracking and reporting.
• Proficiency in data analysis and visualization tools (Tableau, MS Excel)
• Quality check of the report submitted by Duns & Bradstreet (D&B) for existing suppliers / any ad-hoc request.
• Review contract, policies and risk associated in arm's length agreement.
• Develop and implement policies and procedures to improve supplier risk management capabilities.
• Performing root cause analyses on identified risk events and recommending improvements to prevent these risk events from re-occurring in future.
• Review contract, policies and risk associated in arm's length agreement, Handle the supplier performance evaluation matrix /Dashboard.
• Implement clear governance structures at all levels (global & local) while fostering active network engagement with internal stakeholders.
• Elaborate risk mitigation plans and follows up with buyers/requestors for tracking Continuous Improvement and Reporting.
• Addressing of Q&A of buyer / requestors on daily basis
• Strong negotiation and communication skills
• Review vendor risk assessment rating for accuracy and completeness for all vendors.
• Handle audits like Statutory Audit, IFC Audit, Internal Audit (new initiative of automating required regular supporting of data), Ad-hoc document request from GRC Team

Specialized knowledge

In depth understanding of Third part risk management

Experience of procuring contracts.

Experience in IT and Non-IT procurement

Experience of procurement installation and use of procurement systems.

Fair knowledge on segmentation about Vendor Segmentation and governance process

Strong working knowledge of procurement processes.

High level of program management skills Extensive expertise, having operated at a strategic level with a strong track record of success in delivering financial savings.

Excellent communication and influencing skills including negotiating and contracting.

Experience of developing and managing procurement staff.

Good level networking and liaison skills and the provide ability to meet deadlines and targets.

Good teamwork skills actively involve colleagues across the business, builds the benefits of collaborative working.

Self-developer acts as a role model, invests time in their own development and encourages others.

Education and experience

• 12+ years of post-qualification experience in Procurement domain managing Risk, Internal or External Audit in a financial institution or financial services firm.
• A strong risk or assurance background, with prior exposure to the regulatory and compliance risk disciplines and tools i.e. D&B etc.
• Deep knowledge for tools and technologies leveraged in the industry for Procurement processes.
• Strong consulting, relationship management and facilitation skills including the ability to listen and question to understand the business problem, analyze, provide insight and advice.
• Ability to analyze big data and trends.
• Excellent written and verbal communication skills including persuasive, data-rich presentation skills. This is IC role.

Communication scope

• Leadership Team/Partners
• External vendors/sub vendors
• Legal/Finance/Compliance team
• Procurement Committee