Chief Manger - Strategic Sourcing and Governance || Bank

Chief Manager/ Senior Manager – Strategic Sourcing & Procurement Governance

Function: Supply Chain Management (SCM) / Procurement

Experience: 10+ Years

Location: Gurugram

Employment Type: Full-time, On-roll

Role Type: Individual Contributor (IC)

Reporting To: Head – SCM

About the Role

We are looking for a Chief/ Senior Manager – Strategic Sourcing & Procurement Governance to drive strategic procurement initiatives and strengthen procurement governance across the organization.

The role will focus on sourcing Professional Services, Consulting, Audit Services, Banking Tools & Technology, and Technical Manpower, while ensuring compliance with procurement policies, internal controls, regulatory requirements, and audit standards.

Key Responsibilities

Strategic Sourcing & Procurement

• Manage the end-to-end sourcing lifecycle, including requirement gathering, RFP/RFQ management, vendor evaluation, negotiations, vendor finalization, and contract execution.
• Drive strategic sourcing for professional services, consulting, audit engagements, banking tools, and technical manpower.
• Identify cost optimization opportunities through market intelligence, benchmarking, and effective negotiations.
• Ensure timely procurement execution while maintaining quality, compliance, and cost efficiency.

Procurement Governance & Compliance

• Act as the custodian of procurement governance, ensuring adherence to SCM policies, SOPs, DOA, contracting guidelines, and regulatory requirements.
• Monitor procurement transactions, identify process deviations, and strengthen internal controls.
• Drive procurement compliance reviews, audit readiness, and corrective action plans.

Vendor Risk & Contract Management

• Manage vendor onboarding, due diligence, and compliance screening.
• Oversee vendor risk assessments, including blacklist checks, regulatory screening, ROC verification, and other relevant compliance checks.
• Ensure proper contract execution, centralized contract repository management, renewals, and agreement tracking.
• Monitor vendor performance and conduct periodic vendor performance reviews.

Audit, MIS & Stakeholder Management

• Coordinate procurement-related internal and external audits and ensure timely closure of audit observations.
• Prepare procurement MIS, spend analytics, compliance reports, and management dashboards.
• Partner with Legal, Finance, Compliance, Risk, Information Security, and business teams to ensure seamless procurement execution.
• Drive procurement awareness, process improvements, automation, and policy enhancement initiatives.

What We're Looking For

• 10–15 years of overall experience, with at least 8 years of relevant experience in Procurement, Strategic Sourcing, Procurement Governance, or Compliance Management.
• Strong experience in sourcing and procurement of:
• Professional & Consulting Services
• Audit Services
• Banking Tools & Technology Services
• Technical Manpower / Resource Augmentation
• Experience in procurement audits, vendor governance, contract management, and regulatory compliance.
• Strong negotiation, stakeholder management, analytical, and problem-solving skills.
• Working knowledge of ERP platforms, procurement workflows, Microsoft Excel, Power BI, and Procurement MIS reporting.
• Knowledge of contract lifecycle management and procurement governance frameworks.

Interested candidates can share their updated CV at [HIDDEN TEXT]