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
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