Vice President, Procurement - HSBC Life

HSBC Holdings plc; Singapore; On-site; SGD 180,000 - 260,000; Full time

Job summary

HSBC Life Singapore is seeking a highly experienced Vice President, Procurement to lead strategic sourcing, governance and cost-improvement initiatives across major categories in a global banking environment.

You will partner with Risk, Compliance, Legal, Finance, Technology and Operations to ensure resilient, compliant procurement. The role requires implementing sourcing tools and maintaining robust contract controls to deliver sustainable value.

Qualifications

• Strong experience in procurement governance and controls across a mid-to-large organization.
• Proven ability to lead strategic sourcing, tendering, negotiation and contract awards.
• Experience implementing procurement tooling (Coupa, SAP Ariba) and source-to-contract platforms.

Responsibilities

• Establish objectives, performance measures and governance for the procurement team.
• Promote consistent procurement standards, processes and controls across the organisation.
• Lead strategic sourcing, tendering, negotiation and contract award activity for significant and complex categories.
• Identify opportunities to reduce total cost of ownership while protecting service quality and resilience.
• Monitor procurement performance through measurable savings and risk reduction.
• Maintain a robust procurement control framework including delegated authorities and approval standards.
• Escalate material supplier issues and lead remediation as required.

Skills

Procurement leadership

Strategic sourcing

Category management

Commercial negotiations

Supplier relationship management

Risk & compliance collaboration

Leadership

Tools

Coupa

SAP Ariba

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life is a world‑class institution where you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high‑profile growing business segment. We empower our combined team of high‑performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Vice President, Procurement.

In this role you will:

• Establish clear objectives, performance measures and governance for the procurement team.
• Promote consistent procurement standards, processes and controls across the organisation.
• Lead strategic sourcing, tendering, negotiation and contract award activity for significant and complex categories.
• Identify opportunities to reduce total cost of ownership while protecting service quality, resilience and control effectiveness.
• Monitor procurement performance through measurable savings, cost avoidance, service improvements and risk reduction.
• Maintain a robust procurement control framework, including delegated authorities, segregation of duties and approval standards.
• Ensure appropriate due diligence, approvals, contract controls, performance reviews and exit plans are in place.
• Escalate material supplier issues promptly and lead remediation where required.

To be successful you will need:

• Strong experience in procurement, strategic sourcing, category management, commercial negotiations and supplier relationship management in a mid-to-large organization.
• Experience working with source-to-contract and procure-to-pay platforms and setting up of procurement function, including policy, process, and implementing procurement tooling (e.g. Coupa, SAP Ariba).
• Strong understanding of procurement governance, control frameworks, contract management and operational resilience.
• Experience influencing senior executives and working effectively with Risk, Compliance, Legal, Finance, Technology and Operations.
• Demonstrable experience delivering sustainable commercial value without compromising control, service or resilience.
• People leadership experience.

You’ll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by HSBC Life (Singapore) Pte. Ltd.

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