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 Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all. Discover the latest career opportunities and programmes at HKEX.