Senior Associate, Specialist Technology Procurement, Technology and Operations

DBS Bank; Mumbai; On-site; INR 3,500,000 - 5,200,000; Full time

Job summary

DBS Bank is seeking a Senior Associate of Technology Procurement in Mumbai to drive strategic sourcing, contract negotiations, and vendor governance for critical IT infrastructure, software, and services. You will lead end-to-end procurement projects, develop category strategies, and align with the bank’s digital transformation agenda.

The role requires 8–10 years in IT procurement within a regulated banking environment, strong negotiation and financial modeling skills, and familiarity with

Qualifications

• Bachelor's degree in Engineering with MBA is an added advantage.
• 8–10 years of IT procurement/strategic sourcing experience in regulated banking/financial services.

Responsibilities

• Lead end-to-end technology procurement projects (IT infrastructure, software, services).
• Develop multi-year category strategies aligned with digital transformation goals.
• Drive complex negotiations to reduce total cost of ownership (TCO).
• Ensure regulatory compliance and risk assessments with Risk/InfoSec/Legal.
• Manage vendor performance reviews, renewals, disputes, and vendor rationalization.
• Collaborate with CIOs, CTOs, Finance, and Legal to forecast demand and streamline P2P.

Skills

Contract Negotiation

Advanced Excel

Stakeholder Management

Financial Modeling

Risk Mitigation

Vendor Management

Education

Bachelor's in Engineering

MBA

Tools

Coupa

Job description

Senior Associate of Technology Procurement

Senior Associate of Technology Procurement shall be driving strategic sourcing, contract negotiations, and vendor governance for critical IT infrastructure, software, and services.

Role Overview

• Department: Group Procurement / Technology & Operations
• Key Focus: Driving cost optimization, mitigating third-party risk, and ensuring strict regulatory compliance in a highly secure financial environment.

Key Responsibilities And Requirements

Strategic Sourcing & Category Management

• Lead end-to-end procurement projects for major technology portfolios, including IT Infrastructure – Switches, Routers, Storage, core banking applications, cybersecurity solutions, data centers, and IT professional services.
• Develop multi-year category strategies aligned with the bank’s digital transformation and operational goals.

Commercial Negotiation & Cost Optimization

• Drive complex commercial negotiations with major tier-1 technology vendors to achieve Total Cost of Ownership (TCO) reductions.
• Establish pricing models, volume discounts, and favorable service level agreements (SLAs).
• Conduct Reverse Auctions to discover pricing

Risk & Regulatory Compliance

• Ensure all technology vendor engagements adhere to financial regulatory frameworks
• Partner with Risk, Information Security, and Legal teams to perform vendor due diligence and risk assessments.

Vendor Lifecycle & Relationship Management (SRM)

• Manage strategic vendor performance reviews, contract renewals, dispute resolution, and vendor rationalization.

Stakeholder & Team Leadership

• Collaborate with internal business partners (CIOs, CTOs, Finance, and Legal) to forecast technology demand and streamline the procure-to-pay (P2P) lifecycle.
• Education: Bachelor’s degree in Engineering with MBA from reputed institute shall be an added advantage
• Experience: 8 to 10 years of progressive experience in IT procurement, strategic sourcing, or commercial management, with significant exposure to a regulated banking or financial services environment.
• Technical Knowledge: Deep understanding of software licensing metrics, cloud consumption models, hardware infrastructure, and IT service agreements.
• Skills: Advanced contract negotiation, Advance excel skills, executive-level stakeholder management, financial modeling (TCO/ROI analysis), and risk mitigation.
• Tools & Certifications: Familiarity with e-procurement platforms, COUPA etc

Location

Mumbai

Job

Sourcing

Schedule

Regular

Employee Status

Full time