VP - Procurement

Job Title: VP – Procurement

• The Senior Strategic Sourcing Manager will develop and execute category and supply base strategies and sourcing projects in assigned categories to deliver defined country annual targets by driving competitive advantage for the HSBC business through cost savings, lifecycle value generation, demand management and innovation.
• The projects will be delivered globally or locally in accordance with the category strategy plans and will leverage the full range of supply and demand-side levers. In-depth sourcing knowledge will be applied in the execution of these plans across all category areas whilst ensuring the risks associated with the purchase of goods and services are mitigated commercially, contractually and operationally.
  It is expected that post contract value opportunities will be identified and delivered through working with business supplier managers and the local supply base making sure that these opportunities align with category strategies at all times.
  The role will primarily focus on Corporate Real Estate Services category and is likely work across other variety of categories such as Professional Services & Consulting, Workforce category, HR Services, Marketing, Legal, Events, Insurance, etc. so will need to demonstrate a broad range of category knowledge and be able to work dynamically and flexibly with a broad range of SMEs. The role will work with a variety of stakeholders and business partners requiring proactive engagement and fostering of existing and new relationships.

In this role, you will:

Impact on the Business/Function

• Drive the right business outcomes with advanced subject matter expertise during the execution of projects.
• Support the local business in ensuring that the outputs of sourcing projects are embedded in the business to drive value through the contract lifecycle.
• Ensure maximum contractual protection for the business, taking into account the Procurement Handbook requirements and local regulatory issues.
• Ensure that businesses have operational accountability for contracts after execution and work with the Third-Party Risk Management team to drive appropriate deployment of the supplier relationship and risk management framework.
• Provide robust reports on progress against targets, Preferred Supplier List and buying channel compliance.

Customers / Stakeholders

• In the execution of sourcing projects, instil a responsive and strategic service and delivery culture, which makes business stakeholders value Procurement.
• Lead the application of a range of sourcing approaches, including the use of eSourcing, to deliver the most appropriate business outcomes.
• Influence the business and act as pathfinder for business (including Legal) and supply market relationships.
• Develop and execute local category strategies aligned with global category plans   The category plans will be robust and forward-looking based on business and product needs, supply market dynamics, and technological changes in marketplace;
• Foster and build relationships with key stakeholders and business partners as relevant to the role.             

Leadership & Teamwork

• Demonstrate importance of advanced subject matter expertise through example.
• Market and communicate appropriate category guidelines to the business.
• Act as a change agent for the Procurement Transformation and beyond into future change initiatives.
• Drive embedding of best practices and compliance to all Source to Pay processes through personal performance.

Operational Effectiveness & Control

• Achieve or exceed agreed savings target for sourcing projects and categories.
• Lead negotiation and agreement of terms and conditions for all projects.
• Manage all initiatives to a robust plan in alignment with business/process milestones.
• Understand complex business problems, apply advanced analytical thinking / market knowledge and drive the most appropriate business outcome.
• Ensure project data (savings, pipeline, milestones, risks, and issues and all other appropriate data sources) is accurate and reflective of reality.
• Ensure quality of content and compliance with relevant sourcing governance. -
• Use best effort to continuously improve ways of working and processes.
• Drive the usage of a variety of Procurement tools and manage an interface with offshore support teams.
• Demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)

• Managing complex stakeholder relationship:
• Balancing the diverse and often conflicting priorities of internal stakeholders requires advanced negotiation, communication and influencing skills.
• Maintaining alignment across global teams while ensuring compliance with regulatory and procurement frameworks adds complexity
• Navigating Regulatory and compliances pressures
• Constantly evolving regulatory expectations ( eg; ESG, Third party risk, operational resilience) necessitate staying ahead of global compliance mandates.
• Requires the ability to embed risk and governance rigor without compromising business agility.
• Driving Strategic Transformation
• Leading sourcing transformation initiatives (e.g., digital procurement, supplier innovation, sustainability) demands change leadership and strategic foresight.
• Transforming legacy processes and mindsets while ensuring buy-in from senior stakeholders is a continual challenge
• Delivering Sustainable Value Beyond Cost
• Expectations have shifted from traditional cost savings to delivering broader business value (e.g., speed to market, supplier innovation, risk mitigation, ESG performance).
• Requires strong commercial acumen, market intelligence, and the ability to influence total value thinking.
• Talent and Capability Management
• Attracting, developing, and retaining top talent in a highly specialized and competitive procurement function is a critical challenge.
• Requires people leadership, coaching skills, and a strong focus on building a resilient and future-ready team.

Role Context (The environment and operating conditions of the role including the extent of guidance and authority)

• As the Vice President – Strategic Sourcing, the role operates in a highly dynamic, complex, and regulated environment. The sourcing landscape is influenced by evolving global market conditions, increasing regulatory scrutiny, rising stakeholder expectations, and accelerating digital transformation.
• The role holder is responsible for leading category strategy development and execution across a multi-million dollar global spend portfolio. Operating at the intersection of commercial, regulatory, and operational priorities, the role demands a sophisticated balance of strategic vision, commercial rigor, and stakeholder influence.
• Working within a matrixed global organization, the role requires continuous engagement with senior executives across business lines, legal, risk, finance, HR, and compliance functions. The role holder is expected to operate with significant autonomy and decision-making authority, while ensuring strict adherence to HSBC’s governance, third-party risk management, and procurement policies.
• There is limited day-to-day guidance, with the expectation that the role holder will proactively shape sourcing strategies, lead high-value negotiations, resolve complex sourcing challenges, and drive innovation in supplier engagement. The environment is fast-paced, often ambiguous, and requires adaptive leadership, cross-functional collaboration, and the ability to influence outcomes at the highest levels of the organization.

Management of Risk (Operational Risk / FIM requirements)

• The role requires rigorous identification, assessment, and mitigation of risks in alignment with HSBC’s Operational Risk Framework and Functional Instruction Manual (FIM) requirements. The role holder is directly accountable for embedding robust third-party risk management practices across all sourcing activities.

This includes:

• Ensuring compliance with all relevant FIMs, including Third Party Risk Management (TPRM), Outsourcing, Records Management, CLRA guidelines, Functional SOP’s and  Conduct Risk guidelines.
• Proactively identifying operational, financial, reputational, and conduct risks associated with third-party engagements, particularly in high-risk service categories such as consultancy and workforce.
• Embedding controls throughout the sourcing lifecycle—from supplier due diligence and onboarding to contract execution, ongoing performance monitoring, and exit planning.
• Collaborating closely with Risk, Legal, Compliance, and Internal Audit teams to ensure sourcing strategies align with both internal policies and external regulatory expectations.
• Championing risk awareness across the supply chain and driving a culture of risk-informed decision making within the sourcing function and among stakeholders.

Observation of Internal Controls (Compliance Policy / FIM requirements)

• The role holder is expected to demonstrate the highest standards of integrity and discipline in adhering to HSBC’s Compliance Policy, FIM requirements, and internal control frameworks. The role is critical in maintaining a strong control environment across all sourcing and third-party engagements.

Key responsibilities include:

• Ensuring full compliance with relevant FIMs, including but not limited to:
• Third Party Risk Management (TPRM)
• Outsourcing and Procurement Policies
• Compliance to Anti-Bribery and Corruption (AB&C)
• Records Management
• Embedding control checks and governance gates across the end-to-end sourcing process—from strategic planning through to contract execution and supplier management.
• Driving policy adherence through consistent documentation, transparent decision-making, and timely approvals within sourcing platforms and internal control systems.
• Participating in internal reviews and audits, providing clear evidence of control effectiveness and taking ownership for timely remediation of identified issues.
• Monitoring supplier engagements to ensure ongoing compliance with contractual, regulatory, and operational obligations.
• The role demands a proactive, risk-aware mindset and close collaboration with Compliance, Legal, Audit, and Risk partners to ensure that all sourcing activities are defensible, well-governed, and in line with HSBC’s internal and external obligations.

Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget)

• The role commands significant commercial and strategic influence within HSBC’s global operations, with responsibility for managing a high-value and complex category portfolio. Key dimensions of the role include:
• Spend Responsibility: Accountable for managing a global sourcing portfolio with the spend of USD $250-300M spend annually across Real Estate Services, Professional Services, Consultancy, and Workforce categories. Independently manage any projects that value exceeds $1M USD.
• Contract Volume: Oversees the strategic sourcing and ongoing management of hundreds of supplier contracts, including global framework agreements, master service agreements, and high-risk consultancy engagements.
• Transaction Complexity: Leads sourcing for both tactical and highly strategic engagements, often involving multi-geography and cross-functional stakeholder alignment, regulatory impact, and high reputational sensitivity.
• Governance Oversight: Responsible for ensuring compliance with internal governance frameworks across all sourcing activities, including competitive tendering, supplier due diligence, risk assessment, and contractual approval processes.
• Budget Influence: Provides strategic input into category-level budget planning and optimization, influencing workforce and consulting expenditure decisions at both global and regional levels.
• Stakeholder Reach: Engages with Group-level senior executives, including HR, Finance, Risk, Legal, Compliance, and Business Unit Heads, across multiple geographies and time zones.
• These dimensions reflect the high degree of strategic, financial, and operational impact the role has within HSBC’s global sourcing and third-party risk ecosystem.

To be successful you will:

Core               

• Achieving Excellence
• Customer Focus
• Driving Sustainable Growth
• Managing Risk Responsibly

Common       

• Maximising the Performance of our People
• Commerciality
• Managing Business Information
• Collaboration
• Strengthening Stakeholder Relationships
• Innovation and Idea Management
• Change and Implementation Management

Technical      

• Supplier Relationship Development
• Contract & Service Management
• Vendor Risk & Compliance

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