Head of Procurement - Financial Institution

Michael Page (Hong Kong); Hong Kong; On-site; HKD 900,000 - 1,800,000; Full time

Job summary

Michael Page International (Hong Kong) Limited is seeking a seasoned procurement leader to head its Procurement function in Hong Kong. The role involves developing and executing strategy across indirect spend, driving governance, and delivering cost optimisation.

You will partner with executive leadership, oversee a high-performing team, and drive digitalisation and regulatory compliance across procurement practices. Fluency in English is essential; Cantonese/Mandarin are advantageous.

Qualifications

• Degree in a relevant discipline with professional qualifications such as CIPS, CPSM, or equivalent advantageous.
• Proven track record leading procurement functions within financial services or regulated industries.
• Strong analytical, problem-solving and influencing skills.

Responsibilities

• Develop and execute the procurement strategy aligned with business objectives and transformation initiatives.
• Lead procurement activities across indirect spend categories including Technology, Professional Services, Facilities, Marketing, HR, and Corporate Services.
• Establish category management, sourcing governance and supplier risk frameworks.
• Drive strategic sourcing, negotiations and value generation.
• Build relationships with stakeholders and executive leadership as a trusted advisor.
• Manage a portfolio of strategic suppliers with performance, resilience and regulatory compliance.
• Identify opportunities to improve procurement processes, systems and digital capabilities.
• Lead, coach and develop a high-performing procurement team.
• Ensure governance and regulatory compliance across procurement practices.
• Monitor market trends, supplier innovation and risks to support growth.

Skills

Strategic sourcing

Category management

Supplier relationship mgmt

Contract negotiations

Stakeholder management

Leadership

Regulatory/compliance aware

Education

Bachelor's degree in Supply Chain / Business Administration

Job description

About Our Client

Our client is a leading international financial institution with a strong presence across Asia Pacific and a reputation for delivering innovative solutions to millions of customers globally. Following continued business growth and strategic transformation initiatives, they are seeking a seasoned procurement leader to head their Procurement function in Hong Kong.

Job Description

• Develop and execute the procurement strategy in alignment with business objectives and corporate transformation initiatives.
• Lead all procurement activities across indirect spend categories, including Technology, Professional Services, Facilities Management, Marketing, Human Resources, and Corporate Services.
• Establish and enhance category management, sourcing governance, and supplier risk management frameworks.
• Drive strategic sourcing initiatives and commercial negotiations to achieve cost optimisation and value generation objectives.
• Build strong relationships with business stakeholders and executive leadership, acting as a trusted procurement advisor.
• Manage a portfolio of strategic suppliers, ensuring performance, operational resilience, and regulatory compliance.
• Identify opportunities to improve procurement processes, systems, and digital capabilities.
• Lead, coach, and develop a high-performing procurement team.
• Ensure procurement practices adhere to internal governance requirements and applicable regulatory standards.
• Monitor market trends, supplier innovation, and emerging risks to support business continuity and long-term growth.

The Successful Applicant

• Degree qualified in Supply Chain, Procurement, Business Administration, Finance, or a related discipline.
• Professional qualifications such as CIPS, CPSM, or equivalent are advantageous.
• Proven track record leading procurement functions within financial services, insurance, banking, or other highly regulated industries.
• Deep expertise in strategic sourcing, supplier relationship management, contract negotiations, and category management.
• Strong knowledge of third-party risk management and procurement governance.
• Excellent stakeholder management skills with the ability to influence senior executives.
• Commercially astute with strong analytical and problem-solving capabilities.
• Experience leading procurement transformation, digitalisation, or operating model improvement initiatives is highly desirable.
• Excellent communication skills in English; Cantonese and/or Mandarin would be an advantage.

What's on Offer

• Opportunity to lead procurement for a renowned international financial institution.
• High-profile role with direct exposure to senior leadership.
• Strategic and transformational mandate with significant business impact.
• Competitive executive compensation package, bonus, and comprehensive benefits.
• Dynamic, collaborative, and inclusive working environment with strong career development prospects.