Recruit Squad Hiring! Full Time Senior Procurement Associate in Hong Kong - Ricebowl

The Role:

1)      Procurement Operations

·         Manage end-to-end procurement activities, including sourcing, quotation requests, tendering, supplier evaluation, negotiation, and contract award.

·         Support business units in procurement planning and purchasing requirements.

·         Ensure timely processing of procurement requests while maintaining compliance with internal policies and approval authorities.

·         Maintain procurement records, documentation, and reporting.

·         Coordinate vendor onboarding, due diligence, and risk assessment processes.

·         Maintain supplier databases and track key vendor information, contracts, and renewal dates.

·         Work closely with Risk, Compliance, Legal, and business stakeholders to ensure third-party governance requirements are met.

2)      Strategic Sourcing and Cost Management

·         Conduct market research and supplier benchmarking exercises.

·         Support commercial negotiations to achieve cost savings and value-for-money outcomes.

·         Assist in developing sourcing strategies for key categories and suppliers.

3)      Contract Management

·         Monitor contract expiry dates and renewal requirements.

·         Ensure executed contracts are properly stored and maintained.

·         Track supplier obligations and service level agreements (SLAs).

·         Governance and Compliance

·         Ensure procurement activities comply with internal policies, regulatory requirements, and audit expectations.

·         Support procurement-related audits and regulatory reviews.

·         Assist in developing and enhancing procurement policies, procedures, and controls.

·         Prepare management reports, procurement metrics, and vendor oversight documentation.

·         Build strong working relationships with internal business units and external suppliers.

·         Provide procurement guidance and support to stakeholders across the organization.

·         Facilitate communication between vendors and internal stakeholders to resolve procurement issues efficiently.

Qualifications and Experience:

·        Bachelor's degree in Business Administration, Supply Chain Management, Procurement, Finance, Accounting, or related discipline.

·         Professional procurement certifications are advantageous.

·         4–7 years of procurement, sourcing, vendor management, or supply chain experience.

·         Experience in banking, financial services, insurance, fintech, public bodies or other regulated industries preferred.

·         Proven experience managing supplier sourcing, procurement processes, pricing negotiations, and vendor governance processes.

·         Familiarity with procurement system is highly desirable.

·         Strong understanding of procurement best practices and sourcing methodologies.

·         Knowledge of vendor due diligence and third-party risk management processes.

·         Excellent negotiation and stakeholder management skills.

·         Strong analytical and problem-solving capabilities.

·         Experience reviewing commercial agreements and procurement contracts.

·         Ability to manage multiple projects and priorities in a fast-paced environment.

·         High attention to detail and strong organizational skills.

·         Proficiency in Microsoft Office applications, particularly Excel, Word, and PowerPoint.