Vice President/Assistant Vice President - Procurement - FinTech (12-20 yrs)

Roles & Responsibilities:

- Develop and execute procurement strategies to ensure cost savings, efficiency, and compliance with company policies.

- Oversee end-to-end procurement processes, including supplier selection, contract negotiations, and vendor performance management.

- Drive innovation in procurement strategies and processes to improve efficiency, reduce procurement lead times, and enhance data-driven decision-making.

- Collaborate with senior leadership to forecast procurement needs and ensure the timely acquisition of resources.

- Manage procurement financials, including budgeting, forecasting, and accounting, in coordination with the Finance team.

- Monitor and control procurement expenses, identify opportunities for cost savings, and implement initiatives to reduce procurement costs without compromising quality.

- Analyze market trends and economic conditions to make informed purchasing decisions.

- Ensure timely review and renewal of agreements or release new RFPs as per business requirements.

- Work closely with suppliers to optimize key procurement processes and enhance value delivery.

- Ensure the processes to be governed under CVC guidelines.

- Leverage technology for procurement efficiency, including e-auctions and e-tendering platforms.

- Develop strong internal stakeholder relationships to support business needs and drive cross-functional collaboration.

- Lead vendor selection and evaluation to ensure alignment with business needs and quality standards

- Oversee budget management for external vendor contracts, ensuring cost efficiencies and minimizing financial risk

- Oversee the negotiation of contracts, terms, and conditions with external vendors to ensure favorable pricing, service level agreements (SLAs), and compliance with regulatory and security standards

- Track and report compliance for all outsourced activities, ensuring adherence to regulatory and internal standards.

- Monitor regulatory changes, industry trends, and best practices to enhance procurement and administrative functions.

- Oversee key administrative functions, including facility management, vendor contracts for office services, and operational support activities

- Drive efficiency in office management, logistics, and other general administrative services.

- Ensure efficient and effective operations, and promoting a positive work environment

- Ensure compliance with health, safety, and regulatory standards in all administrative and procurement activities

- Manage office infrastructure, utilities, and maintenance to ensure a smooth and productive work environment.

- Supervise front-office operations, travel management, employee transport services, and cafeteria operations.

Applicants should possess the following attributes:

- Strong contract management and negotiation skills.

- Proficiency in procurement technologies, including e-auctions and e-tendering.

- Understanding budget management, cost control, and expense optimization related to administrative and procurement functions.

- Should have deep understanding of compliance, regulatory requirements, risk management in procurement and knowledge on CVC guidelines.

- Analytical mindset with strong decision-making and problem-solving skills.

- Ability to manage multiple stakeholders and work in a fast-paced environment.

- Excellent communication, leadership, and team-building skills.