Strategic Sourcing & Procurement Governance Manager

Position Summary:

The incumbent resource will be responsible for managing strategic sourcing activities with a primary focus on Professional Services, Audit-related Spend, Banking Tools, Consultancy Services, and Technical Manpower Requirements. The role will also act as the custodian of Procurement Governance, ensuring adherence to SCM policies, procurement processes, regulatory requirements, internal controls, and audit standards across the organization.

The incumbent will drive procurement excellence through effective vendor management, sourcing optimization, contract governance, compliance monitoring, spend analytics, stakeholder engagement, and continuous process improvements while ensuring cost efficiency, quality service delivery, and risk mitigation.

Educational Qualification:

Essential:

- Engineering Degree / B.Tech / BBA / MBA from a recognized institute.

Preferred:

- Specialization in Supply Chain Management & Governance.

- Professional certifications in Procurement, Supply Chain, Contract Management, or Vendor Risk Management will be an added advantage.

Experience:

- Overall experience at least 10 - 15 years.

- Minimum 8 years of strong and relevant experience in Procurement, Strategic Sourcing, Procurement Governance, and Compliance Management.

- Proven experience in handling procurement of Professional Services, Consulting Services, Audit Services, Banking Tools and Technology Services, and Technical Manpower / Resource Augmentation.

- Prior exposure to Procurement Audits, Vendor Governance, Contract Management, and Regulatory Compliance will be highly preferred.

Key Responsibilities:

- Lead sourcing activities related to Professional Services, Audit engagements, Banking Tools, Consulting Assignments, and Technical Manpower requirements.

- Ensure timely execution of procurement activities through robust sourcing strategies, RFP management, negotiation, and vendor selection.

- Drive end-to-end procurement governance and compliance in alignment with organizational policies, procedures, and regulatory expectations.

- Strengthen procurement controls through vendor due diligence, contract governance, audit readiness, risk assessments, spend analytics, and stakeholder awareness.

- Support business teams with efficient procurement solutions while maintaining transparency, compliance, and cost effectiveness.

- Manage end-to-end sourcing lifecycle including requirement gathering, vendor identification, RFP/RFQ preparation, bid evaluation, commercial negotiations, vendor finalization, Purchase Order issuance, contract execution, and ensuring timely payment issuance to partner.

- Act as the governance lead for procurement activities across the organization.

- Execute vendor onboarding and due diligence processes in accordance with organizational guidelines.

- Maintain centralized contract repository and agreement tracker.

- Act as the primary coordinator for procurement-related internal and external audits.

- Partner with business functions to understand procurement requirements and operational challenges.

- Maintain effective communication with vendors to ensure quality and timely delivery of services.

- Analyze procurement spend patterns, trends, savings opportunities, and compliance metrics.

- Drive procurement process awareness across the organization.

- Periodically review procurement processes, policies, SOPs, and governance frameworks.

Required Competencies:

- Strategic Sourcing, Procurement Governance, Contract Management, Vendor Due Diligence, Vendor Risk Management, Procurement Compliance, RFP/RFQ Management, Spend Analysis, Cost Optimization, Supplier Relationship Management, Procurement Audit Management, Service Procurement, Technical Manpower Procurement.

Technical Skills:

- Strong understanding of procurement processes and governance frameworks.

- Experience of handling internal and external audits.

- Good working knowledge of ERP platforms and procurement workflows.

- Expertise in Microsoft Excel, Power BI, and Procurement MIS reporting.

- Knowledge of contract lifecycle management practices.

Key Performance Indicators (KPIs):

- Procurement cycle time adherence.

- RFP closure within defined timelines.

- Procurement compliance score.

- Audit observations and closure rate.

- Vendor due diligence completion rate.

- Contract coverage and renewal compliance.

- Spend visibility and reporting accuracy.