Senior Sourcing Manager (Bank, IT Procurement)

OCBC Bank

Shau Kei Wan, Hong Kong
Permanent
Full-time

15 days ago

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia.The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has close to 420 branches and representative offices in 19 countries and regions.For more information, please visit www.ocbc.com.hk to learn more about OCBC Hong Kong.What you'll be doing?The role is responsible for ensuring all sourcing activities are compliant with all local requirement and regulatory and drive the best value to the bank.

Develop and implement sourcing strategies to meet the organization's IT needs.
Identify and evaluate potential vendors, negotiate contracts, and establish strong supplier relationships.
Execute and manage RFx process, master agreements and SOWs for assigned stakeholder groups.
Working with internal stakeholder and/or suppliers, identify and implement cost saving, business value, and/or revenue acceleration projects.
Collaborate with internal teams to understand IT requirements and align sourcing activities accordingly.
Analyse category market condition, competitive landscape, stakeholder requirements, pricing trends, and benchmarks to support the creations of best-in-class sourcing solutions.
Create and manage execution of a category strategy focused on creating value for both internal and external.
Monitor supplier performance, resolve any issues, and ensure compliance with contractual obligations.
Engage and coordinate with SMEs when necessary (ie, legal, risk, compliance etc)
Drive cost optimization initiatives and identify opportunities for process improvement.
Assess and mitigate procurement risks, maintaining uninterrupted supply.
Provide guidance and mentorship to junior sourcing team members.

Who are we looking for?

Minimum 7-10 years of solid experience with IT Sourcing & Procurement process

Understanding of complex contractual terms and conditions. * Strong people management skill and influencing skills.

Excellent analytical, communication and negotiation skills.
Good command of written and spoken English and Cantonese.

Why you should consider this opportunity:We offer attractive remuneration package with fringe benefits to right candidates. such as:5 days work week
Performance bonus
Medical insurance (Including Spouse & Children)
Life Insurance
Birthday leave & family leave

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