Associate Vice President

3 weeks ago

mumbai, India HSBC Full time

Some careers open more doors than others.

If you’re looking to unlock new job opportunities, take a look at the possibilities right on your doorstep here at HSBC.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President (AVP), Strategic Sourcing

Role Purpose 
 The Assistant Vice President (AVP), Strategic Sourcing will execute sourcing projects to deliver defined country annual savings targets. These projects will deliver 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 Strategies and Commodity plans and will leverage the full range of supply and demand-side levers. Indepth 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.
The individual is responsible for the execution of eSourcing and for delivering incremental value to the business through eAuctions.
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 likely work across a specific category so will need to demonstrate a 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.
Principal Accountabilities:

The individual will drive the right business outcomes during the execution of projects and will support the local business in ensuring that the outputs of sourcing projects are embedded in the business to drive value through the contract lifecycle. Although not directly responsible for global Category Strategies and Commodity plans, the individual will work with the Category Managers in monitoring local market conditions and will work with Category Management regarding emerging opportunities or changes. Ensure maximum contractual protection for the business, taking into account the Procurement Handbook requirements and local regulatory issues. Work with the Operations implement the appropriate buying channel and with Supplier Risk Management (SRM), the appropriate supplier management approach for all projects assigned. Work with our outsourced service partner to execute sourcing projects and provide necessary guidance This role will ensure that businesses have operational accountability for contracts after signature and work with the SRM team to drive appropriate deployment of the supplier relationship management framework. Provide robust reports on progress against assigned sourcing projects.

Customers / Stakeholders

In the execution of sourcing projects, instill 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 Drive business governance forums to provide status updates, problem solving and timely execution of projects

Operational Effectiveness & Control

Achieve or exceed agreed savings target for each sourcing project. Lead negotiation and agreement of terms and conditions for category strategic contracts. Support negotiation and agreement of terms and conditions for major and/or complex contracts Understand complex business problems, apply advanced analytical thinking / market knowledge and drive the most appropriate business outcome Ensure quality of content and compliance with relevant sourcing governance forums (supplier forums, status update meetings, Third Party review, etc.) Drive embedding of best practices and compliance to all Source to Pay processes within the sourcing team through personal performance Ensure that non-strategic work is executed in the correct part of the organization. Manage all initiatives to a robust plan in alignment with business/process milestones. Requirements

Requirements

University Degree- ESSENTIAL Advanced Degree (Masters, Phd)- PREFERRED Function specific certification or degree- PREFERRED Achieving Excellence Customer Focus Driving Sustainable Growth Managing Risk Responsibly Maximizing the Performance of our People Commerciality Managing Business Information Strengthening Stakeholder Relationship Innovation & Idea Management Coaching Collaboration Understanding Markets and Customer Change Implementation Problem Solving, Planning, & Delivery Sourcing Execution Outsourcing

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