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Head of Procurement - Financial Institution

Hong Kong Permanent HK$90,000 - HK$120,000 per month (HK$1,080,000 - HK$1,440,000 per year) View Job Description
Our client is a leading financial institution and they are looking for a Head of Procurement position. This is a rare opportunity to shape procurement strategy, drive commercial value, and partner with senior business leaders across a complex and highly regulated environment.
  • Experience working in financial services institution
  • People management exposure

About Our Client

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.

Job Description

  • 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.



The Successful Applicant

  • 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.



What's on Offer

  • 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.



Contact
Stephanie Kwan
Quote job ref
JN-082026-7077686
Phone number
+852 3602 2443

Job summary

Function
Procurement & Supply Chain
Specialisation
Procurement Management
What is your area of specialisation?
Insurance
Location
Hong Kong
Job Type:
Permanent
Consultant name
Stephanie Kwan
Consultant phone
+852 3602 2443
Job Reference
JN-082026-7077686

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.