Senior Executive - Procurement

Job Overview: We are seeking a highly skilled and motivated individual to join our team as an IT Sourcing and Procurement Specialist for the Reserve Bank IT department. The ideal candidate will play a pivotal role in managing the procurement lifecycle, negotiating contracts, and optimizing the acquisition of IT goods and services.

Experience: 4 to 6 Years

Responsibilities:

1. Strategic Sourcing:
• Develop and implement strategic sourcing initiatives to ensure cost-effectiveness and quality in IT procurement.
• Identify, evaluate, and select vendors based on performance, capabilities, and alignment with organizational goals.
2. Vendor Management:
• Establish and maintain strong relationships with IT vendors.
• Negotiate contracts, terms, and conditions to achieve favorable agreements while mitigating risks.
3. Procurement Process:
• Oversee the end-to-end procurement process for IT goods and services.
• Collaborate with internal stakeholders to understand requirements and specifications.
4. Cost Optimization:
• Conduct cost-benefit analyses and implement strategies for cost reduction and efficiency improvement.
• Monitor market trends and technology advancements to optimize procurement decisions.
5. Contract Management:
• Draft, review, and manage IT contracts, ensuring compliance with legal and regulatory requirements.
• Monitor contract performance and address issues as needed.
6. Risk Mitigation:
• Identify and mitigate potential risks associated with IT procurement.
• Develop and implement risk management strategies to safeguard the organization's interests.

Qualifications:

• Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
• Proven experience in IT sourcing and procurement, preferably within the financial sector.
• Strong negotiation skills and a comprehensive understanding of contract law.
• Excellent analytical and problem-solving abilities.
• Familiarity with IT trends, technologies, and market dynamics.
• Ability to collaborate effectively with cross-functional teams.

Skills:

• Negotiation
• Vendor Management
• Procurement Strategy
• Contract Management
• Risk Assessment
• Market Analysis

Personal Attributes:

• Strong communication and interpersonal skills.
• Detail-oriented with a focus on accuracy.
• Ability to work independently and collaboratively in a dynamic environment.

If you are passionate about driving efficiency, managing vendor relationships, and contributing to the success of the Reserve Bank's IT initiatives, we invite you to apply for this challenging and rewarding position.