Vendor TPRM & IT Procurement Manager

Job Title: Vendor TPRM & IT Procurement Manager

Role / Grade: Manager / Sr Manager

Location: Mumbai

Job Overview The Vendor TPRM & IT Procurement Manager will manage the end-to-end lifecycle of technology vendors from procurement, sourcing and contracting to risk assessments, due diligence and ongoing vendor performance monitoring. This hybrid role ensures that IT purchases are cost-efficient, compliant with regulations and aligned with organizational policies while simultaneously ensuring that third-party risks are identified, monitored and mitigated.

The ideal candidate has 8-10 years of experience in IT procurement, vendor management, or TPRM within the BFSI sector.

Key Responsibilities

1. IT Procurement (Sourcing)

• Manage procurement for IT hardware, software, cloud services, AMC/renewals and cybersecurity solutions.
• Drive RFP/RFQ/RFI processes including preparation, vendor evaluation and comparison matrices.
• Conduct detailed techno-commercial analysis and assist business/IT teams in solution selection.
• Oversee contracting, ensuring inclusion of SLAs, security clauses, data protection, confidentiality and exit terms.
• Monitor IT budgets, forecast renewals, track licence utilisation and optimise overall IT spend.

2. Third-Party Risk Management (TPRM)

• Lead vendor onboarding assessments including security, operational and regulatory due diligence.
• Conduct risk scoring for vendors, classify criticality and maintain vendor risk profiles.
• Ensure compliance with SEBI/RBI outsourcing guidelines, cloud security regulations and internal governance frameworks.
• Perform periodic reviews, audits and follow-up assessments of critical vendors.
• Track vendor-related issues, incidents, deviations and ensure timely remediation.
• Maintain TPRM documentation including risk registers, assessment reports and dashboards.

3. Contract Governance & Compliance

• Coordinate with legal, cybersecurity, compliance and business teams to ensure contracts meet regulatory standards.
• Review vendor agreements for clauses related to cybersecurity, business continuity, data residency, confidentiality and regulatory reporting.
• Ensure all procurement and vendor processes comply with statutory guidelines, audit findings and internal policies.
• Prepare and maintain procurement, audit documentation and management dashboards.

4. Vendor Performance & Relationship Management

• Monitor SLAs, delivery timelines, service credits and overall vendor performance.
• Conduct periodic vendor reviews and performance scorecards for critical suppliers.
• Collaborate with business and IT owners to resolve vendor conflicts or service gaps.
• Support renewal decisions with data-driven insights on usage, value and risks.

5. Stakeholder Coordination

• Work closely with IT, cybersecurity, compliance, audit, finance and legal teams for seamless vendor operations.
• Support senior management with periodic reporting, risk dashboards and procurement analytics.
• Engage with group companies to leverage bulk pricing, best practices and shared vendor intelligence.

Qualifications, Experience & Expertise

• Bachelors degree in Technology, Engineering, IT, Cybersecurity, or related field.
• 510 years of experience in IT procurement, TPRM, vendor governance, or IT sourcing within BFSI.
• Strong understanding of Indian regulatory guidelines (SEBI, RBI, CERT-In) for outsourcing and vendor risk.
• Expertise in procurement processes and contract management.
• Good understanding of cybersecurity controls, IT infrastructure components and cloud services.
• Certifications preferred: CISA, ITIL, CTPRP (Certified Third-Party Risk Professional), CIPM (Certified IT procurement manager).
• Excellent negotiation, analytical, documentation and stakeholder-management skills.
• Demonstrated leadership abilities and strategic thinking in driving vendor management initiatives.