Sr. Vice President, Strategic Sourcing

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Sr. Vice President, Strategic Sourcing

In this role, you will:

• Work closely with the Global Head of Workforce Sourcing and other Category Leads and Regional Heads to deliver against the identified portfolio of initiatives with a focus on the end to end management of Consultancy.
• Ensure a robust governance process is embedded within source to contract practices that aligns across all of Workforce Sourcing
• Utilise advanced skills in analysis/synthesis in the application of a range of commercial models, with a focus on Total Cost of Ownership (TCO) and value creation.
• Manage our key strategic supplier relationships.
• Monitor buying channel compliance, for the business/function with whom they own the Procurement relationship and drives corrective action as necessary, both individually and via the Categories resource pool.
• 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.
• Responsible for managing various indirect procurement categories including Application Software and IT services, Professional Services and also oversee the other commodities.
• Monitor the complete procurement cycle from vendor sourcing, tendering, commercial evaluation, recommendation, and contract negotiation.
• Lead RFx process for assigned spend categories.
• Negotiate contracts in accordance with best practices, assist the business owner in creating a MSA/SOW/SLA, providing clarity and addressing all business user requirements, and facilitates the collection of additional data from vendor as required to support business needs.
• Identify potential contractual terms and conditions improvement opportunities for re-negotiation.
• Understand and work with business users to adhere to Global Procurement processes and policies.
• Analyze and develop different KPIs and performance metrics for continuous improvement.
• Build trust and credibility across internal stakeholder community by demonstrating required expertise and supports in all procurement-related activities.
• Manage strategic supplier relationship and performance management initiatives.
• Develop and enhance procurement process that are focused on value creation and improving efficiency; ensure compliance with established procurement policies.
• Ensuring full compliance with relevant FIMs, including but not limited to:
• Third Party Risk Management (TPRM)
• Outsourcing and Procurement Policies
• 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 successful candidate will also meet the following requirements:

• 10 + Years of relevant exp in strategic sourcing exp and procurement primarily in IT Category
• Domain: Banking experience is added advantage, understanding of Risk, Compliance, regulatory environment
• Proficient in sourcing & Procurement systems COUPA (Current system in use), Oracle (Fusion), SAP
• Proficient in Drafting/Tracking Contracts
• Proficient in MS Office tools (Excel, Office tools, PPT)
• Proficient in Procurement operations functions
• Understanding of Vendor management and supplier, spend management/analysis
• Good to have SRM, Supplier performance management

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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Issued by – HSBC Software Development India