Head of Procurement - Financial Institution

Michael Page International (HK) Ltd; Hong Kong; On-site; HKD 1,800,000 - 2,400,000; Full time

Benefits offered by this job

Executive compensation

Bonus

Comprehensive benefits

Career development

Job summary

Michael Page International (HK) Ltd in Hong Kong is seeking a Head of Procurement to lead the procurement function for a leading international financial institution. You will shape strategy, oversee indirect spend across technology, professional services, facilities, marketing, HR and corporate services, and partner with executive leadership.

The role requires a proven track record in procurement leadership within financial services, deep expertise in strategic sourcing, supplier risk and

Qualifications

• 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.

Responsibilities

• 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.

Skills

Procurement leadership

Strategic sourcing

Supplier management

Contract negotiation

Category management

Regulatory knowledge

Stakeholder management

Digital transformation

Education

Supply Chain degree

CIPS CPSM (advantageous)

Job description

Head of Procurement - Financial Institution

• 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.

• 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.

Experience working in financial services institution People management exposure

• 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.

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.

• 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.