Assistant Vice President IT 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