Sandip Jha
Head Asset & SAM Compliance
Mumbai,MH
Summary
Dynamic corporate professional with over 27 years of experience in the BFSI sector, recognized for leading agile, high-performing teams and optimizing IT hardware and software asset management. Strong expertise in vendor management, budgeting, cost control, and process optimization drives operational efficiency and enhances cost-effectiveness. Strategic leader dedicated to innovation and risk management, fostering digital transformation while ensuring long-term business success through continuous improvement initiatives. Proven ability to navigate complex challenges and deliver impactful solutions that align seamlessly with organizational goals.
Overview
33
33
years of professional experience
3
3
Certifications
Work History
VP & Head IT Asset Mgmt. & Software Compliance
RBL Bank
09.2022 - Current
- Driving Operations management within Technology Functions, managing the Hardware & Software Asset Lifecycle Management and optimizing budgeting processes, and Spearheading contract negotiations and vendor partnerships to enhance efficiency, cost-effectiveness, and operational excellence.
- Profile Highlights
- IT Asset & Infrastructure Management: Established Hardware Asset Management Practices, including governance frameworks, IT policies, and Standard Operating Procedures, ensuring streamlined asset lifecycle management.
- Software Asset Management & Compliance: Implemented SAM compliance frameworks aligned with BFSI standards, driving the evaluation and adoption of various ITAM & ITSM tools to optimize software asset tracking and utilization.
- Enterprise IT Solutions & Process Automation: Spearheaded the implementation and management of the bank’s Enterprise Tool, enhancing CMDB, Change Management, Incident Management, Service Desk, Audit & Analytics, and SDP, leading to improved operational efficiency.
VP & Head IT Asset, Software, Budgeting, Purchase
IDFC First Bank
09.2015 - 09.2022
- Profile Highlights
- Spearheaded Asset Management & Procurement, aligning sourcing strategies with organizational objectives to drive cost optimization while maintaining quality and reliability.
- Pioneered the automation of functions by implementing the “ServiceNow Platform” for HR, Hardware & Software Asset Management, contributing to the bank’s strategic New Age Automation initiative.
- Managed IT budgeting, revenue management, P&L analysis, and target achievement strategies, while managing service operations, including SOPs, KPIs, and SLAs.
- Managed invoice processing and payment operation team, aligning financial operations & Budget allocation tracking.
- Pioneered the development of a Centralized Payment Processing System using Robotic Process Automation (RPA), eliminating manual errors and optimizing workforce efficiency by reducing 3 from 8.
- Designed and implemented an end-to-end budget tracking module integrated with Oracle Financials, enabling real-time spend analysis, financial control, and prevention of overprovisioning.
AVP, Technology Management Group
HDFC Bank
07.2007 - 08.2015
- Profile Highlights
- Implemented SAM compliance frameworks aligned with BFSI standards, driving the evaluation and adoption of tools such as CA, BigFix to optimize software asset tracking and utilization.
- Managed & negotiated contract renewal, SAL & engagements, including PULA / ULA agreements, with vendors like Oracle, IBM, Microsoft, VMware, and SAP.
- Lead the enterprise-wide license management strategies, including deployment, tracking, and compliance management.
- Developed key vendor relationships, negotiated contracts, and monitored supplier performance.
- Tracked and reported key functional metrics to reduce expenses and enhance procurement efficiency.
- Ensured timely renewal of service agreements, AMCs, and procurement-related contracts.
- Forecasted unfavourable events using data-driven insights and implemented proactive control measures.
Head IT Infrastructure (VP)
Bank of Baroda Capital Markets (BOBCaps)
01.2002 - 01.2007
- Profile Highlights
- Managed IT infrastructure and enterprise-wide support systems catering to diverse users, including the Parent Bank, Treasury, RBI Dealership, Financial Control, Operations, and Compliance.
- Developed and implemented a procurement strategy in alignment with Central Vigilance Commission (CVC) guidelines. Led end-to-end procurement processes, including closed bidding, Expression of Interest, and Price Discovery methodologies.
- Negotiated pricing and contract terms for large-scale agreements and managing the procurement operations, including Purchase Orders, Contracts, and Vendor Management.
- Supervised various audits, including those conducted by the Comptroller & Auditor General (CAG) and Bank Auditors.
- Successfully implemented the Treasury Platform applications (NDS, RTGS, CBLO) in compliance with RBI financial dealing requirements, enhancing trading efficiency and regulatory adherence.
- Established and streamlined procurement processes in strict alignment with CVC guidelines, CAG Audit requirements ensuring transparency, compliance, and operational excellence.
Sr Executive
CEAT Financial Service Limited
01.1993 - 01.2002
- Played a pivotal role as a core team member in business process reengineering initiatives at Mumbai HQ, driving strategic improvements.
- Led the Core Development Team in the successful migration of all business applications from a proprietary UNIX platform to a modern Windows platform, ensuring scalability and efficiency.
- Designed and implemented a comprehensive Transition Model, streamlining business processes for seamless transformation.
Education
Post Graduate Diploma - Computer Applications (PGDCA)
ICS Kolkata
Science Graduate - undefined
Kolkata University
01.1987
Skills
IT infrastructure oversight
Asset lifecycle management
Proficient in software asset management
IT financial oversight
Risk mitigation strategies
Strategic sourcing
Team management
Effective communication
Certification
ITIL V3 Certified – Expertise in IT Service Management best practices
Additional Information
✔ GEM Award - RBL Bank (2024) Awarded for strategic excellence for implementing Asset Management Practices
✔ GEM Award - RBL Bank (2023) Awarded for strategic excellence for revenue generation through Asset lifecycle processes.
✔ Manager of Manager - IDFC Bank (2019) Awarded Certificate for “Manager of Manager” of the Year Certificate
✔ RBI 2004 - First-ever IS Audit for Risk Management program conducted by the RBI,
✔ RBI 2005 - Appointed as a committee member for the RTGS Implementation Disaster Recovery Initiative
Timeline
VP & Head IT Asset Mgmt. & Software Compliance
RBL Bank
09.2022 - Current
VP & Head IT Asset, Software, Budgeting, Purchase
IDFC First Bank
09.2015 - 09.2022
AVP, Technology Management Group
HDFC Bank
07.2007 - 08.2015
Head IT Infrastructure (VP)
Bank of Baroda Capital Markets (BOBCaps)
01.2002 - 01.2007
Sr Executive
CEAT Financial Service Limited
01.1993 - 01.2002
Science Graduate - undefined
Kolkata University
Post Graduate Diploma - Computer Applications (PGDCA)
ICS Kolkata