Assistant Vice President, Procurement

Company Introduction:

We’re home to Asia's most dynamic and vibrant capital markets.
Connecting capital, ideas, inspiration and innovation for deeper, more diverse and liquid global capital markets; providing greater choice and opportunity for our customers, each and every day.

HKEX is a purpose-driven company. Our commitment to the long-term development of our business and our markets is articulated in our purpose: "To Connect, Promote and Progress our Markets and the Communities they support for the prosperity of all."

Job Summary:

The Assistant Vice President, IT Procurement sits within the Procurement function under the Finance Division and plays a key role in driving strategic sourcing outcomes across technology categories.

This role is accountable for independently managing end-to-end procurement activities, driving category strategies, and delivering measurable value through cost optimization, risk mitigation, and supplier innovation. The AVP will act as a strategic partner to business stakeholders while also supporting the VP of IT Procurement in high-value and business-critical sourcing initiatives.

Job Duties:

Key Responsibilities:

Independent Procurement Delivery

• Manage the full spectrum of procurement activities independently with minimal supervision, from demand planning through sourcing, negotiation, contracting, and supplier management

• Handle multiple concurrent sourcing projects across IT categories with accountability for timely and high-quality delivery

• Ensure consistent application of procurement policies, governance, and best practices

Strategic Sourcing & Category Management

• Develop and implement category strategies across IT spend areas including hardware, software, telecom, and IT services

• Lead end-to-end sourcing initiatives (RFI, RFP, RFQ, tendering), ensuring robust commercial outcomes

• Establish and embed category management practices, driving adoption across the organization

• Continuously assess market trends, supplier landscape, and emerging technologies to inform sourcing strategies

Commercial & Contract Management

• Lead complex commercial negotiations, including pricing, licensing models, SLAs, and contractual terms

• Partner with Legal and Risk functions to ensure contracts are robust and aligned with regulatory requirements

• Identify and deliver cost optimization opportunities while balancing quality and service performance

Supplier & Stakeholder Management

• Build and manage strategic supplier relationships to drive performance, innovation, and long-term value

• Establish supplier performance frameworks, including KPIs and governance cadence

• Act as a trusted advisor to business stakeholders, influencing demand management and procurement decisions

Support to VP on Critical Initiatives

• Support the VP of IT Procurement in high-value, complex, and business-critical sourcing initiatives, including major transformation programs and strategic vendor engagements

• Contribute to bid strategy, commercial positioning, negotiation approach, and executive-level stakeholder alignment

• Provide analytical insights, market intelligence, and negotiation support for key tenders

Compliance & Governance

• Identify, assess, and mitigate commercial, contractual, and operational risks within IT procurement categories

• Ensure all procurement activities are compliant with internal policies, governance frameworks, and regulatory standards

• Support audit and control processes as required

Value Delivery & Transformation

• Drive procurement excellence initiatives, including process improvements and supplier consolidation

• Contribute to procurement digitalization and tool enhancements

• Support transformation initiatives through strategic sourcing insights

General

• Support ad hoc procurement initiatives and cross-functional projects as required

Qualifications & Experience Requirements:

• Bachelor’s degree in Procurement, Supply Chain Management, Business or related discipline is preferred

• At least 10-15 years of strategic IT sourcing experience in large organizations and has proven cost savings track record

• CIPS qualified or equivalent qualifications is an advantage

• Strong exposure to IT categories in scope, product knowledge, supplier and market dynamics, business models, contract negotiation, implementation and supplier relationship management.

• Track record of category management implementation and ability to launch it and train others.

• Must be able to adapt well to changes, thrive under pressure and cope with stringent project timelines.

• Excellent stakeholder management skills in developing relationships and able to communicate effectively across all levels of the organisation.

• Self-starter, high integrity, business acumen and strong negotiation skills

• Strong analytical, communication and interpersonal skills

• Excellent written and spoken English and Chinese

• Experience in using procurement tool is preferred

• Proficient with MS Office

HKEX is committed as an Equal Opportunity Employer. Diversity is one of our core values and we look to support, respect diverse perspectives, abilities, culture and experiences within our workplace.

Location:

HKEX - Exchange Square

Shift:

Standard - 40 Hours (Hong Kong SAR)

Scheduled Weekly Hours:

40

Worker Type:

Permanent