Assistant Vice President - Sourcing

Assistant Vice President - Sourcing

About Us

SBI Card is a leading pure-play credit card issuer in India, offering a wide range of credit cards to cater to diverse customer needs. We are constantly innovating to meet the evolving financial needs of our customers, empowering them with digital currency for seamless payment experience and indulge in rewarding benefits. At SBI Card, the motto 'Make Life Simple' inspires every initiative, ensuring that customer convenience is at the forefront of all that we do. We are committed to building an environment where people can thrive and create a better future for everyone.

SBI Card is proud to be an equal opportunity & inclusive employer and welcome employees without any discrimination on the grounds of race, colour, gender, religion, creed, disability, sexual orientation, gender identity, marital status, caste etc. SBI Card is committed to fostering an inclusive and diverse workplace where all employees are treated equally with dignity and respect which makes it a promising place to work.

Join us to shape the future of digital payment in India and unlock your full potential.

What’s in it for YOU

1. SBI Card truly lives by the work-life balance philosophy. We offer a robust wellness and wellbeing program to support mental and physical health of our employees
2. Admirable work deserves to be rewarded. We have a well-curated bouquet of rewards and recognition program for the employees
3. Dynamic, Inclusive and Diverse team culture 
4. Gender Neutral Policy
5. Inclusive Health Benefits for all - Medical Insurance, Personal Accidental, Group Term Life Insurance and Annual Health Checkup, Dental and OPD benefits
6. Commitment to the overall development of an employee through a comprehensive learning & development framework

Role Purpose 

The role is responsible for managing the preparation short- and long-term sourcing plans and annual spend across business functions with the aim of cost saving in a manner which benefits the organization.

Role Accountability 

1. Manage the preparation of short- and long-term sourcing plans and manage annual spend across business functions - gather information on the market trends and current market price points, create information repository & share the latest insights with the management, use the market benchmarks of other large organizations in order to improve current price points
2. Prepare and manage data driven commodity strategies to attain YOY cost saving
3. Lead supplier development and sourcing activities in supplier selection and qualification for assigned products & services 
4. Manage and organize TPNC meetings for seeking approvals for high value contracts including maintaining repository of TPNC minutes
5. Drive supplier productivity, quality, and services to improve supplier performance and meet business operation targets 
6. Obtain the necessary inputs from the user group; float request for RFP and RFQ, carry out commercial negotiation (manual / reverse auction) with suppliers, benchmark & evaluate supplier commercials internally and externally
7. Carry out price correction wherever possible, seek necessary internal approvals; close terms and conditions with vendors; engage with potential vendors at regular intervals in order to maximize value creation for the organization
8. Understand all invoice level tax structures to be able to evaluate TCO level costing for projects /initiatives
9. Ensure contract management of active vendors count. Evaluate and negotiate contracts, renewal, addendum in accordance with company policy
10. Approval of Purchase orders within agreed TAT
11. Ensure compliance and adherence to regulatory requirements such as CVC, DPE and GFR, ensure satisfactory rating in Internal Audit, CAG, RCSA
12. Ensure process documentation and compliance adherence

Measures of Success 

1. Saving Target: YOY delivery of saving (hard & soft saving) over defined Purchase base 
2. Delivery of services: Maintain TAT of RFP/RFI, PO and contract renewal
3. Audit compliance : Ensure satisfactory rating in audits
4. Timely and accurate updating of process documentation
5. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Understanding of Oracle and ERP related projects 
2. Expertise in project/program management

Competencies critical to the role

1. Negotiation Skills
2. Stakeholder Management 
3. Analytical Ability 
4. Teamwork & Collaboration

Qualification 

Graduation + Certification in procurement / Supply chain management

Preferred Industry

FSI / Any

Experience Level

Executive Level