Senior Associate, Specialist Technology Procurement, Technology & Operations

DBS Bank; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

DBS Bank in Mumbai is seeking a Specialist Technology Procurement to drive strategic sourcing, contract negotiations, and vendor governance for critical IT infrastructure, software, and services. You will lead end-to-end procurement projects and shape multi-year category strategies aligned with the bank's digital transformation.

The role emphasizes risk management, regulatory compliance, and strong executive stakeholder engagement, with a focus on achieving TCO reductions through advanced

Qualifications

• Bachelor's degree in Engineering; MBA is advantageous.
• 8–10 years in IT procurement or strategic sourcing within regulated financial services.
• Strong contract negotiations, Excel, financial modeling, and risk mitigation skills.

Responsibilities

• Lead end-to-end procurement for IT infrastructure, software, and services.
• Develop multi-year category strategies aligned with digital transformation.
• Drive complex negotiations and establish favorable SLAs.
• Ensure vendor engagements comply with regulatory frameworks and risk assessments.
• Manage SRM, renewals, and vendor rationalization.

Skills

Contract Negotiation

Stakeholder Management

Financial Modeling

Cost Optimization

Regulatory Compliance

Education

Bachelor's degree in Engineering

MBA (advantageous)

Tools

COUPA

Job description

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Description

A specialistTechnology Procurement shall be driving strategic sourcing, contract negotiations, and vendor governance for critical IT infrastructure, software, and services. [1, 2, 3]

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. [1, 2, 3]

Key Responsibilities

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.

Job Requirements

• 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