Head – Procurement

Head – Procurement
M&G plc

APAC/Oceania, India, Mumbai

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Salary

Rank

VP

Responsibility

Design/Transform

Scope

Global

Workplace

100% in office

Functions

Procurement

Reports to
Level

N-2

Travel Max:

0%

Posting Date

05-13-2026

Description

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003.

Head – Procurement

Key Responsibilities

Strategic Leadership & Vision

  • Partner closely with the Group CPO to develop and execute the global procurement strategy, translating it into a clear India roadmap.
  • Define and articulate a compelling vision for the India procurement team aligned to global procurement priorities
  • Act as a thought partner on future procurement capabilities, including digital procurement, AI, automation, and advanced analytics.

Global Stakeholder Management

  • Serve as an interface between global business leaders, regional procurement teams
  • Build strong, trusted relationships with senior stakeholders across regions and functions.
  • Ensure clear service expectations, governance routines, and performance transparency for all supported businesses.
  • Proactively manage stakeholder risk, escalations, and service dependencies.

Operational Excellence & Delivery

  • Be responsible for end‑to‑end delivery of procurement services from India, ensuring quality, consistency, timeliness, and compliance.
  • Establish and track KPIs, SLAs, and outcomes aligned to global procurement goals.
  • Oversee and report on capacity management of the team
  • Drive standardisation, process optimisation, and continuous improvement across procurement workflows.
  • Be responsible for global Procurement controls, risk management, and adherence to group procurement policies and regulatory requirements.

People Leadership & Capability Building

  • Lead, develop, and inspire a ~25 FTE procurement team, including managers and specialist roles.
  • Build a high‑performance culture with strong accountability, collaboration, and learning.
  • Drive capability uplift across strategic sourcing, category management, supplier management, data/analytics, and commercial skills.
  • Own succession planning, talent development, and engagement for the procurement team.

Transformation, Digital & Value Creation

  • Champion procurement transformation initiatives, including: Digital procurement tools and platforms, Data‑driven decision making and spend analytics, Automation of transactional processes
  • Drive measurable value outcomes (cost savings, risk reduction, supplier performance improvement).
  • Support ESG, responsible sourcing, and supplier diversity initiatives where applicable.

Governance, Risk & Compliance

  • Ensure procurement operations meet internal governance standards, audit expectations, and regulatory requirements.
  • Partner with risk, legal, and finance teams to ensure contractual, supplier, and third‑party risk is effectively managed.
  • Embed strong documentation, reporting, and control discipline across the India based team.

Leadership & Influence

  • Executive‑level stakeholder management and influencing skills.
  • Ability to operate effectively in a matrixed, global environment.
  • Strong people leadership with a track record of building mature, scalable teams.
  • Gravitas to represent India at senior procurement and business forums.

Procurement & Commercial Acumen

  • Deep understanding of global procurement operating models, category management, strategic sourcing, and supplier management.
  • Strong commercial judgment, negotiation capability, and value‑creation mindset.
  • Experience balancing cost, risk, resilience, and service outcomes.

Strategic & Analytical Thinking

  • Ability to think end‑to‑end: from enterprise strategy to on‑the‑ground execution.
  • Strong analytical skills with comfort using data to drive decisions and influence.
  • Experience shaping roadmaps, operating models, and transformation initiatives.

Change & Transformation

  • Proven experience leading procurement or shared‑services transformation.
  • Exposure to digital procurement platforms, analytics, automation, or AI‑enabled tools
  • Ability to bring teams and stakeholders through change with clarity and credibility.

Qualification & Requirements

Essential Experience

  • 20+ years of experience in procurement, sourcing, supply chain, or related commercial roles.
  • Proven experience leading large procurement teams (preferably 20+ headcount).
  • Experience of working in for a leading Global Capability Center / Shared Services organisation
  • Strong exposure to global stakeholders and multi‑region operations.
  • Prior role at Director / Head of Procurement or equivalent senior leadership position.
  • Industry experience within financial / professional services, technology, or regulated environments
  • Experience driving procurement maturity journeys (from transactional to strategic/value‑led).

Education

  • Graduation (either in Engineering, Accounting, Finance, Business Management, Management Studies, etc.) is a must
  • A diploma in supply management, finance, or business or MBA would be preferred
  • Certifications from Procurement domain (CIPS, CPSM, CSCP, SCPC, CSCM, CIPP, CPP, CPOS, CPOP, CPOM, CPOE) would be an advantage

Benefits

No information available.

Company Profile

M&G plc
Industry

Financial Services

Revenue

$1.82B

Employees

6,151

Fortune 500 Rank

#303

Global 500 Rank

NA

View Company Profile