(Assistant) IT Procurement Manager - Financial Institution

Michael Page; Hong Kong; Hybrid; HKD 900,000 - 1,400,000; Full time

Benefits offered by this job

Hybrid working arrangement

Competitive remuneration with bonus

Job summary

Michael Page (Hong Kong) is seeking an experienced IT Procurement Assistant Manager/Manager to lead strategic sourcing initiatives and supplier management within a well-established financial services organization. The role focuses on IT spend across software, hardware, cloud, and services, with governance and regulatory alignment across Technology, Security, Legal, Compliance, and Finance.

The successful candidate will have 5–10 years of IT procurement experience, strong negotiation skills, and

Qualifications

• 5-10 years of procurement experience, with a strong IT focus.
• Experience in banking/financial services or regulated industries is highly preferred.
• Strong knowledge of IT contracts, software licensing models, cloud procurement, and technology supplier landscape.
• Proven track record in managing complex sourcing projects and leading commercial negotiations.
• Excellent stakeholder management and communication skills with the ability to influence senior leaders.
• Professional certifications such as CIPS, CPSM, or equivalent are preferred.

Responsibilities

• Lead sourcing activities for IT spend across software, hardware, cloud services, telecommunications, cybersecurity, and professional services.
• Manage the full procurement lifecycle from requirement gathering, RFP/RFQ preparation, supplier evaluation, negotiation, contract award, to post-award management.
• Partner with Technology, Information Security, Legal, Compliance, and Finance teams to ensure governance and regulatory alignment.
• Drive commercial negotiations to achieve cost savings, value creation, and risk mitigation.
• Conduct market analysis and supplier benchmarking to identify new technologies and opportunities.
• Support supplier risk assessments, contract reviews, and third-party management initiatives.
• Monitor supplier performance through regular business reviews and SLAs.
• Contribute to procurement process improvements and digitalisation projects.

Skills

IT procurement

Vendor management

Strategic sourcing

Stakeholder management

Negotiation

Education

Degree in Procurement/related discipline

Job description

• Financial institution background is a must
• Experience in IT procurement

About Our Client

Our client is a well-established financial services organization with a strong presence across Asia. As part of their continued investment in technology, they are seeking an experienced IT Procurement Assistant Manager / Manager to support strategic sourcing initiatives, vendor management, and procurement transformation projects.

Job Description

• Lead sourcing activities for IT-related spend categories including software, hardware, cloud services, telecommunications, cybersecurity, and professional services.
• Manage the full procurement lifecycle from requirement gathering, RFP/RFQ preparation, supplier evaluation, negotiation, contract award, and ongoing vendor performance management.
• Partner with Technology, Information Security, Legal, Compliance, and Finance teams to ensure procurement activities align with internal governance and regulatory requirements.
• Drive commercial negotiations to achieve cost savings, value creation, and risk mitigation.
• Conduct market analysis and supplier benchmarking to identify new technologies, sourcing opportunities, and industry best practices.
• Support supplier risk assessments, contract reviews, and third-party management initiatives.
• Monitor supplier performance through regular business reviews and service level management.
• Contribute to procurement process improvements, digitalisation projects, and policy enhancement initiatives.

The Successful Applicant

• Degree holder in Procurement, Supply Chain, Business Administration, Information Systems, or related disciplines.
• 5-10 years of procurement experience, with a strong focus on IT procurement, technology sourcing, or vendor management.
• Experience within banking, insurance, financial services, fintech, or other regulated industries is highly preferred.
• Strong knowledge of IT contracts, software licensing models, cloud procurement, and technology supplier landscape.
• Proven track record in managing complex sourcing projects and leading commercial negotiations.
• Excellent stakeholder management and communication skills with the ability to influence senior business leaders.
• Familiarity with third-party risk management and procurement governance frameworks will be advantageous.
• Professional certifications such as CIPS, CPSM, or equivalent are preferred.

What's on Offer

• Opportunity to join a reputable and growing financial institution.
• Regional exposure supporting technology procurement initiatives across Asia.
• Competitive remuneration package with performance bonus.
• Hybrid working arrangement and flexible working environment.
• Excellent career progression opportunities within procurement and vendor management.