Procurement Manager

Overview

Own technology sourcing for IMC India, running the full procurement cycle for IT hardware, software, network, data centre and technology services, and lead a small team.

What you'll do

• Identify new vendors and service providers in India and globally, building a strong supplier base for each IT category.
• Run end-to-end sourcing for IT categories: requirements, RFI/RFQ/RFP, vendor evaluation, commercial negotiation and award.
• Negotiate pricing, SLAs, support terms, warranties, delivery timelines and licensing models with OEMs, distributors and service providers.
• Manage urgent hardware buys for trading infrastructure, balancing speed with cost and control.
• Reduce single-vendor dependency by identifying and maintaining alternative suppliers for strategic and critical categories.
• Track IT market trends, pricing and supply conditions, such as rising memory, storage and GPU costs, component shortages, lead times and currency movements, and brief stakeholders on what they mean for IMC.
• Build close relationships with IT and infrastructure teams to understand upcoming needs early, and with vendors and OEMs to get early sight of price changes, product roadmaps and end-of-life notices.
• Use this insight to anticipate supply constraints and price rises and act ahead of them, for example by timing purchases, securing allocation or locking in pricing, and to spot savings opportunities.
• Review and negotiate MSAs, SOWs, NDAs, licence agreements and DPAs with Legal.
• Keep a contract register and renewal calendar so no licence, support contract or circuit lapses unplanned.
• Run vendor onboarding, due diligence and periodic performance reviews against SLAs and KPIs.
• Manage relationships with strategic technology vendors and escalate issues when needed.
• Work with Information Security and Compliance on third-party risk assessments, especially for vendors with access to systems or data.
• Work with Finance to handle tax aspects of purchases, including GST, TDS, import duties and documentation for imported hardware.
• Keep procurement auditable: approvals, purchase orders, three-way match and documentation ready for internal and external audit.
• Partner with IT on hardware asset lifecycle: procurement, tagging, refresh cycles and compliant disposal (e-waste).
• Support annual IT budgeting and forecasting with Finance and Technology leads.
• Report on spend, savings, contract status and vendor performance.
• Improve procurement processes and tools, including the purchase-to-pay workflow.
• Lead, coach and develop 1–2 procurement specialists.

What you'll need

• 8–12 years in procurement, with at least 5 years focused on IT or technology categories.
• Bachelor's degree in engineering, business, supply chain or a related field.
• Solid understanding of IT hardware, networking, software licensing models (perpetual, subscription, enterprise agreements) and cloud pricing.
• Strong negotiation skills and a record of measurable savings and better contract terms.
• Experience drafting and negotiating technology contracts and SLAs.
• Working knowledge of Indian procurement requirements: GST, TDS, import and customs processes, and vendor compliance.
• Comfort with ERP and procurement tools [e.g. Workday, Coupa, SAP Ariba] and strong Excel skills.
• Clear communicator who can work with engineers, traders, legal and finance, and with global colleagues across time zones.

Nice to have

• An MBA or a certification such as CIPS or CPSM.
• Experience in financial services, trading, or another regulated, technology-heavy environment.
• Experience managing or mentoring a small team.
• Experience buying data centre or colocation services, low-latency network equipment or market data.
• Exposure to third-party risk management frameworks and information security questionnaires.
• Experience with software asset management (SAM) tools.

Details

• Location: Mumbai, India.
• Works closely with Technology, Infrastructure, Information Security, Legal, Compliance and Finance in Mumbai, and with IMC's global procurement colleagues in other offices.