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Global Procurement drives strategic and commercial value for the bank by working with colleagues and suppliers to source goods and services. It is also responsible for operating, managing and transforming source-to-pay processes and systems, whilst embedding HSBC's sustainability strategy into its supply chain. Procurement works closely with other parts of HSBC to provide leadership of the bank's third-party and supplier relationships.
We are currently seeking a high caliber professional to join our team as an Strategic Sourcing Manager
Areas and Accountabilities
Impact on the Business/Function
Strategic Sourcing & Category Management
Develop and implement sourcing strategies for indirect categories, ensuring alignment with business objectives.
Conduct spend analysis, market intelligence, and benchmarking to identify sourcing and value creation opportunities.
Partner with stakeholders to define requirements and deliver category strategies that balance cost, quality, and risk.
Sourcing Project Execution
Manage end-to-end sourcing projects (RFI, RFQ, RFP, e-auctions, negotiations) across multiple indirect categories.
Collaborate with internal stakeholders, legal, and finance to ensure robust evaluation and award processes.
Ensure sourcing projects deliver measurable value, compliance, and risk mitigation.
Contractual Risk Management & Contracting
Lead contract negotiations, ensuring favorable terms and alignment with business needs.
Conduct contractual risk assessments to identify, mitigate, and escalate legal, financial, operational, and compliance risks.
Review and check contract documents for accuracy, consistency, and compliance with internal policies.
Oversee the contract signing process, ensuring proper authorization and adherence to approval protocols.
Support ongoing contract management, renewals, and amendments.
Procure-to-Pay (P2P) & Operational Support
Align sourcing outcomes with P2P processes and execution of
purchasing request to ensure seamless requisition-to-payment execution.
Support the Operations Sourcing Team by providing category expertise, supplier engagement, and issue resolution.
Drive process automation and digital procurement adoption to enhance operational efficiency and compliance.
Supplier & Third-Party Risk Management
Lead supplier performance and relationship management, including scorecards, KPIs, and corrective action plans.
Conduct third-party risk assessments (financial stability, compliance, operational, ESG).
Collaborate with risk, compliance, and legal functions to ensure suppliers meet corporate standards and regulatory requirements.
Drive supplier innovation, sustainability, and diversity initiatives.
MI, Reporting & Governance
Produce timely and accurate Management Information (MI) and reporting on spend, savings, supplier performance, and risk.
Provide insights and dashboards for senior stakeholders and the Head of Procurement.
Track performance against sourcing pipelines, targets, and compliance KPIs.
Customers / Stakeholders
In the execution of sourcing projects, instill a responsive and strategic service and delivery culture, which makes business stakeholders value Procurement.
Apply 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, risk functions and supply market relationships.
Support Category Management as required in the development and review of robust, forward-looking category plans based on business and product needs, supply market dynamics, and technological changes in marketplace.
Engage senior business stakeholders to align sourcing strategies with operational needs. Foster and build relationships with key stakeholders and business partners as relevant to role.
Leadership & Teamwork
Demonstrate importance of advanced subject matter expertise through example.
Market and communicate appropriate category guidelines in to the business.
Act as an agent of change 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.
Act as a trusted advisor to the Head of Procurement, supporting management oversight, governance, and risk management.
Mentor and support junior sourcing professionals, sharing best practices and knowledge.
Operational Effectiveness & Control
Achieve or exceed agreed savings target for each sourcing project.
Provide support in the negotiation and agreement of terms and conditions for all projects.
Manage all initiatives to a robust plan in alignment with business/process milestones.
Demonstrate understanding of 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 forums (challenge boards, fortnightly status meetings)
Use best effort to ensure that non-strategic work is executed in the correct part of the organisation.
Drive the usage of e-Procurement tools and manage an interface with offshore support teams.
Deliver the Strategic Procurement Services transformation agenda including deployment of Coupa, Fusion, Supplier right sizing, etc..
Support Straight Through Processing to achieve PO Compliance, PO Penetration, maximing buying channel creation and Archer Remediation if required.
Meet and exceed operations SLAs and KPIs in line with positive feedback and operational enhancements.
Optimise value through effective holistic supplier, risk and control management
Delivery of ESG agenda and achieve the net carbon zeron commitment.