Regional Procurement Manager - Digital & IT

Seeking a Regional Procurement Manager - Digital & IT for a top financial services firm. Responsibilities include developing sourcing strategies, negotiating with suppliers, managing stakeholder relationships, and ensuring compliance. Requires 5+ years’ experience in IT procurement within financial services. Join us to influence regional digital transformation and procurement excellence.

Primary Duties and Responsibilities:

• Category Strategy Development: Design and implement strategies for IT categories aligned with organizational goals.
• Cost Optimization: Identify opportunities to reduce costs and improve sourcing efficiency to maximize value.
• Supplier Negotiation & Contract Management: Lead negotiations to secure favorable terms and oversee contracts to ensure performance and compliance.
• Strategic Sourcing: Manage sourcing processes, including RFPs, ensuring alignment with business needs and stakeholder expectations.
• Stakeholder Collaboration: Work with IT, Finance, Compliance, and Operations to align sourcing strategies with organizational priorities.
• Market Insights: Stay updated on industry trends, emerging technologies, and market developments to inform sourcing decisions.
• Performance Monitoring: Establish KPIs for supplier performance and ensure adherence to SLAs.
• Change Management: Facilitate smooth onboarding of new suppliers and IT solutions, ensuring seamless integration.
• Regulatory & Risk Management: Ensure sourcing practices comply with industry regulations and effectively manage associated risks.
• Reporting & Communication: Prepare reports and deliver presentations to senior management on sourcing strategies and performance metrics.

Qualifications and Experience:

• Bachelor’s degree in Business, Supply Chain, IT, or related; MBA preferred.
• 5-7 years in IT procurement, especially within banking or insurance sectors.
• Strong relationship-building skills across Technology and Procurement teams.
• Proven success in cost savings, strategic sourcing, negotiation, and contract management.
• Strategic thinker with problem-solving skills and ability to develop effective category strategies.
• Excellent stakeholder management and influencing abilities.
• Deep understanding of hardware, software, IT service and emerging technology trends and technologies.
• Fluent in English; Cantonese or Mandarin proficiency is advantageous.
• Knowledge of compliance and sourcing best practices in financial services.