Assistant Vice President, Procurement recruitment
Global Procurement will operate as a globally connected function, using common systems and processes to manage the end to end procurement life cycle ("procure to pay") of all products, services and solutions from external third party vendors. Global Procurement encompasses three specific activities:
Purchasing: responsible for the management of all purchasing activities on a global basis, ensuring that HSBC's position is leveraged to obtain best value and maximum protection with regard to goods and services sourced across all business lines. This includes negotiating, ordering (using BuySmart), vendor relationship management, category management, strategic sourcing and business relationship management.
Accounts Payable: responsible for the effective processing of approved invoices to ensure the correct payment to vendors and for the reimbursement of staff expenses.
Travel: responsible for driving HSBC's global business travel programme including policy, management of external Travel Management Company(s) and supply arrangements
Principal Accountabilities:
Reporting to the Senior Vice President, Procurement, the incumbent will be responsible for Procurement and implementing a pre and post governance framework for the acquisition of goods and services. The incumbent will also need to manage related activities in line with the Group Vendor Risk Management Policy and Procedure (VRMPP).
- Handle Global category/commodity contracts, manage tender and navigate amongst suppliers and internal stakeholders
- Initiate timely renewal of contracts to mitigate risk of dispute and to achieve save targets by innovation and/or negotiations of commercial terms for goods and services
- Identify through sourcing means to deliver quality goods and services at best value to achieve cost savings
- Conduct market research to keep abreast of market developments and best practices
- Work in collaboration with Process Owners for the centralization of procurement function
- Review and improve the current process for payments and ensure consistency for approvals and to bring more categories into BuySmart
- Collaborate and provide guidance to Process Owners on the procurement life cycle, Vendor Risk Management Policy and Procedure as well as outsourcing framework requirements
- Work with other Procurement counterparts on the Group’s initiatives and jointly with Subject Matter Experts (Legal, Compliance, Operational Risk Control, Security Fraud Risk, Finance) to mitigate risks and to be aligned with regulatory requirements
Skills / Attributes:
- Along with a Degree, preferably in Finance, Business Administration or related field, candidate should have at least 4 years working experience in Procurement and/or contract management
- Have a good understanding of product category, demonstrate strategic sourcing capability, proficient in contract management, negotiation and governance and a thorough understanding of the end to end process from procure to payment
- Experience in IT procurement and vendor management would be a plus
- Possess effective oral and written communication skills
- Meticulous, strong organizational skills with the ability to prioritize work and be able to work with people at all levels
- Well-versed and highly proficient in Microsoft Office system
Interested candidates are encouraged to apply via the HSBC Career Website, referencing the applicable Job Number.