HDFC Securities Ltd, a subsidiary of HDFC Bank, is one of India's leading stockbroking and financial services organizations. With a strong focus on technology, cyber resilience and operational governance, we engage with a wide network of technology vendors, cloud partners and service providers. Effective vendor risk management and efficient IT procurement are critical pillars of our operational excellence.
Job Title: Vendor TPRM & IT Procurement Manager
Role / Grade: Manager / Sr Manager
Location: Mumbai
Job Overview:
The Vendor TPRM & IT Procurement Manager will manage the end-to-end lifecycle of technology vendors—from procurement, sourcing and contracting to risk assessments, due diligence and ongoing vendor performance monitoring. This hybrid role ensures that IT purchases are cost-efficient, compliant with regulations and aligned with organizational policies while simultaneously ensuring that third-party risks are identified, monitored and mitigated.
The ideal candidate has 8-10 years of experience in IT procurement, vendor management, or TPRM within the BFSI sector.
Key Responsibilities:
1. IT Procurement (Sourcing)
- Manage procurement for IT hardware, software, cloud services, AMC/renewals and cybersecurity solutions.
- Drive RFP/RFQ/RFI processes including preparation, vendor evaluation and comparison matrices.
- Conduct detailed techno-commercial analysis and assist business/IT teams in solution selection.
- Oversee contracting, ensuring inclusion of SLAs, security clauses, data protection, confidentiality and exit terms.
- Monitor IT budgets, forecast renewals, track license utilization and optimize overall IT spend.
2. Third-Party Risk Management (TPRM)
- Lead vendor onboarding assessments including security, operational and regulatory due diligence.
- Conduct risk scoring for vendors, classify criticality and maintain vendor risk profiles.
- Ensure compliance with SEBI/RBI outsourcing guidelines, cloud security regulations and internal governance frameworks.
- Perform periodic reviews, audits and follow-up assessments of critical vendors.
- Track vendor-related issues, incidents, deviations and ensure timely remediation.
- Maintain TPRM documentation including risk registers, assessment reports and dashboards.
3. Contract Governance & Compliance
- Coordinate with legal, cybersecurity, compliance and business teams to ensure contracts meet regulatory standards.
- Review vendor agreements for clauses related to cybersecurity, business continuity, data residency, confidentiality and regulatory reporting.
- Ensure all procurement and vendor processes comply with statutory guidelines, audit findings and internal policies.
- Prepare and maintain procurement, audit documentation and management dashboards.
4. Vendor Performance & Relationship Management
- Monitor SLAs, delivery timelines, service credits and overall vendor performance.
- Conduct periodic vendor reviews and performance scorecards for critical suppliers.
- Collaborate with business and IT owners to resolve vendor conflicts or service gaps.
- Support renewal decisions with data-driven insights on usage, value and risks.
5. Stakeholder Coordination
- Work closely with IT, cybersecurity, compliance, audit, finance and legal teams for seamless vendor operations.
- Support senior management with periodic reporting, risk dashboards and procurement analytics.
- Engage with group companies to leverage bulk pricing, best practices and shared vendor intelligence.
Qualifications, Experience & Expertise
- Bachelor's degree in Technology, Engineering, IT, Cybersecurity, or related field.
- 5–10 years of experience in IT procurement, TPRM, vendor governance, or IT sourcing within BFSI.
- Strong understanding of Indian regulatory guidelines (SEBI, RBI, CERT-In) for outsourcing and vendor risk.
- Expertise in procurement processes and contract management.
- Good understanding of cybersecurity controls, IT infrastructure components and cloud services.
- Certifications preferred: CISA, ITIL, CTPRP (Certified Third-Party Risk Professional), CIPM (Certified IT procurement manager).
- Excellent negotiation, analytical, documentation and stakeholder-management skills.
- Demonstrated leadership abilities and strategic thinking in driving vendor management initiatives.
Benefits
- Competitive compensation and benefits.
- Opportunity for cross-functional learning across IT governance, procurement and vendor management.
- Exposure to emerging technologies, digital platforms and strategic vendor partnerships.
