Responsibilities:

- Develop Procurement Strategies: Formulate and execute procurement strategies tailored to the unique needs and objectives of our group of companies.

- Supplier Relationship Management: Identify, assess, and select suppliers based on criteria such as financial stability, regulatory compliance, and service quality.

- Contract Negotiation: Lead negotiations with suppliers to secure favorable terms and conditions that align with our business objectives.

- Budget Oversight: Collaborate with finance and other relevant departments to develop procurement budgets and forecasts.

- Team Leadership: Provide strong leadership and guidance to the procurement team, fostering a culture of accountability, collaboration, and continuous improvement.

- Process Enhancement: Identify opportunities for process improvement within the procurement function and implement best practices to enhance efficiency, reduce costs, and mitigate risks.

- Compliance and Risk Management: Ensure compliance with applicable laws, regulations, and industry standards governing procurement activities within the NBFC/BFSI sector.

- Stakeholder Engagement: Collaborate closely with internal stakeholders, including business units, risk management, legal, and compliance functions, to understand their procurement needs and priorities.

Qualifications:

- Bachelor's degree in business administration, finance, or a related field.

- Master's degree or professional certifications preferred.

- Minimum of 15 years of progressive experience in procurement within the NBFC/BFSI sector, with 5-7 years in a leadership role.

- Demonstrated expertise in developing and implementing procurement strategies that drive cost savings, mitigate risks, and support business objectives in the financial services industry.

- Strong negotiation skills and a proven track record of successfully negotiating complex contracts with suppliers and vendors.

- Excellent leadership and team management abilities, with a focus on fostering a culture of collaboration, innovation, and excellence.

- In-depth knowledge of procurement best practices, regulatory requirements, and industry trends within the NBFC/BFSI sector.

- Exceptional analytical and problem-solving skills, with the ability to make data-driven decisions in a fast-paced and dynamic environment.

- Excellent communication and interpersonal skills, with the ability to effectively engage and influence stakeholders at all levels of the organization.

Additional Requirements:

- Prior experience in a similar role within an NBFC, banking institution, or financial services organization is highly desirable.

- Familiarity with procurement software and technology solutions specific to the financial services industry (e., SAP Ariba, Oracle Procurement Cloud) is a plus.

- Understanding of financial products, services, and regulatory frameworks relevant to the NBFC/BFSI sector.

- Strong commitment to ethical conduct, integrity, and corporate governance principles.