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Procurement Manager (VP Level), Leading Investment Bank

Hong Kong    Others    Permanent   

Job description

Our client, a leading investment bank, is looking for a Procurement Manager (VP Level). The selected candidate will be responsible of the procurement and related risk management activities within the APAC Global Procurement Team. As a Procurement Manager, you will be responsible for end-to-end deal negotiations and development of innovative category strategies that drive a simplified supply base, business value and cost reduction. This is a great opportunity to join a leading investment bank as a Perm role.

Job responsibilities

  • Knows how to negotiate contracts in accordance with best practices, assists the business owner in creating a SOW/SLA, providing clarity and addressing all LOB requirements, and facilitates the collection of additional data from vendor managers as required to support business needs
  • Able to lead a team in the development of complex proposal documents and is proficient in the objective analysis of proposal responses, the identification on non-conforming items and the interview of potential service providers
  • Able to structure all elements of an RFP (technical, contractual, schedule and cost) in order to ensure that uniformed bids are received
  • Is a tenacious proponent of minimizing risk, attaining best value (cost saves) and providing complete solutions
  • Analyse and interpret Front Line Unit/Control Function’s level of adherence within program scorecards in order to identify potential themes and issues
  • Work routinely with risk partners (Legal, Compliance, Ops, Info Sec, etc.) in negotiating deals and in managing outsourcing risk
  • Assist FLU/CFs in providing documentation/evidence when responding to audit and/or regulatory inquiries
  • Has the organizational skills to monitor work and keep it on track to meet or exceed commitments and consistently provides updates to the concerned parties

Job requirements

  • Front line banking & markets products and services such as client due diligence, business process outsourcing (BPO), Card Processing and Merchant Services, Corporate and Institutional Client Support Services, Payment Network and Global Markets Research Support Services
  • Partner related services such as Cash & Security Services, Financial Market Utility, Brokerage and Trading Execution and Support Services
  • Working knowledge of local law and outsourcing laws, rules, and regulations. Legal experience, while not required, would be a benefit
  • Previous end-to-end procurement experience, ideally within the Financial Services Industry
  • Experience in managing outsourcing and/or third party risk
  • Strong contract negotiation skill set
  • Sound commercial awareness and good analytical and research skills
  • Comfortable with Sourcing systems (ideally Ariba) spreadsheets, presentations and project management.
  • In depth knowledge of your procurement category, supply base, market conditions, and sourcing principles
Apply now!

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