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Centralized Procurement Team:Vendor management Team
Centralized Procurement Team:Vendor management TeamConfidential • Mumbai, India
Centralized Procurement Team : Vendor management Team

Centralized Procurement Team : Vendor management Team

Confidential • Mumbai, India
23 days ago
Job description

Job Title : Senior Manager - Vendor Management

Department : Vendor Management Team (VMT)

Reporting To : Head of VMT

Location : Airoli, Navi Mumbai

Working type : Hybrid ( 2-3 days in office compulsory)

Employment Type : Full-Time

Key Responsibilities :

  • Vendor Onboarding & Lifecycle Management
  • Lead end-to-end onboarding of vendors, covering both financial and non-financial aspects.
  • Ensure compliance with internal policies and regulatory requirements during onboarding.
  • Maintain and update vendor master data in the Vendor Onboarding System (VOS).
  • Vendor Governance & Compliance
  • Ensure adherence to vendor management policies and procedures.
  • Manage documentation including NDAs, contracts, declarations, and KYC.
  • Conduct periodic reviews and risk assessments of vendors.
  • Audit & Risk Management
  • Handle internal and external audits related to vendor management.
  • Ensure timely closure of audit observations and implementation of corrective actions.
  • Maintain audit trails and documentation for all vendor-related activities.
  • Process Improvement & Tool Implementation
  • Identify gaps and suggest improvements in vendor management processes.
  • Evaluate and implement new tools and technologies to enhance VMT efficiency.
  • Collaborate with IT and procurement teams for system upgrades and automation.
  • Contract & SLA Management
  • Review and manage vendor contracts, ensuring inclusion of key clauses such as indemnity, confidentiality, termination, etc.
  • Monitor vendor performance against defined SLAs and KPIs.
  • Address non-compliance and initiate corrective actions.
  • Stakeholder Management
  • Liaise with internal stakeholders (Legal, Finance, Procurement, Compliance) for smooth vendor operations.
  • Act as a point of contact for vendor queries and escalations.
  • Build strong relationships with strategic vendors.

Key Requirements :

  • Minimum 8-12 years of experience in vendor management, preferably in BFSI or large enterprise environments.
  • Strong understanding of vendor onboarding systems and lifecycle management.
  • Experience in handling audits and compliance-related activities.
  • Familiarity with contract management, SLA frameworks, and risk mitigation strategies.
  • Proficiency in MS Office, ERP systems (SAP / Oracle), and vendor management tools.
  • Excellent communication, negotiation, and stakeholder management skills.
  • Skills Required

    Supplier Management, Vendor Management, Mis Reporting, Category Management, Process Automation, Negotiations, Contract Negotiation, Team Handling, Strategic Sourcing

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    Procurement • Mumbai, India

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